Malaysia LED Lighting Market Outlook to 2027F

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.

Market Overview:

According to publisher 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.

Key Trends by Market Segment:

• By End-User: As a consequence of the Internet of Things, the need for smart and automated home solutions is continually increasing, which is expected to generate great positive potential for the adoption of LED Lighting for residential applications. This has resulted in smart cities, where IoT is used and everything is connected. Everything from streetlights to traffic lights and everything in between
• By Region: The Central Region of Malaysia covers main cities such as Selangor, and the federal territories of Kuala Lumpur and Putrajaya which has more LED manufacturers and LED sellers as compared to other regions which help in better connectivity to the other parts of Malaysia

Competitive Landscape

Future Outlook

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.

 

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