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Vietnam LED Lighting Market: By Type: Panel Lights, Down Lights, Flood Lights, Street Lights, Tube Lights, Bulb and Tube Light, Others; By Installation Type; By End Use: Residential, Commercial, Industrial, Intitutional, Others; Historical Market and Forecast (2016-2026); Market Dynamics; Competitive Landscape; Industry Events and Developments

Vietnam LED Lighting Market Outlook

 

The Vietnam LED lighting market is being aided by the 35% per annum growth of the Vietnam LED lamp market. The Vietnam LED lighting industry is also being driven by the growth of the global LED lighting market which reached a value of nearly USD 77.52 billion in 2020. The global LED lighting industry will grow at a robust CAGR of 14% in the forecast period of 2021-2026, attaining a value of USD 149.26 billion in 2026.

 

Vietnam LED Lighting Market

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The market share for traditional lighting industry in Vietnam is expected to decrease with the growth of the LED lighting industry. LED lighting technology is replacing incandescent bulbs for street lighting applications at a rapid rate. Initially, the technology in Vietnam was restricted in its utilisation, finding uses in traffic lights and the advertisement industry. It has fast expanded to find applications in various sectors like in the restaurants and hotels as interior and exterior decorations.

LED will witness a higher penetration in the Vietnam market due to growing urbanisation in the country which will range between 27-45% by 2020. The thriving growth of commercial offices and a strong foreign investment in Vietnam is further expected to propel the industry forward.
 
Currently, about 200 companies have registered their LED products in Vietnam and have been divided into three broad groups. The first group, which contains 3% of the companies holding 10-20% market share in the Vietnam LED lighting industry, have modern production lines, standard testing systems, and R&D centres. The second group comprises of foreign-invested enterprises whose selling prices are generally higher than the average prices by two to three times. Thirteen percent of the 200 companies are included in this second group, with their products holding a 15-20% market share. The third group dominates the market with 60-70% market share and comprises of 84% of the companies. These are the companies assembling their products from imported components, mostly from China.

 

LED Lighting: Properties and Applications

LED is a Light Emitting Diode where a semiconductor is used to produce light through the process of electroluminescence. LED lights are fast replacing traditional incandescent lights as they last longer, have a comparably cooler operating temperature, and are far more energy efficient. They are also far more versatile in its shapes, forms, and applications.

 

Vietnam LED Lighting Market By Type

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LED lighting is used in multiple lighting products like: 

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

LED lighting find their primary application in the infrastructure sector in segments like:

  • Commercial            
  • Residential            
  • Industrial                
  • Other

 

Vietnam LED Lighting Market By Region

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Market Analysis

The Vietnam LED Lighting industry is expected to be supported by the various schemes of the government of Vietnam, promoting the use of energy efficient lighting due to the rise in electricity prices, growing concerns over energy wastage and climate change. Government programs are seeking the greater adoption of LED lighting by aiding the local LED lighting products manufacturing. The move away from compact fluorescent lamps (CFLs) started in the early 2000s as the consumers in Vietnam moved towards LED lighting technologies. With growing awareness among the consumers about the environment, LED lighting has seen a rising demand due to their reduced energy consumption and emissions of greenhouse gases as compared to CFLs and High-Intensity Discharge (HID) lamps.

The rising per capita income in Vietnam is expected to lead to an increasing demand for LED in the country. The growing infrastructure sector in the country will provide a further push to the Vietnam LED lighting industry. According to the Ministry of Planning and Investment of Vietnam, USD 150-160 billion is expected to be invested in new infrastructure by 2020. The LED lighting industry in the region is, thus, witnessing an increasing demand from lighting projects for newly-built factories and other commercially built infrastructure.

The thriving electronics industry is providing further impetus to the Vietnam LED Lighting industry. Vietnam is attracting international investors from electronics and home appliances sectors, especially from Korea, due to the lower land resources and labour force cost, growing infrastructure sector, rising economy, and political stability. The recently developed smart lighting system will also drive the LED industry. For now, the use of smart lighting is restricted to outdoor and high-end commercial lighting.

 

Competitive Landscape

The report provides a detailed analysis of the following key players in the Vietnam as well as global LED lighting market, looking into their competitive landscape, capacity, and latest developments like capacity expansions, plant turnarounds, and mergers and applications:

Regional Players:

  • Rang Dong Light Source and Vacuum Flask JSC (Ralaco) 
  • Dien Quang Light Source Company
  • Asled Co., Ltd
  • Others

Global Players:

  • Signify (Philips Lighting)
  • Osram Licht AG
  • Nichia Corporation
  • Cree Inc.
  • Seoul Semiconductor Co Ltd
  • Others

The EMR report gives an in-depth insight into the industry by providing an analysis of the value chain and Porter’s five forces. It also provides a SWOT analysis of the market.

 

REPORT FEATURES DETAILS
Base Year 2020
Historical Period 2016-2020
Forecast Period 2021-2026
Scope of the Report Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- Type, Installation Type, End Use
Breakup by Type Panel Light, Down Light, Flood Light, Street Light, Tube Light, Bulb and Tube Light, Others
Breakup by Installation Type New Installation, Retrofit Installation
Breakup by End Use Residential, Commercial, Industrial, Institutional, Others
Market Dynamics SWOT, Porter's Five Forces, EMR’s Key Indicators for Price and Demand
Price Analysis Historical and Forecast Price Trends- Regional
Competitive Landscape Market Structure, Company Profiles- Company Overview, Product Portfolio, Demographic Reach and Achievements, Certifications
Companies Covered Rang Dong Light Source and Vacuum Flask JSC (Ralaco), Dien Quang Light Source Company, Asled Co., Ltd, Signify NV (Philips Lighting), Osram Licht AG, Nichia Corporation, Cree Inc., Seoul Semiconductor Co Ltd, 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.

 

*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual 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    Snapshot
    6.1    Global
    6.2    Vietnam
7    Industry Opportunities and Challenges
8    Global LED Lighting Market Overview

    8.1    Key Industry Highlights
    8.2    Global LED Lighting Historical Market (2016-2020) 
    8.3    Global LED Lighting Market Forecast (2021-2026)
    8.4    Global LED Lighting Market by Type
    8.5    Global LED Lighting Market by Region
        8.5.1    Market Share
            8.5.1.1    North America
            8.5.1.2    Europe
            8.5.1.3    Asia Pacific
            8.5.1.4    Latin America
            8.5.1.5    Middle East and Africa
9    Vietnam LED Lighting Market Analysis
    9.1    Key Industry Highlights
    9.2    Vietnam LED Lighting Historical Market (2016-2020) 
    9.3    Vietnam LED Lighting Market Forecast (2021-2026)
    9.4    Vietnam LED Lighting Market by Type
        9.4.1    Panel Light
            9.4.1.1    Market Share
            9.4.1.2    Historical Trend (2016-2020)
            9.4.1.3    Forecast Trend (2021-2026)
        9.4.2    Down Light
            9.4.2.1    Market Share
            9.4.2.2    Historical Trend (2016-2020)
            9.4.2.3    Forecast Trend (2021-2026)
        9.4.3    Flood Light
            9.4.3.1    Market Share
            9.4.3.2    Historical Trend (2016-2020)
            9.4.3.3    Forecast Trend (2021-2026)
        9.4.4    Street Light
            9.4.4.1    Market Share
            9.4.4.2    Historical Trend (2016-2020)
            9.4.4.3    Forecast Trend (2021-2026)
        9.4.5    Tube Light
            9.4.5.1    Market Share
            9.4.5.2    Historical Trend (2016-2020)
            9.4.5.3    Forecast Trend (2021-2026)
        9.4.6    Bulb and Tube Light
            9.4.6.1    Market Share
            9.4.6.2    Historical Trend (2016-2020)
            9.4.6.3    Forecast Trend (2021-2026)
        9.4.7    Others
    9.5    Vietnam LED Lighting Market by Installation Type
        9.5.1    New Installation
            9.5.1.1    Market Share
            9.5.1.2    Historical Trend (2016-2020)
            9.5.1.3    Forecast Trend (2021-2026)
        9.5.2    Retrofit Installation
            9.5.2.1    Market Share
            9.5.2.2    Historical Trend (2016-2020)
            9.5.2.3    Forecast Trend (2021-2026)
    9.6    Vietnam LED Lighting Market by End Use
        9.6.1    Residential
            9.6.1.1    Market Share
            9.6.1.2    Historical Trend (2016-2020)
            9.6.1.3    Forecast Trend (2021-2026)
        9.6.2    Commercial
            9.6.2.1    Market Share
            9.6.2.2    Historical Trend (2016-2020)
            9.6.2.3    Forecast Trend (2021-2026)
        9.6.3    Industrial
            9.6.3.1    Market Share
            9.6.3.2    Historical Trend (2016-2020)
            9.6.3.3    Forecast Trend (2021-2026)
        9.6.4    Intitutional
            9.6.4.1    Market Share
            9.6.4.2    Historical Trend (2016-2020)
            9.6.4.3    Forecast Trend (2021-2026)
        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    EMR’s Key Indicators for Demand
    10.4    EMR’s Key Indicators for Price
11    Value Chain Analysis
12    Price Analysis
13    Manufacturing Process (SMD LED, Module, Fixture)

    13.1    Product Overview
    13.2    Detailed Process Flow
    13.3    Various Types of Unit Operations Involved
    13.4    Mass Balance and Raw Material Requirements
14    Project Requirement and Cost Analysis
    14.1    Land, Location and Site Development
    14.2    Construction
    14.3    Plant Machinery
    14.4    Raw Material
    14.5    Packaging
    14.6    Transportation
    14.7    Utilities
    14.8    Manpower
    14.9    Other Capital Investment
15    Loans and Financial Assistance
16    Project Economics

    16.1    Capital Cost of the Project
    16.2    Techno-Economic Parameters
    16.3    Product Pricing and Margins
    16.4    Taxation and Depreciation
    16.5    Income Projections
    16.6    Expenditure Projections
    16.7    Financial Analysis
    16.8    Profit Analysis
17    Competitive Landscape
    17.1    Market Structure
    17.2    Company Profiles
    17.3    Regional Key Players 
        17.3.1    Rang Dong Light Source and Vacuum Flask JSC (Ralaco)
            17.3.1.1    Company Overview
            17.3.1.2    Product Portfolio
            17.3.1.3    Demographic Reach and Achievements
            17.3.1.4    Certifications
        17.3.2    Dien Quang Light Source Company
            17.3.2.1    Company Overview
            17.3.2.2    Product Portfolio
            17.3.2.3    Demographic Reach and Achievements
            17.3.2.4    Certifications
        17.3.3    Asled Co., Ltd
            17.3.3.1    Company Overview
            17.3.3.2    Product Portfolio
            17.3.3.3    Demographic Reach and Achievements
            17.3.3.4    Certifications
        17.3.4    Others
    17.4    Global Key Players
        17.4.1    Signify NV (Philips Lighting)
            17.4.1.1    Company Overview
            17.4.1.2    Product Portfolio
            17.4.1.3    Demographic Reach and Achievements
            17.4.1.4    Certifications
        17.4.2    Osram Licht AG
            17.4.2.1    Company Overview
            17.4.2.2    Product Portfolio
            17.4.2.3    Demographic Reach and Achievements
            17.4.2.4    Certifications
        17.4.3    Nichia Corporation
            17.4.3.1    Company Overview
            17.4.3.2    Product Portfolio
            17.4.3.3    Demographic Reach and Achievements
            17.4.3.4    Certifications
        17.4.4    Cree Inc.
            17.4.4.1    Company Overview
            17.4.4.2    Product Portfolio
            17.4.4.3    Demographic Reach and Achievements
            17.4.4.4    Certifications
        17.4.5    Seoul Semiconductor Co Ltd
            17.4.5.1    Company Overview
            17.4.5.2    Product Portfolio
            17.4.5.3    Demographic Reach and Achievements
            17.4.5.4    Certifications
        17.4.6    Others
18    New Technologies
19    Industry Events and Developments


List of Figures and Tables

1.    Global LED Lighting Market: Key Industry Highlights, 2016 and 2026
2.    Global LED Lighting Historical Market: Breakup by Type (USD Million), 2016-2020
3.    Global LED Lighting Market Forecast: Breakup by Type (USD Million), 2021-2026
4.    Global LED Lighting Historical Market: Breakup by Region (USD Million), 2016-2020
5.    Global LED Lighting Market Forecast: Breakup by Region (USD Million), 2021-2026
6.    Vietnam LED Lighting Market: Key Industry Highlights, 2016 and 2026
7.    Vietnam LED Lighting Historical Market: Breakup by Type (USD Million), 2016-2020
8.    Vietnam LED Lighting Market Forecast: Breakup by Type (USD Million), 2021-2026
9.    Vietnam LED Lighting Historical Market: Breakup by Installation Type (USD Million), 2016-2020
10.    Vietnam LED Lighting Market Forecast: Breakup by Installation Type (USD Million), 2021-2026
11.    Vietnam LED Lighting Historical Market: Breakup by End Use (USD Million), 2016-2020
12.    Vietnam LED Lighting Market Forecast: Breakup by End Use (USD Million), 2021-2026
13.    Vietnam LED Lighting Market Structure

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