Philippines LED Lighting Market Report and Forecast 2024-2032

Philippines LED Lighting Market Size

The Philippines LED lighting market reached a value of USD 613.23 million in the year 2023. The Philippines LED lighting industry is further expected to grow at a CAGR of 13.0% between 2024 and 2032 to reach a value of almost USD 1,842.11 million by 2032.

Philippines LED Lighting Market Outlook

• In 2022, the total amount of electronic exports from the Philippines reached USD 43.55 billion, which included devices incorporated with LED lights. Additionally, the total trade balance of electronic exports in the Philippines was USD 11 billion in 2022.

• In January 2023, the top five export destinations for electronics from the Philippines were Hong Kong, USA, China, Singapore, and Japan.

• As per industry reports, electronics exports in March 2023 rose by 27.35% to USD 3.83 billion.

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Philippines LED Lighting Market Growth

A light-emitting diode (LED) is a light source that uses active semiconductors and electroluminescence to radiate light. It consists of a semiconductor crystal with reflectors to illuminate the emitted light. It is illuminated when an electric current circulates through the microchip.

The Philippines LED lighting market expansion is expected to be driven by the favourable government initiatives in the country. LED lights are increasingly being used in modern architecture and offer limited glare and flicker-free operations. Due to this, the LED lights are broadly used in a wide range of applications, such as refrigerator display cases, smartphones, advertising display boards across hotels, hospitals, factories, office buildings, shopping complexes, and hypermarkets and supermarkets. These lights are extensively replacing incandescent light bulbs in the Philippines as they are relatively efficient, have extended life span, and reduces energy expenditure.

Key Trends and Developments

Increasing adoption of LEDs in modern architecture, rising environmental consciousness, government initiatives, and technological advancements are impacting the Philippines LED lighting market outlook

May 2024

Victorian bridge lanterns are set to be upgraded with LEDs to enhance their illumination. The upgrade, valued at approximately EUR 15,000, will be funded from the Footway Lighting budget of the Labour-led authority. The project reflects economy’s focus on sustainable advancements.

May 2024

Daniel Padilla opened J Castles theme park in Batangas, featuring immersive zones with LED technology. The Studio Castle includes the Infinity LED Room, which enhances the visual experience and adds a futuristic touch to the park.

Increasing adoption of LEDs in modern architecture

LED lights are being increasingly integrated into various infrastructure projects, such as the Cebu-Cordova Link Expressway, the Mactan-Cebu International Airport, and the SM Mall of Asia complex, due to their efficiency, durability, and reduced maintenance costs.

Technological advancements and smart lighting

The LED lighting market in the Philippines is witnessing the launch of innovative products with enhanced efficiency, longevity, and advanced features. Moreover, the market is embracing digitalisation and smart lighting solutions. The Philips Hue smart lighting system allows users to control their lighting through a mobile app.

Rising environmental consciousness

The rising emphasis on environmental sustainability is another key trend fuelling the adoption of LED lighting in the Philippines. LED lights are contributing to reduced carbon footprints, which aligns with the country's commitment to energy conservation and sustainable development.

Government initiatives and regulations

Initiatives such as the DOE's Energy Efficiency and Conservation Roadmap 2019-2040 and the National Renewable Energy Program aim to promote the use of energy-saving technologies like LEDs. This trend aligns with Philippine government's commitment to energy efficiency and sustainability.

Philippines LED Lighting Market Trends

The market is being aided by the rising investments in the residential and non-residential sectors by numerous private and foreign key players, further increasing the uptake of LED lights in the country. The use of LEDs offers multiple benefits, such as energy efficiency and cost-effectiveness to the customers, providing impetus to the Philippines LED lighting market growth.

The market is further driven by the effective campaigns and awareness programs undertaken by the government to encourage the use of energy-efficient lighting systems. For instance, the Government Energy Management Program (GEMP) was initiated by the government so that the Department of Energy can collect and monitor data relating to electricity usage from several government entities, such as hospitals, and educational institutions, and offer strategies to better equip these establishments with more energy-efficient infrastructure. The manufacture, sale, imports, and use of incandescent light bulbs are forbidden by the government, which further bolsters the market growth in the country.

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Philippines LED lighting Industry Segmentation

The EMR’s report titled “Philippines LED Lighting Market Report and Forecast 2024-2032” offers a detailed analysis of the market based on the following segments:

Market Breakup by Product Type

• Panel Lights

• Down Lights

• Street Lights

• Tube Lights

• Bulbs

• Others

Market Breakup by Installation Type

• New Installation

• Retrofit Installation

Market Breakup by Application

• Commercial

• Residential

• Institutional

• Industrial

• Others

Philippines LED Lighting Market Share

The residential segment holds the largest share, driven by consumer demand for energy-efficient and cost-effective lighting solutions

LED lights are widely used in retail stores, offices, hotels, restaurants, and other commercial establishments. They offer advantages such as energy efficiency, long lifespan, and improved lighting quality, making them an attractive choice for businesses looking to reduce operating costs and enhance their premises. The growing number of commercial developments and the need for modern, sustainable lighting solutions are driving the adoption of LED lights in this segment.

The residential segment accounts for the largest market share in the Philippines LED lighting market. LED lights are increasingly being used in homes for general illumination, task lighting, and decorative purposes. Consumers are attracted to the energy savings, long lifespan, and wide range of color options offered by LED lights. The rising environmental consciousness among homeowners and the availability of affordable LED bulbs are further boosting the demand in this segment.

As per Philippines LED lighting market analysis, Institutional buildings, such as schools, hospitals, and government facilities, are also adopting LED lighting solutions in the Philippines. LED lights provide improved lighting quality, energy efficiency, and reduced maintenance costs, which are crucial factors for these institutions. The growing emphasis on energy conservation and sustainability in the public sector is driving the adoption of LED lights in this segment.

Panel and tube LED lights are high in demand due to their higher energy efficiency, longer lifespan, and reduced maintenance costs

Streetlights are an important application of LED technology in the Philippines. As the country undergoes rapid urbanisation and infrastructure expansion, the demand for advanced lighting solutions for roads, bridges, and public spaces is increasing. The government's commitment to energy efficiency and sustainability is also driving the adoption of LED streetlights through various initiatives and policies.

However, panel lights are expected to hold the largest Philippines LED lighting market share due to their versatility in colour temperature and ability to produce even illumination. Advances in LED technology have permitted the manufacture of slim and lightweight panels that can be easily fitted into a variety of spaces. Panel lights are often used in commercial and professional environments because they provide a bright and visually pleasing illumination. They are also used in private homes to replace traditional lighting fixtures with more modern, energy-efficient lighting solutions.

Tube lights are a popular choice for indoor lighting in the Philippines and they are commonly used in offices, schools, hospitals, and industrial facilities. LED tube lights offer significant advantages over traditional fluorescent tubes, such as higher energy efficiency, longer lifespan, and reduced maintenance requirements. As businesses and institutions seek to optimise their energy consumption, the demand for LED tube lights is expected to grow in the coming years.

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Leading Companies in the Philippines LED Lighting Market

Market players are focused on strategically leveraging several initiatives to establish their prominence and meet evolving consumer demands

Green Light LED Energy Solutions Inc. was founded in 2012 and is headquartered at Ayala Alabang, Philippines. Specialising in LED lighting solutions, the company offers a diverse range of products including LED bulbs, LED signage modules, LED streetlamps, and LED tubes.

Yatai International Corporation was established in 1996 and is based in Manila, Philippines. It is actively involved in the lighting & electrical industry, focusing on research and development, manufacturing, sales, and branding under one roof. They are committed to delivering safe, innovative, customer-centric, eco-friendly, and superior lightings.

Firefly Electric and Lighting Corporation, also known as FELCO, was established in 2001. The company is based in Bicol, Philippines. It offers a wide range of products including lighting, electrical products, energy-efficient lighting, sustainable lighting, decorative lighting, smart lighting, and outdoor lighting solutions.

Kantt LED Lighting is a company that specialises in high-quality and affordable LED lights and electrical supplies. The company was founded in 2018 and is based in Manila, Philippines. It offers a range of lighting products, including the "Kantt Lighting Daylight LED Surface Square Downlight" available in 6W, 12W, and 18W variants.

Other key players in the Philippines LED lighting market include DG Lights and Electrobrain Enterprises, among others.

Key Highlights of the Report