Malaysia LED Lighting Market is in the growing stage, being driven by rising infrastructural development across the retail, industrial, and commercial sectors, coupled with the increasing demand for energy-efficient lighting sources. Major players in the market are Oversea Lighting, LigLED, Philips Hue, Li-Fi Labs, Signify, etc.
Key Market Findings:
- LED manufacturers will be focusing on including features like Wi-Fi, occupancy sensors, and daylighting because these attract customers and increase product sales, thus fostering market growth.
- Surging adoption of solar LEDs in remote areas and rigorous government regulations with respect to green technology across different nations will result in the new installation of streetlights and track lights.
- LED lighting is an energy-saving solution with a 50,000-hour lifespan and lower electricity use. As a result, it is anticipated that stringent government rules limiting the use of lighting that uses a lot of energy will promote the expansion of the market in Malaysia.
Innovative LED Products: Growth in the market is expected to be supported by increasing awareness about energy-efficient lighting systems among customers and growing efforts of the government to shift both residential and non-residential customers towards the use of environment-friendly lighting systems. Additionally, the LED lighting market shall witness the launch of innovative LED products introduced in the market by the major players in the coming years. Innovations done in the design and features of LED lights are expected to attract a number of customers.
LED to save energy in the future: The demand for street lighting is expected to corner a robust growth rate in the long run. This can be mainly imputable to the increasing focus on the development of smart cities across the world, wherein the installation of streetlights would help save energy, reduce maintenance costs, control light intensity, and curb carbon emissions. Moreover, government programs and policies directed towards the use of LED lights in public spaces and regulations to install LED lights in the advertising materials such as billboards and display boards are expected to boost sales during the forecast period.
Increasing investment in Marketing strategies: Due to the increasing population, budding infrastructure development activities in the countries, and rising government initiatives with a focus on energy efficiency, the demand for commercial and industrial applications will be increasing, thus driving the production of LEDs in the region. Moreover, in order to widen their consumer base, manufacturers are not only coming up with different LED lighting products but are also investing in marketing through newspapers, televisions, etc. This is increasing product awareness among consumers which, in turn, is strengthening the growth of the market further to the future.
Analysts at Ken Research in their latest publication “Malaysia LED Lighting Market Outlook to 2027F- By Type of LEDs (Lamps and Luminaires), By Usage (Indoor and Outdoor), By Sector, By Region, By Sales (Project and Retail)” observed that Malaysia LED Lighting Market is in a growing phase. Shifting trends towards energy-efficient lamps, and growing awareness towards the utilization of LED bulbs in rural areas are some of the factors that will contribute to the Malaysia LED Lighting market growth over the period of 2022-2027F. It is expected that Malaysia LED Lighting Market will grow at a CAGR of ~% for the above-forecasted period.
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Key Segments Covered in the report
Malaysia LED Lighting Market
By Type of LEDs:
- LED Luminaires
- Downlights
- Linear Lights
- Flood Lights
- High Bay
- Other Luminaires
- LED Lamps
By Usage of LEDs:
- Indoor
- Outdoor
- Street Lighting
- Building Exteriors/ Façade Lighting
- Parking Lots and Garages
- Others
By End User Sector:
- Commercial
- Residential
- Industrial
- Healthcare
- Hospitality
- Others
By Region:
- Central
- East Coast
- Sabah and Sarawak
- North
- South
By Type of Sales
- Project
- Retail
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Key Target Audience
- Existing LED Lighting Manufacturers in Malaysia
- New Market Entrants- Domestic OEMs
- New Market Entrants- Foreign OEMs
- Real Estate Companies
- Government Bodies
- Investors & Venture Capital Firms
- Lighting Equipment Manufacturers and Importers
- LED Lighting Retail Chains
- Lighting Equipment Distributors
- Lighting Equipment Associations
Time Period Captured in the Report:
- Historical Period: 2017-2022
- Base Period: 2022
- Forecast Period: 2022-2027F
Companies Covered:
- Philips Hue
- TP-Link
- Li-Fi Labs
- Signify
- IKEA
- Alfo Lighting
- O.S. In D’sign
- Lightcraft
- NSB
- Oversea Lighting & Electric(M) Sdn Bhd
- LigLED
- SUCCESS
- Decasa Lighting
- Lumiere Lighting
- E S L Lighting
- Mr Bright Lighting
Key Topics Covered in the Report
- Overview and Genesis of the Malaysia LED Lighting Market
- Cross-Comparison of Malaysia LED lighting Market with other Asian nations
- Malaysia LED Lighting Market Value Chain Analysis
- Major Entities Involved in Value Chain and their Strategies
- Malaysia LED Lighting Market Size, 2017-2022, By Sales Value
- Malaysia LED Lighting Market Segmentation
- Cost Analysis/ Cost Component for LED Lighting in the Malaysia Market
- Decision-Making Process Before Purchasing LED Lighting in the Malaysia Market
- Trends and Developments in the Malaysia LED Lighting Market
- Issues and Challenges in Malaysia LED Lighting Market
- SWOT Analysis for the Malaysia LED Lighting Market
- Recent Technologies in Malaysia LED Lighting Market
- Manufacturing Clusters for LED and Component Manufacturers in Malaysia
- Government Initiatives and Regulations in the Malaysia LED Lighting Market
- Market shares of major players in the Malaysia Lighting Market
- Competitive Scenario in Malaysia LED Lighting Market
- Competitive Landscape of Major Players in Malaysia’s LED Lighting Market
- Malaysia LED Lighting Market Future Outlook and Projections, By Revenues, 2022-2027F
- Malaysia LED Lighting Market Future Outlook and Projections, By upcoming
- Technologies in the Lighting Market
- Analyst Recommendation
For more insights on the market intelligence, refer to the link below: –
Malaysia LED Lighting Market Outlook to 2027F: Ken Research
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