Middle East and Africa Tunnel Lighting Market
The MEA includes South Africa, Saudi Arabia, Egypt, Nigeria, and the Rest of MEA. The region is projected to have a rapid rise in urbanization and industrialization, which would further drive the growth of diverse industries. The Gulf Countries Council is planning various strategies to encourage collaboration, enhance innovation, streamline transportation, and improve their national economies. Consequently, it creates several opportunities to augment the infrastructure across the region. As the MEA region is growing swiftly, major cities are becoming congested, and there is a surge in infrastructure construction. To meet the rising demand for infrastructure and address spatial limitations in developed cities, there is an increase in construction of tunnels. Thus, leading to increased demand for installation of tunnel lighting for various applications, such as, mining and railway tunnels. Surge in use of LEDs is the major factor driving the growth of the MEA tunnel lighting market.
The major countries in the MEA facing the economic impact of COVID-19 pandemic include Saudi Arabia, the UAE, Egypt, Morocco, and Kuwait. The region is projected to register a swift decline in manufacturing activities due to industries shutting down and technology innovations coming to a halt across entire Middle East and Africa region; this can be attributed to lowered production activities and disruption of manufacturing in many countries in these regions. Irrespective of the previous projections regarding steady growth of the tunnel lighting market in the MEA due to escalating demand of LEDs, to enhance resource utilization, improve efficiencies, and enhance driver safety, in Saudi Arabia and the UAE, the imposition of travel restrictions and disruption of supply chains are limiting the tunnel lighting market growth to a certain extent. The impact of the COVID-19 pandemic on this market has been huge both as a merit and demerit. However, it will certainly see a heavy rise after the pandemic.
Strategic insights for the Middle East and Africa Tunnel Lighting provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market.
| Report Attribute | Details |
|---|---|
| Market size in 2021 | US$ 88.73 Million |
| Market Size by 2028 | US$ 134.53 Million |
| Global CAGR (2021 - 2028) | 6.1% |
| Historical Data | 2019-2020 |
| Forecast period | 2022-2028 |
| Segments Covered |
By Design
|
| Regions and Countries Covered | Middle East and Africa
|
| Market leaders and key company profiles |
The geographic scope of the Middle East and Africa Tunnel Lighting refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.
The tunnel lighting market in MEA is expected to grow from US$ 88.73 million in 2021 to US$ 134.53 million by 2028; it is estimated to grow at a CAGR of 6.1% from 2021 to 2028. Roadways tunnels are among the most accident-prone zones when it comes to road transport, especially highways, as the vehicles are travelling at a high speed. It is vital to maintain sufficient lighting conditions inside the tunnel to ensure smooth flow of traffic as vehicle drivers can identify obstacles and navigate through the tunnel without reducing speed. Various regulations are enacted with strong emphasis on preventing road accidents and enhancing safety of vehicles inside the tunnel, which tunnel lighting systems need to adhere to. For instance, the CIE guidance for tunnel lighting system requires system integrators to consider five key areas – Access Zone Tunnel Lighting System, Threshold Zone Tunnel Lighting System, Transition Zone Tunnel Lighting System, Interior Zone Tunnel Lighting System, and Exit Zone Tunnel Lighting System. Moreover, the growing road network in remote and mountainous terrains is leading to construction of new roadway tunnels. Thus, the growing development of roadway tunnels, coupled with increasing importance of road safety, is driving the tunnel lighting market.
The MEA tunnel lighting market is segmented based on design, installation, type, application, and country. Based on design, the tunnel lighting market is sub-segmented into standard and customized. The standard segment dominated the market in 2020 and customized segment is expected to be the fastest growing during the forecast period. Based on installation, the tunnel lighting market is categorized into surface mounted, hanging, recessed/side wall mounted. The surface mounted dominated the market in 2020 and hanging segment is expected to be the fastest growing during the forecast period. Based on type, the market is segmented into LED lighting, incandescent lighting, fluorescent lighting, and others. The LED lighting segment dominated the market in 2020 and incandescent lighting segment is expected to be the fastest growing during the forecast period. Based on application, the market is segmented into mining tunnels, roadway tunnels, railway tunnels, and others. The mining tunnels segment dominated the market in 2020 and is expected to be the fastest growing during the forecast period.
A few major primary and secondary sources referred to for preparing this report on the tunnel lighting market in MEA are company websites, annual reports, financial reports, national government documents, and statistical database, among others. Major companies listed in the report are Aeon Lighting Technology Inc., Cree Lighting, Signify Holding (Philips), Siteco GmbH, Thorlux Lighting, and Tungsram are among others.
The Middle East and Africa Tunnel Lighting Market is valued at US$ 88.73 Million in 2021, it is projected to reach US$ 134.53 Million by 2028.
As per our report Middle East and Africa Tunnel Lighting Market, the market size is valued at US$ 88.73 Million in 2021, projecting it to reach US$ 134.53 Million by 2028. This translates to a CAGR of approximately 6.1% during the forecast period.
The Middle East and Africa Tunnel Lighting Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the Middle East and Africa Tunnel Lighting Market report:
The Middle East and Africa Tunnel Lighting Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The Middle East and Africa Tunnel Lighting Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the Middle East and Africa Tunnel Lighting Market value chain can benefit from the information contained in a comprehensive market report.
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