2016 Southeast Asia LED lighting market size and trend analysis

With the development of the global LED lighting industry, now the regional LED industry has formed a new pattern. The market is no longer occupied by developed countries such as Europe and the United States, many new blue ocean is emerging.

In Southeast Asia, most of the countries except Singapore are backward. However, rich human resources and natural resources make southeast Asia one of the most dynamic and potential areas of world economic development. In the future world political and economic structure, the role and strategic position of Southeast Asia will be more important. In addition, Southeast Asia is Chinese South and Southeast Asian countries, with China bilateral and multilateral friendly relations of cooperation, will also enter a development period, more closely.

The overall price of electricity in Southeast Asia is relatively high, the high price of electricity to promote the replacement of the needs of Southeast Asian countries is particularly evident. With the rapid increase of economic level in other Southeast Asian countries, per capita lighting demand will increase, resulting in energy saving awareness and demand growth, will make the LED lighting industry rapid popularization and growth in Southeast asia. In addition, Southeast Asia's infrastructure investment is very large, the policy is also very attractive, so it is becoming a promising domestic market.

Rapid increase in the size of LED lighting, penetration in 2016 reached 37%

According to LEDinside statistics, in six countries (Thailand, Singapore, Malaysia, Vietnam, Indonesia, Philippines) to calculate, in Southeast Asia in 2015 general lighting market size of about $4 billion 800 million, of which LED lighting scale of around 1 billion 500 million dollars. To 2016 LED lighting is expected to grow to $1 billion 900 million. 2014-2016, Southeast Asia LED lighting market share growth, penetration is expected to grow from 25% to 37%.

In addition to Singapore, the overall size of the Southeast Asian countries in recent years, the overall trend of rising, while the general decline in traditional lighting, LED lighting as the main growth momentum. The overall scale of Indonesia lighting and LED lighting topped, expected in 2016 Indonesia LED lighting market size of nearly $460 million.

Vietnam LED lighting market share in the major countries in Southeast Asia, the fastest growth, 2013-2015 average annual growth rate of more than 60%. Taking into account the growth of government subsidies and market demand brought about by the growth momentum, LED lighting penetration rate is expected to be further improved, to 2016, the penetration rate is expected to reach 41%.

Optimistic about the future trend, Southeast Asia will become the main export market for Chinese manufacturers

LEDinside said the Southeast Asian countries to observe imports of LED lighting products from China, the size of the import of six major countries in 2015 amounted to about $1 billion 540 million. Countries import scale in 2013 and the average annual growth rate of 2014, while in 2015 by the exchange rate factors and the economic environment, import growth slowed.

In major countries, Vietnam due to the large population and rapid growth in demand, the last two years, the scale of imports from China LED lighting products grew very rapidly, 2013-2015 growth in the first place in several countries. 2015 imports from China is expected to exceed $300 million.

From the market size and scale of imports, LED lighting in recent years, strong growth, the intensity of the replacement of traditional lighting has gradually strengthened. For imported mainly from local productive area of Southeast Asia, LED lighting needs to bring to enhance the demand for imports rose sharply, with China product prices, manufacturing capacity and geographical advantages, the scale of imports from Chinese achieve a rapid increase.

Although 2015 is the overall impact of the economic environment, market scale and import growth slowed, but expect the next few years, along with the policy incentives and replacement demand, LED lighting penetration and Southeast Asian imports will continue rapid promotion, Southeast Asia is gradually becoming the main destination Chinese manufacturer of LED lighting products.

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