The Africa LED Lighting Market size is estimated at USD 4.01 billion in 2024, and is expected to reach USD 5.94 billion by 2029, growing at a CAGR of 8.17% during the forecast period (2024-2029).
The LED technology is taken over pretty much every application of lighting, as the LEDs are more reliable, robust, more power-efficient, and cleaner sources of light compared to the other conventional sources like Compact Fluorescent Lamps (CFLs) and incandescent lights.
The Africa LED lighting market is moderate to highly fragmented. The affordable essential manufacturing equipment contributes to low setup costs, enabling new local entrants to enter the market space and provide the products locally. This affects the overall sales of the more prominent brands operating at the national or international level. The government programs for supporting sustainable energy and constant electrification are attracting more and more investors in the region, generating more employment and contributing to the economy.
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