LED Panel Light Market Potential in Viet Nam

It is reported that by the year of 2020, urbanization rate in Vietnam is expected to increase from the current 27% to 45% so the lighting market in Vietnam will be larger and larger. During the period of 2010 – 2020, Vietnam will develop 364 million square meters of living space in urban areas which means the accelerating pace of developing. Also, it means that the development of approximately 36 million square meters of land each year. Implementation, rapid economic development and urbanization plan greatly stimulated the demand for lighting products so the LED lighting market is also sure to be large in the future. A large number of indoor and outdoor lighting projects and LED panel light, LED tube light, buy LED flat panel light will be in need.

Due to the high consumption of energy, Vietnam VEEPL has been implemented. VEEPL includes the replacement and upgrading of existing lighting system to reduce energy consumption, which actually means the wide application of LED lighting fixtures. It is predicted that by 2015, 100% of the street lights will be replaced by high-pressure sodium street lamps and energy-saving lamps and all the interior lights will be replaced by T8, T5 LED tube lights. LED panel light applications will be wider and wider.

In addition, because a lot of supermarkets and offices will be put in use, wholesale LED street lights will be promoted. With the gradual improvement of the market in Vietnam, there will be more and more enterprises stationed, and the corresponding business according to market size will be growing.

With the development of resort tourism industry, Vietnam will need more international luxury hotel to meet the needs of tourists. According to Vietnam's tourism sector estimates that in 2020, Hanoi will require a large amount of LED panel light and LED flood light for stages. What’s more, this year, the Vietnamese government has approved an urban renewal plan. The total investment amounting will have reached $ 90 billion by 2020 and the policy will further stimulate the Vietnamese architectural lighting market, especially in the field of commercial, hotels, resorts, recreational facilities and infrastructure.

After joining the WTO in 2007, Vietnam committed to reducing import tariffs so it is really a good opportunity for LED manufacturing companies to promote LED panel light applications.

If you want to buy LED panel light or want to know more information about LED panel light applications, you can visit wholesale LED industrial light. We are famous brand both at domestic and abroad. You can rely on us if you want to buy high-quality LED lighting fixture.

Product Instruction
EI-6550DV is a new product of dual view LED flood lamp wholesale. It can display horizontal and vertical images by two independent generators, and can quickly detect organic, inorganic, mixtures or light metals according to the effective atomic number of detected objects, which can identify overlapping articles and contraband easily and precisely.

Posted November 2, 2015 02:07