Press Release

According to the Vietnam LED lighting market report by IMARC Group, the market size reached US$ 248.7 Million in 2018. The market is projected to reach a value of US$ 818.2 Million by 2024, expanding at a CAGR of 21% during 2019-2024. A light-emitting diode (LED) is a semiconductor device which produces non-coherent, narrow-spectrum light when an electric current is passed through it. In comparison with conventional lighting technologies like incandescent and fluorescent lights, LED lights have a longer lifespan, produce less heat and consume relatively less energy. Apart from this, they are environment-friendly in nature as they save almost 90% of the overall energy consumption. They are currently available in different colors and shapes, whereas some models are also equipped with dimmable controls.

Vietnam LED Lighting Market Trends:

As LED lights aid in reducing excess energy consumption and carbon footprints, they are rapidly replacing incandescent lights in the streets of Vietnam. Moreover, the Vietnamese Government is encouraging the adoption of LED lights to combat high electricity consumption in the country by introducing programs like Vietnam Energy Efficient Public Lighting Project (VEEPL) and Vietnam National Energy Efficiency Plan (VNEEP). Apart from this, the high rate of urbanization and increasing influx of Foreign Direct Investments (FDI) is boosting the real estate sector in the country which, in turn, is strengthening the growth of the Vietnam LED lighting market. Further, as the share of modern retail spaces in the country is less as compared to other developing countries, the Ministry of Industry and Trade in Vietnam has decided to accommodate more supermarkets, shopping malls and commercial centers. This, coupled with the burgeoning tourism sector, is catalyzing the demand for LED lights in the commercial sector.

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Table of Contents

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 Global LED Lighting Industry
5.1 Market Overview
5.2 Market Performance
5.2.1 Volume Trends
5.2.2 Value Trends
5.3 Market Breakup by Region
5.4 Market Breakup by Application
5.5 Market by LED Products: LED Lamps, Modules and Fixtures
5.5.1 Current and Historical Market Trends
5.5.2 Market Forecast
5.6 Market Forecast
6 Vietnam Lighting Industry
6.1 Market Overview
6.2 Market Performance
6.3 Market Breakup by Application
6.4 Market Breakup by Technology
6.5 Market Forecast
7 Vietnam LED Industry
7.1 Market Overview
7.2 Market Performance
7.2.1 Volume Trends
7.2.2 Value Trends
7.3 Price Analysis
7.3.1 Key Price Indicators
7.3.2 Price Structure
7.3.3 Price Trends
7.4 Market Breakup by Product Type
7.5 Market Breakup by Application
7.6 Market Breakup by Installation Type
7.7 Market Forecast
7.8 SWOT Analysis
7.8.1 Overview
7.8.2 Strengths
7.8.3 Weaknesses
7.8.4 Opportunities
7.8.5 Threats
7.9 Value Chain Analysis
7.9.1 Raw Material Procurement
7.9.2 Manufacturing
7.9.3 Marketing
7.9.4 Distribution
7.9.5 Exports
7.9.6 End-Use
7.10 Porter’s Five Forces Analysis
7.10.1 Overview
7.10.2 Bargaining Power of Buyers
7.10.3 Bargaining Power of Suppliers
7.10.4 Degree of Competition
7.10.5 Threat of New Entrants
7.10.6 Threat of Substitutes
7.11 Key Market Drivers and Success Factors
7.12 Key Risk Factors for LED Manufacturers
7.13 Comparison of LED’s with Conventional Lighting Technologies
8 Market Breakup by Product Type
8.1 Bulb and Tube Light
8.1.1 Market Trends
8.1.2 Market Forecast
8.2 Panel Light
8.2.1 Market Trends
8.2.2 Market Forecast
8.3 Street Light
8.3.1 Market Trends
8.3.2 Market Forecast
8.4 Down Light
8.4.1 Market Trends
8.4.2 Market Forecast
8.5 Flood Light
8.5.1 Market Trends
8.5.2 Market Forecast
8.6 Others
8.6.1 Market Trends
8.6.2 Market Forecast
9 Market Breakup by Application
9.1 Commercial Application
9.1.1 Market Trends
9.1.2 Market Forecast
9.2 Residential Application
9.2.1 Market Trends
9.2.2 Market Forecast
9.3 Institutional Application
9.3.1 Market Trends
9.3.2 Market Forecast
9.4 Industrial Application
9.4.1 Market Trends
9.4.2 Market Forecast
10 Market Breakup by Installation Type
10.1 New Installation
10.1.1 Market Trends
10.1.2 Market Forecast
10.2 Retrofit Installation
10.2.1 Market Trends
10.2.2 Market Forecast
11 Competitive Landscape
11.1 Market Structure
11.2 Market Breakup by Key Players
12 SMD LED Manufacturing Process
12.1 Product Overview
12.2 Detailed Process Flow
12.3 Various Types of Unit Operations Involved
12.4 Mass Balance and Raw Material Requirements
12.5 Major Machinery Pictures
13 SMD LED Module Manufacturing Process
13.1 Product Overview
13.2 Detailed Process Flow
13.3 Various Types of Unit Operations Involved
13.4 Mass Balance and Raw Material Requirements
13.5 Major Machinery Pictures
14 SMD LED based Fixture (Street Light) Manufacturing Process
14.1 Product Overview
14.2 Detailed Process Flow
14.3 Various Types of Unit Operations Involved
14.4 Mass Balance and Raw Material Requirements
14.5 Major Machinery Pictures
15 Project Details, Requirements and Costs Involved
15.1 Land Requirements and Expenditures
15.2 Construction Requirements and Expenditures
15.3 Plant Machinery
15.4 Raw Material Requirements and Expenditures
15.5 Raw Material and Final Product Pictures
15.6 Packaging Requirements and Expenditures
15.7 Transportation Requirements and Expenditures
15.8 Utility Requirements and Expenditures
15.9 Manpower Requirements and Expenditures
15.10 Other Capital Investments
16 Loans and Financial Assistance
17 Project Economics
17.1 Capital Cost of the Project
17.2 Techno-Economic Parameters
17.3 Product Pricing and Margins Across Various Levels of the Supply Chain
17.4 Taxation and Depreciation
17.5 Income Projections
17.6 Expenditure Projections
17.7 Financial Analysis
17.8 Profit Analysis
18 Key Player Profiles

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