Middle East and Africa (MEA) LED Lighting Market Summary, Competitive Analysis and Forecast to 2027

Middle East and Africa (MEA) LED Lighting Market Summary, Competitive Analysis and Forecast to 2027
Summary

LED Lighting in Middle East & Africa industry profile provides top-line qualitative and quantitative summary information including: market share, market size (value and volume 2017-22, and forecast to 2027). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.

Key HighlightsLED lamps or luminaires are long-lasting and provide quality lighting than fluorescent or compact fluorescent or halogen incandescent or incandescent light bulbs. In LED lighting, LEDs are incorporated into lamps and luminaires for general lighting purposes. Both indoor and outdoor LED lightings are in our scope. Indoor LED lighting includes A-Type, decorative, directional, small directional, downlighting, linear fixture, and low/high bay. Outdoor LED lighting scope includes street/roadway, parking garage, parking lot, and building exterior.The Middle East & African LED lighting market had total revenues of $3.5 billion in 2022, representing a compound annual growth rate (CAGR) of 7.5% between 2017 and 2022.The residential segment accounted for the market's largest proportion in 2022, with total revenues of $1.4 billion, equivalent to 39.2% of the market's overall value.The growth of the market in 2022 is attributed to the growing residential and non-residential construction, huge energy savings, durability and long life over incandescent light bulbs, and better light quality than other types of lighting.ScopeSave time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the led lighting market in Middle East & AfricaUse the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the led lighting market in Middle East & AfricaLeading company profiles reveal details of key led lighting market players’ global operations and financial performanceAdd weight to presentations and pitches by understanding the future growth prospects of the Middle East & Africa led lighting market with five year forecasts by both value and volumeReasons to BuyWhat was the size of the Middle East & Africa led lighting market by value in 2022?What will be the size of the Middle East & Africa led lighting market in 2027?What factors are affecting the strength of competition in the Middle East & Africa led lighting market?How has the market performed over the last five years?Who are the top competitors in Middle East & Africa's led lighting market?