Egypt LED Lighting Market

Egypt LED Lighting Market is predicted to grow at faster CAGR during the forecast period due to the high energy efficiency less heat, lighter, and lower cost. It also uses low electricity for the same light output that is 85% less electricity than conventional lights along with around 18% less electricity compared to CFL.

Egypt LED Lighting Market Overview

The Light-emitting diode (LED) is the most efficient and rapidly developing lighting technology. LED bulbs with quality that last longer are more durable and offer better-quality lighting than other types of lighting. A light is being produced by an LED bulb bypassing the electric current through a semiconducting material-the diode.

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Major Egypt LED Lighting Market Drivers

The Egypt LED Lighting market factors due to high energy efficiency less heat, more light, and lower cost. It also uses low electricity for the same light output that is 85% less electricity than conventional lights along with around 18% less electricity compared to CFL. For instance, Egyptian government plans to save 20 billion energy subsidies. Moreover, saving more energy adds lower CO2 emissions, a win-win for consumers and the environment—these products are compliment to renewable energy sources such as solar panels or wind power. In addition, investment in R&D activities has made LED lighting more efficient for future lightings, such as LED strips, downlights, and luminaries. With the falling prices of LED products, long-term increases in energy costs tied with improving the efficiency of LEDs, with more light for each unit of energy, the argument for switching to LED is now very compelling as payback periods become shorter. These factors will further grow the market for Egypt LED lighting. Furthermore, The Egyptian Electricity Transmission Company announced to invest about USD 480 million during the 2020-21 fiscal year, which will positively affect the market growth for the LED market in Egypt.

Restraint in the Egypt LED Lighting Market

However, the cost associated with the installation and the emergence of alternative technologies can hamper the market growth.

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Product Type – Segment Analysis

Based on the Product Type, the LED fixtures segment is expected to grow at the highest rate in the Egypt LED lighting market during the forecast period. LED fixtures are built to last up to 25 times longer than traditional bulbs such as halogen and 8 to 10 times longer than CFL with 72% to 80% saving. Companies such as 3Brothers For Lighting & Engineering, 7Lights Company and others are some of the key players in the LED lighting market in Egypt.

End-User – Segment Analysis

Based on the end-user, the indoor lighting segment is projected to be the fastest growing market share over the forecast period in the Egypt LED lighting market. The improving living standard have led to the increasing expenses on high-end home decor items, including LED-based table lamps, pendant lights, floor lights, and others have propelled the market growth. The increasing urbanization and rising modern house trends have raised the demand for indoor lighting in Egypt.

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Key Developments:

• • In 2021, Siraj Lighting has signed a memorandum of understanding with the Electronics Research Institute (ERI)and the Industrial Modernization Centre, (IMC). The objective of the MoU is to provide advance lighting solutions to the local market with highest technology through R&D.
  • In 2019, Philips implemented its new company name in Egypt called Signify. The company also partnered with the Egyptian Ministry of Antiquities to illuminate Cairo’s Mohamed Ali Palace with more than 600 LED lamps and 80 floodlights and up lights.

Segments covered in the Report:

The Egypt LED Lighting market has been segmented on the basis of Product Type, End-User, and Application. Based on Product Type, the market is segmented into LED Lamps and Modules, LED Fixtures, Luminaries. Based on End-User, the market is segmented into Outdoor Lighting, Indoor Lighting. Based on Application, the market is segmented into Residential, Commercial, Industrial, Others.

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Market Segmentation

Egypt LED Lighting Market by Product Type

• • LED Lamps and Modules
  • LED Fixtures
  • Luminaries

Egypt LED Lighting Market by End-User

• • Outdoor Lighting
  • Indoor Lighting

Egypt LED Lighting Market by Application

• • Residential
  • Commercial
  • Industrial
  • Others