The rapid increase in energy demands necessitates utilizing alternative energy sources. As a result, renewable energy sources, especially solar energy, are now being used to generate electricity. The increasing uptake of solar energy for electricity generation is expected to drive the demand for solar-based lighting technology in the years to come.
According to the International Energy Agency estimates, solar energy generation capacity is expected to reach 3,300 TWh by 2030. Due to the increasing adoption of solar energy, hospitals are spending a humongous amount of money on building a fail-safe environment and driving the implementation of solar-based lighting in hospitals.
In addition, energy-intensive utilities like hospitals can benefit from solar energy as it can provide 24X7 electricity without fail. The power generated during the day can be stored and utilized later. For instance, GE Current provides 365DisInFx LBU and 365DisInFx LPU, which will assist the healthcare sector in boosting safety and efficiency within hospital facilities. These products would help the hospitals in the constant inactivation of surface bacteria in occupied spaces and airborne viruses. Such factors are expected to offer lucrative opportunities to market players during the forecast period.
With the new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the Hospitals Lights Market. The Middle East & Africa hospital lights market is expected to grow at a good CAGR during the forecast period.
Middle East and Africa Hospital Lights Market Segmentation
The Middle East & Africa hospital lights market is segmented into product type, technology, and application. Based on product type, the market is segmented into troffer, surface-mounted lights, surgical lamps, and others. In terms of technology, the market is segmented into fluorescent technology, led technology, and others. Based on application, the market is segmented into patient wards and ICUs, surgical suites, examination rooms, and others. Geographically, the Middle East & Africa hospital lights market is segmented into South Africa, Saudi Arabia, the UAE, and the Rest of MEA.
Middle East & Africa Hospital Lights Market Companies
Signify Holding (Philips), Cree Lighting, Dragerwerk AG & Co. KGaA, KLS Martin Group, Stryker Corporation, GE Current, Hubbell Incorporated, Trilux GMBH & Co. KG, and Zumtobel Lighting GMBH are among the leading companies in the Middle East & Africa hospital lights market.
| Report Attribute | Details |
|---|---|
| Market size in 2021 | US$ 355.18 Million |
| Market Size by 2028 | US$ 570.13 Million |
| CAGR (2021 - 2028) | 7.0% |
| Historical Data | 2019-2020 |
| Forecast period | 2022-2028 |
| Segments Covered |
By Product Type
|
| Regions and Countries Covered |
Middle East and Africa
|
| Market leaders and key company profiles |
|
The Middle East and Africa Hospital Lights Market is valued at US$ 355.18 Million in 2021, it is projected to reach US$ 570.13 Million by 2028.
As per our report Middle East and Africa Hospital Lights Market, the market size is valued at US$ 355.18 Million in 2021, projecting it to reach US$ 570.13 Million by 2028. This translates to a CAGR of approximately 7.0% during the forecast period.
The Middle East and Africa Hospital Lights 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 Hospital Lights Market report:
The Middle East and Africa Hospital Lights 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 Hospital Lights Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the Middle East and Africa Hospital Lights Market value chain can benefit from the information contained in a comprehensive market report.
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