Portable lights that are specifically designed to temporarily illuminate the working area at a residential premise and/or a Construction and industrial workplace and uses LED technology as a source of illumination are defined as LED work lights.
This report contains market size and forecasts of LED Work Lights in Vietnam, including the following market information:
Vietnam LED Work Lights Market Revenue, 2015-2020, 2021-2026, ($ millions)
Vietnam LED Work Lights Market Consumption, 2015-2020, 2021-2026, (K Units)
Vietnam LED Work Lights Production Capacity, 2015-2020, 2021-2026, (K Units)
Top Five Competitors in Vietnam LED Work Lights Market 2019 (%)
The global LED Work Lights market was valued at 765.4 million in 2019 and is projected to reach US$ 896.1 million by 2026, at a CAGR of 4.0% during the forecast period. While the LED Work Lights market size in Vietnam was US$ XX million in 2019, and it is expected to reach US$ XX million by the end of 2026, with a CAGR of XX% during 2020-2026.
MARKET MONITOR GLOBAL, INC (MMG) has surveyed the LED Work Lights manufacturers, suppliers, distributors and industry experts on the impacts of the COVID-19 pandemic on businesses, with top challenges including ingredients and raw material delays, component and packaging shortages, reduced/cancelled orders from clients and consumers, and closures of production lines in some impacted areas.
This report also analyses and evaluates the COVID-19 impact on LED Work Lights production and consumption in Vietnam
Total Market by Segment:
Vietnam LED Work Lights Market, By Type, 2015-2020, 2021-2026 ($ millions) & (K Units)
Vietnam LED Work Lights Market Segment Percentages, By Type, 2019 (%)
Battery Operated LED Work Lights
Plug-in LED Work Lights
The segment of battery operated was estimated to be valued at nearly US$ 449.82 Mn by 2018 end,occupied 63.19% of total market,and is projected to create incremental value opportunity of more than US$ 142.51 Mn between 2018 and 2024. The segment is slated to reach a market valuation of nearly US$ 592.33 Mn by 2024.
Vietnam LED Work Lights Market, By Application, 2015-2020, 2021-2026 ($ millions) & (K Units)
Vietnam LED Work Lights Market Segment Percentages, By Application, 2019 (%)
LED work lights can be used in industrial, construction and residential areas. It is mainly used in the industrial sector, with a market share of 48.97% in2018.
The report also provides analysis of leading market participants including:
Total LED Work Lights Market Competitors Revenues in Vietnam, by Players 2015-2020 (Estimated), ($ millions)
Total LED Work Lights Market Competitors Revenues Share in Vietnam, by Players 2019 (%)
Total Vietnam LED Work Lights Market Competitors Sales, by Players 2015-2020 (Estimated), (K Units)
Total Vietnam LED Work Lights Market Competitors Sales Market Share by Players 2019 ($ millions)
Further, the report presents profiles of competitors in the market, including the following:
Cooper Industries (Eaton)
Vignal Lighting Group
Stanley Black & Decker
WF Harris Lighting
Ningbo Boyi Electronics