Middle East and Africa Indoor Lighting Market is forecasted to grow at 5.8% with factors such as rapidly increasing infrastructural developments like smart cities stalling the growth of the Middle East and Africa indoor lighting market.
Indoor lighting market has shown an exceptional penetration in countries such as Saudi Arabia, South Africa, Egypt, and U.A.E. Due to having benefits and growing applications of indoor lighting has increasing penetration in Middle East and African countries.
According to Data Bridge Market Research the market for indoor lighting in Saudi Arabia region has the highest market share followed by South Africa and Egypt. The market leader Signify Holding has reported the sale of USD 6,862.13 million out of which 71% is accounted by LED and Lamps segment. The LED based sales of the company has been increased by 2.5%. The company offers various types of indoor lighting products such as indoor luminaires, LED lamps and tubes. In addition to this constant innovation such as providing smart lighting technology will help to grow the market share of Signify Holding in the Middle East and Africa indoor lighting market.
In 2018, Signify Holding has introduced 1000W GreenPower Xtra lamp, which is used in applications of greenhouse horticulture. This lamp offers 4% more growth light for plants, which leads to higher crop and fruit yield with low heat output.
Now the question is which other regions OSRAM Gmbh and Hubbel are targeting? Data Bridge Market Research has forecasted a large growth in Middle East and Africa indoor lighting market and the market leaders targeting Saudi Arabia and U.A.E. to be their next revenue pockets for 2020.
The indoor lighting market is becoming more competitive every year with companies like OSRAM Gmbh and Hubbel which are the market leaders for indoor lighting. The Data bridge market research new reports highlight the major growth factors and opportunities in the indoor lighting market.
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Middle East and Africa indoor lighting market is segmented on the basis of countries into Saudi Arabia, South Africa, Egypt, U.A.E., Israel, and Rest of Middle East and Africa.
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Key Market Competitors Covered in the report
Above are the key players covered in the report to know about more and exhaustive list of indoor lighting companies contact us https://www.databridgemarketresearch.com/toc/?dbmr=middle-east-and-africa-indoor-lighting-market
Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analysed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please request an analyst call or can drop down your enquiry.
The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
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