Africa LED & OLED displays and lighting products market is likely to secure a CAGR of 15% through 2032

The Africa LED and OLED displays and lighting products market was valued at US$ 684.9 Mn in 2015 and is expected to expand at a CAGR of 17.8% during the forecast period (2016–2026). Increasing government support and introduction of new government projects for LED lighting is driving the growth of the lighting products market in Africa.

Continuous progression on Lighting Africa (IFC & World Bank Initiative), is further fuelling the growth of the lighting products market in the region. The Africa LED & OLED displays and lighting products market stood at 30.9 Mn units in 2015 and is anticipated to reach a market volume of 206.7 Mn units by the end of 2026.

The light-emitting diode (LED) is one of today’s most energy-efficient and rapidly-developing lighting technologies. LEDs are smaller and have a comparatively long operating life along with lower cost of ownership compared to conventional lighting technologies. The prices of LED lighting products are reducing continuously and these lighting products are becoming the economic choice in both indoor and outdoor applications.

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LED lighting products offer extended lifespan – around 50,000 hours of brightness – and work effectively while consuming less energy than traditional bulbs and CFLs. LED lighting products compete with traditional products with regard to parameters such as longer lifespan, energy efficiency, enhanced environmental friendliness, better durability, lower heat, and smaller size.

The Africa LED and OLED products market is categorized on the basis of displays and lighting products. On the basis of displays, the market is further segmented as mobile displays, consumer TV displays and outdoor LED displays. On the basis of lighting products, the Africa market is segmented as product type and applications. By product type, the market is sub-segmented into LED bulbs, bare LED tubes, LED fixtures and solar LED lighting. By applications, the market is sub-segmented as street lighting, down lighting, garden lighting, ceiling lighting, decorative and portable lighting, and others.

Market highlights

  • The consumer TV displays sub-segment was valued US$ 130.2 Mn in 2015 and is anticipated to register a CAGR of 18.8% during the forecast period. Introduction of off-grid solar powered television for rural areas of African region is expected to drive the growth of this market during the forecast period.
  • The LED bulbs sub-segment accounted for highest market share and was valued at US$ 193.9 Mn in 2015. However, the solar LED lighting sub-segment is expected to register a healthy CAGR of 28.6% during the forecast period.
  • Among applications, the street lighting segment accounted for the highest market share in 2015, occupying 37.6% share of the African lighting products market.

Regional insights

This report also covers trends driving each segment and offers analysis and insights regarding the potential of the Africa LED and OLED displays and lighting products market in some key countries including Nigeria, Ethiopia, Egypt, Congo, South Africa, Tanzania, Kenya, Algeria, Sudan, Morocco, Niger, Tunisia, and Gabon. Among these countries, Nigeria accounted for the largest market share in 2015, owing to development of telecommunications infrastructure and increasing internet governance, which in turn is driving the smartphones penetration in the country.

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Vendor highlights

Key players in the Africa LED and OLED displays and lighting products market include Cree Corporation, Samsung Electronics Limited, GE Lighting, LLC, Sharp Corporation, OSRAM Licht AG, Daktronics Inc., Eaton Corporation, LG Display Co., Ltd., Barco N.V., Luceco Ltd., LED Lighting SA and Eagle Lighting.

Market Segmentation

By LED and OLED Displays

  • Mobile Displays
  • Consumer TV Displays
  • Outdoor LED Displays

By Lighting Products

  • By product type
  • By application

Countries Covered

  • Nigeria
  • Ethiopia
  • Egypt
  • Democratic Republic of Congo
  • South Africa
  • Tanzania
  • Kenya
  • Algeria
  • Sudan

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