2016 Vietnam domestic market take-off, LED lighting market reached 348 million US dollars

As the global LED lighting market growth slowed down, LED manufacturers have to invest in emerging markets looking for a new blue ocean. UBRIGHT latest research report shows that in 2015 the scale of LED lighting market in Vietnam reached 271 million US dollars, estimated 2016 will grow to 348 million US dollars, the growth rate of 28%, so that the Vietnamese market gradually favored by the LED lighting industry. Observation of the overall Vietnam LED lighting market, the past, Vietnam consumes about 200 million traditional light bulbs each year, of which more power consumption of the traditional tungsten filament lamp based.