The Latin America, Middle East and Africa Electric Lighting Equipment Market should witness market growth of 9.1% CAGR during the forecast period (2023-2030). In the year 2026, the LAMEA market's volume is expected to surge to 36.8 million units, showcasing a growth of 11.3% (2023-2030).
With the population growth, more people are using light in activities like photography, interior design, and other uses. Numerous scientists have supported using LEDs in plant growth with empirical evidence. Demand for LED lighting is high because it produces white light by converting electricity into light by utilizing the qualities of metals, which is essential for plant growth and development. In addition, companies in the lighting industry tend to produce and sell lights (LEDs and CFLs) for low prices so that people can afford them and use them for a long time. As a result, this will help the market to grow and thrive in the near future.
The three primary categories of electrical lighting equipment include backlighting, vehicle lighting, and general lighting. Automotive lighting comprises lighting and signaling components located on the rear, front, sides, and, occasionally, top of the vehicle. It provides the driver with the illumination of the road. Additionally, the lighting system enhances visibility, particularly in low light. It signals a vehicle's presence and direction to other cars and pedestrians.
Abu Dhabi and Dubai are among the top 50 Smart Cities in the world, because of projects like the government's digital transformation, Smart Dubai, and Expo 2020 Dubai, one of the greatest connected events globally. Using information and Internet of Things technology, the Smart Cities & Artificial Intelligence Plan (2018-2022) aims to manage infrastructure in smart cities. The UAE government announced plans to implement several projects as part of the Projects of the 50 initiatives, aiming to attract $149.8 billion in foreign direct investment (FDI) over the following nine years. These projects will accelerate the UAE's economic development and transform the nation into a comprehensive hub for all sectors in the LAMEA region.
The Brazil market dominated the LAMEA Electric Lighting Equipment Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $3.4 billion by 2030. The Argentina market is poised to grow at a CAGR of 9.7% during (2023-2030). Additionally, The UAE market would exhibit a CAGR of 8.8% during (2023-2030).
Based on Type, the market is segmented into General Lighting, Automotive Lighting and Back Lighting. Based on Sales Channel, the market is segmented into Offline and Online. Based on Application, the market is segmented into Residential, Commercial 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 Hubbell Incorporated, Eaton Corporation PLC, Stanley Electric Co. Ltd., Acuity Brands Lighting, Inc., ams-OSRAM AG, Savant Systems, Inc., Toshiba Corporation, Nichia Corporation, Everlight Electronics Co., Ltd., and Signify N.V.
With the population growth, more people are using light in activities like photography, interior design, and other uses. Numerous scientists have supported using LEDs in plant growth with empirical evidence. Demand for LED lighting is high because it produces white light by converting electricity into light by utilizing the qualities of metals, which is essential for plant growth and development. In addition, companies in the lighting industry tend to produce and sell lights (LEDs and CFLs) for low prices so that people can afford them and use them for a long time. As a result, this will help the market to grow and thrive in the near future.
The three primary categories of electrical lighting equipment include backlighting, vehicle lighting, and general lighting. Automotive lighting comprises lighting and signaling components located on the rear, front, sides, and, occasionally, top of the vehicle. It provides the driver with the illumination of the road. Additionally, the lighting system enhances visibility, particularly in low light. It signals a vehicle's presence and direction to other cars and pedestrians.
Abu Dhabi and Dubai are among the top 50 Smart Cities in the world, because of projects like the government's digital transformation, Smart Dubai, and Expo 2020 Dubai, one of the greatest connected events globally. Using information and Internet of Things technology, the Smart Cities & Artificial Intelligence Plan (2018-2022) aims to manage infrastructure in smart cities. The UAE government announced plans to implement several projects as part of the Projects of the 50 initiatives, aiming to attract $149.8 billion in foreign direct investment (FDI) over the following nine years. These projects will accelerate the UAE's economic development and transform the nation into a comprehensive hub for all sectors in the LAMEA region.
The Brazil market dominated the LAMEA Electric Lighting Equipment Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $3.4 billion by 2030. The Argentina market is poised to grow at a CAGR of 9.7% during (2023-2030). Additionally, The UAE market would exhibit a CAGR of 8.8% during (2023-2030).
Based on Type, the market is segmented into General Lighting, Automotive Lighting and Back Lighting. Based on Sales Channel, the market is segmented into Offline and Online. Based on Application, the market is segmented into Residential, Commercial 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 Hubbell Incorporated, Eaton Corporation PLC, Stanley Electric Co. Ltd., Acuity Brands Lighting, Inc., ams-OSRAM AG, Savant Systems, Inc., Toshiba Corporation, Nichia Corporation, Everlight Electronics Co., Ltd., and Signify N.V.
Scope of the Study
By Type (Volume, Million Units, USD Million, 2019-2030)
- General Lighting
- Automotive Lighting
- Back Lighting
By Sales Channel (Volume, Million Units, USD Million, 2019-2030)
- Offline
- Online
By Application (Volume, Million Units, USD Million, 2019-2030)
- Residential
- Commercial
- Others
By Country (Volume, Million Units, USD Million, 2019-2030)
- Brazil
- Argentina
- UAE
- Saudi Arabia
- South Africa
- Nigeria
- Rest of LAMEA
Key Market Players
List of Companies Profiled in the Report:
- Hubbell Incorporated
- Eaton Corporation PLC
- Stanley Electric Co. Ltd.
- Acuity Brands Lighting, Inc.
- ams-OSRAM AG
- Savant Systems, Inc.
- Toshiba Corporation
- Nichia Corporation
- Everlight Electronics Co., Ltd.
- Signify N.V.
Unique Offerings
- Exhaustive coverage
- The 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 at a Glance
Chapter 3. Market Overview
Chapter 4. Competition Analysis - Global
Chapter 5. LAMEA Electric Lighting Equipment Market by Type
Chapter 6. LAMEA Electric Lighting Equipment Market by Sales Channel
Chapter 7. LAMEA Electric Lighting Equipment Market by Application
Chapter 8. LAMEA Electric Lighting Equipment Market by Country
Chapter 9. Company Profiles
Companies Mentioned
- Hubbell Incorporated
- Eaton Corporation PLC
- Stanley Electric Co. Ltd.
- Acuity Brands Lighting, Inc.
- ams-OSRAM AG
- Savant Systems, Inc.
- Toshiba Corporation
- Nichia Corporation
- Everlight Electronics Co., Ltd.
- Signify N.V.
Methodology
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