Press release
Vietnam LED Lighting Market Size, Top Manufacturers, Industry Insights and Forecast 2023-2028
According to IMARC Group's latest report, titled "๐ฉ๐ถ๐ฒ๐๐ป๐ฎ๐บ ๐๐๐ ๐๐ถ๐ด๐ต๐๐ถ๐ป๐ด ๐ ๐ฎ๐ฟ๐ธ๐ฒ๐: ๐๐ป๐ฑ๐๐๐๐ฟ๐ ๐ง๐ฟ๐ฒ๐ป๐ฑ๐, ๐ฆ๐ต๐ฎ๐ฟ๐ฒ, ๐ฆ๐ถ๐๐ฒ, ๐๐ฟ๐ผ๐๐๐ต, ๐ข๐ฝ๐ฝ๐ผ๐ฟ๐๐๐ป๐ถ๐๐ ๐ฎ๐ป๐ฑ ๐๐ผ๐ฟ๐ฒ๐ฐ๐ฎ๐๐ ๐ฎ๐ฌ๐ฎ๐ฏ-๐ฎ๐ฌ๐ฎ๐ด," 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.โฏ In Vietnam, LED lighting is witnessing a significant surge in application in outdoor and indoor settings of residential and commercial areas.
๐๐ผ๐๐ป๐น๐ผ๐ฎ๐ฑ ๐ณ๐ฟ๐ฒ๐ฒ ๐๐ฎ๐บ๐ฝ๐น๐ฒ ๐ฏ๐ฟ๐ผ๐ฐ๐ต๐๐ฟ๐ฒ: https://www.imarcgroup.com/vietnam-led-market/requestsample
๐ฉ๐ถ๐ฒ๐๐ป๐ฎ๐บ ๐๐๐ ๐๐ถ๐ด๐ต๐๐ถ๐ป๐ด ๐ ๐ฎ๐ฟ๐ธ๐ฒ๐ ๐ง๐ฟ๐ฒ๐ป๐ฑ๐:
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 Planโฏ(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.
๐๐ต๐ฒ๐ฐ๐ธ๐ผ๐๐ ๐ก๐ผ๐: https://www.imarcgroup.com/checkout?id=702&method=1
๐๐ฒ๐ ๐ ๐ฎ๐ฟ๐ธ๐ฒ๐ ๐ฆ๐ฒ๐ด๐บ๐ฒ๐ป๐๐ฎ๐๐ถ๐ผ๐ป:
The report has segmented the Vietnam LED lighting market on the basis of product type, application, installation type and region.
๐๐ฟ๐ฒ๐ฎ๐ธ๐๐ฝ ๐ฏ๐ ๐ฃ๐ฟ๐ผ๐ฑ๐๐ฐ๐ ๐ง๐๐ฝ๐ฒ:
โข Bulb and Tube Light
โข Panel Light
โข Street Light
โข Down Light
โข Flood Light
โข Others
๐๐ฟ๐ฒ๐ฎ๐ธ๐๐ฝ ๐ฏ๐ ๐๐ฝ๐ฝ๐น๐ถ๐ฐ๐ฎ๐๐ถ๐ผ๐ป:
โข Commercial
โข Residential
โข Institutional
โข Industrial
๐๐ฟ๐ฒ๐ฎ๐ธ๐๐ฝ ๐ฏ๐ ๐๐ป๐๐๐ฎ๐น๐น๐ฎ๐๐ถ๐ผ๐ป ๐ง๐๐ฝ๐ฒ:
โข New Installation
โข Retrofit Installation
๐๐๐ธ ๐๐ป๐ฎ๐น๐๐๐ ๐ณ๐ผ๐ฟ ๐ญ๐ฌ% ๐ณ๐ฟ๐ฒ๐ฒ ๐ฐ๐๐๐๐ผ๐บ๐ถ๐๐ฒ๐ฑ ๐ฟ๐ฒ๐ฝ๐ผ๐ฟ๐: https://www.imarcgroup.com/vietnam-led-market
๐๐ฒ๐ ๐๐ถ๐ด๐ต๐น๐ถ๐ด๐ต๐๐ ๐ผ๐ณ ๐๐ต๐ฒ ๐ฅ๐ฒ๐ฝ๐ผ๐ฟ๐:
โข Market Performance (2017-2022)
โข Market Outlook (2023-2028)
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.
๐๐ฏ๐ผ๐๐ ๐จ๐:
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.
๐๐ผ๐ป๐๐ฎ๐ฐ๐ ๐จ๐ฆ:
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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