LED Market to Experience Rapid Growth in Southeast Asia

Asia LED Market

With LED lighting markets in Europe and the United States hitting maturity, the industry now turns to Southeast Asia for continued growth. 

LED lighting markets in Europe, the US and Japan have gradually matured, and China is also entering a period of intense competition over pricing and scale. With the formation of the ASEAN Economic Community, LED vendors' attention on emerging markets in Southeast Asia has grown over the years. According to a recent estimate made by LEDinside, the lighting markets of the six major Southeast Asia countries, Thailand, Singapore, Malaysia, Vietnam, Indonesia, and the Philippines, had a combined value of US$4.5 billion in 2014. Of that, around US$1.1 billion came from the LED lighting market. The growing infrastructure needs within the countries in Southeast Asia are expected to bring demand for LED lighting as well. More from Digitimes

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