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There are approximately 700-800 million households in Australia, and the typical family has 70-80 lampholders. The original MR16 halogen products and conventional ceiling lamps have the potential to be replaced.
In addition, Australia is the first nation in the world to completely eliminate incandescent lighting. It is also a haven for high-performance lighting applications, and its largest city, Sydney, is home to a significant number of LED street lights that are used in urban roads.
This makes Australia second only to Japan in terms of the penetration of LED lighting products in developed nations.
The Australia LED lighting market accounted for $XX Billion in 2023 and is anticipated to reach $XX Billion by 2030, registering a CAGR of XX% from 2024 to 2030.
The Australian Lighting Association describes lighting manufacturers as rare, and Australia’s lighting products heavily rely on imports, most of which come from China. Australia’s local lighting manufacturing industry is not developed.
Australia has a lot of companies that control lighting. The recent GE acquisition of the Daintree company and the acquisition of Dynalite PHILIPS Corporation (please differentiate themselves as Bunge smart Dalitek) are examples of this.
In addition, the domestic lighting industry is developing at a low rate in the Australian market in comparison to Europe and the United States, where there is a certain market potential.
Additionally, the electrical safety requirements for lighting products certified by the system (SAA certification) are particularly stringent, with a higher access threshold; Although the number of individual customers is small, the profit is greater. the overall situation for the entry of high-end products.
