Brazil LED (Light Emitting Diode) Lighting Market by Application, Product Type, and Distribution Channel - Forecast and Analysis 2023-2027

Published: Feb 2023

Pages: 152

SKU: IRTNTR44512

Snapshot

The Brazil LED (light emitting diode) lighting market is estimated to grow at a CAGR of 11.64% between 2022 and 2027. The size of the market is forecasted to increase by USD 1,651.14 million. The growth of the market depends on several factors, including the declining manufacturing cost of LEDs, the increasing demand for energy-efficient and sustainable lighting, and supportive government legislation.

This Brazil LED (light emitting diode) lighting market report extensively covers market segmentation by application (general LED lighting, automotive LED lighting, and LED backlighting), product type (new and retrofit), and distribution channel (offline and online). It also includes an in-depth analysis of drivers, trends, and challenges. Furthermore, the report includes historic market data from 2017 to 2021.

What will be the Size of the LED Lighting Market in Brazil During the Forecast Period?

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LED Lighting Market in Brazil: Key Drivers, Trends, Challenges, and Customer Landscape

The declining manufacturing cost of LEDs is notably driving the market growth, although factors such as high import duties may impede the market growth. Our researchers analyzed the data with 2022 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.

Key Brazil LED Lighting Market Driver

The declining manufacturing cost of LEDs is notably driving the Brazil light emitting diode lighting market growth. The cost of manufacturing LED lights has declined since 2012, and it is expected to continue declining during the forecast period. The decreasing ASP of the chips and components used for manufacturing LEDs has lowered the ASP of LED lights. Moreover, many vendors are focusing on LEDs instead of traditional lighting sources. For instance, in February 2016, GE Lighting announced that it would cease the production of CFLs to focus on LED bulbs.

Government subsidies on the purchase of semiconductor equipment used for manufacturing LEDs are also leading to a decline in the manufacturing cost of LEDs. Hence, LED manufacturers have increased their production capacity. The shift toward bigger-diameter sapphire substrates used to produce LED chips is another major factor that has resulted in a decline in the manufacturing cost of LEDs. The price wars in the LED market are expected to intensify, as manufacturers will focus on cutting costs and transitioning to large-diameter sapphire wafers for LED production. Thus, the declining manufacturing cost of LEDs will decline the ASP of LED light. This, in turn, is expected to increase the adoption of LED lighting in residential and commercial buildings in Brazil.

Significant Brazil LED Lighting Market Trend

The emergence of smart lighting is a key trend influencing the Brazil light emitting diode lighting market growth. Smart lighting helps in saving electricity by controlling the cooling, heating, and lighting operations remotely. Some of the popular features of smart lights include switching on when someone enters a room. Smart lights use sensors to identify objects and people and provide light as required.

Vendors are using a wide range of smart technologies in LED lighting. They are also analyzing system upgrades on lower time frames. This can provide opportunities to adopt the latest IoT and smart innovations. In addition, the increasing focus on smart lighting in Brazil has encouraged vendors to establish strategic partnerships and develop a smart lighting ecosystem in Brazil. The advent of efficient LED lighting and the need for connected lighting in businesses and cities are expected to complement the growth of the LED lighting market in Brazil during the forecast period.

Major Brazil LED Lighting Market Challenge

The high import duties may impede the Brazil LED (light emitting diode) lighting market. In Brazil, imports are subjected to different fees and taxes that are generally paid during the customs clearance process. The import duty, the Merchandise and Service Circulation tax, and the industrialized product tax account for a majority of import costs. In addition, there are numerous smaller taxes and fees that apply to imports.

The high taxes and import duties on lighting fixtures are hindering the growth of Brazil LED (light emitting diode) lighting market. The import duty on importing lighting fixtures to Brazil is 18%, along with handling fees, storage fees, airport fees, and declaration fees. The import duty in Brazil is higher when compared to other BRIC nations. These duties and taxes affect the final price of the products. Therefore, high import duties are expected to hinder the growth of the LED lighting market in Brazil during the forecast period.

Key Brazil LED Lighting Market Customer Landscape

The Brazil LED (light emitting diode) lighting market research report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.

Global LED Lighting Market in Brazil Customer Landscape

Who are the Major LED Lighting Market in Brazil Vendors?

Vendors are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.

Acuity Brands Inc. - The company offers Lithonia lighting TWR LED light, which is ideally used for outdoor applications such as carports, loading areas, driveways, and parking areas.

The report also includes detailed analyses of the competitive landscape of the market and information about 15 market vendors, including:

Qualitative and quantitative analysis of vendors has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize vendors as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize vendors as dominant, leading, strong, tentative, and weak.

What are the Fastest-Growing Segments in the LED Lighting Market in Brazil?

The market share growth by the general LED lighting segment will be significant during the forecast period. General LED lighting is popular because it is widely used in homes, offices, stadiums, factories, streets, and theaters. This segment includes applications across architectural, residential, outdoor, industrial, hospitality, retail, and office segments. Customers prefer LED lights as they last longer than traditional incandescent bulbs. In addition, they are environment-friendly and consume less electricity. The decrease in prices has further increased the demand for LEDs in Brazil.

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The general LED lighting segment showed a gradual increase in the market share of USD 1,271.45 million in 2017 and continued to grow by 2021. The increasing number of initiatives by governments to improve energy efficiency in the power sector is expected to fuel the growth of the market during the forecast period. Brazil has committed to increase energy efficiency in the power sector by 10% by 2030. Organizations such as The World Bank Group are helping the country achieve its target. For instance, in 2018, The World Bank Group announced its plan to partner with Caixa Economica Federal to establish the Financial Instruments for Brazil Energy Efficient Cities (FinBRAZEEC) Project. This project will focus on efficient street lighting and industrial energy efficiency. Such initiatives will increase the demand for general LED lighting in the country, which is expected to boost the growth of Brazil LED (light emitting diode) lighting market during the forecast period.

Segment Overview

The report forecasts market growth by revenue at global, regional, and country levels and provides an analysis of the latest trends and growth opportunities from 2017 to 2027.

Application Outlook (USD Million, 2017 - 2027)
- General LED lighting
- Automotive LED lighting
- LED backlighting

Product Type Outlook (USD Million, 2017 - 2027)
- New
- Retrofit

Parent Market Analysis

The reports categorize the LED lighting market in Brazil as a part of the Electrical Components and Equipment market, which covers companies engaged in the manufacturing of electric cables and wires, electrical components, and electrical equipment. Technavio calculates the global electrical components and equipment market size based on the combined revenue generated by manufacturers of water heaters and accessories, motors, motor control, encoder and amplifier, automation solutions, electrical distribution and protection equipment, small generators, wire and cable accessories, power supplies and conditioners, sensors, meters and indicators, recorders and loggers, process safety systems, instrumentation, test and measurement equipment, switches, transmitters and receivers, heating, ventilation, and air conditioning (HVAC), and safety components. Our research report has extensively covered external factors influencing the parent market growth during the forecast period.

LED Lighting Market in Brazil Scope
Report Coverage	Details
Page number	152
Base year	2022
Historic period	2017-2021
Forecast period	2023-2027
Growth momentum & CAGR	Accelerate at a CAGR of 11.64%
Market growth 2023-2027	USD 1,651.14 million
Market structure	Fragmented
YoY growth 2022-2023(%)	11.04
Competitive landscape	Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks
Key companies profiled	ABB Ltd., Acuity Brands Inc., Dialight Plc, Eaton Corp. Plc, Gardasoft Vision Ltd., Havells India Ltd., HELLA GmbH and Co. KGaA, Kian Lighting, Lutron Electronics Co. Inc., O2 Led Illumination, OSRAM GmbH, Panasonic Holdings Corp., Seoul Semiconductor Co. Ltd., The Feilo Sylvania Group, Toshiba Corp., Consumers Lighting and Lamps, Koninklijke Philips NV, Weidmuller Inc., Wolfspeed Inc., and Nichia Corp.
Market dynamics	Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period
Customization purview	If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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What are the Key Data Covered in this Brazil LED Lighting Market Report?

CAGR of the market during the forecast period
Detailed information on factors that will drive the growth of the LED lighting market in Brazil between 2023 and 2027
Precise estimation of the size of the Brazil LED (light emitting diode) lighting market and its contribution to the parent market
Accurate predictions about upcoming trends and changes in consumer behavior
Thorough analysis of the market’s competitive landscape and detailed information about vendors
Comprehensive analysis of factors that will challenge the growth of Brazil LED led lighting market vendors

We can help! Our analysts can customize this report to meet your requirements. Get in touch

Table of Contents

1 Executive Summary

1.1 Market overview
- Exhibit 01: Executive Summary – Chart on Market Overview
- Exhibit 02: Executive Summary – Data Table on Market Overview
- Exhibit 03: Executive Summary – Chart on Country Market Characteristics
- Exhibit 04: Executive Summary – Chart on Market Segmentation by Application
- Exhibit 05: Executive Summary – Chart on Market Segmentation by Product Type
- Exhibit 06: Executive Summary – Chart on Market Segmentation by Distribution Channel
- Exhibit 07: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

2.1 Market ecosystem
- Exhibit 08: Parent market
- Exhibit 09: Market Characteristics

3 Market Sizing

3.1 Market definition
- Exhibit 10: Offerings of vendors included in the market definition

3.2 Market segment analysis
- Exhibit 11: Market segments

3.3 Market size 2022

3.4 Market outlook: Forecast for 2022-2027
- Exhibit 12: Chart on Brazil - Market size and forecast 2022-2027 ($ million)
- Exhibit 13: Data Table on Brazil - Market size and forecast 2022-2027 ($ million)
- Exhibit 14: Chart on Brazil: Year-over-year growth 2022-2027 (%)
- Exhibit 15: Data Table on Brazil: Year-over-year growth 2022-2027 (%)

4 Historic Market Size

4.1 LED lighting market in Brazil 2017 - 2021
- Exhibit 16: Historic Market Size – Data Table on LED lighting market in Brazil 2017 - 2021 ($ million)

4.2 Application Segment Analysis 2017 - 2021
- Exhibit 17: Historic Market Size – Application Segment 2017 - 2021 ($ million)

4.3 Product type Segment Analysis 2017 - 2021
- Exhibit 18: Historic Market Size – Product type Segment 2017 - 2021 ($ million)

4.4 Distribution channel Segment Analysis 2017 - 2021
- Exhibit 19: Historic Market Size – Distribution channel Segment 2017 - 2021 ($ million)

5 Five Forces Analysis

5.1 Five forces summary
- Exhibit 20: Five forces analysis - Comparison between 2022 and 2027

5.2 Bargaining power of buyers
- Exhibit 21: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027

5.3 Bargaining power of suppliers
- Exhibit 22: Bargaining power of suppliers – Impact of key factors in 2022 and 2027

5.4 Threat of new entrants
- Exhibit 23: Threat of new entrants – Impact of key factors in 2022 and 2027

5.5 Threat of substitutes
- Exhibit 24: Threat of substitutes – Impact of key factors in 2022 and 2027

5.6 Threat of rivalry
- Exhibit 25: Threat of rivalry – Impact of key factors in 2022 and 2027

5.7 Market condition
- Exhibit 26: Chart on Market condition - Five forces 2022 and 2027

6 Market Segmentation by Application

6.1 Market segments
- Exhibit 27: Chart on Application - Market share 2022-2027 (%)
- Exhibit 28: Data Table on Application - Market share 2022-2027 (%)

6.2 Comparison by Application
- Exhibit 29: Chart on Comparison by Application
- Exhibit 30: Data Table on Comparison by Application

6.3 General LED lighting - Market size and forecast 2022-2027
- Exhibit 31: Chart on General LED lighting - Market size and forecast 2022-2027 ($ million)
- Exhibit 32: Data Table on General LED lighting - Market size and forecast 2022-2027 ($ million)
- Exhibit 33: Chart on General LED lighting - Year-over-year growth 2022-2027 (%)
- Exhibit 34: Data Table on General LED lighting - Year-over-year growth 2022-2027 (%)

6.4 Automotive LED lighting - Market size and forecast 2022-2027
- Exhibit 35: Chart on Automotive LED lighting - Market size and forecast 2022-2027 ($ million)
- Exhibit 36: Data Table on Automotive LED lighting - Market size and forecast 2022-2027 ($ million)
- Exhibit 37: Chart on Automotive LED lighting - Year-over-year growth 2022-2027 (%)
- Exhibit 38: Data Table on Automotive LED lighting - Year-over-year growth 2022-2027 (%)

6.5 LED backlighting - Market size and forecast 2022-2027
- Exhibit 39: Chart on LED backlighting - Market size and forecast 2022-2027 ($ million)
- Exhibit 40: Data Table on LED backlighting - Market size and forecast 2022-2027 ($ million)
- Exhibit 41: Chart on LED backlighting - Year-over-year growth 2022-2027 (%)
- Exhibit 42: Data Table on LED backlighting - Year-over-year growth 2022-2027 (%)

6.6 Market opportunity by Application
- Exhibit 43: Market opportunity by Application ($ million)
- Exhibit 44: Data Table on Market opportunity by Application ($ million)

7 Market Segmentation by Product Type

7.1 Market segments
- Exhibit 45: Chart on Product Type - Market share 2022-2027 (%)
- Exhibit 46: Data Table on Product Type - Market share 2022-2027 (%)

7.2 Comparison by Product Type
- Exhibit 47: Chart on Comparison by Product Type
- Exhibit 48: Data Table on Comparison by Product Type

7.3 New - Market size and forecast 2022-2027
- Exhibit 49: Chart on New - Market size and forecast 2022-2027 ($ million)
- Exhibit 50: Data Table on New - Market size and forecast 2022-2027 ($ million)
- Exhibit 51: Chart on New - Year-over-year growth 2022-2027 (%)
- Exhibit 52: Data Table on New - Year-over-year growth 2022-2027 (%)

7.4 Retrofit - Market size and forecast 2022-2027
- Exhibit 53: Chart on Retrofit - Market size and forecast 2022-2027 ($ million)
- Exhibit 54: Data Table on Retrofit - Market size and forecast 2022-2027 ($ million)
- Exhibit 55: Chart on Retrofit - Year-over-year growth 2022-2027 (%)
- Exhibit 56: Data Table on Retrofit - Year-over-year growth 2022-2027 (%)

7.5 Market opportunity by Product Type
- Exhibit 57: Market opportunity by Product Type ($ million)
- Exhibit 58: Data Table on Market opportunity by Product Type ($ million)

8 Market Segmentation by Distribution Channel

8.1 Market segments
- Exhibit 59: Chart on Distribution Channel - Market share 2022-2027 (%)
- Exhibit 60: Data Table on Distribution Channel - Market share 2022-2027 (%)

8.2 Comparison by Distribution Channel
- Exhibit 61: Chart on Comparison by Distribution Channel
- Exhibit 62: Data Table on Comparison by Distribution Channel

8.3 Offline - Market size and forecast 2022-2027
- Exhibit 63: Chart on Offline - Market size and forecast 2022-2027 ($ million)
- Exhibit 64: Data Table on Offline - Market size and forecast 2022-2027 ($ million)
- Exhibit 65: Chart on Offline - Year-over-year growth 2022-2027 (%)
- Exhibit 66: Data Table on Offline - Year-over-year growth 2022-2027 (%)

8.4 Online - Market size and forecast 2022-2027
- Exhibit 67: Chart on Online - Market size and forecast 2022-2027 ($ million)
- Exhibit 68: Data Table on Online - Market size and forecast 2022-2027 ($ million)
- Exhibit 69: Chart on Online - Year-over-year growth 2022-2027 (%)
- Exhibit 70: Data Table on Online - Year-over-year growth 2022-2027 (%)

8.5 Market opportunity by Distribution Channel
- Exhibit 71: Market opportunity by Distribution Channel ($ million)
- Exhibit 72: Data Table on Market opportunity by Distribution Channel ($ million)

9 Customer Landscape

9.1 Customer landscape overview
- Exhibit 73: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

10 Drivers, Challenges, and Trends

10.1 Market drivers

10.2 Market challenges

10.3 Impact of drivers and challenges
- Exhibit 74: Impact of drivers and challenges in 2022 and 2027

10.4 Market trends

11 Vendor Landscape

11.1 Overview

11.2 Vendor landscape
- Exhibit 75: Overview on Criticality of inputs and Factors of differentiation

11.3 Landscape disruption
- Exhibit 76: Overview on factors of disruption

11.4 Industry risks
- Exhibit 77: Impact of key risks on business

12 Vendor Analysis

12.1 Vendors covered
- Exhibit 78: Vendors covered

12.2 Market positioning of vendors
- Exhibit 79: Matrix on vendor position and classification

12.3 ABB Ltd.
- Exhibit 80: ABB Ltd. - Overview
- Exhibit 81: ABB Ltd. - Business segments
- Exhibit 82: ABB Ltd. - Key offerings
- Exhibit 83: ABB Ltd. - Segment focus

12.4 Acuity Brands Inc.
- Exhibit 84: Acuity Brands Inc. - Overview
- Exhibit 85: Acuity Brands Inc. - Business segments
- Exhibit 86: Acuity Brands Inc. - Key news
- Exhibit 87: Acuity Brands Inc. - Key offerings
- Exhibit 88: Acuity Brands Inc. - Segment focus

12.5 Consumers Lighting and Lamps
- Exhibit 89: Consumers Lighting and Lamps - Overview
- Exhibit 90: Consumers Lighting and Lamps - Product / Service
- Exhibit 91: Consumers Lighting and Lamps - Key offerings

12.6 Dialight Plc
- Exhibit 92: Dialight Plc - Overview
- Exhibit 93: Dialight Plc - Business segments
- Exhibit 94: Dialight Plc - Key offerings
- Exhibit 95: Dialight Plc - Segment focus

12.7 Eaton Corp. Plc
- Exhibit 96: Eaton Corp. Plc - Overview
- Exhibit 97: Eaton Corp. Plc - Business segments
- Exhibit 98: Eaton Corp. Plc - Key news
- Exhibit 99: Eaton Corp. Plc - Key offerings
- Exhibit 100: Eaton Corp. Plc - Segment focus

12.8 Havells India Ltd.
- Exhibit 101: Havells India Ltd. - Overview
- Exhibit 102: Havells India Ltd. - Business segments
- Exhibit 103: Havells India Ltd. - Key news
- Exhibit 104: Havells India Ltd. - Key offerings
- Exhibit 105: Havells India Ltd. - Segment focus

12.9 HELLA GmbH and Co. KGaA
- Exhibit 106: HELLA GmbH and Co. KGaA - Overview
- Exhibit 107: HELLA GmbH and Co. KGaA - Business segments
- Exhibit 108: HELLA GmbH and Co. KGaA - Key news
- Exhibit 109: HELLA GmbH and Co. KGaA - Key offerings
- Exhibit 110: HELLA GmbH and Co. KGaA - Segment focus

12.10 Kian Lighting
- Exhibit 111: Kian Lighting - Overview
- Exhibit 112: Kian Lighting - Product / Service
- Exhibit 113: Kian Lighting - Key offerings

12.11 Koninklijke Philips NV
- Exhibit 114: Koninklijke Philips NV - Overview
- Exhibit 115: Koninklijke Philips NV - Business segments
- Exhibit 116: Koninklijke Philips NV - Key news
- Exhibit 117: Koninklijke Philips NV - Key offerings
- Exhibit 118: Koninklijke Philips NV - Segment focus

12.12 Lutron Electronics Co. Inc.
- Exhibit 119: Lutron Electronics Co. Inc. - Overview
- Exhibit 120: Lutron Electronics Co. Inc. - Product / Service
- Exhibit 121: Lutron Electronics Co. Inc. - Key offerings

12.13 Nichia Corp.
- Exhibit 122: Nichia Corp. - Overview
- Exhibit 123: Nichia Corp. - Product / Service
- Exhibit 124: Nichia Corp. - Key offerings

12.14 OSRAM GmbH
- Exhibit 125: OSRAM GmbH - Overview
- Exhibit 126: OSRAM GmbH - Business segments
- Exhibit 127: OSRAM GmbH - Key offerings
- Exhibit 128: OSRAM GmbH - Segment focus

12.15 Panasonic Holdings Corp.
- Exhibit 129: Panasonic Holdings Corp. - Overview
- Exhibit 130: Panasonic Holdings Corp. - Business segments
- Exhibit 131: Panasonic Holdings Corp. - Key news
- Exhibit 132: Panasonic Holdings Corp. - Key offerings
- Exhibit 133: Panasonic Holdings Corp. - Segment focus

12.16 Toshiba Corp.
- Exhibit 134: Toshiba Corp. - Overview
- Exhibit 135: Toshiba Corp. - Business segments
- Exhibit 136: Toshiba Corp. - Key offerings
- Exhibit 137: Toshiba Corp. - Segment focus

12.17 Wolfspeed Inc.
- Exhibit 138: Wolfspeed Inc. - Overview
- Exhibit 139: Wolfspeed Inc. - Business segments
- Exhibit 140: Wolfspeed Inc. - Key offerings
- Exhibit 141: Wolfspeed Inc. - Segment focus

13 Appendix

13.1 Scope of the report

13.2 Inclusions and exclusions checklist
- Exhibit 142: Inclusions checklist
- Exhibit 143: Exclusions checklist

13.3 Currency conversion rates for US$
- Exhibit 144: Currency conversion rates for US$

13.4 Research methodology
- Exhibit 145: Research methodology
- Exhibit 146: Validation techniques employed for market sizing
- Exhibit 147: Information sources

13.5 List of abbreviations
- Exhibit 148: List of abbreviations

Methodology

Research Framework

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

INFORMATION SOURCES

Primary sources

Manufacturers and suppliers
Channel partners
Industry experts
Strategic decision makers

Secondary sources

Industry journals and periodicals
Government data
Financial reports of key industry players
Historical data
Press releases

DATA ANALYSIS

Data Synthesis

Collation of data
Estimation of key figures
Analysis of derived insights

Data Validation

Triangulation with data models
Reference against proprietary databases
Corroboration with industry experts

REPORT WRITING

Qualitative

Market drivers
Market challenges
Market trends
Five forces analysis

Quantitative

Market size and forecast
Market segmentation
Geographical insights
Competitive landscape

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Key Questions Answered

What are the key global market and the regional market share?
What are the revenue-generating key market segments?
What are the key factors driving and challenging this market’s growth?
Who are the key market vendors and their growth strategies?
What are the latest trends influencing the growth of this market?
What are the variables influencing the market growth in the primary regions?
What are the factors influencing the growth of the parent market?

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