Asia Pacific Kitchen Lighting Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Type (General Kitchen Lighting, Task Kitchen Lighting, and Decorative Kitchen Lighting), Source (Fluorescent and LED and OLED), and Product (Island Lights, Pe

Asia Pacific Kitchen Lighting Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Type (General Kitchen Lighting, Task Kitchen Lighting, and Decorative Kitchen Lighting), Source (Fluorescent and LED and OLED), and Product (Island Lights, Pendant Lights, Ceiling Lights, Chandeliers, Track Lighting, Under Cabinet Lighting, and Others)

The kitchen lighting market in Asia Pacific is expected to grow from US$ 5,680.19 million in 2021 to US$ 11,192.89 million by 2028; it is estimated to grow at a CAGR of 10.2% from 2021 to 2028.

A boom in interest in home repair and remodeling activities, particularly in urban areas, boosts the demand for kitchen lighting. Consumers' tendency to spend on interiors has drawn their attention to home furnishing items such as carpets, rugs, and modern and stylish lighting systems. This shift in focus is supported by rising income levels, changing lifestyles, and new interior designs. Government initiatives in developing countries to encourage people to construct their own homes are fueling the kitchen lighting market growth. The government's smart cities programs boost urban infrastructure and construction development in India. In March 2018, the Pradhan Mantri Awas Yojana (PMAY) approved the construction of additional 321,567 affordable housing units. The Indian government dedicated US$ 61.92 billion to the infrastructure industry in its union budget 2017-2018. Additionally, in the 2018-2019 budget, the government increased infrastructure development spending to US$ 89.2 billion (INR 6 trillion) from US$ 75.9 billion (INR 4.9 trillion) in 2017-2018, with a rise of 20.9%. Due to such government measures, the number of commercial and residential development projects has increased in various countries in the region, resulting in increasing demand for kitchen lighting systems.

With the new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the Asia Pacific kitchen lighting market at a good CAGR during the forecast period.

Asia Pacific Kitchen Lighting Market Revenue and Forecast to 2028 (US$ Million)

Asia Pacific Kitchen Lighting Market Segmentation

Asia Pacific Kitchen Lighting Market, by Type

General Kitchen Lighting Task Kitchen Lighting Decorative Kitchen Lighting Asia Pacific Kitchen Lighting Market, by Source

Fluorescent LED and OLEDAsia Pacific Kitchen Lighting Market, by Product

Island Lights Pendant Lights Ceiling Lights Chandeliers Track Lighting Under Cabinet Lighting Others Asia Pacific Kitchen Lighting Market, by Country

China Japan India South Korea Australia Rest of APACAsia Pacific Kitchen Lighting Market - Companies Mentioned

Cree Lighting OSRAM Licht AG Panasonic Corporation Signify Holding (Philips) Hubbell Incorporated Lutron Electronics Co., Inc

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