The flourishing LED lighting market


The flourishing LED lighting market.


The lighting market of Vietnam in 2019 will be continuously thriving on the neo-product generation named LED light appliances, according to experts’ forecast.


Compounded Annual Growth Rate (CAGR) of LED light appliances in 2019 of Vietnam has been grown for years, especially the period 2017 – 2022, as a result of rapidly progressed urbanization. Consequently, the consuming amount of LED lighting is also increasing in such way. With this assumption, Viet Nam is considered a highly potential market for the enterprises manufacturing and trading LED light appliances from both domestic and foreign.


Photo: LED lighting market with diverse designs

According to report of the market research IMARC, lighting will achieve approximately $1.4 billion with the CAGR 9.3% in the period 2017 – 2022, in which, LED light occupies 24.8% ($360 million) in 2022. Specifically, industrial and institutional LED lighting will grow by 19.6% and 16.9% successively.

It means that LED lighting market of Vietnam will lead to a drastic competition between domestic and foreign enterprises

Indeed, the domestic enterprises have more advantages because the Vietnamese institutions are taking interest in the development of LED technology. Regarding to the conference “Proposal for the development of LED lighting industry till 2025” held by CENTER FOR HIGH TECHNOLOGY DEVELOPMENT belongs to Vietnam Academy of Science and Technology, the participants has discussed and agreed with resolutions for the competition of products from outer nations. In that way, to diminish penetration of low-quality products, QA-QC will be constructed adapting to international standards. This is an advantage that will benefit local companies.

Photo: LED lights for luxury decoration

However, the foreign competitors in LED light fields has become more competitive since they are willing to reduce the price, run the attractive promotion programs so as to expand the market share. Meanwhile, many famous LED light manufacturers has come to Vietnam through various forms of dealing, Mergers & Acquisitions, trading, investment… so that numerous contractors are permitted to quickly penetrate to Vietnam market without creating the brand awareness segment.

LED lighting in Vietnam is therefore potential and competitive fiercely though. Last but not least, this development will benefit our consumers the most.

  • Share:
News other

“Japan Quality”; “the Journey of Seven Decades”; “LED Manufacturer” – Odelic is well-known one of the big guys specialized in Lighting business for over 70 years.

"Dự án Vườn Ánh Sáng - Lumière Đà Lạt là sự kết hợp hoàn hảo giữa ánh sáng, âm thanh, hiệu ứng và hình ảnh sống động và chân thực trong thủ pháp nghệ thuật đắm chìm. Tất cả tạo nên sự choáng ngợp và cảm xúc dâng trào."

Ở Việt Nam, Thủy Nguyễn được biết đến và mến mộ với những bộ sưu tập đặc sắc mang đậm giá trị thuần phong mĩ tục. Luôn đồng hành cùng Thủy Design House từ các sự kiện triển lãm cho đến showroom trưng bày, Minh Tường Technology hãnh diện góp phần làm tôn lên vẻ đẹp của các bộ trang phục kết hợp với nghệ thuật chiếu sáng.

For each of Vietnamese houses, light plays an important role as the soul of home and owner since it demonstrates its supreme effect onto every activities...

Thời buổi công nghệ và kỹ thuật số, con người hiện đại có xu hướng tương tác nhiều hơn thông qua smartphone. Cùng với các hãng công nghệ hàng đầu thế giới, Schneider – thương hiệu 2 thế kỷ đến từ Pháp – đã phát triển hệ thống thiết bị điều khiển-báo động trong nhà mang tên Wiser.

(CS Department)
Are you vistting the website by mobile?
Please click on the phone number to make a quick call to us.