Australia LED Lighting Market is expected to keep growing in the next five years owing to the growing consumer awareness about the environment as well as the durability of LED lights: Ken Research

Australia Led Lighting Market is in the growing stage, owing 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 consolidated with key players such as LED EXPO Australia, Ledtec, MyEnergy Group and Dongguan City Tianhua Photoelectric Technology Co Ltd etc.

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Key Market Findings:

Australia LED Lighting Market was valued at USD ~ in 2021 and is projected to grow to USD ~ by 2027F, registering a CAGR of ~% in terms of revenue during the forecast period (2022P-2027F).
The commercial sector accounted for the majority of the market share in 2021 in Australia.
The use of LED lights has increased in both home and business settings as they are effective, durable, and have good illumination.

Growing Lamp Segment: The lamps segment dominated the overall LED lighting market in 2022 and similar trend is expected to continue during the forecast period. A-type and T-type lamps are highly adopted in residential applications, which, in turn, leads to a larger market size of the lamps segment compared to luminaires. The modern technology equipped with LED lamps enables improved efficiency with low maintenance costs. The warm light from the LED lamps allows for complete brightness without energy loss. Customers increasingly want environmentally friendly options and using an environmentally friendly light source to reduce energy consumption. Traditional lighting sources do not function well in cold weather. When the temperature drops, lighting sources, particularly fluorescent lamps, require a higher voltage to start, and light intensity diminishes.

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Rising Digital Platforms for Fund Transfer: The outdoor market is expected to expand during the projected period. This is because infrastructure-related projects including highways, airports, and public areas are being expanded. The market for LED lights for outdoor applications is also expected to increase due to growing government initiatives to attain net-zero emissions by reducing energy use.

Growing Commercial End-User Segment: The need for sophisticated lighting among exhibition, museum, and gallery owners for improved lighting applications is one of the driving forces behind the rapid growth of the commercial building industry around the world and is anticipated to promote market expansion. The demand for high-luminance LED lights is expanding predominantly owing to the requirements for office lighting to conform to government regulations and norms, which is boosting the expansion of the market.

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

 Key Target Audience

Government Bodies and Regulatory Authority
Fintech Companies
Investors and Fianciers
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

 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 Growth Drivers in Australia LED Lighting Market
End User Analysis of Australia LED Lighting Market
Key Challenges of 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 information on the research reports, refer to below link:

Australia LED Lighting Market Outlook to 2027F
https://www.kenresearch.com/industry-reports/australia-led-lighting-market

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Saudi Arabia LED Lighting Market Outlook to 2023- By Type of LEDs (Lamps and Luminaires), By Usage (Indoor and Outdoor), By Sector (Commercial, Residential, Industrial, Healthcare, Hospitality and others), By Region, By Sales (Project and Retail)
https://www.kenresearch.com/consumer-products-and-retail/consumer-electronics/saudi-arabia-led-lighting-market/214915-95.html

UAE LED Lighting Market Outlook to 2023- By LEDs Lamps (LED Reflectors, LED Tubes, Others); Luminaires (Downlights, Troffers, Outdoor Area Lights, Roadway Fixtures, Spot Lights and Other Luminaires), By Usage (Indoor and Outdoor), By End Users
https://www.kenresearch.com/consumer-products-and-retail/consumer-electronics/uae-led-lighting-market/193269-95.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.