Vietnam LED Lighting Market Report and Forecasts 2017 To 2022
According to a new report by Expert Market Research, the Vietnam LED lighting market reached a value of US$ 152 Million in 2016 and is further expected to reach US$ 384 Million by 2022.
According to a new report by Expert Market Research, the Vietnam LED lighting market reached a value of US$ 152 Million in 2016 and is further expected to reach US$ 384 Million by 2022.
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<strong>Vietnam</strong> <strong>LED</strong> <strong>Lighting</strong> <strong>Market</strong> to Reach US$ 384<br />
Million by <strong>2022</strong><br />
Copyright © 2016 Expert <strong>Market</strong> Research. All Rights
REPORT DESCRIPTION<br />
<strong>Vietnam</strong> <strong>LED</strong> <strong>Lighting</strong> <strong>Market</strong> to Reach US$ 384 Million by <strong>2022</strong><br />
Light emitting diodes (<strong>LED</strong>s) are semiconductors that produce <strong>and</strong> emit light when activated. Owing to<br />
the benefits of <strong>LED</strong>s, they are considered as better alternative to other sources of light. In comparison<br />
to conventional lights, <strong>LED</strong>s use energy more efficiently as they are directional light sources that emit<br />
light in a specific direction. They are the ideal choice for use in rough conditions on account of their<br />
durability <strong>and</strong> strength. In addition, <strong>LED</strong>s are environment-friendly as they radiate less heat <strong>and</strong> do not<br />
contain harmful chemicals like mercury.<br />
Some of the other advantages include small size, good colour rendering, high luminescence <strong>and</strong><br />
longer operational life. In <strong>Vietnam</strong>, <strong>LED</strong>s were initially used in traffic lights <strong>and</strong> advertising industry.<br />
However, with the increasing awareness about their advantages, they are now being used in various<br />
sectors such as residential lighting, street lighting, commercial lighting, etc. According to a new report<br />
by Expert <strong>Market</strong> Research, the <strong>Vietnam</strong> <strong>LED</strong> lighting market reached a value of US$ 152 Million in<br />
2016 <strong>and</strong> is further expected to reach US$ 384 Million by <strong>2022</strong>.<br />
The production of <strong>LED</strong>s in <strong>Vietnam</strong> has witnessed a significant growth during the year 2009-2016. This<br />
can be accredited to a number of forces. With the rising environmental concerns <strong>and</strong> increasing<br />
expenses on the generation of electricity, the <strong>Vietnam</strong>ese government is encouraging the use of<br />
energy-efficient lights. The growing use of <strong>LED</strong>s in high-tech products such as television, digital<br />
camera, smart phones <strong>and</strong> automobiles have also resulted in rising dem<strong>and</strong> for <strong>LED</strong>s in <strong>Vietnam</strong>.<br />
Moreover, urbanization, rising population, increasing disposable incomes <strong>and</strong> infrastructural<br />
development represent some of the other factors which have further facilitated the market growth.
REPORT DESCRIPTION<br />
Key findings from the report:<br />
• The major end-uses of <strong>LED</strong>s in <strong>Vietnam</strong> include residential, commercial <strong>and</strong> outdoor lighting.<br />
• On the basis of product type, the <strong>Vietnam</strong> <strong>LED</strong> lighting market has been classified as <strong>LED</strong> lamps <strong>and</strong><br />
modules <strong>and</strong> <strong>LED</strong> fixtures.<br />
• Being concentrated in nature, the <strong>Vietnam</strong> <strong>LED</strong> lighting market is dominated by a small number of<br />
players which include Dien Quang, Rang Dong <strong>and</strong> Philips.<br />
<strong>To</strong> request a sample copy of this report, click on the link below:<br />
http://www.expertmarketresearch.com/request?type=report&id=83&flag=B<br />
Expert <strong>Market</strong> Research has analysed the global chickpeas market according to type, major regions<br />
<strong>and</strong> top players:<br />
<strong>Market</strong> breakup by End-use<br />
- Residential <strong>Lighting</strong><br />
- Commercial <strong>Lighting</strong><br />
- Outdoor <strong>Lighting</strong>
REPORT DESCRIPTION
REPORT DESCRIPTION<br />
<strong>Market</strong> breakup by Product Type<br />
- <strong>LED</strong> Lamps <strong>and</strong> Modules<br />
- <strong>LED</strong> Fixtures<br />
<strong>To</strong>p players<br />
- Dien Quang<br />
- Rang Dong<br />
- Philips<br />
Click here for summary of the report with TOC:<br />
http://www.expertmarketresearch.com/reports/vietnam-led-market<br />
Find more reports on Technology <strong>and</strong> Media market research:<br />
http://www.expertmarketresearch.com/categories/technology-market-reports
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