The CAGR for the Indonesian LED light market over the review period showed a significant increase. Even though the sector is still in its infancy in the nation, it has already drawn considerable attention from both residential and non-residential client segments. It is backed up by the growing knowledge and concern among the people and the government about the need for sustainable development and the application of energy-efficient technologies throughout the nation.
There isn't a single industry that hasn't been impacted by the coronavirus outbreak in some way. Significant disruptions have rippled through the whole global economy since the outbreak started late last year in China. A major slowdown in the growth of the LED business in Indonesia is anticipated to last, according to Electrical Lighting Industry Association (Aperlindo), as a result of the COVID-19 Pandemic. This report summarizes the conclusions drawn from an examination of the post-COVID-19 situation of the LED market in Indonesia, taking into account all the risk factors, opportunities, drivers, restraints, and challenges brought on by the abrupt global spread of the COVID-19 pandemic.
The Indonesia LED LightingMarket study provides market data by competitive landscape, revenue analysis, market segments and detailed analysis of key market players such as; Holz International Technology, Honoris Industry, Jaya Eco Energi, Panasonic Eco Solution, Philips Indonesia, Sinar Angkasa Rungkut, Solarens Ledindo.
SPER Market Research study aims to provide market dynamics, demand and supply with yearly forecast to 2032. This report provides data for growth estimates and forecasts for product type segment –By Type (Lamps, Luminaires), By Usage (Indoor, Outdoor).
This report also provides the data for key regional segments of Bandung, Jakarta, Java, Kalimantan, Sulawesi, Sumatra, Surabaya, Others.
This study also encompasses various drivers and restraining factors of this market for the forecast period. Various growth opportunities are also discussed in the report.