Friday, September 15, 2017

Rising Demand for Energy Efficient Lighting Systems and Government Initiatives to Create a Green Environment has Supported Growth in the Philippines LED Lighting Market: Ken Research

Philippine government’s green infrastructure rules and regulations providing standards and incentives to promote more energy efficient and green buildings, the LED streetlight retrofit program and rising electricity penetration in the country contributed to the growth of LED lights market in Philippines.
The report titled “Philippines LED Lights Market Outlook to 2021– Government Efforts to Induce LED Penetration and Sustainable Optimization of Electricity to Develop Future Growth” by Ken Research suggested a positive CAGR of over 20% in terms of revenue in LED lighting market in the next 5 years till 2021.
Lighting industry in the Philippines is facing the most notable transition since the introduction of electric light bulbs in the 19th century. Lighting market was traditionally dominated by fluorescent tube lights (FTLs) and incandescent bulbs (ICLs) until a decade ago. The prime reasons attributed to their dominance were easy availability, cheaper products relative to other lighting products and easy installation. These traditional lighting systems consume more electricity than the LED lighting systems. LED lighting delivers on CO2 emission reduction targets by up to 1400 million tons per year, by replacing a uniform approach to lighting with tailored technology that is fit for use and also cuts unnecessary energy consumption. LED lights market in the Philippines has displayed a tremendous increase at a double digit CAGR growth. The market is still in an infancy stage in the country. The growth showcased was led by higher demand from the commercial and industrial end users for LED lights. The energy saving feature of LED lights has lured these entities to adopt the technology. With a programmable lighting system, government is able to take advantage of smart lighting systems in the event of an emergency and be able to assist in its swift resolution.
Current business models are being scrutinized and future market potential is being assessed against those models. This is due to the rapid emergence of LED lighting that is transforming the technological and competitive landscape. Increasing pollution, electricity shortage, increasing electricity generation charges and others have led the government to promote green lighting technology in the country.
Key Factors Considered in the Report
Firefly Electric Competition Philippines
LED Lights Component Sales Philippines
Adoption LED Philippines
FELCO LED Sales Philippines
LED Lights Application Philippines
Philippines Manufacturing LED
LED Lamps Industry Philippines
Indoor LED Lights in Philippines
Philippines LED Sales
LED Lights Sales in Philippines
Industry Size Forecast LED Light
LED Bulbs Imports Philippines
Future LED Philippines
To know more about the research report:
Related Reports by Ken Research
Contact:
Ken Research
Ankur Gupta, Head Marketing & Communications
+91-124-4230204
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Philippines LED Lights Market Outlook to 2021: Ken Research

The report titled “Philippines LED Lights Market Outlook to 2021 – Government Efforts to Induce LED Penetration and Optimization of Electricity to Develop Future Growth” covers market size on the basis of revenue, market segmentation by type of LED, usage, type of luminaire, type of lamps, distribution channel and by region. The report also includes the government initiatives and regulations in LED lights market, competitive landscape and company profiles for major players in the LED lights market. The report provides detailed overview on the general features of LED lights in the country and future outlook & projections with future strategies of the players in the market.
The report facilitate the readers with the identification and in-depth analysis of the existing and future trends and issues that impacts the industry and has anticipated growth in the future depending upon changing industry dynamics in coming years. The report is useful for LED lights assemblers, manufacturers, commercial, industrial, government and residential customers and other stakeholders to plan their market centric strategies in accordance with the ongoing and expected trends in the future.
Industry Overview
LED lights market in the Philippines has displayed a tremendous increase at a CAGR of ~%. The market is still in an infancy stage in the country. The growth showcased was led by higher demand from the commercial and industrial end users for LED lights. The energy saving feature of LED lights has lured these entities to adopt the technology. Lack of awareness among the people led to a lower penetration of the technology in residential sector. Moreover, the programs initiated by the government to LED streetlight retrofit, traffic lighting retrofit, public lighting retrofit and others during this period has gained a significant traction for the LED technology in the country.
Market Segmentation of Philippines LED Lights Market
In terms of revenue generation, Luminaires has dominated the market, with a share of ~% to the total revenues of Philippines LED lights market during 2016 followed by Lamps that held a share of ~% in the revenue.
The type of luminaire that dominated the Philippines LED market is panel light that accounted for a share of ~% in the overall Led lighting market in the country in 2016. Panel Light was followed by downlight, spot light and directional lights.       
LED reflectors dominated the market from the LED lamps segment. It held a share of ~% as of 2016. It was followed by LED tubes and other lamps that accounted for ~% and ~% respectively during the same year.
In 2016, the usage of LED lights in the outdoor area held a share of ~% in the overall revenue of LED lights market in the Philippines. The use of LED lights in the indoor space is not yet widely accepted in the country due to which it held a share of ~% in the overall revenue of the market during 2016.
In terms of revenue generation, project sales dominated the market with a share of ~% in the overall revenue of the market in 2016. Majority of the outdoor and indoor lighting needs are met through project sales. Project sales are followed by the exclusive agency and retailers with a share of ~% and ~% respectively during 2016.
In terms of revenue generation from the sale of LED lights, Metro Manila dominated the market as of 2016, with a share of ~%. It is followed by CALABARZON, Central Visayas and other regions with a share of ~%, ~% and ~% respectively during same year.
Competitive Landscape
The Philippines LED lights market is highly concentrated with the dominance of few leading lighting assemblers and distributors in the country. There are a significant number of assemblers and distributors of LED lights in the country but the market is dominated by a few international and domestic players. Nearly 90% of the market is dominated by top six players in the market. Since the sector requires large amount of capital to be invested, this has inhibited the emergence of several companies in the space. Frequent introduction of new LED products, rapid changes in technology, meeting the changing customer requirements, long product life cycle, prices and number of retail outlets are common platforms on which the competition prevails in the overall lighting market of the country. The major players in the market include Philips, Yatai, Firefly, Akari, General Electric and Green Energy Saving. 
Future Potential of Philippines LED Lights Market
The Philippines LED lights market is expected to grow at a rapid pace at a CAGR of ~% from 2016 to 2021 owing to rising number of market players, increasing awareness about energy-efficient lighting systems among customers, and growing efforts of government to shift customers towards the environment friendly LED lights. The LED lighting market will witness launch of innovative LED products being introduced in the market by major players attracting the Filipinos. Innovations done in the design and features of LED lights are expected to attract more customers. Especially, the features such as connectivity to mobile devices providing the ease and convenience of adjusting the brightness and color temperature of LED lights through smartphones or tablets is best suitable for the hotel ballrooms, wedding halls, party areas, malls and others. The overall LED lighting market of the Philippines is expected to generate revenue of USD ~ million by 2021.
Key Factors Considered in the Report
Philippines LED Lights Market Overview and Genesis
Directional LED Light Market Philippines
Philippines LED Trends and Development
Value Chain Analysis of the Philippines LED Lights Market
The Philippines LED Lights Market Size
LED Tubes Market Philippines
Traffic Lights Market Philippines
Spot Lights Market in Philippines
LED Lights Sales in Philippines
LED Lamps Industry Philippines
The Philippines LED Lights Market Segmentation
Government Initiatives and Regulations on the Philippines LED Lights Market
Domestic Production LED Philippines
LED Lights Application Philippines
Competition LED Lights Philippines
Outdoor LED Light Market Philippines
Akari Lighting Revenue LED Philippines
Philippines LED Sales
Revenue LED Philippines
Trends and Issues in the Philippines LED Lights Market
Indoor LED Lights in Philippines
Downlights Industry Philippines
Philippines LED Light Market
To know more about the research report:
Related Reports by Ken Research
Contact:
Ken Research
Ankur Gupta, Head Marketing & Communications
+91-124-4230204
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Thursday, September 14, 2017

Increasing Desire for Innovation to Escalate Electrical Switches Market in Asia-Pacific: Ken Research

Electrical equipment that can make or break a current is called an electrical switch. It is normally done by interrupting the current or by diverting it from one conductor to another like- a light switch which is operated manually. When the electrical switch is operated it removes or restores the conducting path in a current.
The electronic switches market is basically segmented on the basis of manufacturers, countries, types and application. On the basis of manufacturers the market is segmented into Legrand, Siemens, Simon, ABB, Schneider, etc. On the basis of countries in Asia Pacific region the market is segmented into China, Japan, Korea, Taiwan, Southeast Asia, India and Australia. China and India are the main countries which had made the Asia Pacific region to lead in the electronic switches market. On the basis of types, the market is segmented into traditional Electrical switches and smart electronic switches. Smart electronic switches are demanded more by customer from last 5 years. It works differently from regular switches which controls light. On the basis of application the market is segmented into Polyester fibres and Cellulose Acetate fibres.
According to the report, “Asia-Pacific Electrical Switches Market by Manufacturers, Regions, Type and Application, Forecast to 2022”, China, Japan and India are countries which have prolonged to dominate the Asia Pacific region around the globe. In India, electrical switches are generally available easily at affordable prices, which have led to adoption of various ranges of application like commercial and residential building, industries, hospitals, etc.
From the past years, Government (of most of the countries covered under Asia-Pacific region) had applied some strict regulations regarding the workplace safety where electrical switches were being manufactured. Industrial equipment saf
ety has been going through transformation till now. Today the industrial switches market safety standards are able to match the safety switches manufactured, which has as a result led to usage of electronic switches at different hazardous locations with reliability and stability.
In 2016, the electrical switches market has been dominated by Asia Pacific region if seen globally. China and India are the countries where construction sector is growing immensely high and it has created a rising demand for electrical switches in the market. In the future, India will become an important consumer of electrical switches market as an increase in the disposable incomes of effluent and middle class people is expected. Also, with recent growth in infrastructure, the sales volume of electrical switches and other appliances have recorded a substantial increase in the market.
In the coming years, the market of Electrical switches is forecasted to observe a growth in terms of sale as well as revenue. In the Asia Pacific region, the people who are investing in the market are walking towards more innovation and development. For more customers, nowadays the electronic switches have become a part of their home decor.
People have also commenced buying electrical modular switches online. In the long run, the electrical switches market has foreseen an increase in sales from e-commerce portals. Additionally, growth of safety switches market is anticipated to occur at an increasing rate in Asia Pacific. On a whole, the switch market covered under Asia-Pacific region is going to register great revenues with growing demands for both convenience as well as latest trends.
Key Factors Considered in the Report
Global Electrical Switches Market Research Report
Asia-Pacific Electrical Appliances Market Research Report
Asia-Pacific Electrical Switches Market Demand
Asia-Pacific Electrical Switches Import Value
Asia-Pacific Electrical Switches Export Value
Asia-Pacific Modular Switches Industry Future Outlook
Asia-Pacific Electrical Switch Brands and Manufacturers
Asia-Pacific Light Control Switches Market Trends
Asia-Pacific Safety Switches Industry Analysis
Asia-Pacific Automotive Switch Market Size
Asia-Pacific Online Switches Market Growth Opportunities
To know more about the research report:
Related reports:
Contact:
Ken Research
Ankur Gupta, Head Marketing & Communications
+91-124-4230204
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Pet Products to Proliferate in Argentina: Ken Research

Pet owners are increasingly becoming aware about the pet health and their overall wellness. As compared to human and organic food, pet food is taxed more by the government of Argentina. Some consumers are dependent on their leftovers because of hike in prices of pet food. But still, e-commerce emboldens buyers to purchase pet products more flexibly and comfortably.
Consumers have become well aware about the variety and different ranges available in pet products. Also, there has been an increase in demand for premium products for their pets as people are becoming conscious about their pet’s health, especially in the sector of pet food products.
According to the report, “Pet Products in Argentina”, in 2016, pet products market has suffered through a decline. But till 2017, a positive improvement is anticipated in the growth volume of pet products. Within the first month of 2017, a sufficient amount of growth has also been observed after extremely complicated situation during 2016. The evolution of the Argentinean economy in general terms as well as humanization of pets has led to a satiated recovery in sales of pet products in the country.
Therefore, overall there has been an improvement in the market of pet products. There is a stable competitive landscape of pet products and in future it is expected that there will be a rise in the number of players due to development in product diversification.
In 2017, a favorable expansion has been observed via entry of new brands and also Mars Inc., Nestle, P&G Petcare and Grupo Pilar have prolonged to be the major players of pet food market in Argentina. These leading players are continuously involved in ameliorating the quality of food products for pets. Also due to increasing modern lifestyles, people in Argentina have started purchasing these products for their own convenience as well as satisfaction.
About 3 million cats and 9 million dogs are present in the households of Argentina. Proper recovery of economic situation will take place in a short period, which will further persuade the growth of pet products in Argentina. Additionally, government of Argentina is aiming to educate more people about pet nutrition with main focus on the fact that there is a connection between a person and their pet, which should be handled with utmost care and love. In 2017, the pet humanization trend has increased and will continue to amplify in future.
In the coming years, greater varieties of companies and brands are expected to be seen in the market. Also, there will be a growth in humanize pets which will eventually lead to a rise in the demand for pet products in the country. Due to stability in pet care in Argentina, growth of pet products has been well estimated to record substantial increase yearly. Further, with increasing urbanization and growing income levels of consumers, due to rapid affirmative economic and social changes in Argentina; the market will undoubtedly expand its production as well as blossom beautifully with the passage of time.
Key Factors Considered in the Report
Argentina Pet Food Industry Trends
Argentina Pet Care Market Demand
Argentina Pet Dietary Supplements Market Revenue
Argentina Pet Healthcare Products Industry Analysis
Global Pet Products Market Research Report
Argentina Pet Products Import Value
Argentina Pet Products Export Value
Argentina Pet Services Market Trends
Argentina Pet Products Market Research Report
Asia-Pacific Pet Food Industry Future Outlook
To know more about the research report:
Related reports:
Contact:
Ken Research
Ankur Gupta, Head Marketing & Communications
+91-124-4230204
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