The Australia LED Lighting Industry has grown in the last five years owing to the rising construction together with government laws limiting the use of inefficient lighting systems: Ken Research

The LED Lighting Market in Australia saw a drop in the growth in terms of transaction value in 2020 due to the Covid-19 pandemic, but as things are going back to normal with time, the industry is expected to recover faster.

Australia LED Lighting Market Overview: The Australia LED Lighting Market is   currently at the growth stage owing to the growing consumer awareness about the environment, the durability of LED lights and the government initiatives for energy efficiency drive. The market is consolidated with some players owning the majority of the market. The industry saw a steady growth in the last few years as people are becoming more aware about the environment as well as the lower costs of the LED lights.

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

https://www.kenresearch.com/industry-reports/australia-led-lighting-market

Impact of Covid-19 on Australia LED Lighting Market: The COVID-19 pandemic negatively impacted the global economy. The demand for LED lighting was reduced as a result of rigorous suspensions and lockdowns imposed on construction sites. However, the second half of 2021 saw an increase in construction due to the introduction of new as well as upgrading projects, which contributed to the steady recovery of the industry for LED lighting.

Rise in Penetration of LED Lights: LED lights have started to get very popular in Australia as they are energy-efficient and cost-saving in nature as well as they are highly controllable, when integrated with a driver, the intensity can vary based on the requirements. The increasing government policies in the country, such as a ban on the usage of incandescent light and the energy-efficient and cost-saving nature of LEDs, are increasing the penetration of LEDs. LEDs reduce power consumption and light pollution and have higher self-life than halogen bulbs.

Analysts at Ken Research in their latest publication "Australia LED Lighting Market Outlook to 2027F - By Type of LEDs (Luminaires and Lamps), By Usage of LEDs (Indoor, Outdoor, Street Lighting, Building Exteriors/ Façade Lighting, Parking Lots and Garages, Others) and By End User Sector (Commercial, Residential, Industrial, Healthcare and Hospitality)" observed that Australia LED Lighting Market is expected to showcase considerable growth in the coming five years. In the upcoming years, it is predicted to expand more rapidly due to the growing consumer awareness about the environment, the durability of LED lights and the government initiatives for energy efficiency drive. The LED Lighting Market in Australia is expected to grow at ~% CAGR over the forecasted period 2022P-2027F.

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Key Segments Covered in the report

By Type of LEDs

Luminaires
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

By Type of Sales

Project
Retail

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Key Target Audience

Government Bodies and Regulatory Authority
Fintech Companies
Investors and Financiers
Venture Capitalist
New Market Entrants
Banks and its Subsidiaries
NBFCs
OEM Dealerships
LED Light Manufacturers
LED Light Sellers

Time Period Captured in the Report:

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

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Companies Covered:

LEDEXPO Australia
Ledtec
MyEnergy Group
Dongguan City Tianhua Photoelectric Technology Co Ltd
Jiangsu ChuangXu Optoelectronics Technology Co., Ltd.
Shenzhen Guangshezhaoming Technology Co., Ltd
Ningbo ALVA Electric Appliance Co., Ltd.
Zhejiang Danse Electronic Technology Co., Ltd.

Key Topics Covered in the Report

Australia LED Lighting Market Overview
Australia LED Lighting Market Segmentation
Australia Domestic LED Lighting Market Overview
Australia International LED Lighting Market Overview
Ecosystem of Australia LED Lighting Market
Market Share of Major Players in Australia LED Lighting Market
Industry Analysis of Australia LED Lighting Market
Value Chain of LED Lighting Market in Australia
Key Challenges of Australia LED Lighting Market
End User Analysis of Australia LED Lighting Market
Key Growth Drivers in Australia LED Lighting Market
SWOT Analysis of Australia LED Lighting Industry
Future Outlook of Australia LED Lighting Market
Trends and Development of Australia LED Lighting Market

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

https://www.kenresearch.com/industry-reports/australia-led-lighting-market

Related Reports by Ken Research: -

https://www.kenresearch.com/consumer-products-and-retail/consumer-electronics/china-led-lightning-market-outlook-2027/596307-95.html

https://www.kenresearch.com/consumer-products-and-retail/consumer-electronics/france-led-lighting-market-outlook-to-2027/596315-95.html

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