The Malaysian LED Lighting Market is growing owing to rising disposable incomes, an increasing population, and a rising construction industry in the country: Ken Research

Rising awareness of LED technology and rapid urbanization in the country are some of the major factors contributing to the development of the LED Lighting Market in Malaysia. 

Sustainable and Energy Efficient Technologies: During the research period 2017-2022, the Malaysian LED lights market showed a remarkable rise at a CAGR of ~%. It is backed up by the growing importance of sustainable development and the usage of energy-efficient technology in the country. Consumer awareness is developing, and stringent government regulations to reduce energy consumption are increasing the demand for energy-efficient connected lighting, which is driving the market growth. Furthermore, malls and showrooms assess what actions are required to catch the attention of their customers and elicit buy intent. In this situation, appropriate and appealing lighting is critical for making the supplied items appear more desirable. LED lights are adaptable and come in a variety of colors, sizes, wattages, and forms, and are utilized for decorating throughout Malaysia's festive seasons. These variables are influencing the use of LED lighting in business areas.           

Growing Popularity of Smart Cities: Connectivity and technical improvements have resulted in a rise in the use of intelligent lighting systems across the country. A number of government programs also assist the growing popularity of smart cities in various locations. Because a smart city is a network of interconnected systems, the general lighting application in a smart city necessitates automated lighting solutions which help the expansion of the LED Lighting market. Moreover, the huge energy-saving potential of LED lamps, coupled with their decreasing prices over the past few years, has accelerated the demand for these lighting products across Malaysia. Additionally, many government policies have been implemented in recent years to increase their adoption.

Inefficient Conventional Methods of Lighting: In industrial environments with high, difficult-to-reach ceilings and vast expanses, conventional high-intensity discharge (HID) and fluorescent lighting systems approaches are inefficient, resulting in illumination problems and inefficiencies. As a result, some industrial site managers in Malaysia have implemented bespoke LED lighting systems that optimize savings while also improving performance throughout their facilities. HID systems are also incompatible with modern sensors and wireless controllers. Furthermore, long strike-up times frequently cause facilities to leave these lights on for longer periods of time. As a result, LED lighting systems with advanced lighting controls that collect sunshine to minimize energy consumption or turn lights on and off at pre-determined times in pre-determined zones are in high demand in Malaysia.

Analysts at Ken Research in their latest publication "Malaysia LED Lighting Market Outlook to 2027F- By Type of LEDs (Lamps and Luminaires), By Usage (Indoor and Outdoor), By Sector, By Region, By Sales (Project and Retail)" observed that Malaysia LED Lighting Market is in a growing phase. Shifting trends towards energy-efficient lamps, and growing awareness towards the utilization of LED bulbs in rural areas are some of the factors that will contribute to the Malaysia LED Lighting market growth over the period of 2022-2027F. It is expected that Malaysia LED Lighting Market will grow at a CAGR of ~% for the above-forecasted period.

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Key Segments Covered in the report

Malaysia LED Lighting Market

By Type of LEDs:

LED Luminaires
Downlights
Linear Lights
Flood Lights
High Bay
Other Luminaires
LED Lamps

By Usage of LEDs:

Indoor
Outdoor
Street Lighting
Building Exteriors/ Façade Lighting
Parking Lots and Garages
Others

By End User Sector:

Commercial
Residential
Industrial
Healthcare
Hospitality
Others

By Region:

Central
East Coast
Sabah and Sarawak
North
South

By Type of Sales

Project
Retail

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Key Target Audience

Existing LED Lighting Manufacturers in Malaysia
New Market Entrants- Domestic OEMs
New Market Entrants- Foreign OEMs
Real Estate Companies
Government Bodies
Investors & Venture Capital Firms
Lighting Equipment Manufacturers and Importers
LED Lighting Retail Chains
Lighting Equipment Distributors
Lighting Equipment Associations

Time Period Captured in the Report:

Historical Period: 2017-2022
Base Period: 2022
Forecast Period: 2022-2027F

Companies Covered:

Philips Hue
TP-Link
Li-Fi Labs
Signify
IKEA

Alfo Lighting
O.S. In D'sign
Lightcraft
NSB
Oversea Lighting & Electric(M) Sdn Bhd
LigLED
SUCCESS
Decasa Lighting
Lumiere Lighting
E S L Lighting
Mr Bright Lighting

Key Topics Covered in the Report

Overview and Genesis of the Malaysia LED Lighting Market
Cross-Comparison of Malaysia LED lighting Market with other Asian nations
Malaysia LED Lighting Market Value Chain Analysis
Major Entities Involved in Value Chain and their Strategies
Malaysia LED Lighting Market Size, 2017-2022, By Sales Value
Malaysia LED Lighting Market Segmentation
Cost Analysis/ Cost Component for LED Lighting in the Malaysia Market
Decision-Making Process Before Purchasing LED Lighting in the Malaysia Market
Trends and Developments in the Malaysia LED Lighting Market
Issues and Challenges in Malaysia LED Lighting Market
SWOT Analysis for the Malaysia LED Lighting Market
Recent Technologies in Malaysia LED Lighting Market
Manufacturing Clusters for LED and Component Manufacturers in Malaysia
Government Initiatives and Regulations in the Malaysia LED Lighting Market
Market shares of major players in the Malaysia Lighting Market
Competitive Scenario in Malaysia LED Lighting Market
Competitive Landscape of Major Players in Malaysia's LED Lighting Market
Malaysia LED Lighting Market Future Outlook and Projections, By Revenues, 2022-2027F
Malaysia LED Lighting Market Future Outlook and Projections, By upcoming
Technologies in the Lighting Market
Analyst Recommendation

For more insights on the market intelligence, refer to the link below: -

https://www.kenresearch.com/consumer-products-and-retail/consumer-electronics/malaysia-led-lighting-market-outlook-to-2027/596317-95.html

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https://www.kenresearch.com/consumer-products-and-retail/consumer-electronics/indonesia-led-lighting-market/142258-95.html

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Ken Research is a Market Research and Consulting Firm, based out of India, Indonesia and UAE. Since 2011, we have been assisting clients globally with our Syndicate and Bespoke Market Research and Advisory Services.

This release was published on openPR.