Middle East and Africa Tunnel Lighting Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Design, Installation, Type, and Application

Surface Mounted Segment to Dominate MEA Tunnel Lighting Market during 2021-2028

According to a new market research study on “MEA Tunnel Lighting Market to 2028 - COVID-19 Impact and Regional Analysis and Forecast by Design, Installation, Type, and Application” is expected to reach US$ 134.53 million by 2028 from US$ 88.73 million in 2021. The market is estimated to grow at a CAGR of 6.1% from 2021 to 2028. The report provides trends prevailing in the MEA tunnel lighting market along with the drivers and restraints pertaining to the market growth. Surge in use of LEDs is the major factor driving the growth of the MEA tunnel lighting market. However, issues associated with the great cost of tunnel lighting system hinder the growth of MEA tunnel lighting market.

The MEA tunnel lighting market is segmented based on design, installation, type, application, and country. Based on design, the tunnel lighting market is sub-segmented into standard and customized. The standard segment dominated the market in 2020 and customized segment is expected to be the fastest growing during the forecast period. Based on installation, the tunnel lighting market is categorized into surface mounted, hanging, recessed/side wall mounted. The surface mounted dominated the market in 2020 and hanging segment is expected to be the fastest growing during the forecast period. Based on type, the market is segmented into LED lighting, incandescent lighting, fluorescent lighting, and others. The LED lighting segment dominated the market in 2020 and incandescent lighting segment is expected to be the fastest growing during the forecast period. Based on application, the market is segmented into mining tunnels, roadway tunnels, railway tunnels, and others. The mining tunnels segment dominated the market in 2020 and is expected to be the fastest growing during the forecast period. Based on country, the market has been segmented into South Africa, Saudi Arabia, Egypt, and Nigeria.

The major countries in the MEA facing the economic impact of COVID-19 pandemic include Saudi Arabia, the UAE, Egypt, Morocco, and Kuwait. The region is projected to register a swift decline in manufacturing activities due to industries shutting down and technology innovations coming to a halt across entire Middle East and Africa region; this can be attributed to lowered production activities and disruption of manufacturing in many countries in these regions. Irrespective of the previous projections regarding steady growth of the tunnel lighting market in the MEA due to escalating demand of LEDs, to enhance resource utilization, improve efficiencies, and enhance driver safety, in Saudi Arabia and the UAE, the imposition of travel restrictions and disruption of supply chains are limiting the tunnel lighting market growth to a certain extent. The impact of the COVID-19 pandemic on this market has been huge both as a merit and demerit. However, it will certainly see a heavy rise after the pandemic.

Aeon Lighting Technology Inc. Cree Lighting, Signify Holding (Philips), Siteco GmbH, Thorlux Lighting, and Tungsram among the leading companies in the MEA tunnel lighting market. The companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market. The companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market. For instance, in 2020, Tungsram Group agreed to install illumination at the “Tnel de Tresponts” in Catalunya, Spain. The project is the Budapest-based company's sixth tunnel lighting contract in Spain in 2020, a significant accomplishment given the country's economic challenges caused by the coronavirus outbreak

Reasons to buy:

• Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the MEA Tunnel Lighting market
• Highlights key business priorities in order to assist companies to realign their business strategies
• The key findings and recommendations highlight crucial progressive industry trends in the MEA Tunnel Lighting market, thereby allowing players across the value chain to develop effective long-term strategies
• Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
• Scrutinize in-depth MEA market trends and outlook coupled with the factors driving the Tunnel Lighting market, as well as those hindering it
• Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution