Asia Pacific Architectural Lighting Market Size & Outlook
Asia Pacific architectural lighting market, 2018-2030 (US$M)
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Asia Pacific architectural lighting market highlights
- The Asia Pacific architectural lighting market generated a revenue of USD 4,373.9 million in 2023.
- The market is expected to grow at a CAGR of 8.4% from 2024 to 2030.
- In terms of segment, ballasts was the largest revenue generating component in 2023.
- Lamps is the most lucrative component segment registering the fastest growth during the forecast period.
- Country-wise, Australia is expected to register the highest CAGR from 2024 to 2030.
Asia Pacific data book summary
| Market revenue in 2023 | USD 4,373.9 million |
| Market revenue in 2030 | USD 7,694.3 million |
| Growth rate | 8.4% (CAGR from 2023 to 2030) |
| Largest segment | Ballasts |
| Fastest growing segment | Lamps |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Lamp Holders, Ballasts, Lamps, Lenses/Shades, Trims, Wiring, Reflectors |
| Key market players worldwide | Acuity Brands Inc, GE Aerospace, Hubbell Inc, Ams-OSRAM AG, Panasonic Holdings Corp, Signify NV, Zumtobel Group AG ADR, Feilo Sylvania, Seoul Semiconductor, Cree Lighting, Delta Light, GVA Lighting, Siteco, TCP Lighting |
Other key industry trends
- In terms of revenue, Asia Pacific region accounted for 46.0% of the global architectural lighting market in 2023.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- MEA is the fastest growing regional market and is projected to reach USD 1,512.4 million by 2030.
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Architectural Lighting Market Scope
Architectural Lighting Market Companies
| Name | Profile | # Employees | HQ | Website |
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Asia Pacific architectural lighting market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to architectural lighting market will help companies and investors design strategic landscapes.
Ballasts was the largest segment with a revenue share of 19.45% in 2023. Horizon Databook has segmented the Asia Pacific architectural lighting market based on lamp holders, ballasts, lamps, lenses/shades, trims, wiring, reflectors covering the revenue growth of each sub-segment from 2018 to 2030.
Asia Pacific is witnessing rapid urbanization with several cities undergoing immense growth and expansion. Architectural lighting is essential for upgrading urban landscapes, improving cityscapes, and creating attractive environments.
Many APAC countries are concerned with energy savings and environmental sustainability. LED lighting technology is widely used due to its energy-saving properties and long lifespan. Governments in the region are encouraging the use of LEDs through legislation and incentives.
The region has a rich cultural heritage with numerous ancient sites, temples, and landmarks. Architectural lighting is widely used for illuminating and maintaining historic sites, highlighting the architecture, and preserving its cultural relevance.
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Target buyers of Asia Pacific architectural lighting market databook
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Our clientele includes a mix of architectural lighting market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of continent-level data and insights on the Asia Pacific architectural lighting market , including forecasts for subscribers. This continent databook contains high-level insights into Asia Pacific architectural lighting market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Asia Pacific architectural lighting market size, by country, 2018-2030 (US$M)
Asia Pacific Architectural Lighting Market Outlook Share, 2023 & 2030 (US$M)
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