New Energy Application (Southeast Asia Outlook 2024)

In this free Outlook, we analyze the new energy application market in Southeast Asia. We use sales data from almost 610 thousand SKUs of new energy application products sold in Southeast Asia's most popular marketplaces, Shopee and Lazada.

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  • Market overview for Southeast Asian 6 countries (Indonesia, Malaysia, Thailand, the Philippines, Vietnam, and Singapore)
  • A detailed analysis of different segments
  • Price ranges, that generate most of the revenue, by country and product category
  • List of leading brands (with their market share) in each region and market segment
This Outlook is based on April 2024 data. ) [_table_of_contents] => Array ( [0] => field_65b18cc85d2c7 ) [highlight] => Array ( [0] => Southeast Asia's abundant renewable resources, especially solar energy, provide a solid foundation for this transition. This region also has a natural advantage for photovoltaic power generation. These advantages could make the solar market a new blue ocean for enterprises expanding abroad. Additionally, as the concepts of energy conservation and carbon reduction become more ingrained, the demand for new energy application products would also increase. Overall, the market for new energy application products in Southeast Asia has significant potential. In April 2024, the number of new energy application products sold on Shopee and Lazada reached approximately 620,000, with a total sales revenue of about $680 million. Among these products, LED lights and displays topped the sales list with around 60% market share, followed by solar products. Consumers in different countries have varying preferences for new energy application products. In Indonesia, Malaysia, and Singapore, LED lights and displays gained significant popularity. Solar products are more popular in the Thai and Philippine markets. Besides LED lights and displays, electric vehicles and their charging equipment are also quite popular in Vietnam. Regarding brands, in general, there is no dominant brand in the Southeast Asian new energy application market. Consumers generally prefer brands from the Netherlands and Asia. PHILIPS from the Netherlands was the best-selling brand in this category, followed by Samsung from South Korea and Xiaomi from China. 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From preliminary eCommerce scans that inform your market entry strategy, to monthly data checks, and long-term monitoring, we offer custom data collection and analysis to help identify your industry's market structure, pricing, top competitors, trends, and more. To learn more, navigate to our "Data Service" page in the main menu or contact us to discuss your data needs. ) [banner_title] => Array ( [0] => Need specific data for your business? ) [_banner_title] => Array ( [0] => field_6650573688572 ) [button_text] => Array ( [0] => Customize your report ) [_button_text] => Array ( [0] => field_6650576288573 ) )

What Will You Find...

  • Market overview for Southeast Asian 6 countries (Indonesia, Malaysia, Thailand, the Philippines, Vietnam, and Singapore)
  • A detailed analysis of different segments
  • Price ranges, that generate most of the revenue, by country and product category
  • List of leading brands (with their market share) in each region and market segment

This Outlook is based on April 2024 data.

Highlights

Southeast Asia's abundant renewable resources, especially solar energy, provide a solid foundation for this transition. This region also has a natural advantage for photovoltaic power generation. These advantages could make the solar market a new blue ocean for enterprises expanding abroad. Additionally, as the concepts of energy conservation and carbon reduction become more ingrained, the demand for new energy application products would also increase. Overall, the market for new energy application products in Southeast Asia has significant potential.

In April 2024, the number of new energy application products sold on Shopee and Lazada reached approximately 620,000, with a total sales revenue of about $680 million. Among these products, LED lights and displays topped the sales list with around 60% market share, followed by solar products.

Consumers in different countries have varying preferences for new energy application products. In Indonesia, Malaysia, and Singapore, LED lights and displays gained significant popularity. Solar products are more popular in the Thai and Philippine markets. Besides LED lights and displays, electric vehicles and their charging equipment are also quite popular in Vietnam.

Regarding brands, in general, there is no dominant brand in the Southeast Asian new energy application market. Consumers generally prefer brands from the Netherlands and Asia. PHILIPS from the Netherlands was the best-selling brand in this category, followed by Samsung from South Korea and Xiaomi from China.

For detailed consumer preferences and brand performance in different countries, please feel free to download the outlook.

new-energy-application-market-overview
new-energy-application-main-segments
new-energy-application-top-brands
new-energy-applicaiton-price-range

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Questions & Answers

Which payment methods are currently available to purchase a resource?

At the moment we only support credit card payments. However, in the near future this will be expanded to include other popular methods such as WeChat Pay and Alipay.

What should I do if I have not received my email or my payment failed?

If you encounter any problems throughout the ordering process, get in touch with us. You can reach us through our online customer service. Alternatively, you can send an email to info@tmogroup.asia or give us a call at +86 (0)21 617 00 396.

If my payment was successful, can I receive an invoice?

TMO Group can provide an invoice for purchase of the guides. If you need an invoice, please send a request by email to info@tmogroup.asia with the detailed company information for the invoice and the payment receipt. Once we receive, we can issue the digital invoice and send it to you via e-mail within 10 working days.

I need specific data about my industry, do you offer customized reports?

Yes! From preliminary eCommerce scans that inform your market entry strategy, to monthly data checks, and long-term monitoring, we offer custom data collection and analysis to help identify your industry's market structure, pricing, top competitors, trends, and more. To learn more, navigate to our "Data Service" page in the main menu or contact us to discuss your data needs.
Can’t find the answer here? Contact us for support.

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