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Asia Pacific Smart Lighting Market to Exceed Valuation of US$ 11,159.4 million by 2030 | Astute Analytica



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New Delhi, Feb. 02, 2023 (GLOBE NEWSWIRE) — The Asia Pacific region has been identified as the fastest-growing region for the Smart Lighting Market. This is the result of increasing consumer demand for energy-efficient lighting solutions for households, commercial establishments, and industrial applications. As per Astute Analytica, the region is expected to witness a significant growth owing to the increasing adoption of LED lighting products, rising awareness of energy efficiency, and the proliferation of IoT technologies. The increasing demand for smart lighting solutions in the region is further fueled by the rising urbanization, and advancements in the internet connected devices.

The Asia pacific smart lighting market is projected to reach USD 11,159.4 million by 2030, growing at a CAGR of 12.6% from 2023-2030. This impressive growth is attributed to the increasing use of smart lighting in commercial and industrial settings, which in turn has resulted in high demand for wired connectivity in this market. Furthermore, the market is expected to witness higher adoption of smart technologies such as Internet of Things (IoT), Artificial Intelligence (AI) and Machine Learning (ML) in the coming years.

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Smart lighting technologies offer numerous benefits such as energy efficiency, cost savings, improved safety and convenience, and enhanced lighting control. Moreover, advancements in the LED technology have provided an impetus to the growth of the Asia Pacific smart lighting market. The proliferation of connected devices, such as smartphones and tablets, has further contributed to the growth of this market. Additionally, the increasing penetration of smart homes, offices, and commercial establishments has further bolstered the market for smart lighting in this region.

Wired Smart Lighting Market Generated Over 59% Market Revenue

Wired smart lighting generated over 59% of the revenue in the smart lighting market in 2022. The reason behind its success can be attributed to several factors such as stability, reliability, and established infrastructure. From a business point of view, wired smart lighting provides several advantages. Firstly, wired lighting systems are known for their stability and reliability compared to wireless systems, making them a popular choice for large-scale installations like commercial buildings and industrial facilities.

Another advantage of wired smart lighting is that the existing infrastructure for wired lighting systems provides a foundation for companies to upgrade to smart lighting. The infrastructure can be easily upgraded to include smart features like remote control and automation without significant changes to the wiring.

The trend towards energy-efficient lighting solutions is also driving demand for wired smart lighting market. Wired smart lighting systems provide more efficient lighting compared to traditional lighting systems and offer features that allow for greater energy savings like scheduling and occupancy detection. Finally, the trend towards smart buildings and the Internet of Things (IoT) is driving demand for integrated and automated systems that can be controlled and monitored from a central location. Wired smart lighting systems offer the stability and reliability needed to support these large-scale, integrated systems.

Compact Fluorescent Lamps to Offer Revenue Opportunity Worth $42.92 Billion in Asia Pacific Smart Lighting Market

The smart compact fluorescent lamp market is poised for substantial growth, with our analysts projecting a revenue opportunity worth $42.92 billion by 2030. The increasing demand for energy-efficient lighting solutions, along with the growing adoption of smart home technology, is driving the growth of this market.

Smart compact fluorescent lamps are energy-efficient lighting solutions that offer features such as remote control, voice control, and scheduling options. These features make them an attractive option for consumers looking to reduce their energy consumption and costs.

The growth of the smart home industry is also playing a significant role in the growth of the smart compact fluorescent lamp market. The integration of smart lighting with other smart home devices, such as thermostats and security systems, is making it easier for consumers to manage and control their home lighting. Additionally, the increasing awareness of the environmental impact of energy consumption is driving the adoption of energy-efficient lighting solutions, such as smart compact fluorescent lamps. The demand for these products is also being driven by government incentives and regulations aimed at reducing energy consumption.

China is at the Forefront of Asia Pacific Smart Lighting Market and is Projected to Grow at the Highest CAGR of 14.5%

In terms of countries, China and India will be the major contributors to the growth of the Asia Pacific smart lighting market. China is likely to remain the leader in the Asia Pacific region, with its continuous advancements in the Internet of Things technology and its growing urban population. Additionally, the country is witnessing significant investments in the Smart Lighting sector for efficient use of energy and improved safety standards.

Other key markets in the Asia Pacific smart lighting market include Japan, Australia, South Korea, and the Southeast Asian countries, with high demand for smart home, commercial, and industrial applications. These countries are also focusing on creating an efficient lighting infrastructure. For instance, South Korea is investing in energy-efficient lighting solutions that can improve lighting quality and reduce energy consumption.

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Competitive Landscape: Top 5 Players Generates Over 60% Revenue Share of Asia Pacific Smart Lighting Market

The market is dominated by key players like Syska, Philips (Signify), Crompton, Halonix, Havells, Bajaj, Orient, and GE Lighting, among others. According to our analysis, the top five players hold over 60% of the market share. Leading players in the market offer a variety of products including LEDs, smart bulbs, and sensors. They have deployed their products in countries like China, Japan, and Australia.

These companies are focused on providing innovative and efficient smart lighting solutions that meet the needs and expectations of consumers. They aim to offer products that improve energy efficiency and convenience.

Philips, Halonix, Havells, and Bajaj are some of the leading companies in the Asia Pacific smart lighting market. All of these companies offer a wide range of products and services for the smart lighting sector. Philips is one of the top players in the industry, with a wide range of products including LED fixtures, connected lighting solutions, and networked dimming systems. Their products have high energy efficiency and are designed to integrate easily into any home or business environment.

Halonix provides a variety of high-quality lighting products that are designed to meet the lighting needs of businesses and homes. They offer LED products, connected lighting solutions, and intelligent dimming solutions. Their products are designed to provide energy efficiency and sustainability.

Havells is another leading player in the Asia Pacific smart lighting market. They provide a wide range of lighting solutions including LED fixtures, connected lighting solutions, and dimming solutions. Their products offer high energy efficiency and are designed for easy integration into any environment.

Some of the Top Market Players Are:

  • Lightning Fixtures
    • Syska
    • Philips
    • Crompton
    • Halonix
    • Havells
    • Bajaj
    • Orient
    • Other Prominent Players
  • Software and System Provider
    • Wipro
    • Street Light Vision (SLV)
    • Virtual Extension
    • Ayla Netwoks
    • PureLiFI
    • Dhyan (The device monitoring & Management)
    • Other Prominent Players
  • Devices, Hardware Installer, System Installer
    • Honeywell International
    • Eaton Corporation
    • Schneider Electric SA
    • Other Prominent Players

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About Astute Analytica

Astute Analytica is a global analytics and advisory company which has built a solid reputation in a short period, thanks to the tangible outcomes we have delivered to our clients. We pride ourselves in generating unparalleled, in depth and uncannily accurate estimates and projections for our very demanding clients spread across different verticals. We have a long list of satisfied and repeat clients from a wide spectrum including technology, healthcare, chemicals, semiconductors, FMCG, and many more. These happy customers come to us from all across the Globe. They are able to make well calibrated decisions and leverage highly lucrative opportunities while surmounting the fierce challenges all because we analyze for them the complex business environment, segment wise existing and emerging possibilities, technology formations, growth estimates, and even the strategic choices available. In short, a complete package. All this is possible because we have a highly qualified, competent, and experienced team of professionals comprising of business analysts, economists, consultants, and technology experts. In our list of priorities, you-our patron-come at the top. You can be sure of best cost-effective, value-added package from us, should you decide to engage with us.

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Belgian Commitment to Partnership Supports a New Frontier of Europe-US Space Research




BRUSSELS, Dec. 10, 2023 /PRNewswire/ — Belgian Prime Minister Alexander De Croo has travelled to Houston, United States, to meet Raphaël Liégeois, the Belgian career astronaut selected as part of the European Space Agency (ESA) astronaut class of 2022. De Croo’s visit coincides with the ESA cohort’s familiarisation trip to NASA’s Johnson Space Centre, which is the precursor to a further two years of training, delivered in Houston, to prepare the astronauts for their respective missions on the International Space Station. The visit signals a new phase of the long-standing collaboration between Europe and the United States on space research and exemplifies Belgium’s commitment to partnerships in facing global challenges.

Belgium’s expertise in aerospace, and in science more generally, is internationally recognised – in terms of both training and industry. Belgium is a founding member of the ESA and its fifth-largest funder. The country’s support of the ESA shows its commitment to shaping the development of Europe’s space capability and ensuring that investment in space continues to deliver benefits to the citizens of Europe and the world.
“For Belgians, the sky isn’t the limit, the universe is,” said De Croo. “Today, we are very proud to see Raphaël take this important step in his career as an astronaut. He will be an important role model for many generations of STEM students to come. Space research and innovation hold particular importance for Belgium; they are powerful economic drivers which foster the growth of high-tech industries and create jobs – as evidenced by the number of Belgian companies on the cutting edge of aeronautics.” 
The 17 members of the ESA astronaut class of 2022 were selected from a pool of over 23,000 applicants. The process, designed to bring together the finest scientific minds that Europe has to offer, took place over a period lasting 18 months.
The selection of Raphaël Liégeois is testament to Belgium’s focus on embracing openness, driven by innovation, partnerships, and diversity, to create solutions that drive progress for all.
About Belgium
Located in the heart of Europe, Belgium is one of the most open economies in the world, counting 11.5 million people with a reputation for innovation, hard work, partnership, and multilingualism. Strategically located between Germany, the Netherlands, France, and Luxembourg, and only a stone’s throw from the UK, it lies at the centre of the richest and most densely populated area in Europe. A member of the European Union, Belgium enjoys full access to the world’s most advanced single market and customs zone which ensures extensive frictionless trade.
Belgium boasts a highly developed transport infrastructure, including the second largest seaport in Europe (Antwerp). Belgium is home to world-leading research and innovation facilities, multinational corporations, and artisanal businesses supported by the investor-centric approach of public services.
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Savory & Partners: Digital Nomad Visas Sparking a Migration Boom




DUBAI, UAE, Dec. 9, 2023 /PRNewswire/ — The simplicity and lax requirements of digital nomad visas have made them easily accessible, and countries like Portugal and Spain, which have excellent infrastructure, great internet connection, and an outstanding standard of living, draw in more digital nomads by the day, according to experts at Dubai-headquartered citizenship and residency by investment advisors Savory and Partners.

A recent research quoted by the company estimates that there are 16.9 million digital nomads roaming the globe. This is a whopping 162% increase from 2019, just four years earlier.
As soon as Portugal introduced its digital nomad visa in October of 2022, the applications started pouring in. While the government hasn’t announced the number of applications it has received, Portugal’s Labour Minister did announce that the country approved 550 applications within the first six months.
Two months after launching its visa in September of 2021, Greece received 2,918 applications, approving an astonishing 1,693 applicants. The government is yet to release any new statistics, but going off that outstanding start it is safe to assume it is still garnering massive attention.
Germany also boasts impressive numbers, having issued a total of 3,638 visas in just one year since the introduction of its visa in 2018.
According to Residency Malta, the government branch responsible for the digital nomad visa, it has issued 1,041 visas to date, with an average approval rate of 78%.
Croatia, one of the first countries to introduce a pure digital nomad visa in early 2021 as a response to the rise in remote workers, has approved 680 applications, while 672 are still pending approval.
Not just Europe
“It’s not just Europe but even Barbados’ digital nomad visa, dubbed the Welcome Stamp, has been doing outstandingly well, receiving a total of 3,511 applications between 2020 and 2022”, a digital nomad specialist at Savory & Partners reports.
While digital nomads typically use visa-free access or visas to stay in countries for a few months at a time before moving on to the next, digital nomad visas provide a sense of comfort and stability that aligns perfectly with their lifestyle, giving them ample time to enjoy the country they are in before moving on to the next.
Unsurprising demand
The rapid growth in application numbers and the surging demand for digital nomad visas isn’t surprising. They are extremely simple to apply to, have fast processing times ranging from a few days to a couple of months, and they do not require any business establishment or investment.
Portugal’s digital nomad visa, for example, only requires applicants to prove a monthly income of €3,040 per month, while Spain’s visa has a lower threshold of just €2,160 per month.
Savory & Partners is an accredited agent for multiple governments where citizenship by investment is offered. The company has coverage in over 20 jurisdictions, including Europe and was the first firm to obtain all five authorised agent licenses for the governments of the Caribbean Islands. It has processed second passports for over 4,000 citizens with a 100 per cent success rate.
With a presence in 3 continents and 7 countries and more than 60 experts worldwide, the company’s multinational staff comprises advisors who guide clients in English, Arabic, Farsi, French, Spanish and Hindi.
To know more about Savory & Partners, visit
For more information, please send an email to [email protected] can also call +971 04 430 1717 or send a WhatsApp message to +971 54 440 2955.
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Robotic Lawn Mower Market to Reach $2.4 Billion, by 2032 at 10.9% CAGR: Allied Market Research




The increasing demand for smart appliances for garden maintenance by global consumers, along with the development of IOT enabled features is fueling the growth of the robotic lawn mower market.
WILMINGTON, Del., Dec. 8, 2023 /PRNewswire/ — Allied Market Research published a report, titled, “Robotic Lawn Mower Market by Range (Low-Range Robotic Lawn Mower, Medium-Range Robotic Lawn Mower, and High-Range Robotic Lawn Mower), End User (Residential User and Commercial User), and Distribution Channel (Retail and Online): Opportunity Analysis and Industry Forecast, 2023-2032”. According to the report, the global robotic lawn mower market size was valued at $838.5 million in 2022, and is projected to reach $2.4 billion by 2032, growing at a CAGR of 10.9% from 2023 to 2032.

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Prime determinants of growth
The robotic lawn mower market is driven by factors such as increase in demand for automation, rise in advancements for technology, and increase in popularity of online platforms. However, the rise in regular maintenance and repair costs restricts market growth. Moreover, the increase in demand for rental robotic lawn mowers offers new opportunities in the coming years.
Report coverage & details:
Report Coverage
Forecast Period
Base Year
Market Size in 2022
$838.5 million
Market Size in 2032
$2.4 billion
10.9 %
No. of Pages in Report
Segments covered
Range, End User, Distribution Channel, and Region
Increase in demand for automation
Rise in advancements for technology
Reduction in the labor costs
Increase in demand for rental robotic lawn mowers
Growth in the adoption of internet of things
Declining Cost of Batteries/Fuel Cells
Less adoption in developing markets
Regular maintenance and repair costs
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The medium range robotic lawn mower segment to maintain its leadership status throughout the forecast period
Based on range, the medium range robotic lawn mower segment dominated the market in 2022 accounting for more than half of the market share and is expected to dominate the market during the forecast period. This segment is projected to manifest the highest CAGR of 10.4% from 2023 to 2032, owing to the increase in residential and commercial spaces such as buildings, corporate spaces, sports centers, and public parks, which has fueled the requirement for medium range robotic lawn mowers.
The residential segment to maintain its leadership status throughout the forecast period
Based on end user, the residential segment dominated the market in 2022 accounting for less than three-fourths of the market share and is expected to dominate the market during the forecast period. This segment is projected to manifest the highest CAGR of 10.7% from 2023 to 2032, owing to the increase in the demand for low and medium range robotic lawn mowers in the residential sector due to the increased requirement for lawn care and maintenance.
The retail segment to maintain its lead position during the forecast period
On the basis of the distribution channel, the retail segment dominated the market in 2022 accounting for less than half of the market share and is expected to maintain its dominance during the forecast period. The increased demand for ecologically friendly and sustainable robotic lawn mowers, which is being driven by the rising awareness of environmental challenges, is one of the main factors boosting retail sales.
Europe to maintain its dominance by 2032
Based on region, Europe held the highest market share in terms of revenue in 2022, accounting for less than two-fifths of the market share and is expected to maintain its dominance during the forecast period. The growing popularity in artificial intelligence for performing day-to-day activities with higher efficiency is among the primary factors driving the Europe robotic lawn mower market.
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Leading Market Players: –
Robert Bosch GmbHHusqvarna ABHonda Motor Co., Ltd.Zucchetti Centro Sistemi S.p.A.Stiga C S.a.r.l.Andreas Holding AG & Co. KGPositec Tool CorporationWiper S.R.L.Suzhou Cleva Electric Appliance Co., Ltd.Stanley Black & Decker, Inc.The report provides a detailed analysis of these key players in the robotic lawn mower market. These players have adopted different strategies such as acquisition, partnerships, and new product launches to increase their market share and maintain dominant shares in the market. The report is valuable in highlighting business performance, operating segments, product portfolio, and strategic moves of market players to showcase the competitive scenario.
Read More Trending “AMR Exclusive Insights:
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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Wilmington, Delaware. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
Pawan Kumar, the CEO of Allied Market Research, is leading the organization toward providing high-quality data and insights. We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
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