Residential Segment to Dominate APAC Filament LED Bulb Market during 2020-2028
According to a new market research study on “APAC Filament LED Bulb Market to 2028 - COVID-19 Impact and Regional Analysis and Forecast by Product and Application,” is expected to reach US$ 2,848.52 million by 2028 from US$ 586.46 million in 2021. The market is estimated to grow at a CAGR of 25.3% from 2021 to 2028. The report provides trends prevailing in the APAC filament LED bulb market along with the drivers and restraints pertaining to the market growth. Increase in adoption of filament LED bulbs across restaurants, hotels, bars, and cafes is the major factor driving the growth of the APAC filament LED bulb market. However, common difficulties faced in filament LED bulbs hinder the growth of APAC filament LED bulb market.
APAC is characterized by many developing countries, a positive economic outlook, high residential and industrial presence, huge population, and rising disposable income. All these factors make APAC a major growth driving region for various markets, including filament LED bulbs. The lockdown of various factories in China affects the global supply chains and negatively impacts development, delivery schedules, and various products and services. Even as the factories in China are beginning to reopen, several businesses have reduced or hit pause on their operations. The region comprises of several developing countries, which consist of old indoor infrastructure with the old interiors such as flooring. During lockdown, the process of maintenance and renovation of home and other infrastructure got hampered. Besides, the most recorded consequence of COVID-19 is a significant labor shortage in China. China being the manufacturing hub faced difficulties in production processes due to labor shortage. Since the lockdown, migrant workers who had returned to their hometowns for the Lunar New Year holiday were unable to return to work. Thus, the outbreak of the pandemic apart from hampering the construction industry have also disrupted the manufacturing and supply chain process of filament LED bulbs across the region, thereby negatively impacting the market growth.
The market for filament LED bulb market is segmented into product, application and country. Based on product, market is segmented as 0-25-Watt type, 25-40-Watt type. 40-60-Watt type and Above 60-Watt type. In 2020, the 0-25-Watt type segment held the largest share APAC filament LED bulb market. Based on application the market is divided into residential, restaurants, bars, hotels, cafes and homes, others. In 2020, the residential segment held the largest share APAC filament LED bulb market. Based on country, market is segmented as Australia, China, India, Japan, South Korea, Rest of APAC.
Havells India Ltd; MEGAMAN; Feilo Sylvania APAC Limited; UKLED; Verbatim Americas LLC; OSRAM GmbH; Signify Holding (Philips); Seoul Semiconductor Co. Ltd.; are among the leading companies in the APAC filament LED bulb market. The companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market. For instance, in 2018, Manufactured as energy efficient and cost-effective replacements for traditional incandescent lamps, Verbatim LED S14 Lamps are ideal for use in signage applications. Wet rated and enclosed rated, these LED lamps are ideal for outdoor use as well
APAC is characterized by many developing countries, a positive economic outlook, high residential and industrial presence, huge population, and rising disposable income. All these factors make APAC a major growth driving region for various markets, including filament LED bulbs. The lockdown of various factories in China affects the global supply chains and negatively impacts development, delivery schedules, and various products and services. Even as the factories in China are beginning to reopen, several businesses have reduced or hit pause on their operations. The region comprises of several developing countries, which consist of old indoor infrastructure with the old interiors such as flooring. During lockdown, the process of maintenance and renovation of home and other infrastructure got hampered. Besides, the most recorded consequence of COVID-19 is a significant labor shortage in China. China being the manufacturing hub faced difficulties in production processes due to labor shortage. Since the lockdown, migrant workers who had returned to their hometowns for the Lunar New Year holiday were unable to return to work. Thus, the outbreak of the pandemic apart from hampering the construction industry have also disrupted the manufacturing and supply chain process of filament LED bulbs across the region, thereby negatively impacting the market growth.
The market for filament LED bulb market is segmented into product, application and country. Based on product, market is segmented as 0-25-Watt type, 25-40-Watt type. 40-60-Watt type and Above 60-Watt type. In 2020, the 0-25-Watt type segment held the largest share APAC filament LED bulb market. Based on application the market is divided into residential, restaurants, bars, hotels, cafes and homes, others. In 2020, the residential segment held the largest share APAC filament LED bulb market. Based on country, market is segmented as Australia, China, India, Japan, South Korea, Rest of APAC.
Havells India Ltd; MEGAMAN; Feilo Sylvania APAC Limited; UKLED; Verbatim Americas LLC; OSRAM GmbH; Signify Holding (Philips); Seoul Semiconductor Co. Ltd.; are among the leading companies in the APAC filament LED bulb market. The companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market. For instance, in 2018, Manufactured as energy efficient and cost-effective replacements for traditional incandescent lamps, Verbatim LED S14 Lamps are ideal for use in signage applications. Wet rated and enclosed rated, these LED lamps are ideal for outdoor use as well
Reasons to buy:
- To understand the APAC filament LED bulb market landscape and identify market segments that are most likely to guarantee a strong return
- Stay ahead of the race by comprehending the ever-changing competitive landscape for APAC filament LED bulb market
- Efficiently plan M&A and partnership deals in APAC filament LED bulb market by identifying market segments with the most promising probable sales
- Helps to take knowledgeable business decisions from perceptive and comprehensive analysis of market performance of various segment form APAC filament LED bulb market
- Obtain market revenue forecast for market by various segments from 2021-2028 in APAC region
Table of Contents
1. Introduction
3. Research Methodology
4. APAC Filament LED Bulb Market Landscape
5. APAC Filament LED Bulb Market - Key Market Dynamics
6. Filament LED Bulb Market - APAC Analysis
7. APAC Filament LED Bulb Market Analysis - By Product
8. APAC Filament LED Bulb Market Analysis - By Application
9. APAC Filament LED Bulb Market - Country Analysis
10. Impact of COVID-19 Pandemic on APAC Filament LED Bulb Market
11. Industry Landscape
12. Company Profiles
13. Appendix
List of Tables
List of Figures
Companies Mentioned
- Feilo Sylvania APAC Limited
- Havells India Ltd
- MEGAMAN
- OSRAM GmbH
- Seoul Semiconductor Co., Ltd.
- Signify Holding (Philips)
- UKLED
- Verbatim Americas LLC
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 83 |
| Published | August 2021 |
| Forecast Period | 2021 - 2028 |
| Estimated Market Value ( USD | $ 586.46 Million |
| Forecasted Market Value ( USD | $ 2848.52 Million |
| Compound Annual Growth Rate | 25.3% |
| Regions Covered | Asia Pacific |
| No. of Companies Mentioned | 8 |
