Indonesia LED Market Report by Product Type (Panel Lights, Down Lights, Street Lights, Tube Lights, Bulbs, and Others), Application (Commercial, Residential, Institutional, Industrial), Installation Type (New Installation, Retrofit Installation), and Region 2024-2032
The Indonesia LED market size reached US$ 1.3 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 5.7 Billion by 2032, exhibiting a growth rate (CAGR) of 17.77% during 2024-2032.
Report Attribute
Key Statistics
Base Year
2023
Forecast Years
2024-2032
Historical Years
2018-2023
Market Size in 2023
US$ 1.3 Billion
Market Forecast in 2032
US$ 5.7 Billion
Market Growth Rate 2024-2032
17.77%
The market is currently being catalyzed by the strong support from the Indonesian government, declining prices of LED products, infrastructure growth and rising consumer awareness, etc. Energy deficiency represents a huge problem in Indonesia. The country currently has an electricity penetration rate of around 60-65%, resulting in a significant population living in darkness. Blackouts and power rationing takes place even in the country’s main capital Jakarta. Indonesia plans to increase the penetration rate of its electricity power and the Indonesian government has acknowledged LED technology as a key driver in meeting its energy saving targets. Apart from promoting the usage of LED lights in public construction projects, they are also being applied in various commercial and transportation lighting applications. The transportation lighting market in particular represents a huge opportunity area in Indonesia. The Market for LED lights in Indonesia is currently dominated by imports. The Indonesian government's policy of welcoming in overseas LED industry players has resulted in a flood of foreign products, with the cheapest products being brought in by Chinese manufacturers. This has resulted in other importers looking to compete on non-price grounds.
This report provides a deep insight into the Indonesia LED market covering all its essential aspects. This ranges from macro overview of the market to micro details of the industry performance, recent trends, key market drivers and challenges, SWOT analysis, Porter’s five forces analysis, value chain analysis, etc. This report is a must-read for LED manufacturers, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the Indonesia LED market in any manner.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the Indonesia LED market report, along with forecasts at the country and regional level from 2024-2032. Our report has categorized the market based on product type, application and installation type.
Breakup by Product Type:
Panel Lights
Down Lights
Street Lights
Tube Lights
Bulbs
Others
Breakup by Application:
Commercial
Residential
Institutional
Industrial
Breakup by Installation Type:
New Installation
Retrofit Installation
Breakup by Region:
Java
Sumatra
Kalimantan
Sulawesi
Others
Value Chain Analysis
Key Drivers and Challenges
Porters Five Forces Analysis
PESTEL Analysis
Government Regulations
Competitive Landscape
Competitive Structure
Key Player Profiles
Report Coverage:
Report Features
Details
Base Year of the Analysis
2023
Historical Period
2018-2023
Forecast Period
2024-2032
Units
US$ Billion
Segment Coverage
Product Type, Application, Installation Type, Region
Region Covered
Java, Sumatra, Kalimantan, Sulawesi, Others
Customization Scope
10% Free Customization
Report Price and Purchase Option
Single User License: US$ 3699
Five User License: US$ 4699
Corporate License: US$ 5699
Post-Sale Analyst Support
10-12 Weeks
Delivery Format
PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)
Key Questions Answered in This Report
The Indonesia LED market was valued at US$ 1.3 Billion in 2023.
We expect the Indonesia LED market to exhibit a CAGR of 17.77% during 2024-2032.
The rising demand for LEDs as they offer several advantages, including longer shelf life, higher efficiency, enhanced durability, better service life with no flickering, optimal design flexibility, etc., than conventional lighting products, is primarily driving the Indonesia LED market.
The sudden outbreak of the COVID-19 pandemic had led to the implementation of stringent lockdown regulations across the nation, resulting in the temporary closure of various manufacturing units for LEDs.
Based on the product type, the Indonesia LED market can be categorized into panel lights, down lights, street lights, tube lights, bulbs, and others. Currently, panel lights account for the majority of the total market share.
Based on the application, the Indonesia LED market has been segregated into commercial, residential, institutional, and industrial. Among these, residential currently exhibits a clear dominance in the market.
Based on the installation type, the Indonesia LED market can be bifurcated into new installation and retrofit installation. Currently, retrofit installation holds the largest market share.
On a regional level, the market has been classified into Java, Sumatra, Kalimantan, Sulawesi, and others, where Java currently dominates the Indonesia LED market.
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