LEDinside: Vietnam LED lighting market has become the focus of emerging markets

TrendForce's green energy division LEDinside latest "2017 Vietnam lighting market report" shows that Vietnam is the fourteenth largest in the world, it belongs to the emerging markets, GDP rose year after year, in recent years, the GDP growth rate are almost more than 6%, when the economic take-off, the influx of foreign, the vigorous development of the Vietnamese market point the day and await for it. LED lighting in Vietnam in addition to economic opportunity comes off stage, as will be accompanied by the electricity consumption rose, the Vietnam LED business should not be overlooked. LEDinside forecast 2017 LED lighting market size reached US $420 million, up to 20.6% years. In addition, the Vietnamese smart lighting market started late, at present only in high-end commercial lighting and outdoor places with a small amount of application. In 2017 the smart lighting market size of about $eighteen million, to 2020, Vietnam smart lighting market will be more than $60 million. Provide readers with reference LEDinside chapter excerpt.

The first chapter analyses the overall economic situation

Vietnam is the fourteenth largest in the world, it belongs to the emerging markets, GDP rose year after year, in recent years, the GDP growth rate are almost more than 6%, when the economic take-off, the influx of foreign, the vigorous development of the Vietnamese market point the day and await for it. LED lighting in Vietnam in addition to economic opportunity comes off stage, as will be accompanied by the electricity consumption rose, the Vietnam LED business should not be overlooked.

The second chapter infrastructure development

With the continuous influx of foreign direct investment in Vietnam, the establishment of industrial zone has become an important means of attracting foreign direct investment in Vietnam, Vietnam is committed to the modernization of industrial production, one strategy is the development of a number of industrial areas, to promote industrial investment. At present, there are a total of 328 Vietnamese Industrial Zone, the rate of nearly 73% has been operating in industrial zone.

The third chapter lighting market size and analysis

Vietnam traditional lighting market continued to decline in the past few years, LED lighting market has maintained a rising trend, expected in 2017 LED lighting market reached $420 million. In view of the type of products, because the more basic lighting needs, LED lighting market in Vietnam at present light bulb, lamp, lamp etc. replacement type light source product application is the highest, accounting for about 78% of 2017. In recent years due to the rise of local production, development of industry, manufacturers began to import from Vietnam Chinese parts to assemble their own in order to save costs, resulting from the scale of imports fell Chinese. Vietnam lighting market is gradually get rid of high dependence on imported products, to a more normal form. But it also makes the Chinese generation LED lighting factory's competitiveness have some negative effect.

Vietnam smart lighting market started late, at present only in high-end commercial lighting and outdoor places with a small amount of application. In 2017 the smart lighting market size of about $eighteen million. To 2020, Vietnam smart lighting market will be more than $60 million.

The fourth chapter is the analysis of lighting manufacturer introduction and strategy

The structure of imported Vietnam lighting industry chain mainly can be divided into five types: providing devices, imported components assembly, imported light + local lighting products + local assembly and foreign factories directly after the ODM delivery to countries, foreign manufacturers own brand by engineering or wholesale sales channels by foreign manufacturers for the local lighting factory. Overall, due to the lack of local manufacturing capacity, the Vietnamese market still with PHILPS, OSRAM and other international manufacturers share the highest, followed by Rang Dong and Dien Quang local manufacturers.

The fifth chapter mainly introduces the exhibition lighting

This section describes the Vietnamese well-known local related exhibitions, including LEDTEC ASIA and Vietnamese professional exhibition as the sound. In view of the scale, LED manufacturers can participate in the LEDTEC ASIA, if you want to specialize in dance lamp, stage equipment, or display device manufacturers, can participate in the professional exhibition as acousto-optic vietnam.

The sixth chapter mainly channel agents and engineering service vendors

In view of Hu Zhiming as Vietnam's commercial center, LEDinside mainly located in the city of Hu Zhiming to sort out the several LED lighting dealers, distributors, system integration and hydropower housework services company, for lighting manufacturers, to facilitate the layout of the Vietnamese market. In addition to report in sorting out the Vietnamese local retail channel.

The seventh chapter analysis Vietnam LED lighting product specifications and price

Compared with Europe and other mature markets, in addition to special projects, the Vietnamese market demand is not high on the indoor LED product specifications and certification, but for the main street municipal engineering project, there are certain requirements on the product specifications and lighting effect. Enterprises in the development of product planning, according to different projects, develop different product specifications and price. In addition, the Vietnamese domestic well-known manufacturers such as Dien, Quang, Duhal, Rang, Dong etc. actively develop online channels, launched its own brand of goods, a wide range of price.

The eighth chapter lighting related policies and regulations and standard project

Vietnam according to IEC standard, and on the basis of IEC according to the actual situation of countries to further develop their own standards. The main national standards related to Vietnam lighting is TCVN, but there is no mandatory certification for lighting. For non local lighting manufacturers, want to bid for government street local projects, it is best to choose a cooperation with lighting manufacturers well-known in the local, on behalf of local manufacturers to bid, will be easier to bid. If the bid is successful, can be sold to the manufacturers to lamp parts, then assembled and oem.

The ninth chapter into Vietnam lighting market analysis and suggestions

Vietnam Economic and social stability and economy continued to strengthen, vigorous. The young population structure and low labor costs