Africa’s LED and OLED display and lighting market was valued at $684.9 million in 2015 and is expected to grow at a compound annual rate of 17.8 percent in the forecast period 2016-2026.Increased government support and the introduction of new government LED lighting projects are driving the growth of the African lighting product market.The continued progress of the IFC and world bank-sponsored Lighting Africa project has further driven 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.LEDS are smaller, last longer and cost less to use than traditional lighting technologies.LED lighting is becoming an economical choice for indoor and outdoor applications as prices continue to fall.LED display is a kind of flat panel display.Because of their high brightness, they are often used outdoors as store signs and billboards.In addition to being used for visual displays, LED displays also provide general lighting and can be used for stage lighting and other decorative purposes.African market drivers growth in Africa’s LED and OLED display markets has been driven by factors such as a growing base of smartphone users and increased consumer spending on TV services.Off-grid solar TVS for rural Africa are driving this market growth.
Nigeria – Africa’s largest market for LEDS and OLEDS of all African countries, Nigeria is the largest market for LED and OLED display and lighting products, with 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 has promoted the penetration of smart phones in Nigeria.Moreover, in Nigeria, the rapid growth of new broadcasting technologies and the increasing number of television broadcasts and channels are expected to be other potential drivers of growth in the Nigerian LED and OLED display markets.
The African LED and OLED display and lighting markets are categorized by display and lighting products.In the LED and OLED display market, the market will be divided into mobile display, consumer TV display and outdoor LED display.In 2015, the African consumer TV display market was valued at $130.2 million and is expected to grow at a compound annual rate of 18.8 percent between 2016 and 2026.In the LED and OLED lighting product market, the market will be divided by product type and application field.By product type, the market is divided into LED bulbs, naked LED tubes, LED lamps and solar LED lighting.By application, the market is segmented into street lighting, garden lighting, ceiling lighting, decorative lighting and portable lighting.
The street lighting segment had the highest market share in 2015, accounting for 37.6 percent of the African lighting product market.According to the analysis of China-Africa trade research center, “lighting up Africa” and “green Africa” are two major theme projects being promoted simultaneously in Africa. 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 of LED display market in Africa is also soaring.(edited by: China-Africa trade research center)