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Indonesia LED Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028
Report Format: PDF+Excel | Report ID: SR112023A1205
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Market Overview:
The Indonesia LED market size reached US$ 1.1 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 3.4 Billion by 2028, exhibiting a growth rate (CAGR) of 20.59% during 2023-2028.
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.
Note: Information in the above chart consists of dummy data and is only shown here for representation purpose. Kindly contact us for the actual market size and trends.
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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.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the Indonesia LED market report, along with forecasts at the country and regional level from 2023-2028. Our report has categorized the market based on product type, application and installation type.
Breakup by Product Type:
Note: Information in the above chart consists of dummy data and is only shown here for representation purpose. Kindly contact us for the actual market size and trends.
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- Panel Lights
- Down Lights
- Street Lights
- Tube Lights
- Bulbs
- Others
Breakup by Application:
- Commercial
- Residential
- Institutional
- Industrial
Breakup by Installation Type:
- New Installation
- Retrofit Installation
Breakup by Region:
- Java
- Sumatra
- Kalimantan
- Sulawesi
- Others
Value Chain Analysis
Key Drivers and Challenges
Porters Five Forces Analysis
PESTEL Analysis
Government Regulations
Competitive Landscape
- Competitive Structure
- Key Player Profiles
Report Coverage:
| Report Features | Details |
|---|---|
| Base Year of the Analysis | 2022 |
| Historical Period | 2017-2022 |
| Forecast Period | 2023-2028 |
| Units | US$ Billion |
| 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$ 2699 Five User License: US$ 3699 Corporate License: US$ 4699 |
| 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) |
The Indonesia LED market was valued at US$ 1.1 Billion in 2022.
We expect the Indonesia LED market to exhibit a CAGR of 20.59% during 2023-2028.
The rising demand for LEDs as they offer several advantages, including longer shelf life, higher efficiency, enhanced durability, better service life with no flickering, optimal design flexibility, etc., than conventional lighting products, is primarily driving the Indonesia LED market.
The sudden outbreak of the COVID-19 pandemic had led to the implementation of stringent lockdown regulations across the nation, resulting in the temporary closure of various manufacturing units for LEDs.
Based on the product type, the Indonesia LED market can be categorized into panel lights, down lights, street lights, tube lights, bulbs, and others. Currently, panel lights account for the majority of the total market share.
Based on the application, the Indonesia LED market has been segregated into commercial, residential, institutional, and industrial. Among these, residential currently exhibits a clear dominance in the market.
Based on the installation type, the Indonesia LED market can be bifurcated into new installation and retrofit installation. Currently, retrofit installation holds the largest market share.
On a regional level, the market has been classified into Java, Sumatra, Kalimantan, Sulawesi, and others, where Java currently dominates the Indonesia LED market.
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