E27 Edison Bulb Lighting Market Scale and Operational Analysis
The traditional lighting market in Vietnam has continued to decline in the past few years, and the LED lighting market has always maintained a rising trend. The LED lighting market in 2017 is expected to reach 420 million US dollars. In terms of product types, due to the lighting needs, the LED lighting market in Vietnam currently uses the highest degree of replacement light source products such as light bulbs, lamps, and spotlights. In 2017, it accounted for about 78% of the total. In the past two years, due to the rise of local production, the industry has been booming, and Vietnamese manufacturers have begun to assemble their own parts from China to save costs, leading to a year-on-year decline in the scale of imports from China. The lighting market in Vietnam is gradually escaping its high dependence on imported products and moving to a healthier form. But at the same time, it also made China's LED lighting foundry a certain negative impact on the competitiveness.
The wisdom lighting market in Vietnam started relatively late and is currently only used in outdoor and high-end commercial lighting locations. The smart lighting market in 2017 was about 18 million US dollars. By 2020, Vietnam's smart lighting market will exceed 60 million U.S. dollars.