The marketplace for Africa LED and OLED displays and lighting products in Africa was estimated to be worth US$ 684.9 Mn in 2015 and is anticipated to grow at a CAGR of 17.8% from 2016 to 2026. The expansion of the lighting goods market in Africa is being driven by rising government backing and the launch of new government programs for LED lighting.
The market for lighting goods in Africa is expanding, say experts at Future Market Insights, thanks to growing government support and the launch of new government programs for LED lighting. The development of the IFC and World Bank’s “Lighting Africa” initiative is a major factor in the region’s expanding market for lighting supplies. Africa’s market for LED and OLED displays is expanding as a result of factors like rising smartphone subscription rates and consumer spending on television services.
LED lighting products have a longer lifespan (about 50,000 hours of brightness) and are more energy-efficient than conventional bulbs and CFLs. Regarding factors like a longer lifespan, greater energy efficiency, and improved environmental sustainability, LED lighting goods compete with traditional products.
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Displays and lighting products are the two categories used to classify the market for LED and OLED products in Africa. The market is further divided into mobile displays, consumer TV displays, and outdoor LED displays based on display types. The African market is divided into sections based on product type and uses for lighting goods.
The market is further divided into LED bulbs, bare LED tubes, LED fixtures, and solar LED lighting based on the kind of product. Street lighting, down lighting, garden lighting, ceiling lighting, ornamental and portable lighting, and other types of lighting are some of the applications that the industry is divided into.
Market highlights
- The consumer TV displays sub-segment was valued at US$ 130.2 Mn in 2015 and is anticipated to register a CAGR of 18.8% during the forecast period. The introduction of off-grid solar-powered television for rural areas of the African region is expected to drive the growth of this market during the forecast period.
- The LED bulbs sub-segment accounted for the highest market share and was valued at US$ 193.9 Mn in 2015. However, the solar LED lighting sub-segment is expected to register a healthy CAGR of 28.6% during the forecast period.
- Among applications, the street lighting segment accounted for the highest market share in 2015, occupying 37.6% share of the African lighting products market.
Regional Insights
This report also covers trends driving each segment and offers analysis and insights regarding the potential of the Africa LED and OLED displays and lighting products market in some key countries including Nigeria, Ethiopia, Egypt, Congo, South Africa, Tanzania, Kenya, Algeria, Sudan, Morocco, Niger, Tunisia, and Gabon. Among these countries, Nigeria accounted for the largest market share in 2015, owing to the development of telecommunications infrastructure and increasing internet governance, which in turn is driving the smartphone penetration in the country.
Table of Content
1. Africa LED & OLED Displays and Lighting Products Market – Executive Summary
2. Assumptions & Acronyms Used
3. Research Methodology
4. Market Overview
4.1. Introduction
4.1.1. Market Definition
4.1.2. Market Taxonomy
4.2. Africa LED & OLED Displays and Lighting Products Market Dynamics
4.2.1. Drivers
4.2.2. Restraints
4.2.3. Opportunities
4.2.4. Trends
4.3. Africa LED & OLED Displays and Lighting Products Market Forecast, 2016-2022
4.3.1. Market Value and Y-o-Y Growth
4.3.2. Absolute $ Opportunity
4.3.3. Market Volume Forecast
4.4. Africa LED & OLED Displays and Lighting Products Market Snapshot (2015)
4.4.1. Market Overview By Displays
4.4.2. Market Overview By Lighting Products
4.4.3. Market Overview By Countries
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About Future Market Insights, Inc.
Future Market Insights, Inc. (ESOMAR certified, Stevie Award – recipient market research organization, and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments based on Source, Application, Sales Channel, and End Use over the next 10 years.
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