Egypt LED Lighting Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

Egypt LED Lighting Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

Report Format: PDF+Excel | Report ID: SR112023A3285
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Market Overview:

The Egypt LED lighting market reached a value of US$ 406.3 Million in 2021. Looking forward, IMARC Group expects the market to reach US$ 532.3 Million by 2027, exhibiting a CAGR of 4.5% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use sectors. These insights are included in the report as a major market contributor. 

Light emission diode (LED) lighting system includes a semiconductor device that emits light when the electric current is passed through a microchip. LED lighting products offer numerous advantages, including compact size, high durability, low heat output, minimum radiation emissions, and lesser power consumption. Furthermore, LED lights exhibit higher efficiency in comparison to conventional light bulbs, owing to which incandescent and fluorescent lights are being replaced by LED lighting systems. In Egypt, these lighting systems are widely installed across residential buildings, retail centers, hospitals, education institutions, etc.

 

 
 

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The increasing demand for energy-efficient lighting systems along with a significant decline in the price of LEDs is primarily augmenting the market growth in the country. Additionally, the elevating levels of urbanization and the rising number of modern housing projects are also propelling the adoption of LED lighting systems. Furthermore, improving consumer living standards in Egypt have led to the increasing expenditures of high-end home decor items, including LED-based table lamps, pendant lights, floor lights, etc. Besides this, the growing installations of LED lighting systems in commercial spaces for reflectors, downlights, projectors, etc., are also catalyzing the market growth in the country. Additionally, the implementation of favorable government regulations for reducing carbon emissions has led to the replacement of incandescent bulbs with LED lighting systems. Furthermore, the Egyptian government is continuously focusing on standardization programs for proper illumination in mills and warehouses to ensure workforce safety, thereby augmenting the demand for LED lights in the industrial sector. In the coming years, the rising investments by the government to lessen the peak power demand and overall power consumption will continue to further drive the market for LED lighting systems in Egypt.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the Egypt LED lighting market, along with forecasts for the period 2022-2027. Our report has categorized the market based on product type, application, end-user, import and domestic and distribution channel.

Breakup by Product Type:

 

 
 

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  • LED Lamps and Modules
  • LED Fixtures
     

Breakup by Application:

  • Residential
  • Commercial
  • Industrial
  • Others
     

Breakup by End-User:

  • Indoors
  • Outdoors
     

Breakup by Import and Domestic:

  • Import
  • Domestic
     

Breakup by Distribution Channel:

  • Online
  • Offline
     

Competitive Landscape:

The competitive landscape of the industry has also been examined with some of the key players being 3Brothers For Lighting & Engineering, Aimex, Delta Egypt Lighting, EGREEN, EM-Electrical, Evergreen Solar Inc., Inter IKEA Systems B.V., Koninklijke Philips N.V. and Siraj Lighting Company.

Report Coverage:

Report Features Details
Base Year of the Analysis 2021
Historical Period 2016-2021
Forecast Period 2022-2027
Units US$ Million
Segment Coverage Product type, Application, End-User, Import and Domestic, Distribution Channel
Companies Covered 3Brothers For Lighting & Engineering, Aimex, Delta Egypt Lighting, EGREEN, EM-Electrical, Evergreen Solar Inc., Inter IKEA Systems B.V., Koninklijke Philips N.V. and Siraj Lighting Company
Customization Scope 10% Free Customization
Report Price and Purchase Option

Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

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Egypt LED Lighting Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027
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