2015-03-12

Booming Infrastructure Industry Turns Southeast Asia into New Goldmine for LED Vendors, says LEDinside

LED lighting markets in Europe, the US, and Japan have gradually matured, and China is also entering a period of intense competitions over pricing and scale. With the formation of the ASEAN Economic Community, LED vendors’ attention on the emerging markets in Southeast Asia has grown over the years. According to a recent estimation made by LEDinside, a division of Trendforce, the lighting markets of the six major Southeast Asian countries – Thailand, Singapore, Malaysia, Vietnam, Indonesia, and Philippines – had a combined value of US$4.5 billion in 2014. Out of that amount, around US$1.1 billion came from the LED lighting market. The growing infrastructure needs within the countries of Southeast Asia are expected to bring great demands for LED lighting as well. 
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