Signify Holding, OSRAM GmbH, Hubell are Dominating the Market for Middle East and Africa Indoor Lighting Market in 2019

Middle East and Africa Indoor Lighting Market is expected to grow at a CAGR of 5.8% in the forecast period of 2020 to 2027. The years considered for study are as mentioned below.

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Middle East and Africa indoor lighting market is a highly consolidated market, which includes specific number of key players as well as local players. The market has witnessed various strategic developments owing to favourable market scenario.

The major players dealing in Middle East and Africa indoor lighting market are introducing strong range of product portfolio. This has also helped the company to maximize the sales with enhanced product portfolio. For instance, in December 2019, Honeywell introduced smart lighting system for hospitality sector in U.A.E. and Saudi Arabia. The system is named as INNCOM Digital Addressable Lighting Interface (DALI) which is two way-communication systems that allow digitalization of LED and non-LED lighting across hotel premises. This newly launched system is expected to impact positively on smart lighting as well as indoor lighting market.

Signify Holding is the dominating player in the Middle East and Africa indoor lighting market. The other key players existing in the market includes  Dialight, Syska, Zumtobel Group AG, Halla, a.s., iGuzzini, Reggiani Spa Illuminazione, LEDVANCE GmbH, Sylvania, NEPTUN LIGHT, INC, LIGMAN Lighting Co., Ltd., Bamford Lighting, Astute Lighting Ltd, OSRAM GmbH, Dextra Group Plc., Warwick Lighting, Altman Lighting, Hubbell Incorporated, OLIGO Lichttechnik GmbH, EST Lights, TRILUX Lighting Ltd., Enarlux, and IDEAL INDUSTRIES, INC.

Signify Holding

Signify Holding is headquartered in North Brabant, The Netherlands which was founded in 1891. The company performs in different lighting segments such as lamps, LED, professional, home, and other.

For instance,

  • In October 2019, Philips comes up with a Smart Wi-Fi LED bulb in India which is built on WiZ technology platform. The customers can download the WiZ app from Apple App store or Playstore and able to function easily by connecting it via home WiFi network to a smart WiFi LED bulb.

The company has wide global presence across the globe such as in Europe, Latin America, Asia-Pacific, Middle East & Africa, and North America. In addition to it, the company also generates its revenue from the various subsidiary companies such as Philips (The Netherlands), Signify (China) Investment Co., Ltd (China), Signify GmbH (Germany), Signify Holding B.V. (The Netherlands), Signify Hong Kong Limited (Hong Kong), Signify Netherlands B.V (The Netherlands), Signify North America Corporation (U.S.), Signify Poland Sp. z o.o. (Poland) among others.

OSRAM GmbH

OSRAM GmbH headquartered in Munich, Germany which was founded in 1906. The company performs its solutions segments such as opto semiconductors, specialty lighting, lighting solutions and systems.

For instance,

  • In November 2018, OSRAM Gmbh introduces  a new LED for general lighting Osconiq S3030, this lighting have industrial as well as outdoor applications. Newly launched product is expected to enhance the product portfolio as well as customer base of the company.

The company has wide global presence across the globe such as in Americas, Europe, Middle East and Africa, and Asia-Pacific. In addition to it, the company also generates its revenue from the various subsidiary companies such OSRAM A/S (Denmark), OSRAM Continental GmbH (Germany), OSRAM Continental Austria GmbH (Austria), OSRAM Comercio de Solucoes de Iluminacao Ltda. (Brazil), OSRAM China Lighting Ltd. (China) among others

 Hubell

Hubell is headquartered in Connecticut, U.S. and it was founded in 1888. The company offers innovative lighting solutions for more Hubbell Power Systems, Hubbell Lighting, Hubbell Commercial and Industrial, and Hubbell Construction and Energy.  

For instance,

  • In July 2019, under the umbrella of Prescolite Hubbell Incorporated introduced LITEISTRY Architectural Downlighting product s. The product features a wide array of aperture-looking solutions, clear ceiling structure and optical quality. This newly launched product will help company to enhance its product portfolio as well as customer base.

The company has presence in Americas, Europe, Asia-Pacific, and Middle East and Africa. In addition to it, the company also generates its revenue from various subsidiary companies such as Bel Manufacturera, S.A. de C.V. (U.S.), GAI- Tronics Corporation (U.S.), Harvey Hubbell Limited (U.K.), Wepawaug Canada Corp. (U.S.), Dongguan Hubbell Electrical Products Company Limited (China) and Hubbell Finance LLC (U.K.) among others.

Recent Strategic Decisions

Middle East and Africa Indoor Lighting Marke