Market Size of middle east and africa indoor led lighting Industry
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Study Period | 2017 - 2030 |
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Market Size (2024) | USD 2.13 Billion |
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Market Size (2030) | USD 2.66 Billion |
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Largest Share by Indoor Lighting | Industrial and Warehouse |
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CAGR (2024 - 2030) | 3.79 % |
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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 Indoor LED Lighting Market Analysis
The Middle East and Africa Indoor LED Lighting Market size is estimated at 2.13 billion USD in 2024, and is expected to reach 2.66 billion USD by 2030, growing at a CAGR of 3.79% during the forecast period (2024-2030).
2.13 Billion
Market Size in 2024 (USD)
2.66 Billion
Market Size in 2030 (USD)
3.05 %
CAGR (2017-2023)
3.79 %
CAGR (2024-2030)
Largest Segment by Indoor Lighting
38.13 %
value share, Industrial and Warehouse, 2023
The region is striving towards a healthy industrial, manufacturing, and logistics sector from dependence on oil and gas exports to a more diversified economy.
Largest Segment by Commercial
31.03 %
value share, Retail, 2023
The MEA e-commerce market was valued at around USD 37 billion in 2022 due to the increased use of digital channels. This further increased the sales of retail products in the region.
Fastest-growing Segment by Indoor Lighting
7.59 %
Projected CAGR, Agricultural Lighting, 2024-2030
Agriculture contributes 13% of the GDP in the Middle East. Given the climate and increasing population, greenhouse and vertical farming is on the rise.
Fastest-growing Segment by Commercial
4.25 %
Projected CAGR, Retail, 2024-2030
In Kenya, the number of stores increased by 54% over the last five years, with over 2,000 shopping centers in South Africa, implying significant sales of retail products in the region.
Leading Market Player
10.79 %
market share, Signify (Philips), 2022
Signify has primarily focused on further developing highly efficient lighting systems with the help of technological advancements. These solutions improve the company's footprint and increase global significance.
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
Middle East and Africa Indoor LED Lighting Industry Segmentation
Agricultural Lighting, Commercial, Industrial and Warehouse, Residential are covered as segments by Indoor 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 | |||||
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| Industrial and Warehouse | |||||
| Residential |
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Middle East and Africa Indoor LED Lighting Market Size Summary
The Middle East and Africa Indoor LED Lighting Market is experiencing a notable transformation, driven by the region's economic diversification and urbanization efforts. The market is characterized by a significant shift from traditional lighting solutions to energy-efficient LED systems, spurred by government initiatives and sustainability campaigns. The industrial and warehouse segments dominate the market in terms of value, reflecting the region's robust industrial and manufacturing sectors. This is complemented by a growing demand in the residential sector, fueled by increasing household sizes and urban development. The Middle East's real estate boom, particularly in countries like Saudi Arabia and the United Arab Emirates, further propels the demand for LED lighting solutions. Additionally, the expansion of Special Economic Zones and the push for industrialization across Africa are creating new opportunities for market growth.
The market landscape is competitive and fragmented, with key players such as Al Nasser Group, EGLO Leuchten GmbH, LEDVANCE GmbH, OPPLE Lighting Co. Ltd, and Signify (Philips) leading the charge. These companies are innovating and expanding their product offerings to cater to the diverse needs of the region. Government policies and programs aimed at reducing energy consumption and promoting sustainable practices are pivotal in driving the adoption of LED lighting. For instance, initiatives in Saudi Arabia and the UAE focus on retrofitting streetlights and encouraging residential and commercial sectors to switch to LED solutions. As the region continues to evolve, the indoor LED lighting market is poised for steady growth, supported by economic development, population growth, and a strong emphasis on energy efficiency.
Middle East and Africa Indoor LED Lighting Market Size - Table of Contents
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1. MARKET SEGMENTATION (includes market size in Value in USD and Volume, Forecasts up to 2030 and analysis of growth prospects)
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1.1 Indoor Lighting
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1.1.1 Agricultural Lighting
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1.1.2 Commercial
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1.1.2.1 Office
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1.1.2.2 Retail
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1.1.2.3 Others
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1.1.3 Industrial and Warehouse
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1.1.4 Residential
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Middle East and Africa Indoor LED Lighting Market Size FAQs
How big is the Middle East and Africa Indoor LED Lighting Market?
The Middle East and Africa Indoor LED Lighting Market size is expected to reach USD 2.13 billion in 2024 and grow at a CAGR of 3.79% to reach USD 2.66 billion by 2030.
What is the current Middle East and Africa Indoor LED Lighting Market size?
In 2024, the Middle East and Africa Indoor LED Lighting Market size is expected to reach USD 2.13 billion.
