Big Data as a Service Market Report 2022-2027, Industry Share, Size, Growth, Trends and Opportunities
Big Data as a Service Market Report 2022-2027, Industry Share, Size, Growth, Trends and Opportunities
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According to the latest report by
IMARC Group, titled “Vietnam LED Lighting Market: Industry Trends, Share, Size,
Growth, Opportunity and Forecast 2021-2026”, the vietnam LED lighting
market exhibited strong growth during 2015-2020. Looking forward, IMARC Group
expects the market to reach a value of US$ 1,056 Million by 2026, exhibiting
strong growth during the forecast period (2021-2026).
We are regularly tracking the direct
effect of COVID-19 on the market, along with the indirect influence of
associated industries. These observations will be integrated into the report.
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https://www.imarcgroup.com/vietnam-led-market/requestsample
Light-emitting diodes (LEDs) stand
for semiconductor light sources that generate non-coherent, narrow-spectrum
light when electric current passes through them. As compared to conventional
lighting systems using incandescent or fluorescent technologies, LED lighting
provides better energy efficiency, enhanced versatility, improved durability,
longer lifespan, etc. Besides this, LEDs are also environment-friendly,
cost-effective, and available in various colors. As a result, they are installed
into bulbs and fixtures for general lighting applications and used for
backlighting in various electronic devices, automobiles, display boards, etc.
The growing utilization of LED
technology in traffic lights is primarily driving the market in Vietnam.
Additionally, the conventional incandescent bulbs, particularly used in street
lighting, are increasingly being replaced with LED lights, thereby propelling
the product demand. Moreover, the growing adoption of LED lighting by the
Vietnamese government through major projects, such as the Vietnam Energy
Efficient Public Lighting Project (VEEPL) and the Vietnam National Energy
Efficiency Plan (VNEEP), is further strengthening the market growth. These
projects aim to minimize energy consumption and reduce carbon footprints. Besides
this, the rising installation of LED lights in mobile devices, signal and
signage, automobiles, etc., is projected to further catalyze the market growth
in Vietnam over the forecast period.
Vietnam LED
lighting Market 2021-2026 Competitive Analysis and
Segmentation:
Competitive
Landscape with Key Players:
The competitive landscape of the vietnam
LED lighting market has been studied in the report with the detailed profiles
of the key players operating in the market.
Key Market Segmentation:
The report has segmented the vietnam
LED lighting market on the basis of product type, application and installation
type.
Breakup by Product Type:
·
Bulb and Tube
Light
·
Panel Light
·
Street Light
·
Down Light
·
Flood Light
·
Others
Breakup by Application:
·
Commercial
Application
·
Residential
Application
·
Institutional
Application
·
Industrial
Application
Breakup by Installation
Type:
·
New
Installation
·
Retrofit
Installation
Explore Full Report with TOC & List of Figure: https://www.imarcgroup.com/vietnam-led-market
Key highlights of the report:
If you need specific information that is
not currently within the scope of the report, we will provide it to you as a
part of the customization.
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opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market,
scientific, economic and technological developments for business leaders in
pharmaceutical, industrial, and high technology organizations. Market forecasts
and industry analysis for biotechnology, advanced materials, pharmaceuticals,
food and beverage, travel and tourism, nanotechnology and novel processing
methods are at the top of the company’s expertise.
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