Eco-Friendly Lighting: The Growing Demand in Thailand
As the world becomes increasingly aware of the need to shift towards more sustainable LED lighting alternatives and energy-efficient practices, it has resulted in high demands of such products and services. This trend is particularly evident in Thailand, where the government has announced several initiatives to replace traditional lighting systems with energy-efficient LED lighting systems across the country. Let’s discuss the recent market news on the lighting demand and construction market in Thailand that indicates a positive demand for lighting products.
Phase 1 of the LED Lighting Replacement Project in Bangkok
The Bangkok Metropolitan Administration (BMA) has launched an ambitious project to replace the traditional high-pressure sodium (HPS) bulbs with energy-efficient LED bulbs in the city’s public areas. This project is part of the BMA’s efforts to promote energy conservation and reduce greenhouse gas emissions. The first phase of the project is set to be completed by April 2023 and involves the replacement of 25,000 streetlights with smart IoT systems for energy-saving.
The Department of Public Works and Town and Country Planning (DPT) has been assigned to oversee seven public streetlight projects that will provide a total of 24,642 LED light bulbs in Bangkok’s public areas. The budget for this project is 315 million Thai Baht (THB). In addition, Bangkok plans to convert 45,000 additional LED bulbs in 13 main roads with IoT systems to be completed within April 2023.
Phase 2 of the LED Lighting Replacement Project in Bangkok
The second phase of the LED lighting replacement project in Bangkok is set to be completed by June 2023. The DPT and district offices are responsible for replacing 10,000 and 30,000 light bulbs, respectively. In total, Bangkok has a total of 400,000 light bulbs to be changed.
Market Outlook for Lighting Demand in Thailand
The LED lighting replacement project in Bangkok is just one of many initiatives that are driving the demand for eco-friendly lighting and energy-saving lighting products in Thailand. According to a report by ResearchAndMarkets.com, the Thai lighting market is expected to grow at a CAGR of 8.16% during the period 2021-2026.
The report attributes this growth to several factors, including the increasing adoption of LED lighting, the government’s initiatives to promote energy efficiency and reduce carbon emissions, and the growing construction industry in Thailand. In addition, the increasing demand for smart lighting systems and the rising popularity of decorative lighting products are also contributing to the growth of the lighting market in Thailand.
The LED lighting replacement project in Bangkok and the positive market outlook for the lighting industry in Thailand indicate that there is a growing demand for eco-friendly lighting and energy-saving lighting products in the country. As the government continues to promote energy efficiency and sustainability, it is likely that this trend will continue to drive the growth of the lighting market in Thailand. For businesses in the lighting industry, this presents an opportunity to capitalize on the growing demand for sustainable LED lighting solutions and contribute to the country’s efforts to reduce carbon emissions and promote sustainable development.
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