They may become the next emerging LED market
LED lighting has become the mainstream of the lighting application market. However, after the market penetration rate has increased rapidly in recent years, the price of LED lighting products has slowed down in 2016, but the market growth momentum has begun to slow down, showing the phenomenon of uneven global demand. LED lighting has become the mainstream of the lighting application market. However, after the market penetration rate has increased rapidly in recent years, the price of LED lighting products has slowed down in 2016, but the market growth momentum has begun to slow down, showing the phenomenon of uneven global demand. With the new US President Trump coming to power, or adversely affecting China’s exports to the United States. The industry believes that the uncertainty of the US market will increase in 2017, and emerging markets such as Southeast Asia and the Middle East will have greater growth potential and will be expected to become a battleground for the military. After years of rapid growth, China's lighting products exports began to decline in 2016. According to official statistics, the export value of lighting products in the third quarter was US$28.56 billion, down 13.9% year-on-year, the first decline since 2009. According to other data, from January to November 2016, the EU, the United States, Japan, ASEAN countries, BRICS countries and Middle East countries are the main markets for the export of LED lighting products in China, but the growth is different. The US market slowed down to 17%, and the market share increased by 4% compared with the same period of 2015; the EU growth rate was 23%; the Middle East market was booming, with a growth rate of up to 27% and a market share of 7%. The same period of the year increased by 2 percentage points. At the same time, the Russian market has fallen sharply; the BRICS market share has shrunk from 7% in the same period in 2015 to 6%; exports to Japan have fallen sharply, down 17% from the same period in 2015. Emerging LED Markets to be Developed Thailand's LED lighting tubes are increasingly gaining favor from Thai consumers as more and more companies join the competition in the LED lighting tube market, resulting in lower prices. In addition, the Thai government department promoted energy conservation and encouraged the use of LED tubes to replace fluorescent tubes, prompting SMEs and some consumers to switch to more LED tubes. The Kaitai Research Center (a subsidiary of the Thai Bank of Thailand) believes that the various factors mentioned above are expected to boost the demand for LED lighting tubes in Thailand and promote the continued growth of the LED lighting tube market. The Kaitai Research Center predicts that the market value of LED lighting tubes in 2016 is expected to increase from 3.73 billion baht (equivalent to approximately 696 million yuan) in 2015 to 49.8-51.5 billion baht (equivalent to approximately 9.30-964 million yuan), The increase will be expanded from 27.7% in 2015 to 33.5-38.1%. In 2016, the total value of the lighting tube market will reach 219.7-223.8 billion baht (equivalent to RMB 4.104-41.81 billion yuan), which is 6-8% higher than the 20.72 billion baht in 2015. The market value of LED lighting tubes can be accounted for. Hope to reach 23.0%. The Vietnamese market At the same time, as Vietnam's per capita income has gradually grown, its LED home lighting market has also begun to flourish. Therefore, for LED manufacturers, local brand management and channel construction will become the key to market development. According to the LEDinside research report, the LED lighting market in Vietnam reached 271 million US dollars in 2015. It is estimated that it will grow to 348 million US dollars in 2016, with a growth rate of 28%, making the Vietnamese market gradually attract LED lighting manufacturers. Favor. Observing the overall LED lighting market in Vietnam, Vietnam used to consume 200 million traditional light bulbs each year, including traditional tungsten filament bulbs that consume more electricity. With the increase of LED penetration rate, the traditional lighting market in Vietnam has continued to decline in the past few years, while the LED lighting market has maintained a rising trend. It is estimated that the penetration rate of LED lighting in Vietnam will reach about 35% in 2016. Due to the low base period of the LED lighting market in Vietnam, the market has grown faster than other countries in Southeast Asia. In recent years, with the improvement of consumption power in Vietnam, the LED lighting market demand will gradually shift from the current major engineering applications to home lighting applications. Under the conditions of cheap labor costs in Vietnam, many foreign companies have set up factories in the market. Therefore, LED lighting needs are mostly from the LED lighting needs of new projects. In addition, countries such as China, Japan and South Korea have also launched government development assistance for Vietnam to stimulate the demand for LED outdoor lighting in local infrastructure projects. However, since the government and other engineering standards are mostly controlled by Vietnamese locals, foreign companies need to integrate with Vietnam. Manufacturers have the opportunity to cut into the market. Indonesian market In Indonesia, according to The Hindu, the International Energy Agency (IEA) intends to try to replicate the implementation of the Indian LED bulb policy in Indonesia to reduce the cost of efficient lighting technology. EESL's LED program has been successful and the IEA is working with it to bring the program to the world. The Deputy Director of the IEA, Paul Simons, said at the World Summit on Sustainable Development that we want to try this model in Indonesia, which we believe is a best practice case that must be shared. According to The Hindu, the International Energy Agency (IEA) is trying to replicate the implementation of the Indian LED bulb policy in Indonesia to reduce the cost of efficient lighting technology. India has launched a nationwide LED upgrade program through state-supported utility company Energy Services (EESL). EESL's LED program has been successful and the IEA is working with it to bring the program to the world. The Deputy Director of the IEA, Paul Simons, said at the World Summit on Sustainable Development that we want to try this model in Indonesia, which we believe is a best practice case that must be shared. EESL India has been buying LED bulbs in bulk to reduce prices and distribute bulbs in accordance with the government's UJALA program, which has led to a steady decline in LED bulb prices over the past few years. The company purchased LED bulbs in 2014 at a price of 310 rupees (about 4.65 US dollars), and in March 2016 it plummeted to 55 rupees. Compared with two years ago, the production capacity of LED bulbs has increased from one million to 40 million. LED lights save 80% compared to incandescent bulbs. New Energy and Renewable Energy (MNRE) Minister Upendra Tripathy said: By 2022, India's goal of achieving 175 billion watts of renewable energy will not be a problem. The Turkish market is expected to grow at a compound annual growth rate of 15.6% from 2016 to 2022, according to the market research company ResearchandMarkets' promotion factors, opportunities, trends and forecast reports for the LED market in Turkey from 2015 to 2020. By 2022, the market size will reach 344 million US dollars. The LED market analysis report is based primarily on the main application areas of the product - lighting, display and backlighting, mobile devices, signage and billboards and other products. The field of lighting is further divided into indoor lighting and outdoor lighting. The products are divided into light bulbs, street lamps and spotlights. In the Turkish market, LEDs are expected to have the highest growth rate in the application market for signs and billboards. Turkey decided to develop intellectual property rights for LED products and replace LED lights as lighting to reduce energy consumption, which greatly promoted the development of the Turkish LED lighting market. As the government coordinated and increased the use of LED wicks, other LED products began to grow at a high speed in the country. Due to the government's investment in outdoor lighting replacement, the popularity of LED lighting in Turkey will increase exponentially during the forecast period, replacing traditional halogen and incandescent lamps in rural areas. The ban on the use of halogen lamps in Europe also provides some opportunities for Turkish exporters to manufacture and export LED lighting products to European manufacturers. Some Turkish manufacturers, such as AtilAydinlatma, have begun exporting LED lighting products to European countries. LED lighting has become the mainstream of the lighting application market. However, after the market penetration rate has increased rapidly in recent years, the price of LED lighting products has slowed down in 2016, but the market growth momentum has begun to slow down, showing the phenomenon of uneven global demand. With the new US President Trump coming to power, or adversely affecting China’s exports to the United States. The industry believes that the uncertainty of the US market will increase in 2017, and emerging markets such as Southeast Asia and the Middle East will have greater growth potential and will be expected to become a battleground for the military.
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