Malaysia LED Lighting Market is expected to grow owing to rising environmental concerns, growing awareness regarding the benefits of LED lights, and development of the smart cities: Ken Research

Malaysia LED Lighting Market is in the growing stage, being driven by rising infrastructural development across the retail, industrial, and commercial sectors, coupled with the increasing demand for energy-efficient lighting sources. Major players in the market are Oversea Lighting, LigLED, Philips Hue, Li-Fi Labs, Signify, etc.

Key Market Findings:

LED manufacturers will be focusing on including features like Wi-Fi, occupancy sensors, and daylighting because these attract customers and increase product sales, thus fostering market growth.
Surging adoption of solar LEDs in remote areas and rigorous government regulations with respect to green technology across different nations will result in the new installation of streetlights and track lights.
LED lighting is an energy-saving solution with a 50,000-hour lifespan and lower electricity use. As a result, it is anticipated that stringent government rules limiting the use of lighting that uses a lot of energy will promote the expansion of the market in Malaysia.

Innovative LED Products: Growth in the market is expected to be supported by increasing awareness about energy-efficient lighting systems among customers and growing efforts of the government to shift both residential and non-residential customers towards the use of environment-friendly lighting systems. Additionally, the LED lighting market shall witness the launch of innovative LED products introduced in the market by the major players in the coming years. Innovations done in the design and features of LED lights are expected to attract a number of customers.

LED to save energy in the future: The demand for street lighting is expected to corner a robust growth rate in the long run. This can be mainly imputable to the increasing focus on the development of smart cities across the world, wherein the installation of streetlights would help save energy, reduce maintenance costs, control light intensity, and curb carbon emissions. Moreover, government programs and policies directed towards the use of LED lights in public spaces and regulations to install LED lights in the advertising materials such as billboards and display boards are expected to boost sales during the forecast period.

Increasing investment in Marketing strategies: Due to the increasing population, budding infrastructure development activities in the countries, and rising government initiatives with a focus on energy efficiency, the demand for commercial and industrial applications will be increasing, thus driving the production of LEDs in the region. Moreover, in order to widen their consumer base, manufacturers are not only coming up with different LED lighting products but are also investing in marketing through newspapers, televisions, etc. This is increasing product awareness among consumers which, in turn, is strengthening the growth of the market further to the future.

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.