Malaysia LED Lighting Market Share, Forecast till 2031

Malaysia LED Lighting Market Size, Share, Trends, Opportunity, and Forecast, 2020-2031, Segmented By Grade , By Region and Competition

The report provides a comprehensive analysis of the potential of the LED Lighting industry in Malaysia. The report covers an overview and genesis of the industry, and the market size in terms of market revenue.

Its market segmentations include By Type of LEDs, By Usage of LEDs, By End User Sector, By Region, and By Type of Sales; growth enablers and drivers; challenges and bottlenecks; trends driving adoption trends; regulatory framework; end-user analysis, industry analysis, competitive landscape including competition scenario and market shares of major players. The report concludes with future market projections of each market segmentation and analyst recommendations.

According to Organic Market Research estimates, the Malaysia LED Lighting Market – which grew from approximately RM ~ Bn in 2017 to approximately RM ~ Bn in 2021 – is forecasted to grow further into RM ~ Bn opportunity by 2027F, owing to the growing consumer awareness about the environment, the durability of these lights, and the government mandates for energy efficiency in Malaysia.

In Malaysia, lighting accounts for nearly 10% of household electricity usage and 18–40% of commercial premises. There is a growing demand for energy saving in the country, creating scope for the market.
The transition to energy-efficient lighting is expected to reduce the electricity demand for lighting by 30-40% in 2030 in Malaysia.
LED manufacturers in the country are integrating solutions such as WIFI, occupancy sensors, and daylighting to attract consumers, resulting in increased growth of LED devices.

The Malaysia LED Lighting Market witnessed significant growth during the period 2017-2022, owing to growing consumer awareness and strict government regulations to reduce energy consumption in Malaysia.

Because of the growing usage of LED lighting systems in the residential sector of Malaysia, the LED lamp category is expected to grow at the fastest CAGR over the projected period. LED lamps provide several advantages over incandescent bulbs and CFLs, including higher energy efficiency and greater reliability. They also come in a variety of shapes and sizes. Malaysia’s government policy to raise public knowledge of LEDs and their potential to assist decrease and controlling energy use is another element that is expected to boost industry growth in the coming years.

Malaysia LED Lighting Market

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