Vietnam LED Lighting Market (2025-2031) | Companies, Outlook, Analysis, Share, Industry, Value, Trends, Revenue, Forecast, Growth & Size

Vietnam LED Lighting Market Highlights

Topics Covered in the Vietnam LED Lighting Market Report

The Vietnam LED Lighting Market report offers a comprehensive analysis segmented by Product Type, Installation Type, Application, and Sales Channel. This detailed study highlights current market trends, high-growth areas, and key drivers, assisting stakeholders in formulating strategies aligned with present and future market dynamics.

Vietnam LED Lighting Market Synopsis

The Vietnam LED Lighting Market is experiencing significant growth, driven by increasing awareness of energy efficiency, government initiatives promoting sustainable technologies, and rapid urbanization. The shift from traditional lighting to LED solutions is evident across residential, commercial, and industrial sectors.

According to 6Wresearch, the market is projected to grow at a CAGR of approximately 6.8% during the forecast period 2025–2031, reaching a value of USD 1,225.04 million by 2031. The LED lighting market in Vietnam has witnessed significant growth driven by various factors. One primary driver is the government's push for energy efficiency and sustainability, encouraging the adoption of eco-friendly technologies such as LED lighting. Additionally, the rising awareness among consumers about the long-term cost savings and durability of LED lights has further spurred demand.

However, the market faces certain challenges. A key obstacle is the competition from low-quality and inexpensive LED products, which impacts the overall market credibility and creates trust issues among consumers. High initial costs of LED lighting compared to traditional lighting solutions remain a concern, especially in price-sensitive segments of the market.

Vietnam LED Lighting Market Trends

Several key trends are shaping the Vietnam LED Lighting Market. There's a notable shift towards smart and color-tunable lighting solutions, enhancing user experience and energy savings. The residential sector is witnessing increased adoption of LED panel lights due to their aesthetic appeal and efficiency. Additionally, the integration of LED lighting in industrial applications is on the rise, driven by the need for durable and cost-effective solutions. Government support for energy-efficient technologies further accelerates market growth.

Investment Opportunities in the Vietnam LED Lighting Market

Vietnam presents substantial investment opportunities in the LED lighting sector, particularly in new installations across urban infrastructure and smart city projects. The demand for specialized LED solutions in healthcare, agriculture, and automotive sectors offers promising growth avenues. Moreover, the rising consumer preference for eco-friendly and energy-efficient lighting sources opens doors for innovative product development and market expansion.

Leading Players in the Vietnam LED Lighting Market

The Vietnam LED Lighting Market is competitive, featuring both domestic and international players. Key companies include Philips Lighting Vietnam, Osram Vietnam, Panasonic Vietnam, Samsung Electronics Vietnam, GE Lighting Vietnam, Dien Quang, Rang Dong, and Paragon . These companies focus on expanding their product portfolios and leveraging technological advancements to strengthen their market presence.

Government Regulations

The Vietnamese government supports the LED lighting market through policies promoting energy efficiency and sustainability. Initiatives encouraging the adoption of eco-friendly technologies have been implemented, fostering a favorable environment for LED market growth. However, the market faces challenges such as the need for standardization and addressing higher upfront costs associated with LED products.

Future Insights of the Vietnam LED Lighting Market

The Vietnam LED Lighting Market is poised for continued growth, driven by technological innovations, increasing urbanization, and supportive government policies. The integration of smart lighting solutions and the expansion of LED applications across various sectors indicate a dynamic future. Moreover, the emphasis on energy conservation and environmental sustainability will likely propel further adoption of LED lighting solutions.

Market Segmentation Analysis

The report offers a comprehensive study of the following market segments and their leading categories:​

Lamps to Dominate the Market – By Product Type

According to Nitesh, Research Manager at 6Wresearch, LED panel lights account for the majority of the market share. Their sleek design, energy efficiency, and uniform illumination make them a preferred choice in both residential and commercial settings. The demand for aesthetically pleasing and functional lighting solutions drives this segment's growth.

Retrofit Installations to Dominate the Market – By Installation Type

Retrofit installations exhibit clear dominance in the market. The replacement of traditional lighting systems with LED alternatives is driven by the desire for energy savings and improved lighting quality. This trend is prevalent across various sectors, including residential, commercial, and industrial applications.

Indoor to Dominate the Market – By Applications

The residential sector holds the largest market share, driven by increasing consumer awareness of energy-efficient lighting and government initiatives promoting sustainable technologies . The adoption of LED lighting in homes is propelled by factors such as cost savings, environmental concerns, and the availability of diverse product options.

Retail/Wholesale Channels to Dominate the Market – By Sales Channel

Retail and wholesale channels are the primary distribution avenues for LED lighting products in Vietnam. Consumers prefer purchasing lighting solutions from physical stores where they can assess product quality and receive immediate assistance. However, the rise of e-commerce platforms is gradually influencing purchasing behaviors, offering convenience and competitive pricing.

Key Attractiveness of the Report

• 10 Years of Market Numbers​
• Historical Data Starting from 2021 to 2024​
• Base Year: 2024​
• Forecast Data until 2031​
• Key Performance Indicators Impacting the Market​
• Major Upcoming Developments and Projects​

Key Highlights of the Report:

• Vietnam LED Lighting Market Outlook
• Market Size of Vietnam LED Lighting Market, 2024
• Forecast of Vietnam LED Lighting Market, 2031
• Historical Data and Forecast of Vietnam LED Lighting Revenues & Volume for the Period 2021 - 2031
• Vietnam LED Lighting Market Trend Evolution
• Vietnam LED Lighting Market Drivers and Challenges
• Vietnam LED Lighting Price Trends
• Vietnam LED Lighting Porter's Five Forces
• Vietnam LED Lighting Industry Life Cycle
• Historical Data and Forecast of Vietnam LED Lighting Market Revenues & Volume By Installation for the Period 2021 - 2031
• Historical Data and Forecast of Vietnam LED Lighting Market Revenues & Volume By New for the Period 2021 - 2031
• Historical Data and Forecast of Vietnam LED Lighting Market Revenues & Volume By Retrofit for the Period 2021 - 2031
• Historical Data and Forecast of Vietnam LED Lighting Market Revenues & Volume By Product Type for the Period 2021 - 2031
• Historical Data and Forecast of Vietnam LED Lighting Market Revenues & Volume By Lamps for the Period 2021 - 2031
• Historical Data and Forecast of Vietnam LED Lighting Market Revenues & Volume By Luminaires for the Period 2021 - 2031
• Historical Data and Forecast of Vietnam LED Lighting Market Revenues & Volume By Sales Channel for the Period 2021 - 2031
• Historical Data and Forecast of Vietnam LED Lighting Market Revenues & Volume By Retail/Wholesale for the Period 2021 - 2031
• Historical Data and Forecast of Vietnam LED Lighting Market Revenues & Volume By Direct Sales for the Period 2021 - 2031
• Historical Data and Forecast of Vietnam LED Lighting Market Revenues & Volume By E-Commerce for the Period 2021 - 2031
• Historical Data and Forecast of Vietnam LED Lighting Market Revenues & Volume By Application for the Period 2021 - 2031
• Historical Data and Forecast of Vietnam LED Lighting Market Revenues & Volume By Indoor for the Period 2021 - 2031
• Historical Data and Forecast of Vietnam LED Lighting Market Revenues & Volume By Outdoor for the Period 2021 - 2031
• Vietnam LED Lighting Import Export Trade Statistics
• Market Opportunity Assessment By Installation
• Market Opportunity Assessment By Product Type
• Market Opportunity Assessment By Sales Channel
• Market Opportunity Assessment By Application
• Vietnam LED Lighting Top Companies Market Share
• Vietnam LED Lighting Competitive Benchmarking By Technical and Operational Parameters
• Vietnam LED Lighting Company Profiles
• Vietnam LED Lighting Key Strategic Recommendations

Market Covered

The report offers a comprehensive study of the subsequent market segments:

By Installation

• New
• Retrofit

By Product Type

• Lamps
• Luminaires

By Sales Channel

• Retail/Wholesale
• Direct Sales
• E-Commerce

By Application

• Indoor
• Outdoor