Indonesia Light Emitting Diodes (LEDs) Market to Exhibit Increased Demand in the Coming Years
Indonesia is one of the countries with rich resources but lesser industrialization. The increasing industrialization of Indonesia is demanding more and more power in already power deficit economy with low electrification rate. Light Emitting Diodes (LEDs) based lighting, which needs 30–90% less electricity as compared to other lighting sources, is being promoted as a product to reduce the power requirement. The economic growth and urbanization are expected to further increase the pressure on existing infrastructure, demanding higher power requirements. Thus, growing power deficit is in turn expected to fuel the market growth for LED based products in the Indonesian market.
The study of Indonesia LEDs market provides the market size information and market trends along with the factors and parameters impacting in both short and long term. The study also covers the competitive scenario of the market with respect to the raw material availability, major players with their branding strategies and differentiating factors among others. The study ensures a 360° view, bringing out the complete key insights of the industry. These insights help the business decision makers to make better business plans and informed decisions for the future business. In addition, the study helps the venture capitalist in understanding the companies better and take informed decisions.
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According to Infoholic Research, Indonesia’s LEDs market is expected to grow at a CAGR of 21.5% during the forecast period to reach $1.85 billion by 2022. The lighting segment is expected to contribute the largest growth towards the LED market and is expected to be driven by the government initiatives, decreasing LED prices, and investments from multinational players in the Indonesian market.
Growing trade relation between Indonesia and China in LED market is expected to be helpful for domestic producers in LEDs procurement. Many multinational companies have invested in Indonesia and government is expected to support domestic production during the forecast period. Some of the prominent players in Indonesian LED market are LeKise International, Mouser Electronics, Solarens Ledindo, PT Philips Indonesia, and PT OSRAM Indonesia.
This study covers and analyzes one of the growing and revolutionizing market in terms of light sources in Indonesia’s “Light Emitting Diodes (LEDs)” market. Bringing out the complete key insights of this market, the aim of this report is to provide the business opportunities for players to understand the adoption rate of LEDs types in various industry sectors, latest trends, current and future market scenarios, and emerging technologies related to Indonesian LEDs market. Some of the key points featured in the report aiming to help the industry participants have been covered below.
The report provides the complete details about the LEDs’ adoption rate, applications and major market trend, drivers, restraints, and opportunities in each LED product application areas. The study also covers the market trends which are going to support the LEDs adoption in each application industry in Indonesia. These information help the stakeholders to understand about the current and future market scenarios to focus or expand/invest in specific verticals.
This report helps the stakeholders to understand the market competitiveness and available opportunities in Indonesia LEDs market. The analysis of the study provides an opportunity to the players to improve their current business approach by providing strategic intelligence about the competition. Some of the key industry players profiled include LeKise International, Mouser Electronics, Solarens Ledindo, PT Philips Indonesia and PT OSRAM Indonesia.
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This study also provides the competitive landscape of the leading players’ specific to LEDs market that help them to understand about their competitor’s landscape.
The report can also be tailored as per the specific information required by the users. The customization of the report is available on the basis of product markets, vendor profiles, other light sources and sub-application level.