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LED Lighting Market in Brazil by Application - Forecast and Analysis 2020-2024

  • Published: Jul 2020
  • Pages: 120
  • SKU: IRTNTR44512
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The LED lighting market size in Brazil has the potential to grow by USD 3.16 billion during 2020-2024, and the market's growth momentum will decelerate during the forecast period.

This report provides a detailed analysis of the market by application (general LED lighting, automotive LED lighting, and LED backlighting). Also, the report analyzes the market's competitive landscape and offers information on several market vendors, including ABB Ltd., Cree Inc., Dialight Plc, Eaton Corp. Plc, Havells India Ltd., Hella GmbH & Co. KGaA, OSRAM Licht AG, Panasonic Corp., Signify NV, and Toshiba International Corp.

What will the LED Lighting Market Size in Brazil be in 2020?

LED Lighting Market Size

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Who are the Major LED Lighting Market Vendors in Brazil?

The LED lighting market in Brazil is fragmented with several established vendors with high economies of scale. These vendors offer different types of LED lighting products based on the application of end-users. In addition, major market vendors are expanding their production capacities and product offerings in Brazil to leverage the burgeoning demand for LED lightings. ABB Ltd., Cree Inc., and Dialight Plc are some of the major market participants. Although the growing demand for energy-efficient and sustainable lighting will offer immense growth opportunities, the limited thermal tolerance of LEDs will challenge the growth of the market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

To help clients improve their market position, this LED lighting market forecast report of Brazil provides a detailed analysis of the market leaders and offers information on the competencies and capacities of these companies. The report also covers details on the market's competitive landscape and offers information on the products offered by various companies. Moreover, this LED lighting market analysis report of Brazil also provides information on the upcoming trends and challenges that will influence market growth. This will help companies create strategies to make the most of future growth opportunities.

This report provides information on the production, sustainability, and prospects of several leading companies, including:

  • ABB Ltd.
  • Cree Inc.
  • Dialight Plc
  • Eaton Corp. Plc
  • Havells India Ltd.
  • Hella GmbH & Co. KGaA
  • OSRAM Licht AG
  • Panasonic Corp.
  • Signify NV
  • Toshiba International Corp.

What are the Major Application Segments in the LED Lighting Market in Brazil?

LED Lighting Market Market segmentation by region

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The general LED lighting segment is the most popular segment as it is most widely used in homes, offices, stadiums, factories, streets, and theaters. The general LED lighting market includes applications across architectural, residential, outdoor, industrial, hospitality, retail, and office segments. The increasing number of initiatives by Brazil to improve energy efficiency in the power sector is expected to propel the growth of the market during the forecast period. 

However, market growth in this segment will be slower than the growth of the market in the LED backlighting segment. This report provides an accurate prediction of the contribution of all the segments to the growth of the LED lighting market size in Brazil.

How will Energy-efficient and Sustainable Lighting Influence LED Lighting Market Growth in Brazil?

The LED lighting market in Brazil will register a CAGR of over 11% during the forecast period. The growing demand for energy-efficient and sustainable lighting will drive the growth of the light-emitting diode (LED) lighting market in Brazil. LED is considered as an energy-efficient lighting solution because it utilizes 75% less energy and lasts 25 times longer than incandescent bulbs. The increasing awareness of green technology will drive the popularity of energy-efficient and environment-friendly lighting solutions. The direct cost of installing new LED streetlights is reduced by implementing large-scale street-lighting projects across Brazil. These projects are introduced by the Lighting Science Group and other local partners to save energy expenditure by more than 50%.

One of the key trends that will stimulate the growth of the LED lighting market in Brazil is the emergence of smart cities. The preference toward smart cities is encouraging the Brazilian government to increase their investments in various technologies such as water management, smart grids, smart street lighting, climate action plans, urban mobility, and smart parking. This will consequently increase the installation of LED lighting, in turn, fueling market growth.

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

  • CAGR of the market during the forecast period 2020-2024
  • Detailed information on factors that will drive LED lighting market growth in Brazil during the next five years
  • Precise estimation of the LED lighting market size in Brazil and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • A thorough analysis of the market's competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of LED lighting market vendors in Brazil

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Executive Summary

Market Landscape

  • Market ecosystem
  • Market characteristics
  • Value chain analysis

Market Sizing

  • Market definition
  • Market segment analysis
  • Market size 2019
  • Market outlook: Forecast for 2019 - 2024

Five Forces Analysis

  • Five forces summary
  • Bargaining power of buyers
  • Bargaining power of suppliers
  • Threat of new entrants
  • Threat of substitutes
  • Threat of rivalry
  • Market condition

Market Segmentation by Application

  • Market segments
  • Comparison by Application
  • General LED lighting - Market size and forecast 2019-2024
  • Automotive LED lighting - Market size and forecast 2019-2024
  • LED backlighting - Market size and forecast 2019-2024
  • Market opportunity by Application

Customer landscape

  • Volume driver-Demand led growth
  • Market challenges
  • Market trends

Vendor Landscape

  • Vendor lanscape
  • Landscape disruption

Vendor Analysis

  • Vendors covered
  • Market positioning of vendors
  • ABB Ltd.
  • Cree Inc.
  • Dialight Plc
  • Eaton Corp. Plc
  • Havells India Ltd.
  • Hella GmbH & Co. KGaA
  • OSRAM Licht AG
  • Panasonic Corp.
  • Signify NV
  • Toshiba International Corp.

Appendix

  • Scope of the report
  • Currency conversion rates for US$
  • Research methodology
  • List of abbreviations

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.

TechnavioINFORMATION 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
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TechnavioDATA 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
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TechnavioREPORT 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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LED Lighting market growth will increase by $3162.07 million during 2019-2024.
The led lighting market is expected to grow at a CAGR of 11.40% during 2019-2024.
Technavio has segmented the led lighting market by application (General LED lighting, Automotive LED lighting, and LED backlighting) and geographic (South America and Brazil).
ABB Ltd., Cree Inc., Dialight Plc, Eaton Corp. Plc, Havells India Ltd., Hella GmbH & Co. KGaA, OSRAM Licht AG, Panasonic Corp., Signify NV, Toshiba International Corp. are a few of the key vendors in the led lighting market.
Brazil will register the highest growth rate of 99.62% among the other regions. Therefore, the led lighting market in Brazil is expected to garner significant business opportunities for the vendors during the forecast period.
The key factors driving the led lighting market growth are:
  • Declining manufacturing cost of LEDs
The led lighting market vendors should focus on grabbing business opportunities from the general led lighting segment as it accounted for the largest market share in the base year.
  • 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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