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Philippines LED Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2019-2024

Philippines LED market is currently growing at a robust rate and is expected to reach revenues worth US$ 864 Million by 2024. 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.

Philippines LED Market

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 global smart lighting market in any manner.

Report Scope:

  • Historical, Current and Future Market Trends
     
  • Market Breakup by Product Type
    • Panel Lights
    • Down Lights
    • Street Lights
    • Tube Lights
    • Bulbs
    • Others
       
  • Market Breakup by Application
    • Commercial
    • Residential
    • Institutional
    • Industrial
    • Others
       
  • Market 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
       

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 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?


Report Coverage:

  • Base Year Considered: 2018
  • Historical Data Coverage: 2013-2018
  • Market Forecast: 2019-2024
  • Currency: US$
  • Geography Covered: Philippines
  • Segments Covered: product type, application, installation type and region
     

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.

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    Market Breakup by Product Type
    7.4    Market Breakup by Application
    7.5    Market Breakup by Installation Type
    7.6    Market Breakup by Region
    7.7    Market Breakup by Indoor and Outdoor Applications
    7.8    Market Forecast
    7.9    SWOT Analysis
        7.9.1    Overview
        7.9.2    Strengths
        7.9.3    Weaknesses
        7.9.4    Opportunities
        7.9.5    Threats
    7.10    Value Chain Analysis
    7.11    Porters Five Forces Analysis
        7.11.1    Overview
        7.11.2    Bargaining Power of Buyers
        7.11.3    Bargaining Power of Suppliers
        7.11.4    Degree of Competition
        7.11.5    Threat of New Entrants
        7.11.6    Threat of Substitutes
    7.12    PESTEL Analysis
        7.12.1    Political
        7.12.2    Economic
        7.12.3    Social
        7.12.4    Legal
        7.12.5    Environmental
        7.12.6    Technological
    7.13    Price Analysis
        7.13.1    Price Indicators
        7.13.2    Price Structure
        7.13.3    Margin Analysis
    7.14    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
    9.5    Others
        9.5.1    Market Trends
        9.5.2    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$), 2013-2018
Figure 4: Philippines: LED Market: Sales Value (in Million US$), 2013-2018
Figure 5: Philippines: Lighting Market: Breakup by Technology (in %), 2018
Figure 6: Philippines: Lighting Market: Breakup by Application (in %), 2018
Figure 7: Philippines: LED Market: Breakup by Product Type (in %), 2018
Figure 8: Philippines: LED Market: Breakup by Application (in %), 2018
Figure 9: Philippines: LED Market: Breakup by Installation Type (in %), 2018
Figure 10: Philippines: LED Market: Breakup by Region (in %), 2018
Figure 11: Philippines: Lighting Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 12: Philippines: LED Market Forecast: Sales Value (in Million US$), 2019-2014
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$), 2013 & 2018
Figure 18: Philippines: LED (Panel Lightst) Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 19: Philippines: LED (Down Lights) Market: Sales Value (in Million US$), 2013 & 2018
Figure 20: Philippines: LED (Down Lights) Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 21: Philippines: LED (Street Lights) Market: Sales Value (in Million US$), 2013 & 2018
Figure 22: Philippines: LED (Street Lights) Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 23: Philippines: LED (Tube Lights) Market: Sales Value (in Million US$), 2013 & 2018
Figure 24: Philippines: LED (Tube Lights) Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 25: Philippines: LED (Bulbs) Market: Sales Value (in Million US$), 2013 & 2018
Figure 26: Philippines: LED (Bulbs) Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 27: Philippines: LED (Other Product Types) Market: Sales Value (in Million US$), 2013 & 2018
Figure 28: Philippines: LED (Other Product Types) Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 29: Philippines: LED (Commercial) Market: Sales Value (in Million US$), 2013 & 2018
Figure 30: Philippines: LED (Commercial) Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 31: Philippines: LED (Residential) Market: Sales Value (in Million US$), 2013 & 2018
Figure 32: Philippines: LED (Residential) Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 33: Philippines: LED (Institutional) Market: Sales Value (in Million US$), 2013 & 2018
Figure 34: Philippines: LED (Institutional) Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 35: Philippines: LED (Industrial) Market: Sales Value (in Million US$), 2013 & 2018
Figure 36: Philippines: LED (Industrial) Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 37: Philippines: LED (Other Applications) Market: Sales Value (in Million US$), 2013 & 2018
Figure 38: Philippines: LED (Other Applications) Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 39: Philippines: LED (New Installation) Market: Sales Value (in Million US$), 2013 & 2018
Figure 40: Philippines: LED (New Installation) Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 41: Philippines: LED (Retrofit Installation) Market: Sales Value (in Million US$), 2013 & 2018
Figure 42: Philippines: LED (Retrofit Installation) Market Forecast: Sales Value (in Million US$), 2019-2024


List of Tables

Table 1: Philippines: LED Lighting Market: Key Industry Highlights, 2018 and 2024
Table 2: Philippines: LED Market: Key Industry Highlights, 2018 and 2024
Table 3: Philippines: LED Lighting Market Forecast: Breakup by Technology (in Million US$), 2019-2024
Table 4: Philippines: LED Lighting Market Forecast: Breakup by Application (in Million US$), 2019-2024
Table 5: Philippines: LED Market Forecast: Breakup by Product Type (in Million US$), 2019-2024
Table 6: Philippines: LED Market Forecast: Breakup by Application (in Million US$), 2019-2024
Table 7: Philippines: LED Market Forecast: Breakup by Installation Type (in Million US$), 2019-2024
Table 8: Philippines: LED Market Structure
Table 9: Philippines: LED Market: Key Players

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