Research and Markets has announced the addition of the "LED & OLED Displays and Lighting Products Market: Africa Industry Analysis and Opportunity Assessment, 2016-2026" report to their offering.

The Africa LED and OLED displays and lighting products market was valued at US$ 684.9 Mn in 2015 and is expected to expand at a CAGR of 17.8% during the forecast period (2016-2026).

Increasing government support and introduction of new government projects for LED lighting is driving the growth of the lighting products market in Africa.

Continuous progression on Lighting Africa (IFC & World Bank Initiative), is further fuelling the growth of the lighting products market in the region. The Africa LED & OLED displays and lighting products market stood at 30.9 Mn units in 2015 and is anticipated to reach a market volume of 206.7 Mn units by the end of 2026.

The light-emitting diode (LED) is one of today's most energy-efficient and rapidly-developing lighting technologies. LEDs are smaller and have a comparatively long operating life along with lower cost of ownership compared to conventional lighting technologies.

The prices of LED lighting products are reducing continuously and these lighting products are becoming the economic choice in both indoor and outdoor applications. LED displays are a type of flat panel displays, which utilize an array of light-emitting diodes as pixels for image and video display. Due to their high brightness characteristics, they are used outdoors in store signs and billboards. Along with visual displays, LED displays offer general illumination and are also used for stage lighting and other decorative purposes.

The Africa LED & OLED displays and lighting products market is classified on the basis of displays and lighting products. On the basis of displays, the market is segmented as mobile displays, consumer TV displays, and outdoor LED displays. The consumer TV displays sub-segment was valued US$ 130.2 Mn in 2015 and is anticipated to register a CAGR of 18.8% during the forecast period.

Company Profiles

  • OSRAM GmbH
  • GE Lighting
  • Cree, Inc.
  • Sharp Corporation
  • Eaton (Cooper Industries PLC)
  • LG Display Co., Ltd.
  • Daktronics, Inc.
  • Barco
  • SAMSUNG
  • Luceco Ltd.
  • LED Lighting
  • Eagle Lighting

For more information about this report visit http://www.researchandmarkets.com/research/wmlfgb/led_and_oled