Press Release

Philippines LED Lighting Market to Grow at a CAGR of 13.0% During 2024-2032, Driven by Rapid Urbanisation and Industrialisation

Philippines LED Lighting Market

According to a new report by EMR titled, ‘Philippines LED Lighting Market Report and Forecast 2024-2032’, the market attained a value of about USD 613.23 million in 2023. The market is estimated to grow at a CAGR of 13.0% in the forecast period of 2024-2032 to reach a value of around USD 1,842.11 million by 2032.

The growth of residential and commercial construction has increased the use of LED lighting for better display. One of the main reasons propelling the Philippines LED lighting market growth is the growing emphasis on energy efficiency. LED technology uses less energy, in line with national sustainability targets and cost-cutting initiatives.


In 2021, the Philippines generated around 984.00 million US dollars solely from the tourism sector. LED lights are increasingly used in hotels, restaurants, and resorts for beautification and better displays. Tourists increasingly prefer aesthetic cafes to hang out as well as to click pictures to improve their portfolio on social media. Thus, the hospitality sector focuses on beautification through LED lighting and indoor construction activities.


In February 2023, the Department of Public Works and Highays (DPWH) announced general designs for high-pressure sodium and LED solar-powered highway lighting along the national roads of the Philippines. The government body issued the standard design drawings in Department Order (DO) No. 19, Series of 2023, after the usage of solar-powered street lighting on public works projects.


Solar-powered roadway lighting is ideal for use alongside both new and existing roads due to its stability, long service life, ease of installation, safety, and, of course, energy efficiency. In order to ensure that there are enough light sources on the travelled path, the order also specifies lamp wattage, mounting height, spacing, and use of polearms based on the type, width, and number of lanes of the road, as well as intersections and merging sections that call for a higher level of illumination.


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Market Analysis by Product Type, Installation Type, and Application:

  • The market, on the basis of product type, can be divided into panel lights, down lights, street lights, tube lights, and bulbs, among others.
  • Based on installation type, the market can be divided into new installation and retrofit installation.
  • The various applications of LED lighting include commercial, residential, institutional, and industrial, among others.


Key Findings of the Report:

  • LED lights are widely employed in different areas, including shopping malls, supermarkets, hospitals, factories, and hypermarkets due to their higher energy efficiency, and longer lifespan.
  • In 2022, the tourism sector contributed 6.2% to the Philippines’ GDP. The influx of tourists strengthens the hospitality sector, which, in turn, positively influences the Philippines LED lighting market expansion.
  • Government initiatives such as the Philippine Energy Efficiency Project (PEEP) and replacing energy-wasting light bulbs with more efficient fluorescent and LED bulbs to reduce power failures create opportunities for the market.
  • In the Philippines, currently, 48% of the total population lives in urban areas. The nation is rapidly becoming more urbanised and expanding its infrastructure, which is driving up demand for innovative lighting solutions.


Key Offerings of the Report:

  • The EMR report gives an overview of the Philippines LED lighting market for the periods (2018-2023) and (2024-2032).
  • The report also offers the historical (2018-2023) and forecast (2024-2032) markets for the product types, installation types, and applications of LED lighting in the Philippines.
  • The report analyses the market dynamics, covering the key demand and price indicators in the market, along with an assessment of the SWOT and Porter’s Five Forces models.


The major players in the Philippines LED lighting market are Green Light LED Energy Solutions Inc., DG Lights, Electrobrain Enterprises, Yatai International Corporation, Firefly Electric and Lighting Corp., and Kantt LED Lighting, among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.


Key Highlights of the Report

Base Year 2023
Historical Period 2018-2023
Forecast Period 2024-2032
Scope of the Report

Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:

  • Product Type
  • Installation Type
  • Application
Breakup by Product Type
  • Panel Lights
  • Down Lights
  • Street Lights
  • Tube Lights
  • Bulbs
  • Others
Breakup by Installation Type
  • New Installation
  • Retrofit Installation
Breakup by Application
  • Commercial
  • Residential
  • Institutional
  • Industrial
  • Others
Market Dynamics
  • SWOT Analysis
  • Porter's Five Forces Analysis
  • Key Indicators for Demand
  • Key Indicators for Price
Competitive Landscape
  • Market Structure
  • Company Profiles
    • Company Overview
    • Product Portfolio
    • Demographic Reach and Achievements
    • Certifications
Companies Covered
  • Green Light LED Energy Solutions Inc.
  • DG Lights
  • Electrobrain Enterprises
  • Yatai International Corporation 
  • Firefly Electric and Lighting Corp.
  • Kantt LED Lighting
  • Others


About Us:

Expert Market Research (EMR) is a leading market research and business intelligence company, ensuring its clients remain at the vanguard of their industries by providing them with exhaustive and actionable market data through its syndicated and custom market reports, covering over 15 major industry domains. The company's expansive and ever-growing database of reports, which are constantly updated, includes reports from industry verticals like chemicals and materials, food and beverages, energy and mining, technology and media, consumer goods, pharmaceuticals, agriculture, and packaging.


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