Philippines LED Lights Market is Expected to Cross USD 500 Million in Revenues by 2021: Ken Research

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Philippines LED Lights Market is Expected to
Cross USD 500 Million in Revenues by 2021 Ken
Research
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Philippines LED Light Market by type of LED
(luminaire and lamps), by type of Luminaire
(panel lights, downlights, spot lights,
directional), by Usage (outdoor and indoor) by
Indoor Usage (commercial, residential,
industrial) by Outdoor Usage (building exterior,
parking lot and garage, roadway) by Type of Lamp
(Reflectors, Tubes, other lamps) by Distribution
Channel (project sales, exclusive agency,
retailers) by Region (Metro Manila, Calabarzon
Region, Central Visayas) by Market Share of Major
Companies (Firefly Electric and Lighting
Corporation (FELCO),
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• Philips Electronic and Lighting, Inc. (PELI),
  Yatai International Corporation Omni Lighting,
  GES, General Electric Philippines, Akari Lighting
  Technology)
• Growing Infrastructure and construction industry
  in the country is expected to raise the demand
  for LED lights to meet the public lighting needs
• Initiatives by the government and major players
  to raise the awareness of energy efficient
  lighting systems among the public are expected to
  increase the LED light penetration rate among the
  residential customers.
• Rising concerns among the public about
  sustainable environment and demand for lighting
  systems that are less harmful to the environment,
  to raise the demand for LED lights

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The LED lights market in Philippines is currently
in a nascent stage and is expected to grow at a
remarkable rate in the coming five years.
Manufacturing plants for LED lights are expected
to be installed in the country by both national
and international players. The demand for LED
lights has shown a consistent rise since its
inception in the Philippines and the same trend
is expected to continue at least for the next
five years. Rising demand for the product is
expected to increase competition in the market.
New players are expected to rise and the major
parameter of competition shall be price. The lack
of awareness has constrained the penetration of
LED lights in the country. To deal with the
scenario, major players in the market are
increasingly focusing on spreading awareness
among the people related to the use of LED
lights. The countrys president Rodrigo Duterte
has envisioned a plan called golden age of
infrastructure which is expected to be majorly
financed by the influx of money from China and
Japan.
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It is an infrastructure development project with
an estimated investment of USD 168 billion on
5,000 developmental projects across the nation
within the next six years. These infrastructure
projects are expected to raise the demand for LED
lightings to meet the public lighting needs. The
awareness programs conducted by both government
and players in the market are expected to raise
the LED light penetration rate in the country by
at least 40 by 2021. Especially, the penetration
among the residential customers is expected to
rise in the coming years due to the
sustainability concern. Ken Research in its
latest study, Philippines LED Lights Market
Outlook to 2021, observed that the rising
residential and commercial construction in the
country and the government plans to reach 100 in
the electricity penetration shall amplify the
growth
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rate of LED lights market in the country. An
emphasis on local manufacturing, increased focus
on the residential customers and implementation
of a standard regulatory framework for the market
shall support growth in the market. The
Philippines LED lights market is estimated to
register a positive CAGR of over 20 during
2017-2021. Rising awareness activities, reduction
in the prices, infrastructural developments,
government initiatives, improved product
offerings and similar other factors are expected
to be key drivers for a growth in the demand for
LED lights in the country. The report provides
information on the types of LED, its usage, types
of luminaires, type of lamps, distribution
channel and the regions dominating the market in
terms of revenues. It also covers the major
players in the market such as Yatai International
Corporation, firefly
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• Electric and Lighting Corporation, Akari Lighting
  Technology, General Electric Philippines,
  Philips Electronics and Lighting, Inc. (PELI) and
  Green Energy Saving (GES).
• Key Topics Covered in the Report
• Philippines Manufacturing LED
• Philippines LED Sales
• Revenue LED Philippines
• LED Lights Sales in Philippines
• Indoor LED Lights in Philippines
• LED Lights Application Philippines
• Industry Size Forecast LED Light
• To know more about the research report
• https//www.kenresearch.com/consumer-products-and-
  retail/consumer-electronics/philippines-led-lighti
  ng-market/139309-95.html

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Related Reports by Ken Research https//www.kenres
earch.com/consumer-products-and-retail/consumer-el
ectronics/us-led-lighting-market-report/96117-95.h
tml https//www.kenresearch.com/energy-and-utilit
ies/power/india-led-lighting-market-research-repor
t/617-103.html Contact Ken Research Ankur
Gupta, Head Marketing Communications query_at_kenre
search.com 91-124-4230204
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