Middle East & Africa Architectural Lighting Market Size & Outlook
Middle East & Africa architectural lighting market, 2018-2030 (US$M)
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MEA architectural lighting market highlights
- The MEA architectural lighting market generated a revenue of USD 834.5 million in 2023.
- The market is expected to grow at a CAGR of 8.9% from 2024 to 2030.
- In terms of segment, ballasts was the largest revenue generating component in 2023.
- Lamps is the most lucrative component segment registering the fastest growth during the forecast period.
- Country-wise, South Africa is expected to register the highest CAGR from 2024 to 2030.
MEA data book summary
| Market revenue in 2023 | USD 834.5 million |
| Market revenue in 2030 | USD 1,512.4 million |
| Growth rate | 8.9% (CAGR from 2023 to 2030) |
| Largest segment | Ballasts |
| Fastest growing segment | Lamps |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Lamp Holders, Ballasts, Lamps, Lenses/Shades, Trims, Wiring, Reflectors |
| Key market players worldwide | Acuity Brands Inc, GE Aerospace, Hubbell Inc, Ams-OSRAM AG, Panasonic Holdings Corp, Signify NV, Zumtobel Group AG ADR, Feilo Sylvania, Seoul Semiconductor, Cree Lighting, Delta Light, GVA Lighting, Siteco, TCP Lighting |
Other key industry trends
- In terms of revenue, MEA region accounted for 8.8% of the global architectural lighting market in 2023.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- MEA is the fastest growing regional market and is projected to reach USD 1,512.4 million by 2030.
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Architectural Lighting Market Scope
Architectural Lighting Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Middle East & Africa architectural lighting market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to architectural lighting market will help companies and investors design strategic landscapes.
Ballasts was the largest segment with a revenue share of 21.47% in 2023. Horizon Databook has segmented the Middle East & Africa architectural lighting market based on lamp holders, ballasts, lamps, lenses/shades, trims, wiring, reflectors covering the revenue growth of each sub-segment from 2018 to 2030.
The MEA architectural lighting market is expected to register a significant CAGR over the forecast period. The region has been witnessing an increasing adoption of LED architectural lighting as governments in Middle East & Africa are aggressively pursuing initiatives to encourage the adoption of energy-efficient lighting.
For instance, in June 2023, Shoprite Holdings Ltd., a retailer based in South Africa, announced that it saved USD 17.5 billion in electricity costs in the financial year 2022-2023 as a result of the installation of LED lighting across its stores located across 11 countries in Africa. The company had installed 1,001,932 LED lightbulbs across its 1,647 distribution centers and supermarkets.
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Our clientele includes a mix of architectural lighting market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Middle East & Africa architectural lighting market , including forecasts for subscribers. This continent databook contains high-level insights into Middle East & Africa architectural lighting market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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MEA architectural lighting market size, by country, 2018-2030 (US$M)
Middle East & Africa Architectural Lighting Market Outlook Share, 2023 & 2030 (US$M)
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