Philippines LED Lights Market is Expected to Cross USD 500 Million in Revenues by 2021: Ken Research REQUEST FOR SAMPLE REPORT Buy Now Request For sample Report × Report Title Name Email Designation Phone No Comapny Name Comapny URL Country -- Please Select Your Country -- Afganistan Africa Albania Algeria Andorra Angola Anguilla Antigua and Barbuda Argentina Armenia Aruba Asia Australasia Australia Austria Azerbaijan Bahamas Bahrain Bangladesh Barbados Belarus Belgium Belize Benin Bermuda Bhutan Bolivia Bonaire Bosnia Herzegovina Botswana Brazil BRICS British Virgin Islands Brunei Darussalam Bulgaria Burkina Faso Cambodia Cameroon Canada Cape Verde Cayman Islands Central African Republic Central and South America Chad Chile China Colombia Comoros Congo Costa Rica Cote d'Ivoire Croatia Cuba Curacao Cyprus Czech Republic Denmark Djibouti Dominica Dominican Republic Ecuador Egypt El Salvador Equatorial Guinea Eritrea Estonia Ethiopia Europe European Union Falkland Islands Faroe Islands Fiji Finland France French Guiana French Polynesia Gabon Gambia Georgia Germany Ghana Gibraltar Global Great Britain Greece Greenland Grenada Guadeloupe Guam Guatemala Guerney & Alderney Guinea Guinea-Bissau Guyana Haiti Honduras Hong Kong Hungary Iceland India Indonesia Iran Iraq Ireland Isle of Man Israel Italy Ivory Coast Jamaica Japan Jersey Jordan Kazakhstan Kenya Kiribati Kosovo Kuwait Kyrgyzstan Laos Latvia Lebanon Lesotho Liberia Libyan Arab Jamahiriya Liechtenstein Lithuania Luxembourg Macao Macau Macedonia Madagascar Malawi Malaysia Maldives Mali Malta Man (Island of) Marshall Islands Martinique Mauritania Mauritius Mayotte Mexico Micronesia Middle East Minnesota Moldova Monaco Mongolia Monserrat Montenegro Morocco Morroco Mozambique Myanmar Namibia Nepal Netherlands New Caledonia New Zealand Nicaragua Niger Nigeria Niue North America North Korea Norway Oman Pakistan Palau Palestine Panama Papua New Guinea Paraguay Peru Philippines Poland Portugal Puerto Rico Qatar Reunion Romania Russia Rwanda Saint Helena Saint Lucia Saint Martin Saint Pierre and Miquelon Saint Vincent and the Grenadines Samoa Samoa (American) San Marino Sao Tome and Principe Saudi Arabia Scandinavia Senegal Serbia Seychelles Sierra Leone Singapore Sint Maarten Slovakia Slovenia Solomon (Islands) Somalia South Africa South Korea South Sudan Spain Sri Lanka Sudan Suriname Svalbard and Jan Mayen Islands Swaziland Sweden Switzerland Syria Taiwan Tajikistan Tanzania Thailand Timor Leste Togo Tonga Trinidad and Tobago Tunisia Turkey Turkmenistan Turks and Caicos Islands Uganda Ukraine United Arab Emirates United Kingdom United States Uruguay Uzbekistan Vanuatu Vatican City Venezuela Vietnam Virgin Islands Western Sahara Yemen Zambia Zimbabwe Requirement Submit 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), 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 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 country’s 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. 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 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 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-lighting-market/139309-95.html Related Reports by Ken Research https://www.kenresearch.com/consumer-products-and-retail/consumer-electronics/us-led-lighting-market-report/96117-95.html https://www.kenresearch.com/energy-and-utilities/power/india-led-lighting-market-research-report/617-103.html Contact: Ken Research Ankur Gupta, Head Marketing & Communications query@kenresearch.com +91-124-4230204 Post Views: 6 Tags: Adoption LED Philippines, Akari Lighting Revenue LED Philippines, Competition LED Lights Philippines, Directional LED Light Market Philippines, Domestic Production LED Philippines, Downlights Industry Philippines, FELCO LED Sales Philippines, Firefly Electric Competition Philippines, Future LED Philippines, General Lighting Market Philippines, Growth Drivers LED Lighting Philippines, Indoor LED Lights in Philippines, Industry Size Forecast LED Light, LED Bulbs Imports Philippines, LED Cost Driver Philippines, LED Lamps Industry Philippines, LED Lamps Market in Philippines, LED Light Retrofit Market Philippines, LED Lights Application Philippines, LED Lights Component Sales Philippines, LED Lights Sales in Philippines, LED Luminaries Market Philippines, LED Reflector Market Philippines, LED Tubes Market Philippines, Outdoor LED Light Market Philippines, Panel Lights Market Philippines, Philippines LED Light Market, Philippines LED Lighting Market, Philippines LED Sales, Philippines LED Trends and Development, Philippines Manufacturing LED, Revenue LED Philippines, Spot Lights Market in Philippines, Traffic Lights Market Philippines, Yatai International Market Share Philippines