Market Size of middle east and africa led lighting Industry
| Icons | Lable | Value |
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Study Period | 2017 - 2030 |
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Market Size (2024) | USD 3.08 Billion |
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Market Size (2030) | USD 3.95 Billion |
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Largest Share by Indoor Lighting | Industrial and Warehouse |
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CAGR (2024 - 2030) | 4.21 % |
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Market Concentration | Low |
Major Players |
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*Disclaimer: Major Players sorted in no particular order |
Middle East and Africa LED Lighting Market Analysis
The Middle East and Africa LED Lighting Market size is estimated at 3.08 billion USD in 2024, and is expected to reach 3.95 billion USD by 2030, growing at a CAGR of 4.21% during the forecast period (2024-2030).
3.08 Billion
Market Size in 2024 (USD)
3.95 Billion
Market Size in 2030 (USD)
2.00 %
CAGR (2017-2023)
4.21 %
CAGR (2024-2030)
Largest Segment by Automotive Utility Lighting
62.91 %
value share, Headlights, 2023
The total sales of LEDs in this category were expected to reach USD 44.3 million by 2023. The EV sales are expected to cater to the demand for headlights, especially in MEA region.
Largest Segment by Automotive Vehicle Lighting
72.03 %
value share, Passenger Cars, 2023
In Africa, in 2022, African motorists purchased around 790,100 passenger cars compared to 6,65,100 in 2020 and 8,83,120 units in 2019.
Largest Segment by Indoor Lighting
38.13 %
value share, Industrial and Warehouse, 2023
The region continues to transition from dependence on oil and gas exports to a more diversified economy such as industrial, manufacturing, and logistics.
Largest Segment by Outdoor Lighting
55.11 %
value share, Public Places, 2023
The landscape is still evolving in Dubai and Abu Dhabi which feature the region's best water and branded theme parks. SeaWorld Abu Dhabi was anticipated to open in 2023.
Leading Market Player
10.46 %
market share, Signify (Philips), 2022
In March 2022, Signify and Perfect Plants expanded their collaboration on grow lights. Perfect Plants has branches in the Netherlands, Canada, and South Africa.
Increasing development in the industrial sector and residential sector drives market growth
- In terms of value share, in 2023, the industrial and warehouse segment accounted for the majority of the share, followed by commercial and residential. The Middle East economy relies heavily on purpose-built processing, production, and logistics facilities. In addition, the local market is becoming a magnet for foreign industrial and manufacturing companies due to strong demand for consumer goods and tax incentives. Healthy industrial, manufacturing, and logistics industries are critical for the future of the region's economy as it continues to transition from dependence on oil and gas exports to a more diversified economy.
- In terms of volume share, in 2023, the residential segment accounted for the majority of the share, followed by commercial and industrial and warehouse. Governments across Africa have stepped up efforts to boost manufacturing and industrialization to spur economic growth after the pandemic. This intensified competition for foreign investment, introducing new industrial policies and the subsequent expansion of Special Economic Zones (SEZs) across the continent.
- The Middle East real estate market was expected to remain strong in 2023 due to high oil prices and economic growth. The total value of real estate projects currently planned or under construction is estimated at USD 1.36 trillion. Saudi Arabia accounts for 64.5% of the total, or about USD 877 billion, followed by the United Arab Emirates, with 21.6% or USD 293 billion. Similarly, the Ugandan government has stepped up its efforts to promote industrialization by announcing plans to expand the Kampala Industrial and Business Park (KIBP) by 4 million square meters. The above instances are expected to create more demand for indoor LEDs in the coming years.
Understand The Key Trends Shaping This Market
