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The Indonesia LED market exhibited strong growth during 2015-2020. Looking forward, IMARC Group expects the market to grow at a CAGR of around 21% during 2021-2026. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use sectors. These insights are included in the report as a major market contributor.
The market is currently being catalyzed by the strong support from the Indonesian government, declining prices of LED products, infrastructure growth and rising consumer awareness, etc. Energy deficiency represents a huge problem in Indonesia. The country currently has an electricity penetration rate of around 60-65%, resulting in a significant population living in darkness. Blackouts and power rationing takes place even in the country’s main capital Jakarta. Indonesia plans to increase the penetration rate of its electricity power and the Indonesian government has acknowledged LED technology as a key driver in meeting its energy saving targets. Apart from promoting the usage of LED lights in public construction projects, they are also being applied in various commercial and transportation lighting applications. The transportation lighting market in particular represents a huge opportunity area in Indonesia. The Market for LED lights in Indonesia is currently dominated by imports. The Indonesian government's policy of welcoming in overseas LED industry players has resulted in a flood of foreign products, with the cheapest products being brought in by Chinese manufacturers. This has resulted in other importers looking to compete on non-price grounds.
This report provides a deep insight into the Indonesia LED market covering all its essential aspects. This ranges from macro overview of the market to micro details of the industry performance, recent trends, key market drivers and challenges, SWOT analysis, Porter’s five forces analysis, value chain analysis, etc. This report is a must-read for LED manufacturers, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the Indonesia LED market in any manner.
IMARC Group provides an analysis of the key trends in each sub-segment of the Indonesia LED market report, along with forecasts for growth at the country and regional level from 2021-2026. Our report has categorized the market based on product type, application and installation type.
|Base Year of the Analysis||2020|
|Segment Coverage||Product Type, Application, Installation Type, Region|
|Region Covered||Java, Sumatra, Kalimantan, Sulawesi, Others|
|Customization Scope||10% Free Customization|
|Report Price and Purchase Option||Single User License: US$ 1999
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Corporate License: US$ 3999
|Post-Sale Analyst Support||10-12 Weeks|
|Delivery Format||PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)|
Key Questions Answered in This Report:
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