Lamps & Lighting - Indonesia

Indonesia

In Indonesia, the revenue in the Lamps & Lighting market reaches €216.60m in 2024.
It is projected that this market will experience an annual growth rate of 1.78% (CAGR 2024-2029).
When compared to other countries worldwide, in the United States generates the highest revenue in this segment, amounting to €29,640m in 2024.
Considering the total population, the per person revenue generated in Indonesia is 0.00 in 2024.
In Indonesia, the demand for eco-friendly and energy-efficient lamps and lighting solutions has been steadily increasing in recent years.

Key regions: Brazil, China, Denmark, United Kingdom, Worldwide

Mercado

Región

Comparación de regiones

Moneda

Analyst Opinion

The Lamps & Lighting market in Indonesia has been experiencing significant growth in recent years. Customer preferences for energy-efficient and sustainable lighting solutions have been driving this trend. Additionally, the local special circumstances in Indonesia, such as the government's push for renewable energy and the increasing urbanization, have contributed to the development of the market.

Customer preferences: in the Lamps & Lighting market in Indonesia have shifted towards energy-efficient and sustainable lighting solutions. This can be attributed to the increasing awareness of environmental issues and the desire to reduce energy consumption. Customers are looking for led lighting products that offer long-lasting performance and lower energy consumption compared to traditional lighting options. The demand for smart lighting solutions, which can be controlled remotely and offer customizable lighting options, has also been on the rise. Trends in the market indicate a growing demand for led lighting products in Indonesia. led lighting is known for its energy efficiency, durability, and versatility. The declining prices of led bulbs and the government's efforts to promote energy-efficient lighting have further fueled the adoption of led lighting in the country. Customers are also seeking lighting solutions that provide better illumination and enhance the aesthetics of their homes or workplaces.

Local special circumstances: in Indonesia have played a significant role in the development of the Lamps & Lighting market. The government has been actively promoting renewable energy sources, including solar power, which has created opportunities for the growth of the lighting market. The focus on sustainable development and reducing carbon emissions has led to an increased demand for energy-efficient lighting solutions. Additionally, the rapid urbanization in Indonesia has created a need for lighting products in residential, commercial, and industrial sectors. Underlying macroeconomic factors have also contributed to the growth of the Lamps & Lighting market in Indonesia. The country's strong economic growth and rising disposable incomes have increased consumer spending power, leading to an increased demand for lighting products. The expanding middle class and the growing urban population have further fueled the market growth. Additionally, the government's infrastructure development projects, such as the construction of new buildings and roads, have created opportunities for the lighting market. In conclusion, the Lamps & Lighting market in Indonesia is developing due to customer preferences for energy-efficient and sustainable lighting solutions, local special circumstances such as the government's push for renewable energy and increasing urbanization, and

Underlying macroeconomic factors: such as strong economic growth and rising disposable incomes. The market trends indicate a growing demand for led lighting products and smart lighting solutions in the country.

Methodology

Data coverage:

Data encompasses B2C enterprises. Figures are based on home furnishings and furniture found in every room of the home. This market is segmented by the room where the furniture is likely to be used and consists of the following: Living Room, Bedroom, Kitchen and Dining room, Bathroom, Outdoor, and Home Office. The Furniture market also includes Lamps and Lighting and Home Decor because the furnishings and accessories within these segments are not specific to any room.

Modeling approach / Market size:

Market sizes are determined by a top-down approach, based on a specific rationale for each market segment. As a basis for evaluating markets, we use national statistical offices, international institutions, in-house market research, and resources from the Statista platform. Next we use relevant key market indicators and data from country-specific associations such as consumer spending and GDP. This data helps us to estimate the market size for each country individually.

Forecasts:

In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the particular market. For example, exponential trend smoothing is well suited for forecasting the Furniture market with a projected steady growth. The main drivers are furniture and furnishings, carpets and other floor coverings, and consumer spending per capita.

Additional Notes:

The market is updated twice per year in case market dynamics change. The impact of the COVID-19 pandemic is considered at a country-specific level.