Market Research Report

Brazil LED Lighting Market Research Report: Forecast (2023-2028)

By Type (Indoor Vs Outdoor), By Application (Office Lighting, Street Lighting, Industrial Lighting, Traffic Lights, Parking Lots), By End Users (Commercial, Residential, Industrial..., Government), By Region (Bahia, Rio de Janeiro, Sao Paulo, Rio Grande do Sul, Minas Gerais, Others), By Company (Cree Inc., Philips do Brasil Ltda (Now Signify), GE Lighting, OSRAM Comércio de Soluções de Iluminação Ltda., Samsung Electronics of Amazonia Ltda., Panasonic do Brasil Ltda, Vishay Semi-Conductors Inc., ROHM Semiconductor do Brasil, Hitec Industry Co., Limited, Zumtobel Lighting GmbH, Others) Read more

  • FMCG
  • Mar 2023
  • 118
  • PDF, Excel, PPT

Market Definition

LED (Light Emitting Diode) is an energy-efficient lighting technology, i.e., swiftly replacing conventional lighting by offering substantial energy conservation & minimal energy costs. The growing awareness among people about various benefits of LED lights, such as high durability and better light quality than conventionally used lighting solutions, is amplifying their demand and, consequently, instigating manufacturers to expand their production capacities to cater to the burgeoning end-user requirements.

Market Insights & Analysis: Brazil LED Lighting Market (2023-28)

Brazil features among the most prominent economies across the globe. In addition, due to its vast demographic dividend the country is the largest consumer market in South America. The pro business Government of the country in addition to the numerous global events held in the country in the recent past has been the major growth engine for LED lighting market of the country. 

Introduction of smart cities campaign by the Government is expected to push the demand for intelligent lighting controls. These lighting controls would be entirely based on LED lighting. Therefore, the demand for LED lighting is expected to surge at an exponential rate during the forecast period.  In addition, rapid urbanization is expected to fuel the demand for LED lighting products during the forecast period.

The Brazil LED Lighting Market is expected to grow at a CAGR of around 12% during the forecast period, i.e., 2023-28. Most of the market expansion would be driven by the rapidly growing government focus on the country's infrastructural development, demonstrating a peaking number of construction activities. Additionally, the presence of stringent government regulations encouraging the adoption of energy-efficient lighting & eliminating the use of inefficient lighting is another aspect fueling the demand for LED lighting in Brazil.

Report Coverage Details
Study Period Historical Data: 2018-21
Base Year: 2022
Forecast Period: 2023-28
CAGR (2023-2028) 12%
Region Covered Bahia, Rio de Janeiro, Sao Paulo, Rio Grande do Sul, Minas Gerais, Others
Key Companies Profiled Cree Inc., Philips do Brasil Ltda (Now Signify), GE Lighting, OSRAM Comércio de Soluções de Iluminação Ltda., Samsung Electronics of Amazonia Ltda., Panasonic do Brasil Ltda, Vishay Semi-Conductors Inc., ROHM Semiconductor do Brasil, Hitec Industry Co., Limited, Zumtobel Lighting GmbH, Others. 
Unit Denominations USD Million/Billion

 

Besides, growing awareness about the perks of LED lights like high lumen power, less power consumption, better service life, and no flickering, entwined with the integration of solutions like Wi-Fi, occupancy sensor, & daylighting, among others, into lighting is also attracting substantial consumer base in the country. The same aspect is driving LED lighting sales and stimulating overall market growth. For Instance:

  • In 2019, Belo Horizonte Iluminaçao Publica (BHIP) experienced 50% electricity cost savings by upgrading 182,000 streetlights with new LEDs. The up-gradation project comes under Brazil’s first public lighting public-private partnership between BHIP & Signify.


Brazil LED Lighting Market Trends:

  1. Increasing demand for energy-efficient lighting solutions: The market is majorly driven by growing awareness about the environmental benefits of LED lighting, when compared to conventional lighting options such as incandescent and fluorescent lamps, resulting in LED lighting being more economical and environment-friendly lighting alternative.
  2. Government programmes to promote energy-efficient lighting: The government is working more assiduously to promote energy-efficient lighting products, including tax incentives and subsidies, in order to advance the country towards becoming more energy-efficient.
  3. Declining Prices for LED lighting products: Over the past few years, LED product prices have been falling. This is due to escalating rivalry in the market for LED lighting products and the economies of scale that LED producers have attained. The demand for these LED lighting products is being fueled by the reduced price of products making them more accessible to customers.

Brazil LED Lighting Market (2023-28): Segmentation Analysis

Based on Type:

  • Indoor Lighting
  • Outdoor Lighting

Outdoor Lighting is anticipated to demonstrate substantial growth in Brazil LED Lighting Market during 2023-28. It owes to the rapidly growing infrastructural development projects, such as airports, highways, & public places, promulgating the demand for proper lighting, especially across areas dimness is of high certainty.

Besides, increasing government initiatives to attain net-zero emission by lowering energy consumption is another aspect set to demonstrate a peaking demand for LEDs lighting, especially for applications like street lighting, highways, and more. The same aspect is also emerging as an area of opportunity for the leading players to increase their production & distribution capacities and cater to the mounting demands throughout Brazil.

Based on End-Users:

  • Commercial
  • Residential
  • Industrial
  • Government

Here, the commercial sector dominated the Brazil LED Lighting Market with the largest share and the same trend is likely during 2023-28. It attributed to the swift expansion of the commercial sector, demonstrating the growing construction of facilities like hotels, corporate offices, hospitals, and more, always propelling the demand for suitable lighting, and propelling the demand for LED lighting in Brazil.

Besides, since the utilization of lighting is vast in the industry, and people are seeking ways to cut down expenses and electricity bills, the utilization of LED lighting is mounting substantially and stimulating the overall market growth. The same aspect is also generating lucrative opportunities for the leading players to increase their production and distribution capacities and cater to the burgeoning demands.

On the other hand, the residential sector is another prominent end-user of LED lights in Brazil. The increased need for energy-efficient lighting solutions and customers' increasing disposable income are what are fueling the expansion of this market sector. It owes to the rapidly increasing population and improving economic conditions. It is demonstrating rapid urbanization and the development of the residential sector to habituate people.

The same aspect is also fueling the utilization of LED lighting and stimulating the overall market growth. Nonetheless, the declining prices of LED products in the country are further projecting opportunities for the players to increase their production & distribution capacities and cater to the rapid expansion of Brazil's LED Lighting Market across the residential sector during the forecast period.

Gain a Competitive Edge with Our Brazil LED Lighting Market Report

  1. Brazil LED Lighting Market report provides a detailed and thorough analysis of market size, growth rate, competitive landscape, and key players. This comprehensive analysis helps businesses gain a holistic understanding of the market dynamics and make informed decisions.
  2. This report also highlights current market trends and future projections, allowing businesses to identify emerging opportunities and potential challenges. By understanding market forecasts, companies can align their strategies and stay ahead of the competition.
  3. Brazil LED Lighting Market report aids in assessing and mitigating risks associated with entering or operating in the market.
  4. The report would help in understanding market dynamics, regulatory frameworks, and potential challenges, businesses can develop strategies to minimize risks and optimize their operations.

Frequently Asked Questions

   A. The Brazil LED Lighting Market is expected to register around 12% CAGR during 2023-28.

   A. The presence of stringent government regulations encouraging the adoption of energy-efficient lighting & eliminating the use of inefficient lighting is the prime aspect projected to drive the Brazil LED lighting Market during 2023-28.

   A. Cree Inc., Philips do Brasil Ltda (Now Signify), GE Lighting, OSRAM Comércio de Soluções de IluminaçãoLtda., Samsung Electronics of Amazonia Ltda., Panasonic do Brasil Ltda, Vishay Semi-Conductors Inc., ROHM Semiconductor do Brasil, Hitec Industry Co., Limited, and Zumtobel Lighting GmbH are the key companies participating in the Brazil LED Lighting Market.

   A. The commercial Sector would continue generating remunerative opportunities for the leading players in the Brazil LED Lighting Market through 2028.

  1. Introduction
    1. Product Definition
    2. Research Process
    3. Assumptions
    4. Market Segmentation
  2. Executive Summary
  3. Expert Verbatim- What our Experts Say?
  4. Macroeconomic Outlook
  5. Brazil LED Lighting Market Analysis, 2018-2028F
    1. Market Size & Analysis
      1. By Revenues
    2. Market Share & Analysis
      1. By Type
        1. Indoor Lighting
        2. Outdoor Lighting
      2. By Application
        1. Office Lighting
        2. Street Lighting
        3. Industrial Lighting
        4. Traffic Lights
        5. Parking Lots
      3. By End Users
        1. Commercial
        2. Residential
        3. Industrial
        4. Government
      4. By Region
        1. Bahia
        2. Rio de Janeiro
        3. Sao Paulo
        4. Rio Grande do Sul
        5. Minas Gerais
        6. Others
      5. By Company
  6. Brazil Indoor LED Lighting Market Analysis, 2018-2028F
    1. Market Size & Analysis
      1. By Revenues
    2. Market Share & Analysis
      1. By Application
      2. By End Users
      3. By Region
  7. Brazil Outdoor LED Lighting Market Analysis, 2018-2028F
    1. Market Size & Analysis
      1. By Revenues
    2. Market Share & Analysis
      1. By Application
      2. By Region
  8. Brazil LED Lighting Market Regulations
  9. Brazil LED Lighting Market Trends & Developments
  10. Brazil LED Lighting Market Dynamics
    1. Impact Analysis
    2. Drivers
    3. Challenges
  11. Brazil LED Lighting Market Winning Strategies, 2018-2028 
    1. Investment Scenario
    2. Hotspots
  12. Brazil LED Lighting Market Attractiveness Index, 2018 
    1. By Type
    2. By Application
    3. By End Users
    4. By Region
  13. Brazil LED Lighting Market Porter’s Five Forces Analysis
  14. Brazil LED Lighting Market Pricing Analysis, 2018-2028F
  15. Competitive Benchmarking
    1. Competition Matrix
      1. Product Portfolio
      2. Target Markets
      3. Target End Users
      4. Research & Development
      5. Strategic Alliances
      6. Strategic Initiatives
    2. Company Profiles (Business Description, Product Offering, Strategic Alliances or Partnerships, etc)
      1.  Cree Inc
      2.  Philips do Brasil Ltda (Now Signify)
      3.  GE Lighting
      4.  OSRAM Comércio de Soluções de Iluminação Ltda
      5.  Samsung Electronics of Amazonia Ltda
      6.  Panasonic do Brasil Ltda
      7.  Vishay Semi Conductors Inc
      8.  ROHM Semiconductor do Brasil
      9.  Hitec Industry Co, Limited
      10.  Zumtobel Lighting GmbH
  16. Disclaimer


Brazil LED Lighting Market Segmentation