The latest report by IMARC Group, titled “Egypt LED Lighting Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028,” finds that the Egypt LED lighting market size reached US$ 427.4 Million in 2022. LED lighting or light-emitting diodes are semiconductor light sources that convert electrical energy into light energy. They produce approximately 90% more efficient light than incandescent light bulbs such as fluorescent and incandescent lights. LED lighting devices are energy-efficient and rapidly-developing lighting technology that operates for a longer duration and is durable in nature. They find utilization for residential, industrial, and government applications across highway and roadway, architectural, and public places. Nowadays, consumers are increasingly opting for a more efficient form of lighting, such as LED lighting, as they provide better lighting quality compared to traditional lighting technologies.
Egypt LED Lighting Market Trends:
The Egypt LED lighting market is primarily driven by the increasing construction activities in the country. This has led to a significant rise in the installation of LED lighting systems across residential buildings, retail centers, hospitals, and educational institutions. Besides this, the implementation of stringent regulations to lower the use of inefficient lighting technologies are also fueling the market growth. For instance, The Government of Egypt is extensively investing in the standardization program for proper illumination in mills and warehouses, which ensures workforce safety. In addition, the growing awareness about the benefits of LED lighting is also propelling the adoption of LED products such as LED lamps and ceiling lights. Furthermore, technological advancements, such as the advent of LED technology that offers enhanced efficiency and cost-effectiveness, are also creating a positive outlook for the market. Moreover, the growing installations of LED lighting systems in commercial spaces, rising number of modern housing projects and decline in the price of LEDs are some of the other growth-inducing factors. Looking forward, the market value is expected to reach US$ 553.4 Million by 2028, exhibiting a CAGR of 4.3% during the forecast period (2023-2028).
- Based on the product type, the market has been segmented into LED lamps and modules and LED fixtures.
- On the basis of the application, the market has been classified into residential, commercial, industrial, and others.
- The market has been categorized based on the end-user into indoors and outdoors.
- On the basis of import and domestic, the market has been segregated into import and domestic.
- Based on the distribution channel, the market has been bifurcated into online and offline channels.
- The competitive landscape of the market has 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.
|Base Year of the Analysis
||Product type, Application, End-User, Import and Domestic, Distribution Channel
||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
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