Regional distribution of LED smart lighting development
Europe is a leader in drafting safety and uniform performance standards for certain indoor commercial intelligent lighting for garages, roads and parking lots. With the continuous advancement of LED design and technology, dedicated LED lamps and LED replacement smart lamps are becoming a key growth area in the lighting industry. While existing smart lighting manufacturers continue to update their product offerings, existing manufacturers are expanding their product portfolios to enter the market. The emergence of a large number of dedicated smart lighting suppliers is especially suitable for applications such as down lights, task lighting, landscape lighting, general environmental lighting and outdoor general area lighting.
Due to the surge in demand in commercial and residential applications, the Asia-Pacific region is expected to become a prominent region. China is expected to become the largest source of income controlling the highest global market share. Due to economic growth and increasing investment in smart city projects, countries including Japan, India, and South Korea are expected to be at the forefront of smart lighting adoption. The demand for smart lighting in the Asia-Pacific region is largely affected by changes in lighting scenarios in the commercial sector. The growing number of office, retail and entertainment commercial buildings is creating opportunities for new demands for smart lighting. However, the COVID-19 pandemic is expected to curb the expected growth in demand for smart lighting.
Companies are competing for the largest distribution network to lead the market. Both traditional manufacturers and new players in the market are aware of the importance of distribution networks. Companies are investing heavily to strengthen their distribution network. For example, Kokilanje Philips N. V. makes good use of its well-established distribution network to distribute its LED products globally. The company is also trying to attract more distributors and retailers to increase its smart lighting sales.
The practice of forward and backward integration is increasing among manufacturers. For example, Chang fang and Manulife Electronics are expanding from smart light packaging to downstream applications to control costs and increase investment in distribution networks. A strong distribution network allows LED smart lights to quickly replace traditional lights. Market leaders are focusing on manufacturing affordable smart lighting products to reduce the price of LED smart lighting products, which will lead to mass adoption. Technological innovation has helped to rapidly reduce product prices and increase the penetration rate of smart lighting in the global market. Falling prices and a strong distribution network will help smart lighting products gain high demand in the market.
In general, since lamps are an integral part of smart lighting, the hardware sector is expected to achieve the highest revenue contribution in 2020. Lamps and lamps are integrated with sensors, dimmers, and other electronic components to perform controllable functions, such as changing the color tone, dimming according to the external weather, and turning on/off at a set time.
Due to the large-scale development of smart city projects in China, Japan, and South Korea, the Asia-Pacific region is expected to have the highest growth rate during the forecast period. In addition, increased investment in the installation of energy-saving smart lighting in India, Singapore, Thailand and Malaysia will drive market growth in Asian countries.