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Vietnam LED Lighting Market Size, Top Manufacturers, Industry Insights and Forecast 2023-2028

01-12-2023 01:06 PM CET | Energy & Environment

Press release from: IMARC Group

Vietnam LED Lighting Market Size, Top Manufacturers, Industry

According to IMARC Group's latest report, titled "๐—ฉ๐—ถ๐—ฒ๐˜๐—ป๐—ฎ๐—บ ๐—Ÿ๐—˜๐—— ๐—Ÿ๐—ถ๐—ด๐—ต๐˜๐—ถ๐—ป๐—ด ๐— ๐—ฎ๐—ฟ๐—ธ๐—ฒ๐˜: ๐—œ๐—ป๐—ฑ๐˜‚๐˜€๐˜๐—ฟ๐˜† ๐—ง๐—ฟ๐—ฒ๐—ป๐—ฑ๐˜€, ๐—ฆ๐—ต๐—ฎ๐—ฟ๐—ฒ, ๐—ฆ๐—ถ๐˜‡๐—ฒ, ๐—š๐—ฟ๐—ผ๐˜„๐˜๐—ต, ๐—ข๐—ฝ๐—ฝ๐—ผ๐—ฟ๐˜๐˜‚๐—ป๐—ถ๐˜๐˜† ๐—ฎ๐—ป๐—ฑ ๐—™๐—ผ๐—ฟ๐—ฒ๐—ฐ๐—ฎ๐˜€๐˜ ๐Ÿฎ๐Ÿฌ๐Ÿฎ๐Ÿฏ-๐Ÿฎ๐Ÿฌ๐Ÿฎ๐Ÿด," the Vietnam LED lighting market size reached US$ 647.6 Million in 2022. Looking forward, IMARC Group expects the market to reach US$ 982.8 Million by 2028, exhibiting a growth rate (CAGR) of 7% during 2023-2028.

Light-emitting diode (LED) light is a type of solid-state lighting (SSL) that is made using a p-n junction. It is a semiconductor device with a special kind of diode that blocks the current in the reverse direction, allowing the current to flow in the forward direction. When compared to halogen or incandescent illumination systems, these lights consume less energy and produce high brightness without flickering. In addition to this, a well-designed LED lighting system offers various advantages, such as durability, versatility, better efficiency, smaller size, and environment friendly.โ€ฏ In Vietnam, LED lighting is witnessing a significant surge in application in outdoor and indoor settings of residential and commercial areas.

๐——๐—ผ๐˜„๐—ป๐—น๐—ผ๐—ฎ๐—ฑ ๐—ณ๐—ฟ๐—ฒ๐—ฒ ๐˜€๐—ฎ๐—บ๐—ฝ๐—น๐—ฒ ๐—ฏ๐—ฟ๐—ผ๐—ฐ๐—ต๐˜‚๐—ฟ๐—ฒ: https://www.imarcgroup.com/vietnam-led-market/requestsample

๐—ฉ๐—ถ๐—ฒ๐˜๐—ป๐—ฎ๐—บ ๐—Ÿ๐—˜๐—— ๐—Ÿ๐—ถ๐—ด๐—ต๐˜๐—ถ๐—ป๐—ด ๐— ๐—ฎ๐—ฟ๐—ธ๐—ฒ๐˜ ๐—ง๐—ฟ๐—ฒ๐—ป๐—ฑ๐˜€:

The increasing consumer awareness regarding the detrimental effects of incandescent lights, such as cataracts and vision damage, represents one of the key factors boosting the market growth in Vietnam. Additionally, the Government of Vietnam is undertaking various projects, such as Vietnam Energy Efficient Public Lighting Project (VEEPL) and Vietnam National Energy Efficiency Planโ€ฏ(VNEEP), to promote the use of LED lighting and reduce carbon footprints and energy consumption, which, in turn, is favoring the market growth. Rapid infrastructural development and lowering prices of LED lighting in the country are other growth-inducing factors. Moreover, the replacement of incandescent street lighting with LED lighting and the increasing product application in indoor settings, such as hotels and restaurants, as exterior and interior decorations are creating a positive outlook for the market.

๐—–๐—ต๐—ฒ๐—ฐ๐—ธ๐—ผ๐˜‚๐˜ ๐—ก๐—ผ๐˜„: https://www.imarcgroup.com/checkout?id=702&method=1

๐—ž๐—ฒ๐˜† ๐— ๐—ฎ๐—ฟ๐—ธ๐—ฒ๐˜ ๐—ฆ๐—ฒ๐—ด๐—บ๐—ฒ๐—ป๐˜๐—ฎ๐˜๐—ถ๐—ผ๐—ป:

The report has segmented the Vietnam LED lighting market on the basis of product type, application, installation type and region.

๐—•๐—ฟ๐—ฒ๐—ฎ๐—ธ๐˜‚๐—ฝ ๐—ฏ๐˜† ๐—ฃ๐—ฟ๐—ผ๐—ฑ๐˜‚๐—ฐ๐˜ ๐—ง๐˜†๐—ฝ๐—ฒ:

โ€ข Bulb and Tube Light
โ€ข Panel Light
โ€ข Street Light
โ€ข Down Light
โ€ข Flood Light
โ€ข Others

๐—•๐—ฟ๐—ฒ๐—ฎ๐—ธ๐˜‚๐—ฝ ๐—ฏ๐˜† ๐—”๐—ฝ๐—ฝ๐—น๐—ถ๐—ฐ๐—ฎ๐˜๐—ถ๐—ผ๐—ป:

โ€ข Commercial
โ€ข Residential
โ€ข Institutional
โ€ข Industrial

๐—•๐—ฟ๐—ฒ๐—ฎ๐—ธ๐˜‚๐—ฝ ๐—ฏ๐˜† ๐—œ๐—ป๐˜€๐˜๐—ฎ๐—น๐—น๐—ฎ๐˜๐—ถ๐—ผ๐—ป ๐—ง๐˜†๐—ฝ๐—ฒ:

โ€ข New Installation
โ€ข Retrofit Installation

๐—”๐˜€๐—ธ ๐—”๐—ป๐—ฎ๐—น๐˜†๐˜€๐˜ ๐—ณ๐—ผ๐—ฟ ๐Ÿญ๐Ÿฌ% ๐—ณ๐—ฟ๐—ฒ๐—ฒ ๐—ฐ๐˜‚๐˜€๐˜๐—ผ๐—บ๐—ถ๐˜‡๐—ฒ๐—ฑ ๐—ฟ๐—ฒ๐—ฝ๐—ผ๐—ฟ๐˜: https://www.imarcgroup.com/vietnam-led-market

๐—ž๐—ฒ๐˜† ๐—›๐—ถ๐—ด๐—ต๐—น๐—ถ๐—ด๐—ต๐˜๐˜€ ๐—ผ๐—ณ ๐˜๐—ต๐—ฒ ๐—ฅ๐—ฒ๐—ฝ๐—ผ๐—ฟ๐˜:

โ€ข Market Performance (2017-2022)
โ€ข Market Outlook (2023-2028)
โ€ข Market Trends
โ€ข Market Drivers and Success Factors
โ€ข Impact of COVID-19
โ€ข Value Chain Analysis
โ€ข 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.

๐—”๐—ฏ๐—ผ๐˜‚๐˜ ๐—จ๐˜€:

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.

๐—–๐—ผ๐—ป๐˜๐—ฎ๐—ฐ๐˜ ๐—จ๐—ฆ:

IMARC Group
30 N Gould St, Ste R
Sheridan, WY 82801, USA
Website: https://www.imarcgroup.com/
Email: sales@imarcgroup.com
Americas: +1-631-791-1145 | Europe & Africa: +44-753-713-2163 | Asia: +91-120-433-0800

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