The Latin America, Middle East and Africa LED Lighting Market is expected to witness market growth of 13.3% CAGR during the forecast period (2021-2027).
Consumption of energy is high in traditional lighting and it also requires a glass bulb in order to contain necessary coatings and/or gases. For example, light is produced in fluorescent lamps by using a gas discharge that excites phosphors; high-intensity discharge (HID) lamps use an electric arc discharge, whereas incandescent lamps depend on a heated filament to produce light. But LEDs are capable of converting electrical energy directly into light energy, thus it consumes less power, and has higher reliability. In addition to it, LEDs have many advantages over traditional lighting such as small & compact size, prolonged durability, and less energy consumption. All these factors is expected to bolster the demand for LED in industrial and commercial sectors.
Though, LED lamps have various advantages, a major portion of the population still uses fluorescent lamps. Overall market share of fluorescent lamps is comparatively higher in comparison to architectural lighting products. This is due to the absence of awareness and understanding regarding the benefits of modern lighting solutions. This, as a result, is expected to inhibit the growth of the LED lighting market during the forecast years. Moreover, the advent of low-quality and low-priced lighting products with a low span of life and misinterpretations regarding modern lighting solutions being costly than incandescent lamps is expected to slow down the adoption of LED lighting in the next few years, particularly in developing countries like the Latin America.
The Brazil market dominated the LAMEA Industrial LED Lighting Market by Country 2020, thereby, achieving a market value of $418.4 million by 2027. The Argentina market is expected to witness a CAGR of 15.3% during (2021 - 2027). Additionally, The UAE market is expected to witness a CAGR of 14.4% during (2021 - 2027).
Based on Product, the market is segmented into Luminaires and Lamps. Luminaires segment is further categorized into Downlights, Streetlights, Troffers and Others. Lamps segment is further bifurcated across A Lamps, T Lamps and Others. Based on Application, the market is segmented into Indoor and Outdoor. Based on End User, the market is segmented into Commercial, Residential, Industrial and Others. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Dialight PLC, LSI Industries, Inc., Zumtobel Group AG, Heliospectra AB, Nichia Corporation, Seoul Semiconductor Co., Ltd., Lumileds Holding B.V., Signify N.V., Hubbell, Inc., and Acuity Brands Lighting, Inc.
Scope of the Study
Market Segments covered in the Report:
By Product
By Application
By End User
By Country
Companies Profiled
Unique Offerings from the Publisher
Consumption of energy is high in traditional lighting and it also requires a glass bulb in order to contain necessary coatings and/or gases. For example, light is produced in fluorescent lamps by using a gas discharge that excites phosphors; high-intensity discharge (HID) lamps use an electric arc discharge, whereas incandescent lamps depend on a heated filament to produce light. But LEDs are capable of converting electrical energy directly into light energy, thus it consumes less power, and has higher reliability. In addition to it, LEDs have many advantages over traditional lighting such as small & compact size, prolonged durability, and less energy consumption. All these factors is expected to bolster the demand for LED in industrial and commercial sectors.
Though, LED lamps have various advantages, a major portion of the population still uses fluorescent lamps. Overall market share of fluorescent lamps is comparatively higher in comparison to architectural lighting products. This is due to the absence of awareness and understanding regarding the benefits of modern lighting solutions. This, as a result, is expected to inhibit the growth of the LED lighting market during the forecast years. Moreover, the advent of low-quality and low-priced lighting products with a low span of life and misinterpretations regarding modern lighting solutions being costly than incandescent lamps is expected to slow down the adoption of LED lighting in the next few years, particularly in developing countries like the Latin America.
The Brazil market dominated the LAMEA Industrial LED Lighting Market by Country 2020, thereby, achieving a market value of $418.4 million by 2027. The Argentina market is expected to witness a CAGR of 15.3% during (2021 - 2027). Additionally, The UAE market is expected to witness a CAGR of 14.4% during (2021 - 2027).
Based on Product, the market is segmented into Luminaires and Lamps. Luminaires segment is further categorized into Downlights, Streetlights, Troffers and Others. Lamps segment is further bifurcated across A Lamps, T Lamps and Others. Based on Application, the market is segmented into Indoor and Outdoor. Based on End User, the market is segmented into Commercial, Residential, Industrial and Others. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Dialight PLC, LSI Industries, Inc., Zumtobel Group AG, Heliospectra AB, Nichia Corporation, Seoul Semiconductor Co., Ltd., Lumileds Holding B.V., Signify N.V., Hubbell, Inc., and Acuity Brands Lighting, Inc.
Scope of the Study
Market Segments covered in the Report:
By Product
- Luminaires
- Downlights
- Streetlights
- Troffers
- Others
- Lamps
- A Lamps
- T Lamps
- Others
By Application
- Indoor
- Outdoor
By End User
- Commercial
- Residential
- Industrial
- Others
By Country
- Brazil
- Argentina
- UAE
- Saudi Arabia
- South Africa
- Nigeria
- Rest of LAMEA
Companies Profiled
- Dialight PLC
- LSI Industries, Inc.
- Zumtobel Group AG
- Heliospectra AB
- Nichia Corporation
- Seoul Semiconductor Co., Ltd.
- Lumileds Holding B.V.
- Signify N.V.
- Hubbell, Inc.
- Acuity Brands Lighting, Inc.
Unique Offerings from the Publisher
- Exhaustive coverage
- Highest number of market tables and figures
- Subscription based model available
- Guaranteed best price
- Assured post sales research support with 10% customization free
Table of Contents
Chapter 1. Market Scope & Methodology
Chapter 2. Market Overview
Chapter 3. Competition Analysis - Global
Chapter 4. LAMEA LED Lighting Market by Product
Chapter 5. LAMEA LED Lighting Market by Application
Chapter 6. LAMEA LED Lighting Market by End Use
Chapter 7. LAMEA LED Lighting Market by Country
Chapter 8. Company Profiles
Companies Mentioned
- LSI Industries, Inc.
- Zumtobel Group AG
- Heliospectra AB
- Nichia Corporation
- Seoul Semiconductor Co., Ltd.
- Lumileds Holding B.V.
- Signify N.V.
- Hubbell, Inc.
- Acuity Brands Lighting, Inc.
Methodology
LOADING...
