Nile Valley and the Delta region accounted for highest revenue share among other regions in the overall Egypt outdoor lighting market – 6Wresearch.
Egypt outdoor lighting market is projected to register significant growth on account of growing infrastructural development in terms of construction of new cities like New Administrative Capital, New Alamein, New Aswan, New Mansoura and more. Development of new cities have driven the demand for road infrastructure, and hence outdoor lighting products. Government initiatives to develop airports and railway infrastructure across the country would bode well for the market in the forecast period.
According to 6Wresearch, Egypt Outdoor Lighting Market size is projected to grow at a CAGR of 8.1% during 2021-2025. Steel lighting poles acquired highest revenue share in 2020 on the back of large-scale construction of roads, bridges and railways across the country. Street lighting LED luminaires are anticipated to register significant growth in the forecast period due to government regulations to decrease carbon emission and increase the use of environment friendly lighting equipment. Growth of the Egypt outdoor lighting market witnessed a decline in 2020 due to the outbreak of Covid-19 pandemic which led to supply chain disruptions, slowdown in production process along with delays in construction projects. However, the market is anticipated to register significant growth on the back of government initiatives to help reduce the economic impact of the pandemic.
According to Avantika Jain, Research Analyst, Research and Consulting, 6Wresearch, “On the basis of applications in existing cities, street/roads segment acquired highest share in the market in 2020 due large scale to government initiatives to improve road infrastructure in the country for which the Ministry of Transport in Egypt announced a budget of $9.8 million. On the basis of applications in new development cities, street/roads segment accounted for highest share but highways segment is anticipated to register fastest growth as construction of new cities require highways to be well connected to existing cities.”
According to Mohit Poddar, Research Associate, Research and Consulting, 6Wresearch, “On the basis of end users, government/municipal accounted for maximum share in the market in 2020 and is expected to project fastest growth in the forecast period as the Egyptian Armed Forces are the centre of governance on a wide range of matter in Egypt, including developmental activities. Construction of new cities, national road projects, development of 250km of railway network and more is anticipated to further augment growth of the government/municipal segment share in the overall Egypt outdoor lighting market.”
Some of the major companies in the Egypt outdoor lighting market include Arab Steel Fabrication Co. S.A.E., Al-Babtain Power & Telecom Egypt (ABPTE), Koninklijke Phillips N.V., El Sewedy Electrical Solutions and more.
“Egypt outdoor lighting market (2020-2025)” report provides an in-depth analysis with 25 figures and 12 tables, covered in 103 pages. The report estimates and forecast the overall Egypt outdoor lighting market by types, by applications, by end users and by regions. The report provides an unbiased and detailed analysis of the on-going trends, opportunities/high growth areas and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.
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