Japan LED market reached a value of US$ 5.1 Billion in 2018. Japan started promoting its semiconductor lighting technology as early as 1998 with its “21st Century Lighting Project,” and is regarded as one of the earliest nations to initiate LED industry policies. Although till 2010, the Japanese government remained unsuccessful in promoting LED lighting as standard-setting was delayed. But the industry gained momentum after the March 2011 earthquake in Fukushima, when all the nuclear power plants running in the country were closed and resulted in a huge power supply gap. To resolve the problem of power shortages, the Japanese government phased-out incandescent light bulbs and started focusing on the implementation of energy efficient LED lighting systems. Japan today has one of the highest penetration rates for LED’s. The LED market in Japan is fairly concentrated with Nichia Corporation representing the biggest player in the country. Looking forward, we expect the Japan LED market to grow at a CAGR of around 10% during 2019-2024 reaching a value of around US$ 9.2 Billion by 2024.
Key Questions Answered in This Report:
This report provides a deep insight into the Japan 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 Japan LED market in any manner.
Report Customization: Although IMARC has tried to cover everything in the LED market landscape, we believe that every stakeholder may have their own specific needs. In view of this, we provide up to 20 man hours of free customization for each report.
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