Market Overview:
The Thailand LED market is expected to exhibit a CAGR of 23.38% during 2022-2027. 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.
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.
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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.
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.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the Thailand LED market report, along with forecasts at the country and regional level from 2022-2027. Our report has categorized the market based on product type, application and installation type.
Breakup by Region:
- Northern Thailand
- Northeastern Thailand
- Western Thailand
- Central Thailand
- Eastern Thailand
- Southern Thailand
Breakup by Product Type:
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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.
- 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 |
2021 |
Historical Period |
2016-2021 |
Forecast Period |
2022-2027 |
Units |
US$ Billion |
Segment Coverage |
Product Type, Application, Installation Type, Region |
Region Covered |
Northern Thailand, Northeastern Thailand, Western Thailand, Central Thailand, Eastern Thailand, Southern Thailand |
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) |
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 has been the impact of COVID-19 on 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?