Middle East & Africa Led Driver Market Size & Outlook
Middle East & Africa led driver market, 2017-2030 (US$M)
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MEA led driver market highlights
- The MEA led driver market generated a revenue of USD 8,514.8 million in 2023.
- The market is expected to grow at a CAGR of 8.3% from 2024 to 2030.
- In terms of segment, driver ic was the largest revenue generating component in 2023.
- Driver IC is the most lucrative component segment registering the fastest growth during the forecast period.
- Country-wise, UAE is expected to register the highest CAGR from 2024 to 2030.
MEA data book summary
| Market revenue in 2023 | USD 8,514.8 million |
| Market revenue in 2030 | USD 14,899.7 million |
| Growth rate | 8.3% (CAGR from 2023 to 2030) |
| Largest segment | Driver ic |
| Fastest growing segment | Driver IC |
| Historical data covered | 2017 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Driver IC, Discrete Component |
| Key market players worldwide | Microchip Technology Inc, Cree LED, Hubbell Inc, Signify NV, Samsung Electronics Co Ltd, Lutron Electronics, Macroblock, Analog Devices Inc, NXP Semiconductors NV, Onsemi Intelligent Technology, Ams-OSRAM AG, Rohm Co Ltd, STMicroelectronics NV, Texas Instruments Inc, Eaglerise Electric & Electronic, Ace Led Light Co. |
Other key industry trends
- In terms of revenue, MEA region accounted for 17.2% of the global led driver market in 2023.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- North America is the fastest growing regional market and is projected to reach USD 22,504.7 million by 2030.
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LED Driver Market Scope
LED Driver Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Middle East & Africa led driver 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 led driver market will help companies and investors design strategic landscapes.
Driver ic was the largest segment with a revenue share of 42.25% in 2023. Horizon Databook has segmented the Middle East & Africa led driver market based on driver ic, discrete component covering the revenue growth of each sub-segment from 2017 to 2030.
The growing infrastructure expansions in the retail, commercial, and industrial sectors are driving the LED lighting market in the Middle East and Africa. Because LED lights do not release greenhouse gases like carbon dioxide, nitrous oxide, methane, or chlorofluorocarbons, they are seeing an increase in demand in the country's current and upcoming green building projects, which is helping the LED lighting market grow.
The UAE government has taken steps to promote the sale of energy-efficient lighting goods, such as LED lights, and to prohibit the use of ineffective light bulbs, consequently increasing requirement for LED lighting in the country.
Growing population, rising disposable income, expanding tourism, fast urbanization, the formation of malls, and enormous construction boom are all driving the LED lighting industry in the Middle East.
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Our clientele includes a mix of led driver market companies, investment firms, advisory firms & academic institutions.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of continent-level data and insights on the Middle East & Africa led driver market , including forecasts for subscribers. This continent databook contains high-level insights into Middle East & Africa led driver market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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MEA led driver market size, by country, 2017-2030 (US$M)
Middle East & Africa LED Driver Market Outlook Share, 2023 & 2030 (US$M)
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