Egypt LED Lighting Market: Predicted to Register Nearly 4.8% CAGR Through 2024
As per the research report by Report Cube, the Egypt LED Lighting Market is estimated to grow at a CAGR of about 23.5% during the forecast period, 2024-32.
The adoption of LED lighting systems is being driven by the growing urbanization & the increasing number of smart & modern houses. Egypt’s expanding consumer living standards are contributing to the rising cost of luxury home decor goods, like floor lamps, LED-based table lamps, etc. Additionally, the country’s market is expanding due to the increasing number of LED Lighting systems, being placed in commercial spaces for projectors, downlights, reflectors, and other uses.
Energy efficiency, government initiatives, and more consumer awareness are driving the market’s exponential growth. An LED lighting system includes a semiconductor device that produces light when an electric current flows through it. LED lighting products have numerous advantages, such as their compact design, exceptional strength, low heat production, low radiation emissions, and low power consumption. LED lighting systems are also captivating the place of fluorescent & incandescent lighting because of their higher efficiency in comparison to conventional light bulbs. In Egyptian homes, retail centers, hospitals, schools, and other establishments, these lighting systems are widely used.
Moreover, LED lighting producers have a lot of potential due to the growing demand for smart home technologies. Smart lighting systems enhance consumption with features like vice assistant integration, dimming capabilities, and remote control access. Also, initiatives for infrastructure development, the building of industrial facilities, and several other housing spaces are generating the demand for LED lighting. Along with this, to ensure worker safety, the Egyptian government is constantly emphasizing providing proper lighting in warehouses & mills, which is increasing demand for LED lights throughout the industrial sector, further states the research study, Egypt LED Lighting Market Analysis, 2024.
Analyzing the Egypt LED Lighting Market Segmentation
Express Delivery to Dominate the Egypt LED Lighting Market
By product type the Egypt LED Lighting Market is bifurcated into: LED Lamps & Modules, LED Fixtures, and Luminaries.
During 2024-32, the Egypt LED Lighting Market is presumed to be dominated by the LED Fixtures sector. LED fixtures are made to last up to 25 times longer than traditional bulbs like halogen and 8 to 10 times longer than CFL, all while saving roughly 72% to 80% on costs. Additionally, these LED lights are provided throughout Egypt by a number of prominent companies in the LED Lighting Market, such as 3Brothers For Lighting & Engineering, 7Lights Company, and others.
Egypt LED Lighting Market Companies Analysis
With the strategic analysis & market study the leading companies, including 3Brothers For Lighting & Engineering, Aimex, Delta Egypt Lighting, EGREEN, EM-Electrical, Evergreen Solar Inc., Inter IKEA Systems B.V., Koninklijke Philips N.V, Siraj Lighting Company, Others