| Product Code: ETC10870786 | Publication Date: Apr 2025 | Updated Date: Oct 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Bhawna Singh | No. of Pages: 65 | No. of Figures: 34 | No. of Tables: 19 |
Belgium`s surface mount PLCC LEDs import market saw steady growth in 2024, with top exporting countries being Estonia, Bulgaria, Netherlands, China, and Germany. Despite the presence of multiple exporting countries, the market exhibited low concentration as indicated by the Herfindahl-Hirschman Index (HHI). The compound annual growth rate (CAGR) from 2020 to 2024 stood at an impressive 12.7%, with a notable growth rate of 15.54% from 2023 to 2024. This signifies a promising trend in the importation of surface mount PLCC LEDs into Belgium, reflecting strong demand and market expansion.

1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Belgium Surface Mount PLCC LEDs Market Overview |
3.1 Belgium Country Macro Economic Indicators |
3.2 Belgium Surface Mount PLCC LEDs Market Revenues & Volume, 2021 & 2031F |
3.3 Belgium Surface Mount PLCC LEDs Market - Industry Life Cycle |
3.4 Belgium Surface Mount PLCC LEDs Market - Porter's Five Forces |
3.5 Belgium Surface Mount PLCC LEDs Market Revenues & Volume Share, By Package Type, 2021 & 2031F |
3.6 Belgium Surface Mount PLCC LEDs Market Revenues & Volume Share, By Power Rating, 2021 & 2031F |
3.7 Belgium Surface Mount PLCC LEDs Market Revenues & Volume Share, By Application, 2021 & 2031F |
3.8 Belgium Surface Mount PLCC LEDs Market Revenues & Volume Share, By End Use, 2021 & 2031F |
4 Belgium Surface Mount PLCC LEDs Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for energy-efficient lighting solutions in Belgium |
4.2.2 Technological advancements leading to improved efficiency and lifespan of surface mount PLCC LEDs |
4.2.3 Growing adoption of surface mount PLCC LEDs in various applications such as automotive, consumer electronics, and healthcare |
4.3 Market Restraints |
4.3.1 High initial costs associated with surface mount PLCC LEDs |
4.3.2 Limited awareness about the benefits of surface mount PLCC LEDs among consumers and businesses |
4.3.3 Intense competition from other lighting technologies in the Belgian market |
5 Belgium Surface Mount PLCC LEDs Market Trends |
6 Belgium Surface Mount PLCC LEDs Market, By Types |
6.1 Belgium Surface Mount PLCC LEDs Market, By Package Type |
6.1.1 Overview and Analysis |
6.1.2 Belgium Surface Mount PLCC LEDs Market Revenues & Volume, By Package Type, 2021 - 2031F |
6.1.3 Belgium Surface Mount PLCC LEDs Market Revenues & Volume, By PLCC2, 2021 - 2031F |
6.1.4 Belgium Surface Mount PLCC LEDs Market Revenues & Volume, By PLCC4, 2021 - 2031F |
6.2 Belgium Surface Mount PLCC LEDs Market, By Power Rating |
6.2.1 Overview and Analysis |
6.2.2 Belgium Surface Mount PLCC LEDs Market Revenues & Volume, By Low Power, 2021 - 2031F |
6.2.3 Belgium Surface Mount PLCC LEDs Market Revenues & Volume, By High Power, 2021 - 2031F |
6.3 Belgium Surface Mount PLCC LEDs Market, By Application |
6.3.1 Overview and Analysis |
6.3.2 Belgium Surface Mount PLCC LEDs Market Revenues & Volume, By Display Backlighting, 2021 - 2031F |
6.3.3 Belgium Surface Mount PLCC LEDs Market Revenues & Volume, By Automotive Lighting, 2021 - 2031F |
6.4 Belgium Surface Mount PLCC LEDs Market, By End Use |
6.4.1 Overview and Analysis |
6.4.2 Belgium Surface Mount PLCC LEDs Market Revenues & Volume, By Consumer Electronics, 2021 - 2031F |
6.4.3 Belgium Surface Mount PLCC LEDs Market Revenues & Volume, By Automotive, 2021 - 2031F |
7 Belgium Surface Mount PLCC LEDs Market Import-Export Trade Statistics |
7.1 Belgium Surface Mount PLCC LEDs Market Export to Major Countries |
7.2 Belgium Surface Mount PLCC LEDs Market Imports from Major Countries |
8 Belgium Surface Mount PLCC LEDs Market Key Performance Indicators |
8.1 Energy savings achieved by using surface mount PLCC LEDs compared to traditional lighting sources |
8.2 Number of new product developments and innovations in the surface mount PLCC LEDs market |
8.3 Adoption rate of surface mount PLCC LEDs in key industries and applications in Belgium |
9 Belgium Surface Mount PLCC LEDs Market - Opportunity Assessment |
9.1 Belgium Surface Mount PLCC LEDs Market Opportunity Assessment, By Package Type, 2021 & 2031F |
9.2 Belgium Surface Mount PLCC LEDs Market Opportunity Assessment, By Power Rating, 2021 & 2031F |
9.3 Belgium Surface Mount PLCC LEDs Market Opportunity Assessment, By Application, 2021 & 2031F |
9.4 Belgium Surface Mount PLCC LEDs Market Opportunity Assessment, By End Use, 2021 & 2031F |
10 Belgium Surface Mount PLCC LEDs Market - Competitive Landscape |
10.1 Belgium Surface Mount PLCC LEDs Market Revenue Share, By Companies, 2024 |
10.2 Belgium Surface Mount PLCC LEDs Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |
Export potential enables firms to identify high-growth global markets with greater confidence by combining advanced trade intelligence with a structured quantitative methodology. The framework analyzes emerging demand trends and country-level import patterns while integrating macroeconomic and trade datasets such as GDP and population forecasts, bilateral import–export flows, tariff structures, elasticity differentials between developed and developing economies, geographic distance, and import demand projections. Using weighted trade values from 2020–2024 as the base period to project country-to-country export potential for 2030, these inputs are operationalized through calculated drivers such as gravity model parameters, tariff impact factors, and projected GDP per-capita growth. Through an analysis of hidden potentials, demand hotspots, and market conditions that are most favorable to success, this method enables firms to focus on target countries, maximize returns, and global expansion with data, backed by accuracy.
By factoring in the projected importer demand gap that is currently unmet and could be potential opportunity, it identifies the potential for the Exporter (Country) among 190 countries, against the general trade analysis, which identifies the biggest importer or exporter.
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