Market Overview:
Philippines LED lighting market reached a value of US$ 485.6 Million in 2020. Looking forward, IMARC Group expects the market to exhibit moderate growth 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.
LED lights are significantly more efficient than conventional lighting products and produce more light per watt. Moreover, LEDs have a significantly longer lifespan compared to conventional light with estimates suggesting that LEDs have 35,000 to 50,000 hours of useful life, though time to complete failure may be longer. Some of the other advantages of LEDs include low maintenance costs, sturdiness, safety, non-toxicity, etc. Moreover, the Philippines government is also playing an active role in driving the demand of LED products through subsidies and a ban on incandescent lights. Electricity costs in the Philippines represent among the highest in the world due in large part to the country’s dependence on expensive imported fossil fuels, both diesel oil and coal. With lighting currently accounting for 18-20% of the total electricity consumption in the country, energy efficient lighting such as LED’s represent a key driver in reducing the electricity costs. Some of the other major factors driving the demand of LED products in Philippines include reducing costs of LED lights, launch of numerous public and private infrastructure projects and rising consumer awareness levels.
IMARC Group’s latest report provides a deep insight into the Philippines 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 entrepreneurs, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the Philippines LED market in any manner.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the Philippines LED market, along with forecasts for the period 2021-2026. Our report has categorized the market based on product type, application and installation type.
Breakup by Product Type
- 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
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 |
2020 |
| Historical Period |
2015-2020 |
| Forecast Period |
2021-2026 |
| Units |
US$ Million |
| Segment Coverage |
Product Type, Application, Installation Type |
| Customization Scope |
10% Free Customization |
| Report Price and Purchase Option |
Single User License: US$ 1999
Five User License: US$ 2999
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:
- How has the Philippines LED market performed so far and how will it perform in the coming years?
- What are the key regional markets in the Philippines LED industry?
- What has been the impact of COVID-19 on the Philippines LED industry?
- What is the breakup of the Philippines LED market on the basis of product type?
- What is the breakup of the Philippines LED market on the basis of application?
- What is the breakup of the Philippines LED market on the basis of installation type?
- What are the various stages in the value chain of the Philippines LED industry?
- What are the key driving factors and challenges in the Philippines LED industry?
- What is the structure of the Philippines LED industry and who are the key players?
- What is the degree of competition in the Philippines LED industry?
- What are the profit margins in the Philippines LED industry?
1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Philippines Lighting Industry
5.1 Market Overview
5.2 Market Performance
5.3 Market Breakup by Application
5.4 Market Breakup by Technology
6 Why is the LED Market so Lucrative in Philippines
7 Philippines LED Industry
7.1 Market Overview
7.2 Market Performance
7.3 Impact of COVID-19
7.4 Market Breakup by Product Type
7.5 Market Breakup by Application
7.6 Market Breakup by Installation Type
7.7 Market Breakup by Region
7.8 Market Breakup by Indoor and Outdoor Applications
7.9 Market Forecast
7.10 SWOT Analysis
7.10.1 Overview
7.10.2 Strengths
7.10.3 Weaknesses
7.10.4 Opportunities
7.10.5 Threats
7.11 Value Chain Analysis
7.12 Porters Five Forces Analysis
7.12.1 Overview
7.12.2 Bargaining Power of Buyers
7.12.3 Bargaining Power of Suppliers
7.12.4 Degree of Competition
7.12.5 Threat of New Entrants
7.12.6 Threat of Substitutes
7.13 PESTEL Analysis
7.13.1 Political
7.13.2 Economic
7.13.3 Social
7.13.4 Legal
7.13.5 Environmental
7.13.6 Technological
7.14 Price Analysis
7.14.1 Key Price Indicators
7.14.2 Price Structure
7.14.3 Margin Analysis
7.15 Key Market Drivers and Success Factors
8 Philippines LED Industry: Market Breakup by Product Type
8.1 Panel Lights
8.1.1 Market Trends
8.1.2 Market Forecast
8.2 Down Lights
8.2.1 Market Trends
8.2.2 Market Forecast
8.3 Street Lights
8.3.1 Market Trends
8.3.2 Market Forecast
8.4 Tube Lights
8.4.1 Market Trends
8.4.2 Market Forecast
8.5 Bulbs
8.5.1 Market Trends
8.5.2 Market Forecast
8.6 Others
8.6.1 Market Trends
8.6.2 Market Forecast
9 Philippines LED Industry: Market Breakup by Application
9.1 Commercial
9.1.1 Market Trends
9.1.2 Market Forecast
9.2 Residential
9.2.1 Market Trends
9.2.2 Market Forecast
9.3 Institutional
9.3.1 Market Trends
9.3.2 Market Forecast
9.4 Industrial
9.4.1 Market Trends
9.4.2 Market Forecast
10 Philippines LED Industry: Market Breakup by Installation Type
10.1 New Installation
10.1.1 Market Trends
10.1.2 Market Forecast
10.2 Retrofit Installation
10.2.1 Market Trends
10.2.2 Market Forecast
11 Government Regulations
12 Strategic Recommendations
13 Competitive Landscape
13.1 Market Structure
13.2 Key Players
13.3 Profiles of Key Players
List of Figures
Figure 1: Philippines: Lighting Market: Major Drivers and Challenges
Figure 2: Philippines: LED Market: Major Drivers and Challenges
Figure 3: Philippines: Lighting Market: Sales Value (in Million US$), 2015-2020
Figure 4: Philippines: LED Market: Sales Value (in Million US$), 2015-2020
Figure 5: Philippines: Lighting Market: Breakup by Technology (in %), 2020
Figure 6: Philippines: Lighting Market: Breakup by Application (in %), 2020
Figure 7: Philippines: LED Market: Breakup by Product Type (in %), 2020
Figure 8: Philippines: LED Market: Breakup by Application (in %), 2020
Figure 9: Philippines: LED Market: Breakup by Installation Type (in %), 2020
Figure 10: Philippines: LED Market: Breakup by Region (in %), 2020
Figure 11: Philippines: Lighting Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 12: Philippines: LED Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 13: Philippines: LED Industry: SWOT Analysis
Figure 14: Philippines: LED Industry: Value Chain Analysis
Figure 15: Philippines: LED Industry: Porter’s Five Forces Analysis
Figure 16: Philippines: LED Industry: PESTEL Analysis
Figure 17: Philippines: LED (Panel Lights) Market: Sales Value (in Million US$), 2015 & 2020
Figure 18: Philippines: LED (Panel Lights) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 19: Philippines: LED (Down Lights) Market: Sales Value (in Million US$), 2015 & 2020
Figure 20: Philippines: LED (Down Lights) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 21: Philippines: LED (Street Lights) Market: Sales Value (in Million US$), 2015 & 2020
Figure 22: Philippines: LED (Street Lights) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 23: Philippines: LED (Tube Lights) Market: Sales Value (in Million US$), 2015 & 2020
Figure 24: Philippines: LED (Tube Lights) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 25: Philippines: LED (Bulbs) Market: Sales Value (in Million US$), 2015 & 2020
Figure 26: Philippines: LED (Bulbs) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 27: Philippines: LED (Other Product Types) Market: Sales Value (in Million US$), 2015 & 2020
Figure 28: Philippines: LED (Other Product Types) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 29: Philippines: LED (Commercial) Market: Sales Value (in Million US$), 2015 & 2020
Figure 30: Philippines: LED (Commercial) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 31: Philippines: LED (Residential) Market: Sales Value (in Million US$), 2015 & 2020
Figure 32: Philippines: LED (Residential) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 33: Philippines: LED (Institutional) Market: Sales Value (in Million US$), 2015 & 2020
Figure 34: Philippines: LED (Institutional) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 35: Philippines: LED (Industrial) Market: Sales Value (in Million US$), 2015 & 2020
Figure 36: Philippines: LED (Industrial) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 37: Philippines: LED (New Installation) Market: Sales Value (in Million US$), 2015 & 2020
Figure 38: Philippines: LED (New Installation) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 39: Philippines: LED (Retrofit Installation) Market: Sales Value (in Million US$), 2015 & 2020
Figure 40: Philippines: LED (Retrofit Installation) Market Forecast: Sales Value (in Million US$), 2021-2026
List of Tables
Table 1: Philippines: LED Lighting Market: Key Industry Highlights, 2020 and 2026
Table 2: Philippines: LED Market: Key Industry Highlights, 2020 and 2026
Table 3: Philippines: LED Lighting Market Forecast: Breakup by Technology (in Million US$), 2021-2026
Table 4: Philippines: LED Lighting Market Forecast: Breakup by Application (in Million US$), 2021-2026
Table 5: Philippines: LED Market Forecast: Breakup by Product Type (in Million US$), 2021-2026
Table 6: Philippines: LED Market Forecast: Breakup by Application (in Million US$), 2021-2026
Table 7: Philippines: LED Market Forecast: Breakup by Installation Type (in Million US$), 2021-2026
Table 8: Philippines: LED Market Structure
Table 9: Philippines: LED Market: Key Players