Market Research Reports - Ken Research LED Lights Application Philippines

Philippines LED Lights Market Outlook to 2021: Ken Research
The report titled “Philippines LED Lights Market Outlook to 2021 – Government Efforts to
Induce LED Penetration and Optimization of Electricity to Develop Future Growth” covers
market size on the basis of revenue, market segmentation by type of LED, usage, type of
luminaire, type of lamps, distribution channel and by region. The report also includes the
government initiatives and regulations in LED lights market, competitive landscape and
company profiles for major players in the LED lights market. The report provides detailed
overview on the general features of LED lights in the country and future outlook & projections
with future strategies of the players in the market.
The report facilitate the readers with the identification and in-depth analysis of the existing and
future trends and issues that impacts the industry and has anticipated growth in the future
depending upon changing industry dynamics in coming years. The report is useful for LED lights
assemblers, manufacturers, commercial, industrial, government and residential customers and
other stakeholders to plan their market centric strategies in accordance with the ongoing and
expected trends in the future.
Industry Overview
LED lights market in the Philippines has displayed a tremendous increase at a CAGR of ~%. The
market is still in an infancy stage in the country. The growth showcased was led by higher
demand from the commercial and industrial end users for LED lights. The energy saving feature
of LED lights has lured these entities to adopt the technology. Lack of awareness among the
people led to a lower penetration of the technology in residential sector. Moreover, the
programs initiated by the government to LED streetlight retrofit, traffic lighting retrofit, public
lighting retrofit and others during this period has gained a significant traction for the LED
technology in the country.
Market Segmentation of Philippines LED Lights Market
In terms of revenue generation, Luminaires has dominated the market, with a share of ~% to
the total revenues of Philippines LED lights market during 2016 followed by Lamps that held a
share of ~% in the revenue.
The type of luminaire that dominated the Philippines LED market is panel light that accounted
for a share of ~% in the overall Led lighting market in the country in 2016. Panel Light was
followed by downlight, spot light and directional lights.