Vietnam LED Lighting Market

Market Outlook 2025-2033:

The Vietnam LED lighting market size reached USD 735.0 Million in 2024. Looking forward, IMARC Group expects the market to reach USD 1,227.0 Million by 2033, exhibiting a growth rate (CAGR) of 5.9% during 2025-2033. Environmental concerns, carbon reduction demands, and supportive regulations are key factors accelerating market growth. Smart lighting is expanding across Vietnam’s urban projects, with motion sensors and app-based controls used in homes, offices, and public spaces. At the same time, automotive LEDs are gaining popularity in motorbikes and EVs, offering energy efficiency, durability, and modern styling that appeal to both manufacturers and consumers in a competitive market.

Enhanced Manufacturing Efficiency is Augmenting the Market Growth

The scalable production capacity of an LED manufacturing facility is one of the critical components for its successful operation. The ability to continually modify production capabilities to accommodate changes in demand clearly separates the more successful firms from those that are not as successful within this volume-driven industry. In addition, gaining and sustaining a share of the market is facilitated by the capability to raise capacity in accordance with demand, which eventually results in greater output and enhanced profitability.

Competitive analysis such as market structure, market share by key players, player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided. The market structure is concentrated with three big companies and other foreign companies due to their dominance and significant control over the price of the final product. The volume of new entrants is low in the LED lighting industry due to high capital investments, and loyalty towards specific brands.

What is LED Lighting?

LED lighting, or light-emitting diode lighting, is a highly efficient and versatile lighting technology. Unlike traditional incandescent bulbs, which produce light by heating a filament, LEDs produce light by passing a current through a semiconductor material. This technology allows LED lighting to consume far less energy while producing the same light, making it a highly efficient and cost-effective lighting solution. It is used in various settings, from residential homes to commercial buildings and public spaces. It is commercially available in numerous colors and intensities, making it ideal for creating different moods and atmospheres. It also has a long lifespan, typically tens of thousands of hours, reducing the need for frequent replacements and lowering maintenance costs. It produces less heat, which can help reduce cooling costs in buildings. Additionally, it is often dimmable, allowing for further energy savings by adjusting the light output to suit the needs of the space. It is a more environmentally friendly option than traditional lighting solutions. It is also more easily recyclable, reducing the waste generated by lighting replacements.

COVID-19 Impact:

The COVID-19 epidemic has significantly impacted many businesses throughout the world, including the LED lighting sector in Vietnam. The sector, which was expanding quickly prior to the pandemic, has seen a sharp decline in demand as a result of the global economic slowdown and the lockdowns put in place across the country. The disruption of supply chains, which has resulted in a lack of the raw materials and components needed to produce LED lights, is one of the main causes of the decline in the LED lighting sector in Vietnam. Additionally, the pandemic had an impact on the market for LED lights as a result of the economic downturn delaying numerous government and building projects. However, with the increased awareness regarding the importance of hygiene and cleanliness, there has been an increased demand for UV-C LED lights that can help disinfect surfaces and air. This has led to many manufacturers in Vietnam shifting their focus to the production of these specialized LED lights.

Vietnam LED Lighting Market Trends:

Shift toward Intelligent Lighting Systems

Vietnam is seeing a rise in connected lighting across urban and residential projects. Automated controls, dimming features, and sensor-based systems are becoming part of everyday planning, especially in new buildings. Property developers and tech startups are aligning to meet demand for better lighting control and energy efficiency. This push supports broader urban modernization efforts where an LED light often serves as the entry point to smart infrastructure. Public lighting pilots are expanding, using app-based interfaces and remote diagnostics to reduce maintenance costs and energy loss. These upgrades are also catching on in commercial offices and hotels looking to enhance the ambience and reduce electricity bills. As this trend continues, Vietnam’s appetite for digitized infrastructure grows stronger, with a clear interest in systems that communicate in real time. Some new apartment developments are bundling lighting with centralized energy dashboards. Around industrial zones, programmable systems are also emerging as the new standard. The appeal extends to rural settings too, where solar lights help stabilize lighting access and ease energy bills for off-grid communities. Modular kits with batteries and panels have opened up new markets for lighting providers targeting remote provinces.

Push for Greener and Cleaner Energy Use

Consumer awareness around energy consumption is growing fast, especially in dense cities where air conditioning and lighting costs pile up. Businesses and households are taking a second look at energy bills and choosing longer-lasting solutions. LEDs with high energy ratings are now common in everything from parking lots to apartment stairwells. Traditional light bulbs are being phased out as buyers prioritize longevity and cost efficiency. Retailers are also reporting higher sales for fixtures labeled as eco-friendly. This is partly due to state-led energy conservation campaigns, but private building standards are evolving too. Developers who focus on environmental performance are getting better interest from tenants and investors. In high-traffic public areas, LEDs now dominate thanks to lower heat output and safer operation, especially in closed environments. More developers are now adopting green lighting benchmarks to meet project certification goals. This includes both new constructions and retrofits in older buildings, where lighting upgrades are among the easiest and most effective ways to cut energy use. At the same time, infrastructure projects increasingly reference outdoor lights as part of broader public safety and sustainability goals. Roads, walkways, and parks are being outfitted with dusk-to-dawn sensors and weather-resistant materials.

Diversification across Sectors and Applications

The LED market is no longer limited to residential or office spaces. It’s stretching into farming, signage, hospitality, and even transport. Custom lighting for crops, hotels, and exhibitions is drawing interest from local manufacturers. Meanwhile, demand for longer-life products is accelerating the decline of outdated fluorescent options. As a result, brands are ramping up R&D, launching new designs that fit emerging niches without compromising on cost. This local focus ensures that products are adapted to the Vietnamese climate, voltage conditions, and market needs. It also reduces reliance on imports, allowing faster shipping and better customer support. There’s also steady growth in sustainable LED lighting Vietnam as new eco-laws come into force for commercial and industrial buildings. Importers and distributors are adding product lines that carry verified energy labels, meeting demand from architecture firms and government projects. Another growth segment is smart LED lighting Vietnam, where integration with security systems, motion detection, and app control appeals to tech-savvy urban dwellers. This trend is especially visible in high-rise apartments and new retail complexes, where automation is viewed as both a convenience and a security layer. Manufacturers are also tuning designs for Vietnam automotive LED markets, with compact options for headlights, interior ambient lights, and dashboard panels.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the Vietnam LED lighting market report, along with forecasts for the period 2025-2033. Our report has categorized the market based on product type, application and installation type.

Product Type Insights:

• Bulb and Tube Light
• Panel Light
• Street Light
• Down Light
• Flood Light
• Others

The report has provided a detailed breakup and analysis of the Vietnam LED lighting market based on the product type. This includes bulb and tube light, panel light, street light, down light, flood light, and others. According to the report, panel light represented the largest segment due to its energy efficiency, longevity, and flexibility. Additionally, the increasing demand for energy-efficient lighting solutions is leading to the adoption of LED lights, including panel lights, in various applications. Moreover, the declining prices of LED lighting products have made them more accessible to a wider range of customers, further impacting the market.

Application Insights:

• Commercial
• Residential
• Institutional
• Industrial

A detailed breakup and analysis of the Vietnam LED lighting market based on the application have also been provided in the report. This includes commercial, residential, institutional, and industrial. According to the report, residential applications accounted for the largest market share due to the growing demand for energy-efficient and eco-friendly lighting solutions. Additionally, the decreasing cost of LED lights has made it more accessible to consumers, further driving their adoption in residential applications.

Installation Type Insights:

• New Installation
• Retrofit Installation

The report has provided a detailed breakup and analysis of the Vietnam LED lighting market based on the installation type. This includes new installation and retrofit installation. According to the report, retrofit installation represented the largest segment due to the increasing demand for energy-efficient lighting solutions has prompted businesses and homeowners to retrofit their existing lighting systems with LED technology. In addition, government regulations and incentives are also playing a crucial role in driving the retrofit market.

Vietnam Led Lighting Manufacturers:

The report has also provided a comprehensive analysis of the competitive landscape in the Vietnam LED lighting market.

Vietnam LED Lighting Market News:

• In May 2025, Vietnam marked the 50th anniversary of Reunification Day with a record-breaking drone light show in Ho Chi Minh City. Prowtech, Vietnam’s LED screen advertising leader, orchestrated 10,500 lit drones, earning a Guinness World Record. The show featured symbols like the Đông Sơn drum and Lạc bird, blending tradition with modern technology. This celebration highlighted Vietnam’s cultural pride and technical advancement in LED-based visual storytelling on a global stage.
• In July 2024, ABB launched its latest ORIGEN, INORA, and ZENIT switch ranges in Vietnam, aiming to support the country's expanding LED lighting and smart building sectors. These new lines, unveiled in Ho Chi Minh City, feature integrated safety, USB ports, LED backlighting, and support smart functionality. Designed for both residential and commercial use, the products meet international safety standards and address Vietnam’s rising demand for advanced lighting and electrical systems.
• In September 2023, Vietnam Airlines committed to purchasing 50 Boeing 737 MAX jets to expand its single-aisle fleet and boost efficiency. The aircraft’s advanced features, including fuel savings and quieter cabins with LED lighting, support the airline’s 2025–2035 strategy. The deal strengthens US-Vietnam economic ties and positions the airline to grow its domestic and regional network while enhancing passenger comfort and sustainability.

Report Coverage:

Key Benefits for Stakeholders:

• IMARC’s report offers a comprehensive quantitative analysis of various market segments, historical and current market trends, market forecasts, and dynamics of the Vietnam LED lighting market from 2019-2033.
• The research study provides the latest information on the market drivers, challenges, and opportunities in the Vietnam LED lighting market.
• The study maps the leading, as well as the fastest-growing, regional markets.
• Porter's five forces analysis assist stakeholders in assessing the impact of new entrants, competitive rivalry, supplier power, buyer power, and the threat of substitution. It helps stakeholders to analyze the level of competition within the Vietnam LED lighting industry and its attractiveness.
• Competitive landscape allows stakeholders to understand their competitive environment and provides an insight into the current positions of key players in the market.