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Middle East and Africa Filament LED Bulb Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Product and Application

Middle East and Africa Filament LED Bulb Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Product and Application

  • August 2021
  • 78 pages
  • ID: 6134332
  • Format: PDF
  • The Insight Partners

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The filament LED bulb market in the MEA is expected to grow from US$ 103.91 million in 2021 to US$ 490.64 million by 2028; it is estimated to register a CAGR of 24.8% from 2021 to 2028.

Previously, LED light sources such as COB plug patches and integrated high-power LED lamps could only be used as a plane light source in optical devices without lenses, but the LED filament broke through this barrier, and the porous metal substrate single crystal welding technology truly realized 360° of solid light source, avoiding the influence of light plus lens effect and optica.Instead of using traditional blue and green phosphors to raise the brightness of the process, the blue + red chip package is used to create the conventional lighting effect and improve the light efficiency and brightness through filament LED bulbs.

Additionally, compared with other LED lamps, LED filament lamps primarily use sapphire substrates and wicks instead of nonrenewable aluminum and nonbiodegradable plastic, which drastically reduce its overall cost.From the present perspective, mainstream models are often 25-, 28-, 32-chip packages, compared to the same number of common packages, the use of LED chips is also less, resulting in a cheaper overall cost than usual LEDs.

The rising awareness about the above-mentioned benefits of filament LED bulbs through constant marketing and advertisements by manufacturers is also influencing the adoption of the same for lighting purposes, thereby contributing to the growth of the market.

Among the MEA countries, Turkey, Iran, and South Africa have reported the highest number of COVID-19 confirmed cases.Other major countries facing the economic impact of COVID-19 include Iraq, Israel, Morocco, Saudi Arabia, and the UAE.

The region comprises many growing economies such as the UAE and Saudi Arabia, which are prospective markets for indoor flooring providers due to the huge presence of residential and commercial spaces (including malls, café, and restaurants).The region is projected to register a slight decline in raw material supply and products from various manufacturers across North America, Europe, and Asia Pacific, as these regions have halted their production activities, which is subsequently disrupting the export of components and products to other regions.

Additionally, the construction industry was impacted across the region, thereby creating less or no demand for filament LED bulbs from the newly constructed residential and commercial projects. Thus, based on the above-mentioned factors, we can conclude that the outbreak of COVID-19 across the region had a negative impact on the market growth.

The residential segment led the filament LED bulb market, based on application, in 2020.The Department of Energy (DoE) of the US has assessed the lighting applications such as FTL, CFL and LED amongst others, where LED technology save the most energy.

This study by the government body led to the widespread adoption of LED lamps in homes.Across the residential sector, filament LED bulbs are used in various decorative items such as integrated chandeliers, single head pendants, wall sconce, lantern, and cove luminaire products, as well as bullet, candle, flare, globe, and any other decorative lamp shapes.

The rising government initiatives to promote the development of the residential sector, coupled with increasing spending capacity of individuals, are contributing to the growth of the residential segment in the filament LED bulb market.

The overall filament LED bulb market size has been derived using both primary and secondary sources.To begin the research process, exhaustive secondary research has been conducted using internal and external sources to obtain qualitative and quantitative information related to the market.

The process also serves the purpose of obtaining overview and forecast for the filament LED bulb market with respect to all the segments pertaining to the region.Also, multiple primary interviews have been conducted with industry participants and commentators to validate the data, as well as to gain more analytical insights into the topic.

The participants who typically take part in such a process include industry experts such as VPs, business development managers, market intelligence managers, and national sales managers along with external consultants such as valuation experts, research analysts, and key opinion leaders specializing in the filament LED bulb market. Havells India Ltd; MEGAMAN; Feilo Sylvania Europe Limited; UKLED; Verbatim Americas LLC; OSRAM GmbH; Signify Holding (Philips); Seoul Semiconductor Co., Ltd.; Wipro Consumer Lighting are among a few players operating in the filament LED bulb market

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