Market Size of asia pacific outdoor led lighting Industry
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Study Period | 2017 - 2030 |
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Market Size (2024) | USD 3.73 Billion |
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Market Size (2030) | USD 5.01 Billion |
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Largest Share by Outdoor Lighting | Streets and Roadways |
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CAGR (2024 - 2030) | 5.03 % |
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Largest Share by Country | Japan |
Major Players |
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*Disclaimer: Major Players sorted in no particular order |
Asia Pacific Outdoor LED Lighting Market Analysis
The Asia Pacific Outdoor LED Lighting Market size is estimated at 3.73 billion USD in 2024, and is expected to reach 5.01 billion USD by 2030, growing at a CAGR of 5.03% during the forecast period (2024-2030).
3.73 Billion
Market Size in 2024 (USD)
5.01 Billion
Market Size in 2030 (USD)
1.72 %
CAGR (2017-2023)
5.03 %
CAGR (2024-2030)
Largest Segment by Outdoor Lighting
54.49 %
value share, Streets and Roadways, 2023
Asia-Pacific is a diverse mix of rapidly emerging and developed countries that share a large, interconnected road network.
Fastest-growing Segment by Outdoor Lighting
5.76 %
Projected CAGR, Public Places, 2024-2030
The growth in theme parks, shopping malls, and other public places is increasing with the development of smart city projects.
Largest by Country
32.58 %
value share, Japan, 2023
Japan was the largest country by value share in 2022, accounting for 32.49%. Major LED lighting companies such as Toshiba, Panasonic, and Nichia are from Japan, and LED light product penetration is at its maximum in the country.
Fastest-growing Segment by Country
6.80 %
Projected CAGR, China, 2024-2030
China is the fastest-growing country, and it is projected to record a CAGR of 6.17%. China exports most of its LED lighting to India, making it the world's largest LED lighting exporter.
Leading Market Player
17.42 %
market share, Panasonic Holdings Corporation, 2022
Panasonic held the maximum market share of 17.42% in 2022 in the region. China accounted for about 11.5% of Panasonic's March 2023 sales of JPY 964.7 billion (USD 7.14 billion).
Growing number of Streets and Roadways and public places drive the LED lights in APAC.
- In terms of value share in 2023, the streets and roadways subsegment accounted for a majority of the share, followed by public places and others. Asia-Pacific is a vast region, and the majority of the countries are developing nations, due to which streets and roadways account for a majority of the transport connectivity with the region. The economic growth is majorly dependent upon this sector. Redevelopment of existing road networks and investment in expanding them are carried out at an increasing pace in the region. The LED lighting companies are collaborating with country-level governments to replace traditional street lights with LED lights. The Thai government plans to replace old lights in Bangkok with over 400,000 LED street lights, saving 70% of energy.
- In terms of volume share in 2023, the public places subsegment accounted for most of the share, followed by streets, roadways, and others. With increasing population, purchasing power, and travel and tourism, the need for parking lots has also increased over the years. The three largest markets, South Korea, China, and Japan, achieved store growth of 8.3%, 2.9%, and 2.3%, respectively. The trend in the coffee shop market is expected to increase in the alpha and beta generations, leading to massive LED demand. Further construction and development of airports are expected to increase the market demand. Examples include an airport development project in Vietnam worth USD 14.5 billion, one of the most expensive greenfield airports in the world, and a new USD 13.5 billion project funded by the conglomerate San Miguel Corporation (SMC). For example, the Manila International Airport (NMIA) is under construction.
Government programs to promote LED lights undertaken in India, China, Japan, and other APAC countries are expected to boost the outdoor LED lighting market
- In terms of value share, in 2022, Japan accounted for the majority of the market share, followed by India, China, and the Rest of Asia-Pacific. The Japanese government has replaced incandescent bulbs with energy-efficient LED lighting systems to address the problem of power shortages. The expansion of the Japanese consumer electronics sector has also increased the use of LED lighting in smartphones, feature phones, digital video cameras, and other electronic devices. These lights are also used in the automotive, general lighting, traffic lights and signs, medical, academic, and forensic industries. The Japanese government offers various incentives and subsidy programs to promote the introduction of LED lighting in the country. Rapid advances in LED technology have led manufacturers to introduce innovative lighting products with increased efficiency and durability.
- In terms of volume share, in 2022, Japan accounted for the majority of the market share, followed by India, China, and the Rest of Asia-Pacific. The UJALA program has transformed the LED lighting industry in India. Demand for LED lamps increased 50-fold in the three years after 2014, but retail market prices (for lamps sold outside UJALA) fell by a third. This price drop was due to economies of scale achieved by a significant increase in demand from the UJALA program in parallel with the global trend of falling LED chip prices. The production capacity of LED lamps in India has also increased significantly, with around 176 registered manufacturing facilities.
- In the Rest of Asia-Pacific, countries are gaining momentum in the adoption of LED lights in their indoor and outdoor segments. Thus, with rising adoption, LED penetration in Asia-Pacific is expected to increase over the forecast period.
Asia Pacific Outdoor LED Lighting Industry Segmentation
Public Places, Streets and Roadways, Others are covered as segments by Outdoor Lighting. China, India, Japan are covered as segments by Country.
- In terms of value share in 2023, the streets and roadways subsegment accounted for a majority of the share, followed by public places and others. Asia-Pacific is a vast region, and the majority of the countries are developing nations, due to which streets and roadways account for a majority of the transport connectivity with the region. The economic growth is majorly dependent upon this sector. Redevelopment of existing road networks and investment in expanding them are carried out at an increasing pace in the region. The LED lighting companies are collaborating with country-level governments to replace traditional street lights with LED lights. The Thai government plans to replace old lights in Bangkok with over 400,000 LED street lights, saving 70% of energy.
- In terms of volume share in 2023, the public places subsegment accounted for most of the share, followed by streets, roadways, and others. With increasing population, purchasing power, and travel and tourism, the need for parking lots has also increased over the years. The three largest markets, South Korea, China, and Japan, achieved store growth of 8.3%, 2.9%, and 2.3%, respectively. The trend in the coffee shop market is expected to increase in the alpha and beta generations, leading to massive LED demand. Further construction and development of airports are expected to increase the market demand. Examples include an airport development project in Vietnam worth USD 14.5 billion, one of the most expensive greenfield airports in the world, and a new USD 13.5 billion project funded by the conglomerate San Miguel Corporation (SMC). For example, the Manila International Airport (NMIA) is under construction.
| Outdoor Lighting | |
| Public Places | |
| Streets and Roadways | |
| Others |
| Country | |
| China | |
| India | |
| Japan | |
| Rest of Asia-Pacific |
Asia Pacific Outdoor LED Lighting Market Size Summary
The Asia Pacific Outdoor LED Lighting Market is experiencing significant growth, driven by the region's rapid urbanization and infrastructure development. The market is characterized by a shift from traditional lighting solutions to energy-efficient LED systems, particularly in the streets and roadways subsegment, which holds a substantial value share. This transition is supported by government initiatives and collaborations with LED lighting companies to enhance energy efficiency and reduce costs. The demand for LED lighting is further bolstered by the expansion of public places, increased travel and tourism, and the construction of new airports and stadiums. Countries like China, India, and Japan are at the forefront of this growth, with substantial investments in infrastructure and sports facilities, which are expected to drive the market further.
In terms of market dynamics, Japan leads in both value and volume share, with significant government support and technological advancements in LED products. The UJALA program in India has notably transformed the LED lighting landscape, leading to increased production capacity and reduced retail prices. The construction boom in the region, fueled by population growth and urbanization, is also contributing to the rising demand for LEDs. The automotive sector's expansion, particularly in China, adds to the market's growth trajectory. The market is moderately consolidated, with key players like Guangdong PAK Corporation, Nichia Corporation, OPPLE Lighting, Panasonic Holdings, and Signify Holding (Philips) playing pivotal roles in shaping the industry's future.
Asia Pacific Outdoor LED Lighting Market Size - Table of Contents
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1. MARKET SEGMENTATION (includes market size in Value in USD and Volume, Forecasts up to 2030 and analysis of growth prospects)
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1.1 Outdoor Lighting
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1.1.1 Public Places
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1.1.2 Streets and Roadways
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1.1.3 Others
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1.2 Country
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1.2.1 China
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1.2.2 India
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1.2.3 Japan
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1.2.4 Rest of Asia-Pacific
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Asia Pacific Outdoor LED Lighting Market Size FAQs
How big is the Asia Pacific Outdoor LED Lighting Market?
The Asia Pacific Outdoor LED Lighting Market size is expected to reach USD 3.73 billion in 2024 and grow at a CAGR of 5.03% to reach USD 5.01 billion by 2030.
What is the current Asia Pacific Outdoor LED Lighting Market size?
In 2024, the Asia Pacific Outdoor LED Lighting Market size is expected to reach USD 3.73 billion.
