Egypt LED Lighting Market Size, Share, Trends, Industry Analysis, Report 2023-2028
BROOKLYN, NY, USA, May 6, 2024 /EINPresswire.com/ — IMARC Group, a leading market research company, has recently releases report titled “Egypt LED Lighting Market Report by Product Type (LED Lamps and Modules, LED Fixtures), Application (Residential, Commercial, Industrial, and Others), End-User (Indoors, Outdoors), Import and Domestic (Import, Domestic), Distribution Channel (Online, Offline) 2024-2032”. The study provides a detailed analysis of the industry, including the Egypt LED lighting market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
How Big is the Egypt LED Lighting Market?
The Egypt LED lighting market size reached US$ 446.2 Million in 2023. Looking forward, IMARC Group expects the market to reach US$ 632.9 Million by 2032, exhibiting a growth rate (CAGR) of 3.8% during 2024-2032.
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Egypt LED Lighting Market Trends and Drivers:
The high adoption of energy efficiency technology with the rising awareness of the economic benefits associated with LED technologies are the factors responsible for the growth of the Egypt LED lighting market. Additionally, as part of its energy-saving and environmental sustainability plans, the government of Egypt has been actively promoting the adoption of LED lighting through various subsidies and programs, which is fueling the market. Besides this, LEDs are highly efficient, consume significantly less power than traditional lighting solutions, and have a longer lifespan, making them an attractive option for both the public and private sectors aiming to reduce energy costs and environmental impact, which is contributing to the expansion of the market.
Emerging trends in the Egypt LED lighting market include the integration of smart and connected lighting solutions, which offer enhanced energy management and customizable lighting environments. These technologies are becoming increasingly popular in commercial settings, smart city projects, and residential applications, driven by the global trend toward IoT and automation. In addition to this, there is a growing demand for aesthetically pleasing, high-quality light fixtures as urban infrastructure and real estate development continue to expand, particularly in new urban centers, thereby propelling the market. Furthermore, manufacturers and suppliers are responding to these market needs by diversifying their product portfolios to include a wide range of smart lighting solutions that are not only energy-efficient but also align with modern design preferences, which is anticipated to drive the Egypt LED lighting market over the forecasted period.
Leading Companies Operating in the Egypt LED Lighting Industry:
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
Key Market Report Segmentation:
The report is organized into distinct sections as follows:
Breakup by Product Type:
LED Lamps and Modules
LED Fixtures
Breakup by Application:
Residential
Commercial
Industrial
Others
Breakup by End-User:
Indoors
Outdoors
Breakup by Import and Domestic:
Import
Domestic
Breakup by Distribution Channel:
Online
Offline
Ask Analyst for Customization and Explore full report with TOC & List of Figures: https://www.imarcgroup.com/request?type=report&id=3285&flag=C
Other Key Points Covered in the Report:
COVID-19 Impact
Porters Five Forces Analysis
Value Chain Analysis
Strategic Recommendations
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.
About Us:
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.
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