According to IMARC Group’s latest report, titled “Egypt LED Lighting Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027”, the market reached a value of US$ 406.3 Million in 2021. A light emitting diode (LED) is a lighting system that offers umpteen advantages, including minimum radiation emissions, high durability, low heat output and power consumption, and compact size. It consists of a semiconductor device, which emits light when electricity is passed through a microchip. LED lights have higher efficiency when compared with conventional light bulbs, due to which they are rapidly replacing incandescent and fluorescent lights across hospitals, educational institutes, retail centers, and residential buildings in Egypt.
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The growing awareness regarding the availability of energy-efficiency lighting systems and increasing environmental consciousness are some of the factors primarily driving the market growth across Egypt. Furthermore, the rising number of modern housing projects and favorable government regulations to reduce carbon emissions are accelerating the market growth. Other factors, such as the cost-efficiency of LED lighting and increasing consumer expenditure power, are creating a positive outlook for the market. Other than this, LEDs are increasingly being used in general lighting, aviation, medical devices, automotive headlamps, camera flashes, and traffic signals, which is anticipated to drive the market further toward growth. Looking forward, IMARC Group expects the Egypt LED lighting market to reach US$ 532.3 Million by 2027, exhibiting a CAGR of 4.5% during 2022-2027.
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As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviors of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
Competitive Landscape with Key Players:
- 3Brothers For Lighting & Engineering
- Delta Egypt Lighting
- Evergreen Solar Inc.
- Inter IKEA Systems B.V.
- Koninklijke Philips N.V.
- Siraj Lighting Company.
- LED Lamps and Modules
- LED Fixtures
Import and Domestic:
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Key highlights of the report:
- Market Performance (2016-2021)
- Market Outlook (2022-2027)
- Market Trends
- Market Drivers and Success Factors
- Impact of COVID-19
- Value Chain Analysis
- Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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