Philippine lighting needs increased

As the population to urban concentration, the demand for modern living in the Philippines have become more sophisticated, the 2014 land development and construction of additional cases have hit a new high. Among them, the residential development deployment and an increase of 17.1% compared to last year; the case of non-residential construction and an increase of 15.2% compared to last year; repair and re-decorating has grown up to 41.7% of the cases, related industries and foreign building materials supplier / importer bring tremendous business opportunities.

Philippines lighting market is growing rapidly in recent years, from 2011 to 2017 growth of between 1.4% expected in 2017 sales value of 9.5 billion pesos (about 1.325 billion yuan).

Although incandescent lamp is also estimated that by 2017 the Philippines the largest contribution to the lighting market items; however, the Philippine government announced it would actively promote carbon reduction plan in accordance with the "Kyoto Protocol", together with the Philippines under the impact of high electricity tariffs, tradition energy saving lamps (CFL) and LED light demand is expected to grow year after year, growth will be declining incandescent.

In particular, low-cost brand in China LED lights into the market, but also help stimulate demand growth, but these cheap LED lamp product penetration is limited, from the full adoption of LED lamp ideal segment still gaps.