Press release
Vietnam LED Lighting Market 2022 | Size, Top Manufacturers, Trends and Forecast to 2027
Year Considered to Estimate the Market Size:
Base Year of the Analysis: 2021
Historical Period: 2016-2021
Forecast Period: 2022-2027
๐๐ข๐๐ญ๐ง๐๐ฆ ๐๐๐ ๐๐ข๐ ๐ก๐ญ๐ข๐ง๐ ๐๐๐ซ๐ค๐๐ญ ๐๐ฏ๐๐ซ๐ฏ๐ข๐๐ฐ:
Light-emitting diodes (LEDs) refer to lighting solutions that convert electrical energy directly into light energy. As compared to incandescent or halogen illumination systems, they consume significantly less energy and produce high brightness output without flickering. Apart from this, LEDs are affordable, more energy-efficient, durable, and long-lasting than traditional compact fluorescent lamps (CFLs) and cold cathode fluorescent lamps (CCFLs). As a result, they are utilized in indoor and outdoor settings of residential and commercial areas and in diverse items, including recessed downlights, refrigerator case illumination, and under-cabinet lighting for kitchens.
๐๐จ๐ฐ๐ง๐ฅ๐จ๐๐ ๐๐ซ๐๐ ๐ฌ๐๐ฆ๐ฉ๐ฅ๐ ๐๐ซ๐จ๐๐ก๐ฎ๐ซ๐: https://www.imarcgroup.com/vietnam-led-market/requestsample
๐๐ข๐๐ญ๐ง๐๐ฆ ๐๐๐ ๐๐ข๐ ๐ก๐ญ๐ข๐ง๐ ๐๐๐ซ๐ค๐๐ญ ๐๐ซ๐๐ง๐๐ฌ:
The Vietnam LED market is primarily driven by the increasing need for smart lighting solutions across several industries. Furthermore, the rising consumer awareness regarding the detrimental effects of incandescent bulbs, such as vision damage and cataracts, is supplementing the product incorporation in streetlights. Additionally, the widespread adoption of LED lights in several commercial spaces, such as buildings, offices, hotels, schools, supermarkets, and shopping malls, owing to their longer life span and minimal power consumption, is favoring the market growth. Moreover, the introduction of the Vietnam National Energy Efficiency Plan (VNEEP) and the Vietnam Energy Efficient Public Lighting Project (VEEPL) has resulted in the uptake of LED lighting to lower energy use and carbon footprints, which are propelling the market growth. Besides this, strategic collaborations amongst key players to launch environment-friendly lighting solutions in different shapes with multiple light beam angles are contributing to the market growth.
๐๐ก๐๐๐ค๐จ๐ฎ๐ญ ๐๐จ๐ฐ: https://www.imarcgroup.com/checkout?id=702&method=1
Key Market Segmentation:
The report has segmented the Vietnam LED lighting market on the basis of product type, application, installation type and region.
Breakup by Product Type:
โข Bulb and Tube Light
โข Panel Light
โข Streetlight
โข Down Light
โข Flood Light
โข Others
Breakup by Application:
โข Commercial
โข Residential
โข Institutional
โข Industrial
Breakup by Installation Type:
โข New Installation
โข Retrofit Installation
๐๐ฌ๐ค ๐๐ง๐๐ฅ๐ฒ๐ฌ๐ญ ๐๐จ๐ซ ๐๐% ๐๐ซ๐๐ ๐๐ฎ๐ฌ๐ญ๐จ๐ฆ๐ข๐ณ๐๐ ๐ซ๐๐ฉ๐จ๐ซ๐ญ: https://www.imarcgroup.com/vietnam-led-market
Key Highlights of the Report:
โข Market Performance (2016-2021)
โข Market Outlook (2022-2027)
โข Market Trends
โข Market Drivers and Success Factors
โข Impact of COVID-19
โข Value Chain Analysis
โข Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
About Us:
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC's information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company's expertise.
Our offerings include comprehensive market intelligence in the form of research reports, production cost reports, feasibility studies, and consulting services. Our team, which includes experienced researchers and analysts from various industries, is dedicated to providing high-quality data and insights to our clientele, ranging from small and medium businesses to Fortune 1000 corporations.
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