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Philippines LED Market Expected to Generate a Revenue of US $864 Million by 2024 - ResearchAndMarkets.com

January 7, 2020 GMT

DUBLIN--(BUSINESS WIRE)--Jan 7, 2020--

The “Philippines LED Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2019-2024” report has been added to ResearchAndMarkets.com’s offering.

Philippines LED market is currently growing at a robust rate and is expected to reach revenues worth US$ 864 Million by 2024.

LED lights are significantly more efficient than conventional lighting products and produce more light per watt. Moreover, LEDs have a significantly longer lifespan compared to conventional light with estimates suggesting that LEDs have 35,000 to 50,000 hours of useful life, though time to complete failure may be longer. Some of the other advantages of LEDs include low maintenance costs, sturdiness, safety, non-toxicity, etc. Moreover, the Philippines government is also playing an active role in driving the demand of LED products through subsidies and a ban on incandescent lights.

Electricity costs in the Philippines represent among the highest in the world due in large part to the country’s dependence on expensive imported fossil fuels, both diesel oil and coal. With lighting currently accounting for 18-20% of the total electricity consumption in the country, energy efficient lighting such as LED’s represent a key driver in reducing the electricity costs. Some of the other major factors driving the demand of LED products in Philippines include reducing costs of LED lights, launch of numerous public and private infrastructure projects and rising consumer awareness levels.

Key Questions Answered in This Report:

Report Coverage:

Key Topics Covered:

1 Preface

2 Scope and Methodology

2.1 Objectives of the Study

2.2 Stakeholders

2.3 Data Sources

2.3.1 Primary Sources

2.3.2 Secondary Sources

2.4 Market Estimation

2.4.1 Bottom-Up Approach

2.4.2 Top-Down Approach

2.5 Forecasting Methodology

3 Executive Summary

4 Introduction

4.1 Overview

4.2 Key Industry Trends

5 Philippines Lighting Industry

5.1 Market Overview

5.2 Market Performance

5.3 Market Breakup by Application

5.4 Market Breakup by Technology

6 Why is the LED Market so Lucrative in Philippines

7 Philippines LED Industry

7.1 Market Overview

7.2 Market Performance

7.3 Market Breakup by Product Type

7.4 Market Breakup by Application

7.5 Market Breakup by Installation Type

7.6 Market Breakup by Region

7.7 Market Breakup by Indoor and Outdoor Applications

7.8 Market Forecast

7.9 SWOT Analysis

7.9.1 Overview

7.9.2 Strengths

7.9.3 Weaknesses

7.9.4 Opportunities

7.9.5 Threats

7.10 Value Chain Analysis

7.11 Porters Five Forces Analysis

7.11.1 Overview

7.11.2 Bargaining Power of Buyers

7.11.3 Bargaining Power of Suppliers

7.11.4 Degree of Competition

7.11.5 Threat of New Entrants

7.11.6 Threat of Substitutes

7.12 PESTEL Analysis

7.12.1 Political

7.12.2 Economic

7.12.3 Social

7.12.4 Legal

7.12.5 Environmental

7.12.6 Technological

7.13 Price Analysis

7.13.1 Price Indicators

7.13.2 Price Structure

7.13.3 Margin Analysis

7.14 Key Market Drivers and Success Factors

8 Philippines LED Industry: Market Breakup by Product Type

8.1 Panel Lights

8.1.1 Market Trends

8.1.2 Market Forecast

8.2 Down Lights

8.3 Street Lights

8.4 Tube Lights

8.5 Bulbs

8.6 Others

9 Philippines LED Industry: Market Breakup by Application

9.1 Commercial

9.1.1 Market Trends

9.1.2 Market Forecast

9.2 Residential

9.3 Institutional

9.4 Industrial

9.5 Others

10 Philippines LED Industry: Market Breakup by Installation Type

10.1 New Installation

10.1.1 Market Trends

10.1.2 Market Forecast

10.2 Retrofit Installation

11 Government Regulations

12 Strategic Recommendations

13 Competitive Landscape

13.1 Market Structure

13.2 Key Players

13.3 Profiles of Key Players

For more information about this report visit https://www.researchandmarkets.com/r/l1e63n

View source version on businesswire.com:https://www.businesswire.com/news/home/20200107005904/en/

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PUB: 01/07/2020 12:08 PM/DISC: 01/07/2020 12:08 PM