Market Research Reports - Ken Research LED Lights Application Philippines

Philippines LED Lights Market is Expected to Cross USD 500 Million in Revenues by 2021: Ken
Research
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.