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Philippines LED Lighting Market

Philippines LED Lighting Market Size, Growth, Forecast: By Product Type: Panel Lights, Down Lights, Street Lights, Tube Lights, Bulbs, Others; By Installation Type: New Installation, Retrofit Installation; By Application: Commercial, Residential, Institutional, Industrial, Others; Market Dynamics; Competitive Landscape; 2024-2032

Philippines LED Lighting Market Size

The Philippines LED lighting market reached a value of USD 613.23 million in the year 2023. The Philippines LED lighting industry is further expected to grow at a CAGR of 13.0% between 2024 and 2032 to reach a value of almost USD 1,842.11 million by 2032.

 

Philippines LED Lighting Market Outlook

  • In 2022, the total amount of electronic exports from the Philippines reached USD 43.55 billion, which included devices incorporated with LED lights. Additionally, the total trade balance of electronic exports in the Philippines was USD 11 billion in 2022.
  • In January 2023, the top five export destinations for electronics from the Philippines were Hong Kong, USA, China, Singapore, and Japan.
  • As per industry reports, electronics exports in March 2023 rose by 27.35% to USD 3.83 billion.

 

Philippines LED Lighting Market

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Philippines LED Lighting Market Growth

A light-emitting diode (LED) is a light source that uses active semiconductors and electroluminescence to radiate light. It consists of a semiconductor crystal with reflectors to illuminate the emitted light. It is illuminated when an electric current circulates through the microchip.

 

The Philippines LED lighting market expansion is expected to be driven by the favourable government initiatives in the country. LED lights are increasingly being used in modern architecture and offer limited glare and flicker-free operations. Due to this, the LED lights are broadly used in a wide range of applications, such as refrigerator display cases, smartphones, advertising display boards across hotels, hospitals, factories, office buildings, shopping complexes, and hypermarkets and supermarkets. These lights are extensively replacing incandescent light bulbs in the Philippines as they are relatively efficient, have extended life span, and reduces energy expenditure.

 

Key Trends and Developments

Increasing adoption of LEDs in modern architecture, rising environmental consciousness, government initiatives, and technological advancements are impacting the Philippines LED lighting market outlook

 

May 2024

Victorian bridge lanterns are set to be upgraded with LEDs to enhance their illumination. The upgrade, valued at approximately EUR 15,000, will be funded from the Footway Lighting budget of the Labour-led authority. The project reflects economy’s focus on sustainable advancements.

 

May 2024

Daniel Padilla opened J Castles theme park in Batangas, featuring immersive zones with LED technology. The Studio Castle includes the Infinity LED Room, which enhances the visual experience and adds a futuristic touch to the park.

 

Increasing adoption of LEDs in modern architecture

LED lights are being increasingly integrated into various infrastructure projects, such as the Cebu-Cordova Link Expressway, the Mactan-Cebu International Airport, and the SM Mall of Asia complex, due to their efficiency, durability, and reduced maintenance costs.

 

Technological advancements and smart lighting

The LED lighting market in the Philippines is witnessing the launch of innovative products with enhanced efficiency, longevity, and advanced features. Moreover, the market is embracing digitalisation and smart lighting solutions. The Philips Hue smart lighting system allows users to control their lighting through a mobile app.

 

Rising environmental consciousness

The rising emphasis on environmental sustainability is another key trend fuelling the adoption of LED lighting in the Philippines. LED lights are contributing to reduced carbon footprints, which aligns with the country's commitment to energy conservation and sustainable development.

 

Government initiatives and regulations

Initiatives such as the DOE's Energy Efficiency and Conservation Roadmap 2019-2040 and the National Renewable Energy Program aim to promote the use of energy-saving technologies like LEDs. This trend aligns with Philippine government's commitment to energy efficiency and sustainability.

 

Philippines LED Lighting Market Trends

The market is being aided by the rising investments in the residential and non-residential sectors by numerous private and foreign key players, further increasing the uptake of LED lights in the country. The use of LEDs offers multiple benefits, such as energy efficiency and cost-effectiveness to the customers, providing impetus to the Philippines LED lighting market growth.

 

The market is further driven by the effective campaigns and awareness programs undertaken by the government to encourage the use of energy-efficient lighting systems. For instance, the Government Energy Management Program (GEMP) was initiated by the government so that the Department of Energy can collect and monitor data relating to electricity usage from several government entities, such as hospitals, and educational institutions, and offer strategies to better equip these establishments with more energy-efficient infrastructure. The manufacture, sale, imports, and use of incandescent light bulbs are forbidden by the government, which further bolsters the market growth in the country.

 

Philippines LED Lighting Market By Application

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Philippines LED lighting Industry Segmentation

The EMR’s report titled “Philippines LED Lighting Market Report and Forecast 2024-2032” offers a detailed analysis of the market based on the following segments:

 

Market Breakup by Product Type

  • Panel Lights
  • Down Lights
  • Street Lights
  • Tube Lights
  • Bulbs
  • Others

 

Market Breakup by Installation Type

  • New Installation
  • Retrofit Installation

 

Market Breakup by Application

  • Commercial
  • Residential
  • Institutional
  • Industrial
  • Others

 

Philippines LED Lighting Market Share

The residential segment holds the largest share, driven by consumer demand for energy-efficient and cost-effective lighting solutions

LED lights are widely used in retail stores, offices, hotels, restaurants, and other commercial establishments. They offer advantages such as energy efficiency, long lifespan, and improved lighting quality, making them an attractive choice for businesses looking to reduce operating costs and enhance their premises. The growing number of commercial developments and the need for modern, sustainable lighting solutions are driving the adoption of LED lights in this segment.

 

The residential segment accounts for the largest market share in the Philippines LED lighting market. LED lights are increasingly being used in homes for general illumination, task lighting, and decorative purposes. Consumers are attracted to the energy savings, long lifespan, and wide range of color options offered by LED lights. The rising environmental consciousness among homeowners and the availability of affordable LED bulbs are further boosting the demand in this segment.

 

As per Philippines LED lighting market analysis, Institutional buildings, such as schools, hospitals, and government facilities, are also adopting LED lighting solutions in the Philippines. LED lights provide improved lighting quality, energy efficiency, and reduced maintenance costs, which are crucial factors for these institutions. The growing emphasis on energy conservation and sustainability in the public sector is driving the adoption of LED lights in this segment.

 

Panel and tube LED lights are high in demand due to their higher energy efficiency, longer lifespan, and reduced maintenance costs

Streetlights are an important application of LED technology in the Philippines. As the country undergoes rapid urbanisation and infrastructure expansion, the demand for advanced lighting solutions for roads, bridges, and public spaces is increasing. The government's commitment to energy efficiency and sustainability is also driving the adoption of LED streetlights through various initiatives and policies.

 

However, panel lights are expected to hold the largest Philippines LED lighting market share due to their versatility in colour temperature and ability to produce even illumination. Advances in LED technology have permitted the manufacture of slim and lightweight panels that can be easily fitted into a variety of spaces. Panel lights are often used in commercial and professional environments because they provide a bright and visually pleasing illumination. They are also used in private homes to replace traditional lighting fixtures with more modern, energy-efficient lighting solutions.

 

Tube lights are a popular choice for indoor lighting in the Philippines and they are commonly used in offices, schools, hospitals, and industrial facilities. LED tube lights offer significant advantages over traditional fluorescent tubes, such as higher energy efficiency, longer lifespan, and reduced maintenance requirements. As businesses and institutions seek to optimise their energy consumption, the demand for LED tube lights is expected to grow in the coming years.

 

Philippines LED Lighting Market By Region

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Leading Companies in the Philippines LED Lighting Market

Market players are focused on strategically leveraging several initiatives to establish their prominence and meet evolving consumer demands

 

Green Light LED Energy Solutions Inc. was founded in 2012 and is headquartered at Ayala Alabang, Philippines. Specialising in LED lighting solutions, the company offers a diverse range of products including LED bulbs, LED signage modules, LED streetlamps, and LED tubes.

 

Yatai International Corporation was established in 1996 and is based in Manila, Philippines. It is actively involved in the lighting & electrical industry, focusing on research and development, manufacturing, sales, and branding under one roof. They are committed to delivering safe, innovative, customer-centric, eco-friendly, and superior lightings.

 

Firefly Electric and Lighting Corporation, also known as FELCO, was established in 2001. The company is based in Bicol, Philippines. It offers a wide range of products including lighting, electrical products, energy-efficient lighting, sustainable lighting, decorative lighting, smart lighting, and outdoor lighting solutions.

 

Kantt LED Lighting is a company that specialises in high-quality and affordable LED lights and electrical supplies. The company was founded in 2018 and is based in Manila, Philippines. It offers a range of lighting products, including the "Kantt Lighting Daylight LED Surface Square Downlight" available in 6W, 12W, and 18W variants.

 

Other key players in the Philippines LED lighting market include DG Lights and Electrobrain Enterprises, among others.

 

Key Highlights of the Report

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:

  • 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
Report Price and Purchase Option Explore our purchase options that are best suited to your resources and industry needs.
Delivery Format Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option.

 

*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.

1    Preface
2    Report Coverage – Key Segmentation and Scope
3    Report Description

    3.1    Market Definition and Outlook
    3.2    Properties and Applications
    3.3    Market Analysis
    3.4    Key Players
4    Key Assumptions
5    Executive Summary

    5.1    Overview
    5.2    Key Drivers
    5.3    Key Developments
    5.4    Competitive Structure
    5.5    Key Industrial Trends
6    Philippines LED Lighting Market Snapshot
7    Opportunities and Challenges in the Market
8    Philippines Lighting Market Overview

    8.1    Key Industry Highlights
    8.2    Philippines Lighting Historical Market (2018-2023) 
    8.3    Philippines Lighting Market Forecast (2024-2032)
    8.4    Philippines Lighting Market by Technology
    8.5    Philippines Lighting Market by Application
9    Philippines LED Lighting Market Analysis
    9.1    Key Industry Highlights
    9.2    Philippines LED Lighting Historical Market (2018-2023) 
    9.3    Philippines LED Lighting Market Forecast (2024-2032)
    9.4    Philippines LED Lighting Market by Product Type
        9.4.1    Panel Lights
            9.4.1.1    Historical Trend (2018-2023)
            9.4.1.2    Forecast Trend (2024-2032)
        9.4.2    Down Lights
            9.4.2.1    Historical Trend (2018-2023)
            9.4.2.2    Forecast Trend (2024-2032)
        9.4.3    Street Lights
            9.4.3.1    Historical Trend (2018-2023)
            9.4.3.2    Forecast Trend (2024-2032)
        9.4.4    Tube Lights
            9.4.4.1    Historical Trend (2018-2023)
            9.4.4.2    Forecast Trend (2024-2032)
        9.4.5    Bulbs
            9.4.5.1    Historical Trend (2018-2023)
            9.4.5.2    Forecast Trend (2024-2032)
        9.4.6    Others
    9.5    Philippines LED Lighting Market by Installation Type
        9.5.1    New Installation
            9.5.1.1    Historical Trend (2018-2023)
            9.5.1.2    Forecast Trend (2024-2032)
        9.5.2    Retrofit Installation
            9.5.2.1    Historical Trend (2018-2023)
            9.5.2.2    Forecast Trend (2024-2032)
    9.6    Philippines LED Lighting Market by Application
        9.6.1    Commercial
            9.6.1.1    Historical Trend (2018-2023)
            9.6.1.2    Forecast Trend (2024-2032)
        9.6.2    Residential
            9.6.2.1    Historical Trend (2018-2023)
            9.6.2.2    Forecast Trend (2024-2032)
        9.6.3    Institutional
            9.6.3.1    Historical Trend (2018-2023)
            9.6.3.2    Forecast Trend (2024-2032)
        9.6.4    Industrial
            9.6.4.1    Historical Trend (2018-2023)
            9.6.4.2    Forecast Trend (2024-2032)
        9.6.5    Others
10    Market Dynamics
    10.1    SWOT Analysis
        10.1.1    Strengths
        10.1.2    Weaknesses
        10.1.3    Opportunities
        10.1.4    Threats
    10.2    Porter’s Five Forces Analysis
        10.2.1    Supplier’s Power
        10.2.2    Buyers Power
        10.2.3    Threat of New Entrants
        10.2.4    Degree of Rivalry
        10.2.5    Threat of Substitutes
    10.3    Key Indicators for Demand
    10.4    Key Indicators for Price
11    Value Chain Analysis
12    Price Analysis
13    Government Regulations
14    Strategic Recommendations
15    Competitive Landscape

    15.1    Market Structure
    15.2    Company Profiles
        15.2.1    Green Light LED Energy Solutions Inc.  
            15.2.1.1    Company Overview
            15.2.1.2    Product Portfolio
            15.2.1.3    Demographic Reach and Achievements
            15.2.1.4    Certifications
        15.2.2    DG Lights   
            15.2.2.1    Company Overview
            15.2.2.2    Product Portfolio
            15.2.2.3    Demographic Reach and Achievements
            15.2.2.4    Certifications
        15.2.3    Electrobrain Enterprises  
            15.2.3.1    Company Overview
            15.2.3.2    Product Portfolio
            15.2.3.3    Demographic Reach and Achievements
            15.2.3.4    Certifications
        15.2.4    Yatai International Corporation  
            15.2.4.1    Company Overview
            15.2.4.2    Product Portfolio
            15.2.4.3    Demographic Reach and Achievements
            15.2.4.4    Certifications
        15.2.5    Firefly Electric and Lighting Corp.   
            15.2.5.1    Company Overview
            15.2.5.2    Product Portfolio
            15.2.5.3    Demographic Reach and Achievements
            15.2.5.4    Certifications
        15.2.6    Kantt LED Lighting  
            15.2.6.1    Company Overview
            15.2.6.2    Product Portfolio
            15.2.6.3    Demographic Reach and Achievements
            15.2.6.4    Certifications
        15.2.7    Others
16    Key Trends and Developments in the Market

 

List of Key Figures and Tables

1.    Philippines LED Lighting Market: Key Industry Highlights, 2018 and 2032
2.    Philippines LED Lighting Historical Market: Breakup by Product Type (USD Million), 2018-2023
3.    Philippines LED Lighting Market Forecast: Breakup by Product Type (USD Million), 2024-2032
4.    Philippines LED Lighting Historical Market: Breakup by Application (USD Million), 2018-2023
5.    Philippines LED Lighting Market Forecast: Breakup by Application (USD Million), 2024-2032
6.    Philippines LED Lighting Historical Market: Breakup by Installation Type (USD Million), 2018-2023
7.    Philippines LED Lighting Market Forecast: Breakup by Installation Type (USD Million), 2024-2032
8.    Philippines LED Lighting Market Structure

Key Questions Answered in the Report

In 2023, the Philippines LED lighting market attained a value of nearly USD 613.23 million.

The market is expected to grow at a CAGR of 13% between 2024 and 2032.

The market is estimated to witness a healthy growth in the forecast period of 2024-2032 and reach a value of about USD 1,842.11 million.

The major drivers of the market include increasing adoption of LED lighting in modern architecture, rising investments in residential and non-residential construction activities, and the growing environmental consciousness.

Key trends aiding market expansion include the growing awareness regarding the benefits of LED lighting, effective campaigns and awareness programs introduced by the government, and the introduction of stringent government regulations regarding the use of incandescent lights.

The major product types in the market are panel lights, down lights, street lights, tube lights, and bulbs, among others.

Commercial, residential, institutional, and industrial, among others, are the significant applications of LED lighting in the market.

New installation and retrofit installation are the dominant installation types of LED lighting.

Key players in the 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.

Analyst Review

The Philippines LED lighting market attained a value of USD 613.23 million in 2023 driven by the growing eco-consciousness and restrictions on the sale of incandescent bulbs. Aided by the growing investment by public and private players in the construction industry, the market is expected to witness a further growth in the forecast period of 2024-2032, growing at a CAGR of 13%. The market is projected to reach USD 1,842.11 million by 2032.

 

EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. Based on its product types, the Philippines market can be segmented into panel lights, down lights, street lights, tube lights, and bulbs, among others. On the basis of application, the market is divided into    commercial, residential, institutional, and industrial, among others. New and retrofit installations are the major installation types in the market. The key players in the above market include Green Light LED Energy Solutions Inc., DG Lights, Electrobrain Enterprises, Yatai International Corporation, Firefly Electric and Lighting Corp., Kantt LED Lighting, and others.

 

EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.

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