The Asia Pacific Specialty Lighting Market would witness market growth of 10.7% CAGR during the forecast period (2020-2026). With a growing awareness of 'smart everything,' the concept of smart cities has also attracted increasing attention, which is largely the end result of all intermediary technologies. In addition, support from central/federal governments, city governments and dedicated governing bodies has been a major driver of the global market.
Therefore, the introduction of smart cities plays an important role in funding and financing models, governance structures, technological environments and advances in infrastructure. Demand for sustainable infrastructure has been a key driver for the growth of the industry as a result of increasing population and rapid urbanization. Governments around the world are trying in different ways to solve problems arising from the rapid growth in population and urbanization.
India is seeing considerable growth in the field of LED lighting, and will be one of the LED growth-driving key regions in the years to come. The drivers of this exponential development include many, including special light energy efficiency, their longevity, and consumer thinking and, most of all, government encouragement. The Government has issued a series of policies from all perspectives to support the development of the industry, the most crucial of which are the Street Light National Program (SLNP) and the Domestic Efficient Lighting Program (DELP). The objective is to minimize the share of national energy use for lighting from 18% to 13% by 2020.
Based on Light Type, the market is segmented into LED and Others. Based on Application, the market is segmented into Entertainment, Medical, Purification and Others. Medical segment is further bifurcated into Surgical Lighting and Examination. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Australia, and Rest of Asia Pacific.
Free Valuable Insights: Specialty Lighting Market in Asia Pacific is expected to register a CAGR of 10.7% during the forecast period (2020-2026)
The market research report covers theanalysis of key stake holders of the market. Key companies profiled in the report include Xylem, Inc., PerkinElmer, Inc. (Advanced Specialty Lighting), Cree, Inc., Halma PLC, Signify N.V., Ushio, Inc., Steris PLC, Integra LifeSciences Holdings Corporation, Advanced UV Light GmbH (JW Holding GmbH), and Atlantic Ultraviolet Corporation.
Market Segmentation:
By Light Type
By Application
By Country
Companies Profiled
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