Thailand LED Market Size, Share, Trends and Forecast 2020-2025

Press Release:

Thailand LED Market to Exhibit Robust Growth During 2020-2025, Spurred by Numerous Subsidies Offered by the Government

*As the coronavirus disease (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the purchase behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.

Thailand LED Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2020-2025

Thailand LED market reached a value of US$ 823.2 Million in 2019. The market for LED lighting products is currently exhibiting robust growth in Thailand. The market is currently being driven by a number of factors. This includes their higher shelf life, lower energy consumption and reduced maintenance requirements. LED lights use significantly lower electricity compared to conventional lighting, leading to a significant energy cost savings, particularly for areas with lights that are on for extended periods. Moreover, unlike conventional lighting, LEDs have a significantly longer lifespan. Driven by a higher operational life, LEDs can reduce the labor costs involved in replacing bulbs in commercial situations, resulting in a lower maintenance lighting system. Additionally, the strong support from the Thai government is also playing a major role in driving the Thai LED market. Thai government incentives have played a key role in promoting LED adoption in the consumer sector, with numerous subsidies aimed at making LED bulbs more affordable to the general consumer. The country’s Electricity Generating Authority of Thailand (EGAT) and Provincial Electricity Authority (PEA) represent some of the key government agencies that are promoting LED lighting in the country. Some of the other key factors driving the demand of LED lights in Thailand include reducing prices of LED lights, launch of numerous infrastructure projects, and a shift by both the public and private sector towards energy efficiency. Looking forward, IMARC Group expects the market to witness double-digit growth during 2020-2025.

Report Scope:

Historical, Current and Future Market Trends
Market Breakup by Region
- Northern Thailand
- Northeastern Thailand
- Western Thailand
- Central Thailand
- Eastern Thailand
- Southern Thailand
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 Thailand LED market performed so far and how will it perform in the coming years?
What are the key regional markets in the Thailand LED industry?
What is the breakup of the Thailand LED market on the basis of product type?
What is the breakup of the Thailand LED market on the basis of application?
What is the breakup of the Thailand LED market on the basis of installation type?
What are the various stages in the value chain of the Thailand LED industry?
What are the key driving factors and challenges in the Thailand LED industry?
What is the structure of the Thailand LED industry and who are the key players?
What is the degree of competition in the Thailand LED industry?
What are the profit margins in the Thailand LED industry?

Report Coverage:

Base Year Considered: 2019
Historical Data Coverage: 2014-2019
Market Forecast: 2020-2025
Currency: US$
Geography Covered: Thailand
Segments Covered: product type, application, installation type and region

This report provides a deep insight into the Thailand 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 Thailand 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.