Report

Expert Market Research Thumbnail Image

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

Vietnam LED Light Market Key Insights:

  • Types: Bulbs, Tubelights, Panel Lights, Streetlights, Downlights, Floodlights, Others
  • Market Overview
  • Market Performance & Price Trends 2018
  • Market Analysis & Outlook 2019-2024
  • Value Chain Analysis
  • Market Breakup by Application
  • Competitive Landscape
  • Capacity Addition & Plant Turnarounds
  • Mergers & Acquisitions

 

Market Outlook

The Vietnam LED Light Market is being aided by the 35% per annum growth of the Vietnam LED lamp market. The Vietnam LED light market is also being driven by the growth of the global LED lighting market which reached a value of nearly USD 60 billion in 2018. The global LED lighting industry will grow at a robust CAGR of 14% in the forecast period of 2019-2024, attaining a value of USD 132 billion in 2024.

The market share for traditional lighting market in Vietnam is expected to decrease with the growth of the LED lighting market. LED lighting technology is replacing incandescent bulbs for street lighting applications at a rapid rate. Initially, LED 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.

Vietnam LED Light Market Report and Forecast 2019-2024

Get a Free Sample Report With TOC - Download Sample

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 aid the LED lighting market.
 
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 light 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: 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.

LED is used in multiple lighting products like: 

  • Bulbs 
  • Tubelights                    
  • Panel Lights                    
  • Streetlights                    
  • Downlights                    
  • Floodlights                    
  • Others

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

  • Commercial            
  • Residential            
  • Industrial                
  • Other

Market Analysis

The Vietnam LED Light Market 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 market. 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 Light market. 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 market. 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 market, looking into their market share, 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 market by providing an analysis of the value chain and Porter’s five forces. It also provides a SWOT analysis of the market.

1    Preface
2    Research Methodology
3    Executive Summary

    3.1    Overview
    3.2    Key Demand Drivers
    3.3    Key Players
    3.4    Supply Market Changes
4    Global LED Light Market Overview
    4.1    Chart: Breakup by Type
        4.1.1    Panel Lights
        4.1.2    Downlights
        4.1.3    Floodlights
        4.1.4    Streetlights
        4.1.5    Tubelights
        4.1.6    Bulbs
    4.2    Chart: Breakup by Application
        4.2.1    Residential 
        4.2.2    Commercial
        4.2.3    Industrial
        4.2.4    Others
    4.3     Figure: Breakup by Region
        4.3.1    North America
        4.3.2    Europe
        4.3.3    APAC
        4.3.4    LATAM
        4.3.5    Middle East and Africa
    4.4    Figure: Historical Market (2014-2018) & Forecast (2019-2024)
        4.4.1    Panel Lights
        4.4.2    Downlights
        4.4.3    Floodlights
        4.4.4    Streetlights
        4.4.5    Tubelights
        4.4.6    Bulbs
5    Vietnam LED Light Market Overview
6    Vietnam LED Light Market

    6.1    Vietnam LED Light Market Analysis
        6.1.1    Chart:  Breakup by Type
            6.1.1.1    Panel Lights
            6.1.1.2    Downlights
            6.1.1.3    Floodlights
            6.1.1.4    Streetlights
            6.1.1.5    Tubelights
            6.1.1.6    Bulbs
        6.1.2    Chart:  Breakup by Application
            6.1.2.1    Residential 
            6.1.2.2    Commercial
            6.1.2.3    Industrial
            6.1.2.4    Others
        6.1.3    Figure: Historical Demand (2014-2018) & Forecast (2019-2024)
            6.1.3.1    Panel Lights
            6.1.3.2    Downlights
            6.1.3.3    Floodlights
            6.1.3.4    Streetlights
            6.1.3.5    Tubelights
            6.1.3.6    Bulbs
        6.1.4    Figure: Historical Supply (2014-2018) & Forecast (2019-2024)
            6.1.4.1    Panel Lights
            6.1.4.2    Downlights
            6.1.4.3    Floodlights
            6.1.4.4    Streetlights
            6.1.4.5    Tubelights
            6.1.4.6    Bulbs
        6.1.5    Chart:  Breakup by Type: Historical Market (2014-2018) & Forecast (2019-2024) 
            6.1.5.1    Panel Lights
            6.1.5.2    Downlights
            6.1.5.3    Floodlights
            6.1.5.4    Streetlights
            6.1.5.5    Tubelights
            6.1.5.6    Bulbs
        6.1.6    Chart:  Breakup by Application: Historical Market (2014-2018) & Forecast (2019-2024)
            6.1.6.1    Residential 
            6.1.6.2    Commercial
            6.1.6.3    Industrial
    6.2    Comparison of LED’s with Conventional Lighting Technologies
    6.3    SWOT Analysis

        6.3.1    Overview
        6.3.2    Strengths
        6.3.3    Weaknesses 
        6.3.4    Opportunities
        6.3.5    Threats
    6.4    Value Chain Analysis
    6.5    Porter’s Five Forces Analysis

        6.5.1    Overview
        6.5.2    Buyer’s Power
        6.5.3    Supplier’s power
        6.5.4    New Entrants
        6.5.5    Degree of Rivalry
        6.5.6    Substitutes
    6.6    Vietnam LED Light Market Price Analysis
        6.6.1    LED Panel Light Historical Price Trends (2014-2018) & Forecast (2019-2024)
        6.6.2    Downlights Historical Price Trends (2014-2018) & Forecast (2019-2024)
        6.6.3    Floodlights Historical Price Trends (2014-2018) & Forecast (2019-2024)
        6.6.4    Streetlights Historical Price trends (2014-2018) & Forecast (2019-2024)
        6.6.5    Tube lights Historical Price Trends (2014-2018) & Forecast (2019-2024)
        6.6.6    Bulbs Historical Price Trends (2014-2018) & Forecast (2019-2024)
7    Manufacturing Process
    7.1     Detailed Process Flow
    7.2     Operations Involved
    7.3      Mass Balance
8    Cost Analysis
    8.1    Land, Location and Site Development
    8.2    Construction
    8.3    Plant Machinery
    8.4    Cost of Raw Material
    8.5    Packaging
    8.6    Transportation
    8.7     Utilities
    8.8    Manpower
    8.9    Other Capital Investment
9    Competitive Landscape & Supplier Analysis
    9.1    Regional Players:

        9.1.1    Rang Dong Light Source and Vacuum Flask JSC (Ralaco) 
        9.1.2    Dien Quang Light Source Company
        9.1.3    Asled Co., Ltd
        9.1.4    Others
    9.2    Global Players:
        9.2.1    Signify (Philips Lighting)
        9.2.2    Osram Licht AG
        9.2.3    Nichia Corporation
        9.2.4    Cree Inc.
        9.2.5    Seoul Semiconductor Co Ltd
        9.2.6    Others
10    New Technology
11    Events and Developments

Purchase Options  

Buy Now  

Call us on

( USA & Canada )
+1-415-325-5166
us.sales@expertmarket
research.com
( United Kingdom )
+44-702-402-5790
uk.sales@expertmarket
research.com
Send Enquiry  

Purchase Full Report

  • Single User License
  • $2999
  • Restricted to one user
  • One print only
  • Available in PDF
  • Free limited customisation (pre sales)
  • Post sales analyst support
  • Free report update (Within 180 Days)
  • Buy Now
  • Five User License
  • $3999
  • Restricted to five users
  • One print per user
  • Available in PDF
  • Free limited customisation (pre sales)
  • Post sales analyst support
  • Free report update (Within 180 Days)
  • Buy Now
  • Corporate License
  • $4999
  • Unlimited users within organisation
  • No limit on prints
  • Available in PPT and PDF
  • Free limited customisation (pre sales)
  • Post sales analyst support
  • Free report update (Within 180 Days)
  • Buy Now

Why Expert Market Research?

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.

Similar Reports

Expert Market Research Thumbnail Image
Global LED Lighting Market Report and Forecast 2019-2024

Global LED Lighting Market Report and Forecast 2019-2024

  • Pre-Order Available
  • Price: $ 2399
Expert Market Research Thumbnail Image
Global Connected (Smart) Street Light Market Report and Forecast 2019-2024

Global Connected (Smart) Street Light Market Report and Forecast 2019-2024

  • Pre-Order Available
  • Price: $ 2399
Expert Market Research Thumbnail Image
LED Driver Market Report and Forecast 2019-2024

LED Driver Market Report and Forecast 2019-2024

  • Pre-Order Available
  • Price: $ 2399
Expert Market Research Thumbnail Image
LED Curtain Lights Market Report and Forecast 2019-2024

LED Curtain Lights Market Report and Forecast 2019-2024

  • Pre-Order Available
  • Price: $ 2399
Expert Market Research Thumbnail Image
Saudi Arabia LED Light Market Report & 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...

  • 24 Hour Email Delivery
  • Price: $ 2999

Stay informed with our free industry updates.

Download Sample

Buy Full Version
"Vietnam LED" Purchase Enquiry