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Vietnam LED Lighting Market: Overview, Industry Top Manufactures, Market Size, Opportunities and Forecast by 2026

According to the latest report by IMARC Group, titled “Vietnam LED Lighting Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026”, the vietnam LED lighting market exhibited strong growth during 2015-2020. Looking forward, IMARC Group expects the market to reach a value of US$ 1,056 Million by 2026, exhibiting strong growth during the forecast period (2021-2026).

We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.

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https://www.imarcgroup.com/vietnam-led-market/requestsample

Light-emitting diodes (LEDs) stand for semiconductor light sources that generate non-coherent, narrow-spectrum light when electric current passes through them. As compared to conventional lighting systems using incandescent or fluorescent technologies, LED lighting provides better energy efficiency, enhanced versatility, improved durability, longer lifespan, etc. Besides this, LEDs are also environment-friendly, cost-effective, and available in various colors. As a result, they are installed into bulbs and fixtures for general lighting applications and used for backlighting in various electronic devices, automobiles, display boards, etc.

The growing utilization of LED technology in traffic lights is primarily driving the market in Vietnam. Additionally, the conventional incandescent bulbs, particularly used in street lighting, are increasingly being replaced with LED lights, thereby propelling the product demand. Moreover, the growing adoption of LED lighting by the Vietnamese government through major projects, such as the Vietnam Energy Efficient Public Lighting Project (VEEPL) and the Vietnam National Energy Efficiency Plan (VNEEP), is further strengthening the market growth. These projects aim to minimize energy consumption and reduce carbon footprints. Besides this, the rising installation of LED lights in mobile devices, signal and signage, automobiles, etc., is projected to further catalyze the market growth in Vietnam over the forecast period.

Vietnam LED lighting Market 2021-2026 Competitive Analysis and Segmentation:

Competitive Landscape with Key Players:

The competitive landscape of the vietnam LED lighting market has been studied in the report with the detailed profiles of the key players operating in the market.

Key Market Segmentation:

The report has segmented the vietnam LED lighting market on the basis of product type, application and installation type.

Breakup by Product Type:

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

Breakup by Application:

  • Commercial Application
  • Residential Application
  • Institutional Application
  • Industrial Application

Breakup by Installation Type:

  • New Installation
  • Retrofit Installation

Explore Full Report with TOC & List of Figure: https://www.imarcgroup.com/vietnam-led-market

Key highlights of the report:

  • Market Performance (2015-2020)
  • Market Outlook (2021-2026)
  • Industry Trends
  • Market Drivers and Success Factors
  • The Impact of COVID-19 on the Global Market
  • Value Chain Analysis
  • Structure of the Global Market
  • Comprehensive mapping of the competitive landscape

If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

Browse Related Reports:

Printed Electronics Market: https://www.imarcgroup.com/printed-electronics-market

UAE LED Lights Market: https://www.imarcgroup.com/led-lights-market-uae

UAE Smart Lighting Market: https://www.imarcgroup.com/uae-smart-lighting-market

Smart Pole Market: https://www.imarcgroup.com/smart-pole-market

Wearable Technology Market: https://www.imarcgroup.com/wearable-technology-market

GCC LED Lighting Market: https://www.imarcgroup.com/gcc-led-lighting-market

Saudi Arabia LED Lights Market: https://www.imarcgroup.com/saudi-arabia-led-lights-market

Saudi Arabia Smart Lighting Market: https://www.imarcgroup.com/saudi-arabia-smart-lighting-market

About Us

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

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