Australia LED Lighting Market Overview, 2028

Australia LED Lighting Market Overview, 2028

Australia is the first nation in the world to eliminate incandescent lighting. It is also a haven for high-performance lighting applications, and its largest city, Sydney, is home to a significant number of GE LED street lights that are used on urban roads. This makes Australia second only to Japan in terms of the penetration of LED lighting products in developed nations. In addition, the domestic lighting industry is developing at a low rate in the Australian market in comparison to Europe and the United States, where there is certain market potential. Additionally, the electrical safety requirements for lighting products certified by the system (SAA certification) are particularly stringent, with a higher access threshold. Although the number of individual customers is small, the profit is greater. The overall situation for the entry of high-end products.

According to the research report Australia Led Lighting Market Overview, 2028, published by Bonafide Research, Australia led light market is expected to add USD 1.91 Billion by 2028. Numerous lights are used in the home, commercial buildings, vehicles, industry, and many other places. On the market, there are various types of led lights. The sector's expansion is being driven by a rise in government initiatives to promote energy-efficient lighting systems, an increase in smart city projects, and the long lifespan of LED lights. During the period under study, a new government initiative to encourage the use of energy-efficient bulbs will be beneficial to Indian LED light manufacturers.

LED lighting products and levels of market penetration levels are categorized based on the price sensitivity and power urgency of the user. In general, lighting application markets can be further subdivided into extensive stretch industrial facility lighting, with business lighting requests typically taking off first. The area with the quickest entrance rate will in general have halfway lighting applications and, in the long run, prompt private lighting requests. For good reason, LED light bulbs are currently the most popular type of light bulb. They use very little energy, don't have mercury in them, don't heat up when used, and give off bright light with a slightly cool cast. LED bulbs come in a wide variety of sizes, shapes, and colors. The standard, pear-shaped Type-A bulb is also known as a standard bulb. They're utilized in both private and business applications and screw into an Edison screw. Lamp bulbs, or A19, are utilized in all lamps, and A15 appliance bulbs are the most prevalent of these bulbs.

In Australia, lighting items are primarily sold through lighting shops, marked stores, electrical machine stores, home apparatus corporate retailers, store chains, home improvement shops, and building materials shops. Currently, specialized lighting markets distribute the majority of lighting products. In recent years, numerous businesses have started using online platforms as new sales channels. Key producers of lighting solutions in Australia are working to become leading players in the LED lighting market and cater to the demand from both domestic and international consumers. China, for example, is adopting massive decarburization campaigns, with smart, connected LED lights leading the way. The country’s dual carbon strategy, intended to lower its emissions by 2030 and reach the carbon-neutral target in the future, will also be instrumental in the fight against the climate crisis.

Considered in this report
• Geography: Australia
• Historic year: 2017
• Base year: 2022
• Estimated year: 2023
• Forecast year: 2028

Aspects covered in this report
• Australia LED Lighting market with its value and forecast along with its segments
• Region-wise LED Lighting market analysis
• Various drivers and challenges
• On-going trends and developments
• Top profiled companies
• Strategic recommendation

By Product:
• Lamps
• Luminaries

By Application:
• Indoor
• Outdoor

By Sales Channel:
• Retail/Wholesale
• Direct Sale
• E-commerce

By Installation Type:
• New
• retrofit

The approach of the report:
This report consists of a combined approach of primary as well as secondary research. Initially, secondary research was used to get an understanding of the market and list out the companies that are present in the market. The secondary research consists of third-party sources such as press releases, and annual reports of companies, analyzing the government-generated reports and databases. After gathering the data from secondary sources primary research was conducted by making telephonic interviews with the leading players about how the market is functioning and then conducting trade calls with dealers and distributors of the market. Post this we have started doing primary calls to consumers by equally segmenting consumers into regional aspects, tier aspects, age groups, and gender. Once we have primary data with us we started verifying the details obtained from secondary sources.

Intended audience
This report can be useful to industry consultants, manufacturers, suppliers, associations & organizations related to the LED Lighting industry, government bodies, and other stakeholders to align their market-centric strategies. In addition to marketing & presentations, it will also increase competitive knowledge about the industry.