With the rapid economic growth in Southeast Asia, the rising demand for lighting in residential life and industrial and commercial scenes has contributed to the growth of the LED lighting market in Southeast Asia.

According to CRI analysis, the Southeast Asia LED lighting market size has exceeded US$3 billion in 2022 and is growing.

Since 2016, electronic equipment products can be sold in other ASEAN countries after obtaining certification in one of the countries in ASEAN. The implementation of the unified standard has undoubtedly brought significant development opportunities to the Southeast Asian market. According to CRI’s analysis, for LED lighting companies, there is no need for multiple standard certifications to enter the Southeast Asian market, which directly saves export costs and time. For local markets and consumers, the implementation of unified standards can help improve the quality and standards of LED lighting products, thereby allowing more consumers to accept LED lighting.

According to CRI’s analysis, there are fewer local LED lighting-related enterprises in Southeast Asia, so Southeast Asian LED lighting products are very dependent on imports, especially from China. Due to the low per capita income in Southeast Asia, the Southeast Asian market is therefore more sensitive to the price of LED lighting products, and CRI suggests that LED lighting companies should give priority to low- and medium-priced products when entering the Southeast Asian market. It is expected that in 2023-2032, there will be more LED lighting companies to build factories in Southeast Asia.

Southeast Asia in this report includes 10 countries: Singapore, Thailand, Philippines, Malaysia, Indonesia, Vietnam, Myanmar, Brunei, Laos and Cambodia. With a total population of over 600 million by the end of 2021, Southeast Asia has an overall economic growth rate higher than the global average and is one of the key drivers of future global economic growth.

According to CRI’s analysis, the economic levels of the 10 Southeast Asian countries vary greatly, with Singapore being the only developed country with a per capita GDP of about US$73,000 in 2021. While Myanmar and Cambodia will have a GDP per capita of less than US$2,000 in 2021. The population and minimum wage levels of each country also vary greatly. Brunei, which has the smallest population, will have a total population of less than 500,000 people in 2021, while Indonesia, which has the largest population, will have a population of about 275 million people in 2021.

CRI expects that the LED lighting industry in Southeast Asia will maintain growth from 2023-2032. On the one hand, Southeast Asia lighting market has a lot of room for development. On the other hand, Southeast Asian governments support the development of LED lighting industry, which attracts more LED lighting related companies to build factories in Southeast Asia and promote the development of Southeast Asian LED lighting industry.

Topics covered:

• Southeast Asia LED Lighting Industry Status and Major Sources in 2018-2022
• What is the Impact of COVID-19 on Southeast Asia LED Lighting Industry?
• Which Companies are the Major Players in Southeast Asia LED Lighting Industry Market and What are their Competitive Benchmarks?
• Key Drivers and Market Opportunities in Southeast Asia LED Lighting Industry
• What are the Key Drivers, Challenges, and Opportunities for Southeast Asia LED Lighting Industry during 2023-2032?
• What is the Expected Revenue of Southeast Asia LED Lighting Industry during 2023-2032?
• What are the Strategies Adopted by the Key Players in the Market to Increase Their Market Share in the Industry?
• What are the Competitive Advantages of the Major Players in Southeast Asia LED Lighting Industry Market?
• Which Segment of Southeast Asia LED Lighting Industry is Expected to Dominate the Market in 2032?
• What are the Major Adverse Factors Facing Southeast Asia LED Lighting Industry?

Table of Contents

1 Singapore LED Lighting Industry Analysis

1.1 Singapore LED Lighting Industry Development Environment

1.1.1 Geography

1.1.2 Population

1.1.3 Economy

1.1.4 Minimum Wage in Singapore

1.2 2018-2022 Singapore LED Lighting Industry Operation Status

1.2.1 Production Status

1.2.2 Sales Status

1.2.3 Import and Export Status

1.3 Analysis of Major LED Lighting Companies in Singapore

2 Thailand LED Lighting Industry Analysis

2.1 Thailand LED Lighting Industry Development Environment

2.1.1 Geography

2.1.2 Population

2.1.3 Economy

2.1.4 Thailand Minimum Wage

2.2 Thailand LED Lighting Industry Operation Status 2018-2022

2.2.1 Production Status

2.2.2 Sales Status

2.2.3 Import and Export Status

2.3 Analysis of Major LED Lighting Companies in Thailand

3 Analysis of LED Lighting Industry in the Philippines

3.1 Development Environment of LED Lighting Industry in the Philippines

3.1.1 Geography

3.1.2 Population

3.1.3 Economy

3.1.4 Minimum Wage in the Philippines

3.2 LED Lighting Industry Operation in the Philippines 2018-2022

3.2.1 Production Status

3.2.2 Sales Status

3.2.3 Import and Export Status

3.3 Analysis of Major LED Lighting Companies in the Philippines

4 Malaysia LED Lighting Industry Analysis

4.1 Malaysia LED Lighting Industry Development Environment

4.1.1 Geography

4.1.2 Population

4.1.3 Economy

4.1.4 Minimum Wage in Malaysia

4.2 Malaysia LED Lighting Industry Operation Status 2018-2022

4.2.1 Production Status

4.2.2 Sales Status

4.2.3 Import and Export Status

4.3 Analysis of Major LED Lighting Companies in Malaysia

5 Indonesia LED Lighting Industry Analysis

5.1 Indonesia LED Lighting Industry Development Environment

5.1.1 Geography

5.1.2 Population

5.1.3 Economy

5.1.4 Indonesia Minimum Wage

5.2 2018-2022 Indonesia LED Lighting Industry Operation Status

5.2.1 Production Status

5.2.2 Sales Status

5.2.3 Import and Export Status

5.3 Analysis of Major LED Lighting Companies in Indonesia

6 Vietnam LED Lighting Industry Analysis

6.1 Vietnam LED Lighting Industry Development Environment

6.1.1 Geography

6.1.2 Population

6.1.3 Economy

6.1.4 Vietnam’s Minimum Wage

6.2 2018-2022 Vietnam LED Lighting Industry Operation Situation

6.2.1 Production Status

6.2.2 Sales Status

6.2.3 Import and Export Status

6.3 Analysis of Major LED Lighting Companies in Vietnam

7 Myanmar LED Lighting Industry Analysis

7.1 Myanmar LED Lighting Industry Development Environment

7.1.1 Geography

7.1.2 Population

7.1.3 Economy

7.1.4 Myanmar Minimum Wage

7.2 Myanmar LED Lighting Industry Operation Status 2018-2022

7.2.1 Production Status

7.2.2 Sales Status

7.2.3 Import and Export Status

7.3 Analysis of Major LED Lighting Companies in Myanmar

8 Brunei LED Lighting Industry Analysis

8.1 Brunei LED Lighting Industry Development Environment

8.1.1 Geography

8.1.2 Population

8.1.3 Economy

8.1.4 Brunei Minimum Wage

8.2 2018-2022 Brunei LED Lighting Industry Operation Situation

8.2.1 Production Status

8.2.2 Sales Status

8.2.3 Import and Export Status

8.3 Analysis of Major LED Lighting Enterprises in Brunei

9 Laos LED Lighting Industry Analysis

9.1 Laos LED Lighting Industry Development Environment

9.1.1 Geography

9.1.2 Population

9.1.3 Economy

9.1.4 Minimum Wage in Laos

9.2 Operation of LED Lighting Industry in Laos 2018-2022

9.2.1 Production Status

9.2.2 Sales Status

9.2.3 Import and Export Status

9.3 Laos Major LED Lighting Companies Analysis

10 Cambodia LED Lighting Industry Analysis

10.1 Cambodia LED Lighting Industry Development Environment

10.1.1 Geography

10.1.2 Population

10.1.3 Economy

10.1.4 Minimum Wage in Cambodia

10.2 Cambodia LED Lighting Industry Operation Status 2018-2022

10.2.1 Production Status

10.2.2 Sales Status

10.2.3 Import and Export Status

10.3 Analysis of Major LED Lighting Companies in Cambodia

11 Southeast Asia LED Lighting Industry Outlook 2023-2032

11.1 Southeast Asia LED Lighting Industry Development Influencing Factors Analysis

11.1.1 Favorable Factors

11.1.2 Unfavorable Factors

11.2 Southeast Asia LED Lighting Industry Revenue Forecast 2023-2032

11.3 Southeast Asia LED Lighting Industry Sales Analysis 2023-2032

11.4 COVID -19 Epidemic Impact on LED Lighting Industry

The post Research Report on Southeast Asia LED Lighting Industry 2023-2032 first appeared on CRI Report.

Market Snapshot
The LED Lighting market is anticipated to grow at a healthy CAGR of 18.7% during the forecast period to surpass USD 1,51,951.1 million by the end of 2027. Lighting is often utilized in regular day to day existence.

It essentially affects the personal satisfaction and the efficiency of labor forces. Fake lighting expands the functioning day, permitting individuals to work in their homes, working environments, structures, and ventures. Lighting is one of the most affordable products for executing such arrangements.

LED lights and luminaires are rapidly becoming well known in everyday lighting applications across the world. This item request is expected to increment as LED innovation works on as far as execution and turns out to be more affordable, supplanting traditional light sources with more productive and higher-performing LED innovation.

The global market for LED Lighting is expected to register a notable market expansion owing to the highest market value of USD 53,136.2 million in 2020. The worldwide market development is credited to the developing prerequisite for energy productive lighting frameworks and the expanding center around LED normalization.

The worldwide LED Lighting market is driven by the rising prerequisite for energy-productive lighting frameworks, expanding center around LED normalization, and developing extension of cutting-edge lighting frameworks. Also, the improvement of cutting-edge lighting frameworks sets out a freedom for market development.

However, the lack of awareness of the LED lighting market is expected to restrain the market during the forecast period.

Market Segmentation
The global LED lighting market is categorized based on installation type, product type, distribution channel, and end-use application.

By installation type, the market is bifurcated into new installation and retrofit. The product type has been divided into luminaries and lamps. The lamps type is subclassified into bulb lamps, spot lamps, A-lamps, and T-lamps. The luminaires portion is additionally bifurcated into roof luminaires, downlight luminaires, strip luminaires and strip lights.

In view of conveyance channel, the worldwide LED lighting market has been separated into store-based and non-store based. In view of end-use application, has been fragmented into indoor lighting and outside lighting. The indoor lighting fragment is additionally bifurcated into business, private, modern and others.

While the outside lighting fragment is additionally sectioned as public places, highway and roadway, architectural, and others.

Regional Analysis
Geographically, the LED Lighting market has been segmented into the North America, Europe, Asia-Pacific, and Rest of the World (ROW).

Asia-Pacific is expected to dominate the market with the approximate CAGR of 21.1% during the review period. The market was valued at USD 19,609.7 million in 2020. The regional market development is propelled by the rising demand for energy effective lightning arrangements and the rising spotlight on LED standardization is upgrading.

Leading LED lighting firms from the United States and the United Kingdom are also broadening their errands in Asia-Pacific. Additionally, in Asia-Pacific emerging countries, government normal procedures and the improvement of new lighting structures are critical components.

North America was the second-largest market in 2020, valued at USD 11,267.1 million; the market is projected to exhibit a CAGR of 17.3%.

Major Players
The major market players of the global LED lighting market are GE Lighting, Philips Lighting Holding B.V, Samsun, Osram Licht AG, and Cooper Lighting Solutions

COVID 19 Impacts
We are continuously tracking the impact of COVID-19 pandemic on various industries and verticals within all domains. Our research reports include the same and help you understand the drop and rise, owing to the impact of COVID-19 on the industries.

Also, we help you to identify the gap between the demand and supply of your interested market. Moreover, the report helps you with the analysis, amended government regulations, and many other useful insights.

Related Report: Global Dental Sutures Market Analysis & Forecast 2016-2027

The post LED Lighting Market Research Report—Forecast Till 2027 first appeared on CRI Report.

The structure of the LED industry chain is composed of three parts, including the upstream substrate chips, midstream encapsulation and downstream products application.

LED encapsulation is a process which affixes and welds the lead frame from the upstream, and encapsulates them into various products after testing and sealing.

LED industry is one of the new strategic industries that enjoy great support from Chinese government. The market penetration rate of LED products increased significantly from 11% in 2012 to over 30% in 2015 with the driving of government policies. In the early 2015, Chinese government first promoted the development of LED exterior lighting through municipal engineering procurement. It will stimulate further growth of commercial lighting, civil lighting and interior lighting through means such as government open tender and terminal consumption subsidy in the future.

From Oct.1, 2012, China started banning the sale of bulbs of over 100 watts with tungsten. In 2014, 60-watt bulbs were prohibited. According to The Road Map for China to Phase Out Incandescent Bulbs, from Oct.1, 2016, China will prohibit the import and sale of incandescent light bulbs of over 15 watts. It means that the incandescent light bulbs will stop being produced and used. Therefore, the lighting appliance industry in China will experience a comprehensive transformation and upgrade, which will greatly promote the demand for LED.

The LED industry in China started late, of which most manufacturers started from the downstream encapsulation and gradually entered the upstream production of epitaxial wafers. At present, there are relatively seldom domestic enterprises in LED upstream and midstream, which leads to high industry concentration rate of epitaxial wafers and chips. However, there are many enterprises involving in downstream encapsulation and application areas,  which seldom can form scale effect with low industry concentration rate and rather fierce competition. As the cost of China LED encapsulation is lower than that in developed countries, together with numerous preferential policies for the LED industry, large-scale foreign LED manufacturers invested and established plants in China in recent years, which led to the transferring of the international encapsulation industry towards China.

The LED industry clusters mainly concentrated in areas such as Yangtze River Delta, Pearl River Delta, Bohai Economic Rim, Fujian and Jiangxi, of which the Pearl River Delta is the most concentrated area with approximately 50% of China’s LED encapsulation enterprises with the largest encapsulation industry scale. Many manufacturers and agents of encapsulation materials and equipment concentrated in this region with the most perfect support.

The market size of China LED encapsulation industry was CNY 61.5 billion, increasing by 19% YOY in 2015. LED lighting encapsulation market is the major driving force of the industry scale growth. The small size backlight field and small pitch display have no significant influence on the entire encapsulation market.

The emerging market brings new business opportunities for Chinese export enterprises. For example, there is a significant growth of USD 2.48 billion in Russia LED lighting market with a penetration rate of about 32%. It is estimated that the market size of LED lighting will be USD 5.07 billion and a penetration rate of about 44% in 2016. In south-east Asia, with regards to major countries such as Thailand, Singapore, Malaysia, Vietnam, Indonesia and Philippines, the LED lighting scale was about USD 1.1 billion and had a LED penetration rate of 25% in 2014. It is estimated that south-east Asia will be a new export growth point of China LED lighting manufacturers in the next few years.

The auto lamp market will be another LED blue ocean after commercial lighting. It is estimated that the market share of LED head lights will be increased from 1% in 2013 to 10% in 2019. Automobile lighting industry has a positive prospect, and the entire auto lamp market will be another revenue growth point after commercial lighting.

As the incandescent lamps phase out in Chinese market, the LED lighting products will develop rapidly in the future. Besides, the LED industry will be promoted by the prevalence of auto LED lamps and the automobile industry development in the future. The demand for LED encapsulation products will be enlarged with the increasing demand for LED products. It is estimated that the CAGR of LED encapsulation industry market scale in China will reach 15% during 2016 to 2020.

Through this report, the readers can acquire the following information:

-Definition and Classification of LED Encapsulation

-Research Methods, Parameters and Assumptions of the Report

-Competition Status in China LED Encapsulation Industry

-Analysis on Top 5 Enterprises in China LED Encapsulation Industry

-Development Opportunities and Driving Forces Faced by China LED Encapsulation Industry

-Risks and Challenges in the Development of China LED Encapsulation Industry

-Analysis on Prices of Raw Materials in China LED Encapsulation

-Forecast on Development of China LED Encapsulation Industry

Table of Contents

1 Relevant Concepts of LED Encapsulation Industry

1.1 Definition of LED

1.2 Definition of LED Encapsulation

1.3 Parameters and Assumptions of the Report

1.3.1 Assumption Base

1. 3.2 Data Sources

1.4 About CRI

2 Analysis on China LED Encapsulation Industry, 2011-2015

2.1 Development Environment of China LED Encapsulation Industry

2.1.1 Economic Environment Faced by China LED Encapsulation Industry

2.1.2 Policy Environment of China LED Encapsulation Industry

2.2 Analysis on Supply of China LED Encapsulation Industry

2.3 Analysis on Demand of China LED Encapsulation Industry

3 Competition Status of China LED Encapsulation Industry, 2013-2015

3.1 Barriers to Entry in LED Encapsulation Industry

3.1.1 Technical Barriers of LED Encapsulation

3.1.2 Capital Barriers

3.1.3 Technical Barriers

3.1.4 Barriers of Customer Resources

3.2 Competition Structure in China LED Encapsulation Industry

3.2.1 Bargaining Ability of Upstream Suppliers

3.2.2 Bargaining Ability of Clients

3.2.3 Internal Competition of LED Encapsulation Industry

3.2.4 Potential Entrants of LED Encapsulation Industry

3.2.5 Substitutes

4 Analysis on Top 5 Enterprises in China LED Encapsulation Industry, 2013-2015

4.1 Mulinsen Co., Ltd.

4.1.1 Enterprise Profile of Mulinsen Co., Ltd.

4.1.2 LED Encapsulation Business of Mulinsen Co., Ltd.

4.2 Foshan Nationstar Optoelectronics Co., Ltd.

4.2.1 Enterprise Profile of Foshan Nationstar Optoelectronics Co., Ltd.

4.2.2 LED Encapsulation Business

4.3 Guangzhou Hongli Opto-Electronic Co., Ltd.

4.3.1 Enterprise Profile of Guangzhou Hongli Opto-Electronic Co., Ltd.

4.3.2 LED Encapsulation Business

4.4 Shenzhen Refond Optoelectronics Co., Ltd.

4.4.1 Enterprise Profile of Shenzhen Refond Optoelectronics Co., Ltd.

4.4.2 LED Encapsulation Business of Shenzhen Refond Optoelectronics Co., Ltd.

4.5 Shenzhen Jufei Optoelectronics Co., Ltd.

4.5.1 Enterprise Profile of Shenzhen Jufei Optoelectronics Co., Ltd.

4.5.2 LED Encapsulation Business of Shenzhen Jufei Optoelectronics Co., Ltd.

5 Major Raw Material Costs and Product Prices of LED Encapsulation in China, 2013-2015

5.1 Analysis of Costs

5.1.1 Analysis on Costs of LED Encapsulation Silica Gel

5.1.2 MOCAD

5.2 Price Analysis

6 Prediction on China LED Encapsulation Industry, 2016-2020

6.1 Factors Influencing Development of LED Encapsulation Industry

6.1.1 Major Driving Forces and Market Opportunities in LED Encapsulation Industry

6.1.2 Risks and Challenges Faced by China LED Encapsulation Industry

6.2 Forecast on Supply of China LED Encapsulation Industry, 2016-2020

6.3 Forecast on Demand of China LED Encapsulation Industry, 2016-2020

Selected Charts

Chart Disposable Income of Urban Residents Per Capita in China, 2011-2015

Chart Reserve of Civil Automobiles in China, 2011-2015

Chart Policies and Regulations in China LED Encapsulation Industry, 2011-2015

Chart Production Value of LED in China, 2011-2015

Chart Production Value of LED Encapsulation in China, 2011-2015

Chart Market Size of LED in China, 2011-2015

Chart Market Size of LED Encapsulation in China, 2011-2015

Chart Operation Revenue of Mulinsen LED Encapsulation, 2013-2015

Chart Market Share of Operation Revenue of Mulinsen LED Encapsulation in China, 2013-2015

Chart Revenue of LED Encapsulation of Nationstar Optoelectronics, 2013-2015

Chart Market Share of Nationstar Optoelectronics LED Encapsulation in China, 2013-2015

Chart Revenue of LED Encapsulation of Hongli Opto-Electronic, 2013-2015

Chart Market Share of Refond Optoelectronics LED Encapsulation in China, 2013-2015

Chart Market Share of Jufei Optoelectronics LED Encapsulation in China, 2013-2015

Chart Price Trend of Silica Gel for LED Encapsulation in Chinese Market, 2013-2015

Chart Price Trend of 40-Watt LED Light Bulb in China by Month, 2013-2015

Chart Forecast on Supply of China LED Encapsulation Industry, 2016-2020

Chart Forecast on Demand of China LED Encapsulation Industry, 2016-2020

The post China LED Encapsulation Industry Overview, 2011-2020 first appeared on CRI Report.