Middle East and Africa LED Lighting Market Size

The Middle East and Africa LED Lighting Market is projected to experience growth over the forecast period, with the industrial and warehouse segment holding the largest value share, while the residential segment leads in volume share. The region's economic transition from oil dependency to a diversified economy, driven by industrialization and foreign investment, is expected to boost demand for LED lighting. Additionally, the robust real estate market and government initiatives to enhance manufacturing and industrialization further contribute to the anticipated expansion of the market size.

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Middle East and Africa LED Lighting Market Summary
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svg icon Study Period 2017 - 2030
svg icon Base Year For Estimation 2023
svg icon Market Size (2024) USD 3.08 Billion
svg icon Market Size (2030) USD 3.95 Billion
svg icon Largest Share by Indoor Lighting Industrial and Warehouse
svg icon CAGR (2024 - 2030) 4.21 %

Major Players

Middle East and Africa LED Lighting Market Major Players

*Disclaimer: Major Players sorted in no particular order

Key Players

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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

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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

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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

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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

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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

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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.
Middle East and Africa LED Lighting Market

Middle East and Africa LED Lighting Industry Segmentation

Agricultural Lighting, Commercial, Industrial and Warehouse, Residential are covered as segments by Indoor Lighting. Public Places, Streets and Roadways, Others are covered as segments by Outdoor Lighting. Daytime Running Lights (DRL), Directional Signal Lights, Headlights, Reverse Light, Stop Light, Tail Light, Others are covered as segments by Automotive Utility Lighting. 2 Wheelers, Commercial Vehicles, Passenger Cars are covered as segments by Automotive Vehicle Lighting.

  • 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.
Indoor Lighting
Agricultural Lighting
Commercial
Office
Retail
Others
Industrial and Warehouse
Residential
Outdoor Lighting
Public Places
Streets and Roadways
Others
Automotive Utility Lighting
Daytime Running Lights (DRL)
Directional Signal Lights
Headlights
Reverse Light
Stop Light
Tail Light
Others
Automotive Vehicle Lighting
2 Wheelers
Commercial Vehicles
Passenger Cars
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Middle East and Africa LED Lighting Market Size Summary

The Middle East and Africa LED Lighting Market is experiencing a notable expansion, driven by a shift towards diversified economic activities and increased industrialization. The region's economy is transitioning from a reliance on oil and gas exports to a more varied economic structure, with significant investments in industrial, manufacturing, and logistics sectors. This shift is attracting foreign companies and boosting demand for consumer goods, which in turn is propelling the growth of the LED lighting market. The industrial and warehouse segment currently holds a significant share in terms of value, while the residential segment leads in volume. The real estate market in the Middle East, particularly in countries like Saudi Arabia and the United Arab Emirates, remains robust, further fueling the demand for LED lighting as new projects are planned and constructed.

In Africa, governments are actively promoting industrialization and manufacturing to stimulate economic growth, leading to the establishment of Special Economic Zones and new industrial policies. This has intensified competition for foreign investment and is expected to increase the demand for LED lighting. The growing population and household sizes in the region, particularly in countries like Saudi Arabia and South Africa, are also contributing to the rising demand for LED illumination. Additionally, sustainability campaigns and government initiatives in countries like the UAE and South Africa are encouraging the adoption of energy-efficient lighting solutions, further boosting the market. The LED lighting market in the Middle East and Africa is characterized by fragmentation, with several key players such as Al Nasser Group, EGLO Leuchten GmbH, and Signify (Philips) leading the industry.

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Middle East and Africa LED Lighting Market Size - Table of Contents

  1. 1. MARKET SEGMENTATION (includes market size in Value in USD and Volume, Forecasts up to 2030 and analysis of growth prospects)

    1. 1.1 Indoor Lighting

      1. 1.1.1 Agricultural Lighting

      2. 1.1.2 Commercial

        1. 1.1.2.1 Office

        2. 1.1.2.2 Retail

        3. 1.1.2.3 Others

      3. 1.1.3 Industrial and Warehouse

      4. 1.1.4 Residential

    2. 1.2 Outdoor Lighting

      1. 1.2.1 Public Places

      2. 1.2.2 Streets and Roadways

      3. 1.2.3 Others

    3. 1.3 Automotive Utility Lighting

      1. 1.3.1 Daytime Running Lights (DRL)

      2. 1.3.2 Directional Signal Lights

      3. 1.3.3 Headlights

      4. 1.3.4 Reverse Light

      5. 1.3.5 Stop Light

      6. 1.3.6 Tail Light

      7. 1.3.7 Others

    4. 1.4 Automotive Vehicle Lighting

      1. 1.4.1 2 Wheelers

      2. 1.4.2 Commercial Vehicles

      3. 1.4.3 Passenger Cars

Middle East and Africa LED Lighting Market Size FAQs

The Middle East and Africa LED Lighting Market size is expected to reach USD 3.08 billion in 2024 and grow at a CAGR of 4.21% to reach USD 3.95 billion by 2030.

In 2024, the Middle East and Africa LED Lighting Market size is expected to reach USD 3.08 billion.

Middle East LED Lighting Market Report Snapshots

Middle East and Africa LED Lighting Market SIZE & SHARE ANALYSIS - GROWTH TRENDS & FORECASTS UP TO 2030