Market analysis of the hottest LED display and lig

Market analysis of LED display and lighting products in Africa

"lighting Africa" and "green Africa" are the two major theme projects promoted synchronously in Africa at present. Therefore, LED lighting products with high energy-saving effect are naturally welcomed by the African market. With the advent of the digital economy era in Africa, the demand for African LED display market is also rising

in 2015, the market value of LED and OLED display and lighting products in Africa was US $684.9 million, and it is expected that the compound annual growth rate will reach 17.8% in the annual forecast period. Increased government support and the introduction of new government led lighting projects are driving the growth of the African lighting product market. The continuous progress of the "light Africa" project initiated by IFC and the world bank has further promoted the growth of the lighting product market in the region. According to the data, the market size of LED and OLED display and lighting products in Africa was 30.9 million units in 2015, and it is expected to reach 206.7 million units by the end of 2026

light emitting diode (LED) is one of the most energy-saving and rapidly developing lighting technologies today. Compared with traditional lighting technology, LED lamps are smaller, have longer service life, and have lower cost. The price of LED lighting products continues to decline, and these lighting products are becoming economic choices for indoor and outdoor applications during the third and third strong pressure

led display is a flat panel display. Due to their complete and systematic highlight of new product development methods, they are often used as store signs and billboards outdoors. In addition to visual display, LED display also provides general lighting, and can also be used for stage lighting and other decorative purposes

African market drivers

the growth of African led and OLED display market is driven by factors such as the growing smart user base and consumers' increased consumption of TV services. The launch of solar TV for rural Africa is driving the growth of this market

Nigeria - the largest market for LED and OLED in Africa

among all African countries, Nigeria is the largest market for LED and OLED display and lighting products, accounting for the largest market share in 2015. This growth is mainly attributed to the development of telecommunications infrastructure and the increase of Internet governance, which in turn promotes the penetration of intelligence in Nigeria. (i.e. closed, in closed, intersection or off gauge) in addition, in Nigeria, the rapid growth of new broadcasting technologies and the increase of television broadcasts and channels are expected to become other potential drivers of the growth of the LED and OLED display market in Nigeria

African led and OLED display and lighting product markets are classified according to display and lighting products. In the LED and OLED display market, the market is divided into mobile display, consumer TV display and outdoor LED display. In 2015, the value of the African consumer TV display market was $130.2 million, and the CAGR is expected to reach 18.8%

in the LED and OLED lighting product market, the market is divided by product type and application field. By product type, the market is divided into LED bulbs, bare LED tubes, LED lamps and solar LED lighting. Among them, the LED bubble market has the highest market share, with a market value of $193.9 million in 2015. According to the application fields, the market is divided into street lighting, garden lighting, ceiling lighting, decoration and portable lighting. Among them, street lighting accounted for the highest market share in 2015, accounting for 37.6% of the African lighting product market

"lighting up Africa" and "green Africa" are two major theme projects promoted synchronously in Africa at present. Therefore, LED lighting products with high energy-saving effect are naturally welcomed by the African market. With the advent of the digital economy era in Africa, the demand for African LED display market is also rising

source: Middle East Africa information platform