Market Research Reports - Ken Research LED Lights Application Philippines | Page 2

LED reflectors dominated the market from the LED lamps segment. It held a share of ~% as of
2016. It was followed by LED tubes and other lamps that accounted for ~% and ~% respectively
during the same year.
In 2016, the usage of LED lights in the outdoor area held a share of ~% in the overall revenue of
LED lights market in the Philippines. The use of LED lights in the indoor space is not yet widely
accepted in the country due to which it held a share of ~% in the overall revenue of the market
during 2016.
In terms of revenue generation, project sales dominated the market with a share of ~% in the
overall revenue of the market in 2016. Majority of the outdoor and indoor lighting needs are
met through project sales. Project sales are followed by the exclusive agency and retailers with
a share of ~% and ~% respectively during 2016.
In terms of revenue generation from the sale of LED lights, Metro Manila dominated the market
as of 2016, with a share of ~%. It is followed by CALABARZON, Central Visayas and other regions
with a share of ~%, ~% and ~% respectively during same year.
Competitive Landscape
The Philippines LED lights market is highly concentrated with the dominance of few leading
lighting assemblers and distributors in the country. There are a significant number of
assemblers and distributors of LED lights in the country but the market is dominated by a few
international and domestic players. Nearly 90% of the market is dominated by top six players in
the market. Since the sector requires large amount of capital to be invested, this has inhibited
the emergence of several companies in the space. Frequent introduction of new LED products,
rapid changes in technology, meeting the changing customer requirements, long product life
cycle, prices and number of retail outlets are common platforms on which the competition
prevails in the overall lighting market of the country. The major players in the market include
Philips, Yatai, Firefly, Akari, General Electric and Green Energy Saving.
Future Potential of Philippines LED Lights Market
The Philippines LED lights market is expected to grow at a rapid pace at a CAGR of ~% from
2016 to 2021 owing to rising number of market players, increasing awareness about energy-
efficient lighting systems among customers, and growing efforts of government to shift
customers towards the environment friendly LED lights. The LED lighting market will witness
launch of innovative LED products being introduced in the market by major players attracting
the Filipinos. Innovations done in the design and features of LED lights are expected to attract
more customers. Especially, the features such as connectivity to mobile devices providing the
ease and convenience of adjusting the brightness and color temperature of LED lights through