Press Release
Press Release
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.
Read more about this report - REQUEST FREE SAMPLE COPY IN PDF
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.
REPORT FEATURES | DETAILS |
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:
|
Breakup by Product Type |
|
Breakup by Installation Type |
|
Breakup by Application |
|
Market Dynamics |
|
Competitive Landscape |
|
Companies Covered |
|
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.
EMR leverages its state-of-the-art technological and analytical tools, along with the expertise of its highly skilled team of over a 100 analysts and more than 3000 consultants, to help its clients, ranging from Fortune 1000 companies to small and medium sized enterprises, easily grasp the expansive industry data and help them in formulating market and business strategies, which ensure that they remain ahead of the curve.
Expert Market Research
Website: www.expertmarketresearch.com
Email: sales@expertmarketresearch.com
US & Canada Phone no: +1-415-325-5166
UK Phone no: +44-702-402-5790
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
Right People
We are technically excellent, strategic, practical, experienced and efficient; our analysts are hand-picked based on having the right attributes to work successfully and execute projects based on your expectations.
Right Methodology
We leverage our cutting-edge technology, our access to trusted databases, and our knowledge of the current models used in the market to deliver you research solutions that are tailored to your needs and put you ahead of the curve.
Right Price
We deliver in-depth and superior quality research in prices that are reasonable, unmatchable, and shows our understanding of your resource structure. We, additionally, offer attractive discounts on our upcoming reports.
Right Support
Our team of expert analysts are at your beck and call to deliver you optimum results that are customised to meet your precise needs within the specified timeframe and help you form a better understanding of the industry.