Singapore Outdoor LED Lighting Market (2024-2030) | Share, Industry, Analysis, Revenue, Trends, Forecast, Outlook, Growth, Value, Size & Companies

Market Forecast By Installation Type (New, Retrofit), By Wattage Type (Less than 50W, 50W to 100W, More than 100W) And Competitive Landscape
Product Code: ETC005567 Publication Date: Jul 2023 Updated Date: May 2024 Product Type: Report
Publisher: 6Wresearch No. of Pages: 70 No. of Figures: 35 No. of Tables: 5

Singapore Outdoor Led Lighting Market Competition 2023

Singapore Outdoor Led Lighting market currently, in 2023, has witnessed an HHI of 2515, Which has decreased substantially as compared to the HHI of 10000 in 2017. The market is moving towards concentrated. Herfindahl index measures the competitiveness of exporting countries. The range lies from 0 to 10000, where a lower index number represents a larger number of players or exporting countries in the market while a large index number means fewer numbers of players or countries exporting in the market.

Singapore Export Potential Assessment For Outdoor LED Lighting Market (Values in USD Thousand)


Singapore Outdoor LED Lighting Market Synopsis

The outdoor LED lighting market in Singapore is expected to witness significant growth during the forecast period (2020-2026). The rising demand for energy efficient lighting systems such as LED lights and growing support from the government are some of the major factors driving the growth of this market. Additionally, increasing awareness about sustainability among people coupled with evolving technology has also buoyed up the adoption of outdoor LED lighting solutions in Singapore. However, high installation and maintenance costs associated with these products may hamper market growth over the forecast period.

Market Drivers

Growing Awareness About Energy Efficiency: Increasing use of energy efficient products including outdoor LED lights has led to a decrease in electricity consumption thereby reducing environmental pollution levels due to burning fuels for generating power. This factor is expected to create positive opportunities for market players which will eventually drive overall market revenue during 2020-2026. Government Support & Initiatives: The Singapore government provides subsidies on installation cost as well as tax credits or grants on purchases made related to green technologies like solar panels, LEDs ETC, which drives uptake among residential consumers as well as commercial businesses. Therefore, these initiatives have encouraged widespread acceptance and adoption of outdoor LED lighting solutions across various applications in Singapore thus propelling industry expansion over upcoming years.

Market challenges

High Initial Investment Cost: With advancements in technology, there have been improvements in terms of efficacy, operational lifetime and durability leading to higher cost associated with initial purchase of outdoor LEDs compared to conventional light sources such as halogen lamps or incandescent bulbs ETC, which might restrain its uptake by end users posing a challenge towards industry expansion during 2020-2026 timeframe.

Key players

Philips Lighting, OsramLicht AG, Panasonic Corporation, General Electric Company, Honeywell International Incorporated.ETC

Covid-19 Impact

The outbreak of COVID-19 pandemic has disrupted supply chains all around the world significantly impacting production process resulting in delayed product launches hampering industry expansion during 2020-2026 time frame.However, it is anticipated that once restrictions are lifted post lockdown situation , this marketplace is poised to regains foothold within a short span of time.

Key Highlights of the Report:

  • Singapore Outdoor LED Lighting Market Outlook
  • Market Size of Singapore Outdoor LED Lighting Market, 2023
  • Forecast of Singapore Outdoor LED Lighting Market, 2030
  • Historical Data and Forecast of Singapore Outdoor LED Lighting Revenues & Volume for the Period 2020-2030
  • Singapore Outdoor LED Lighting Market Trend Evolution
  • Singapore Outdoor LED Lighting Market Drivers and Challenges
  • Singapore Outdoor LED Lighting Price Trends
  • Singapore Outdoor LED Lighting Porter's Five Forces
  • Singapore Outdoor LED Lighting Industry Life Cycle
  • Historical Data and Forecast of Singapore Outdoor LED Lighting Market Revenues & Volume By Installation Type for the Period 2020-2030
  • Historical Data and Forecast of Singapore Outdoor LED Lighting Market Revenues & Volume By New for the Period 2020-2030
  • Historical Data and Forecast of Singapore Outdoor LED Lighting Market Revenues & Volume By Retrofit for the Period 2020-2030
  • Historical Data and Forecast of Singapore Outdoor LED Lighting Market Revenues & Volume By Wattage Type for the Period 2020-2030
  • Historical Data and Forecast of Singapore Outdoor LED Lighting Market Revenues & Volume By Less than 50W for the Period 2020-2030
  • Historical Data and Forecast of Singapore Outdoor LED Lighting Market Revenues & Volume By 50W to 100W for the Period 2020-2030
  • Historical Data and Forecast of Singapore Outdoor LED Lighting Market Revenues & Volume By More than 100W for the Period 2020-2030
  • Singapore Outdoor LED Lighting Import Export Trade Statistics
  • Market Opportunity Assessment By Installation Type
  • Market Opportunity Assessment By Wattage Type
  • Singapore Outdoor LED Lighting Top Companies Market Share
  • Singapore Outdoor LED Lighting Competitive Benchmarking By Technical and Operational Parameters
  • Singapore Outdoor LED Lighting Company Profiles
  • Singapore Outdoor LED Lighting Key Strategic Recommendations
Frequently Asked Questions About the Market Study (FAQs):
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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 Singapore Outdoor LED Lighting Market Overview

3.1 Singapore Country Macro Economic Indicators

3.2 Singapore Outdoor LED Lighting Market Revenues & Volume, 2020 & 2030F

3.3 Singapore Outdoor LED Lighting Market - Industry Life Cycle

3.4 Singapore Outdoor LED Lighting Market - Porter's Five Forces

3.5 Singapore Outdoor LED Lighting Market Revenues & Volume Share, By Installation Type, 2020 & 2030F

3.6 Singapore Outdoor LED Lighting Market Revenues & Volume Share, By Wattage Type, 2020 & 2030F

4 Singapore Outdoor LED Lighting Market Dynamics

4.1 Impact Analysis

4.2 Market Drivers

4.3 Market Restraints

5 Singapore Outdoor LED Lighting Market Trends

6 Singapore Outdoor LED Lighting Market, By Types

6.1 Singapore Outdoor LED Lighting Market, By Installation Type

6.1.1 Overview and Analysis

6.1.2 Singapore Outdoor LED Lighting Market Revenues & Volume, By Installation Type, 2020-2030F

6.1.3 Singapore Outdoor LED Lighting Market Revenues & Volume, By New, 2020-2030F

6.1.4 Singapore Outdoor LED Lighting Market Revenues & Volume, By Retrofit, 2020-2030F

6.2 Singapore Outdoor LED Lighting Market, By Wattage Type

6.2.1 Overview and Analysis

6.2.2 Singapore Outdoor LED Lighting Market Revenues & Volume, By Less than 50W, 2020-2030F

6.2.3 Singapore Outdoor LED Lighting Market Revenues & Volume, By 50W to 100W, 2020-2030F

6.2.4 Singapore Outdoor LED Lighting Market Revenues & Volume, By More than 100W, 2020-2030F

7 Singapore Outdoor LED Lighting Market Import-Export Trade Statistics

7.1 Singapore Outdoor LED Lighting Market Export to Major Countries

7.2 Singapore Outdoor LED Lighting Market Imports from Major Countries

8 Singapore Outdoor LED Lighting Market Key Performance Indicators

9 Singapore Outdoor LED Lighting Market - Opportunity Assessment

9.1 Singapore Outdoor LED Lighting Market Opportunity Assessment, By Installation Type, 2020 & 2030F

9.2 Singapore Outdoor LED Lighting Market Opportunity Assessment, By Wattage Type, 2020 & 2030F

10 Singapore Outdoor LED Lighting Market - Competitive Landscape

10.1 Singapore Outdoor LED Lighting Market Revenue Share, By Companies, 2023

10.2 Singapore Outdoor LED Lighting Market Competitive Benchmarking, By Operating and Technical Parameters

11 Company Profiles

12 Recommendations

13 Disclaimer

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