With the upgrading of LED lighting products, technology and falling prices, the 2015 LED lighting penetration rate rising fast. However, despite the rapid improvement of market demand, but due to fierce price competition, plus part of the mature markets LED lighting demand growth slowed. Therefore various LED manufacturers have set his sights on emerging markets. Wherein the Southeast Asian region since the establishment of ASEAN, and China's strategy to drive all the way along the base of a large number of investment and construction, and therefore the local market demand for LED lighting market has been concerned.
It is estimated that in 2014 LED lighting market in Southeast Asia reached $ 1.1 billion. With rapid population growth, government policy support, as well as major businesses to invest in research and development, in 2015 promising LED market is expected to be stable and sustainable development. Therefore, LED lighting market in Southeast Asia in 2015 will reach $ 1.5 billion, annual growth rate as high as 36%.
Southeast Asian countries, the emerging trend bullish after lighting market in Thailand. According to the assessment, in 2015 Thailand's LED lighting market value reached $ 330 million. The Thai government estimates LED market compound annual growth rate (CAGR) to reach 30% in the next five years, the entire market value increased from 900 million to 1 billion.
At the same time, overseas companies, Japan and South Korea, all have the economic, trade and transportation hub in Asia, Thailand advantage to attract business to Thailand. Foreign-2011 since that is betting on increased funding lighting industry in Thailand, China and the ASEAN region locking. This time through Eco Light Tech Asia 2015 event, LED inside visited several local Thai LED lighting manufacturers to understand the local LED lighting market conditions, including TP Halo and EVE Lighting.
