Some of the other advantages include small size, good colour rendering, high luminescence and longer operational life. In Vietnam, LEDs were initially used in traffic lights and advertising industry. However, with the increasing awareness about their advantages, they are now being used in various sectors such as residential lighting, street lighting, commercial lighting, etc. According to a new report by Expert Market Research, the Vietnam LED lighting market reached a value of US$ 229 Million in 2018 and is further expected to reach US$ 461 Million by 2024.
The production of LEDs in Vietnam has witnessed a significant growth during the year 2014-2018. This can be accredited to a number of forces. With the rising environmental concerns and increasing expenses on the generation of electricity, the Vietnamese government is encouraging the use of energy-efficient lights. The growing use of LEDs in high-tech products such as television, digital camera, smart phones and automobiles have also resulted in rising demand for LEDs in Vietnam. Moreover, urbanization, rising population, increasing disposable incomes and infrastructural development represent some of the other factors which have further facilitated the market growth.
Key findings from the report:
Click here for summary of the report with TOC: https://www.expertmarketresearch.com/reports/vietnam-led-market
Expert Market Research has analysed the Vietnam LED lighting market according to end-use, product type and top players:
Market breakup by End-use
- Residential Lighting
- Commercial Lighting
- Outdoor Lighting
Market breakup by Product Type
- LED Lamps and Modules
- LED Fixtures
- Dien Quang
- Rang Dong
Expert Market Research (EMR) is a market research and consultancy firm providing syndicated and custom research along with consultancy services to a wide clientele base which includes Fortune 1000 companies as well as small and medium enterprises. With our tailored approach, the clients gain valuable and unbiased insights that help to improve their competitive edge and realize sustainable growth.
With a keen focus on the qualitative aspect as well as accuracy of the reports, we align our resources and services as per the client’s requirement and offer a flexible engagement model that best suits their needs. We offer market intelligence across a range of industry verticals which include Pharmaceuticals, Food and Beverage, Technology, Retail, Chemical & Materials, Energy & Mining, Packaging and Agriculture.
"Vietnam LED Light Market: By Type: Panel Lights, Downlights, Floodlights, Streetlights, Tubelights, Bulbs; By Application, Residential, Commercial, Industrial; Historical Production and Consumption (2014-2018); Production and Consumption Forecast (2019-2024); SWOT Analysis; Value Chain Analysis; Vietnam LED Light Market Price Analysis; Manufacturing Process; Cost Analysis; Competitive Landscape"
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.
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.
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.
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.
Global Organic LED Market Report and Forecast 2019-2024
Global LED Light Engine Market Report and Forecast 2019-2024
Global LED Lighting Market Report and Forecast 2019-2024
Global Connected (Smart) Street Light Market Report and Forecast 2019-2024
The cost-effectiveness of LED lighting products and people’s attitude of lighting energy conservation have driven the global LED lighting market to nearly USD 70 billion in 2018. During the forecast...