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Business opportunities brewing in three potential LED lighting markets

Business opportunities brewing in three potential LED lighting markets

September 23, 2015: LEDinside has analyzed and predicted the top three emerging LED markets due to their huge economic potentials.


Egypt holds huge market potential for LED manufacturers. The country is one of the fastest growing economies, and hence a potential LED market. The government in Egypt aims to save RMB 20 billion (US $3.14 billion) in energy subsidies by 2020.

Egypt?s lighting consumption is about 25% of the country?s energy consumption, and household and commercial lighting consumption is about 73%. Egypt also aims to adopt LED lighting solutions to replace traditional lighting applications. The country also wants to upgrade to LED lighting by 2020 to replace traditional lighting. Government buildings, residential lighting and other regions and lighting will all be replaced with LEDs. The country has procured 250 million LED bulbs for residential lighting applications. Egypt will further issue 1.7 million LED bulbs within the next four months to nine provinces in Egypt.


UAE?s reviving real estate market is fueling LED lighting demand. The rebounding real estate market has led to many new construction projects leading to a huge demand for LED lighting. The LED market in UAE is showing strong growth, and its market value is estimated to increase US $224 million by 2019, and projected to increase at a Compound Annual Growth Rate (CAGR) of 20% from 2014 to 2019.

In 2012, the UAE LED luminaire market value reached an estimated US $46 million to US$ 54 million, equivalent to revenue generated from selling 1 million to 1.2 million luminaires, according to LEDinside. In 2013, the LED lighting market share climbed to about US $60 million to US $68 million. By 2014, the UAE LED lighting market was estimated to increase 23% to reach about US $ 78 million to US $82 million, states a LEDinside report.

International LED manufacturers like Philips, GE and Osram are doing well in UAE. maintaining leading market positions with a combined market share of more than 60% in 2014.

The total value of LED lighting products exported to UAE reached US $70.92 million during first quarter of 2015.


Indian government policies, LED lighting schemes and subsidies for LED lighting are leading to a huge potential LED lighting market. The Indian government has been promoting carbon emission reduction policies since October 2014, encouraging public to use LED bulbs to replace the current 750 million incandescent bulbs on the market.

India still has a weak manufacturing industry, hence most of the LED products on the market are mostly products with lower technical levels or imported from China. However, competition in the Indian market is very intense. LED manufacturers from US, Germany, Japan and South Korea are also contending for market shares in India.

A huge LED market is brewing in India with about 300 million people living off the electricity grid. Market demands for LED products have soared in India following economic developments, increased power coverage, and stabler power supplies.

According to LEDinside, in 2012, the Indian LED lighting market was estimated to value US $100 million, and consisted a very small 3-5% market share of the country?s total general lighting market. In the residential lighting market, most newly constructed complexes are using LEDs, while existing CFL users are switching to LED lighting.

Government projects is the main LED lighting market growth driver in India, and amounts for nearly 51% of orders. On the other hand, LED downlights, industrial lighting and other none residential lighting products have also introduced LED light sources, says LEDinside.

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