The Latin America, Middle East and Africa Lamps Market would witness market growth of 7.3% CAGR during the forecast period (2023-2030).
Several scientists have suggested the use of LEDs in plant growth through empirical evidence. Since LED lighting uses the capabilities of metals to convert electricity into light and give white light, it is highly demanded since it aids in plant growth and development. The demand for lighting for indoor plants is subsequently rising quickly. Grow light bulbs are a fantastic technique to maximize the growth of plants and offer several advantages for indoor hydroponic gardening. Grow lights are considered an ideal technique to guarantee that the plants receive the light they require to develop.
Rapid technological improvements in the lighting sector have greatly impacted lamps. By incorporating smart capabilities, these lighting solutions are becoming more functional and improving consumer convenience. Modern smart lamps have advanced features like voice activation, remote control, adjustable brightness settings, color-changing capabilities, and even connection with smart home ecosystems.
These features give users seamless control over the lighting in their surroundings, enabling them to create settings that suit their tastes or modify the brightness and color temperature. The user experience is more convenient and flexible by remotely controlling the lamps using voice assistants or smartphone apps. In order to create a coordinated and connected lighting ecosystem, owners of smart lamps can also combine their lights with other smart devices, such as smart speakers or home automation systems.
Three-fourths of projects in the Middle East fit into one of the three high-end chain tops' luxury, higher elite, or upmarket categories. Famous for their pricey, lavish hotels, they are of this region's top luxury tourist destinations. Nine projects, each with more than 1,000 rooms, make up more than half of the building in Saudi Arabia. Additionally, several regional government initiatives try to offer homes for every income level. Lamps demand is rising due to the region-wide expansion of the hospitality industry, which necessitates massive construction projects. Therefore, these operations in the LAMEA region guarantee steady market growth during the ensuing years.
The Brazil market dominated the LAMEA Lamps Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $116.4 million by 2030. The Argentina market is anticipated to grow at a CAGR of 7.9% during (2023 - 2030). Additionally, The UAE market would exhibit a CAGR of 7% during (2023 - 2030).
Based on Product, the market is segmented into Desk Lamp, and Floor Lamp. Based on Type, the market is segmented into Decorative Lamp, and Reading Lamp. Based on Application, the market is segmented into Commercial/Hospitality, and Residential/Retail. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
Free Valuable Insights: The Worldwide Lamps Market is Projected to reach USD 6.5 Billion by 2030, at a CAGR of 5.2%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Panasonic Holdings Corporation, Koninklijke Philips N.V., Stanley Electric Co. Ltd., ams-OSRAM AG, General Electric Company, Toshiba Corporation, Siemens AG, Samsung Electronics Co., Ltd. (Samsung Group), OPPLE Lighting Co Ltd., and Maxlite, Inc.
Scope of the Study
Market Segments Covered in the Report:
By Product
By Type
- Decorative Lamp
- Reading Lamp
By Application
- Commercial/Hospitality
- Residential/Retail
By Country
- Brazil
- Argentina
- UAE
- Saudi Arabia
- South Africa
- Nigeria
- Rest of LAMEA
Key Market Players
List of Companies Profiled in the Report:
- Panasonic Holdings Corporation
- Koninklijke Philips N.V.
- Stanley Electric Co. Ltd.
- ams-OSRAM AG
- General Electric Company
- Toshiba Corporation
- Siemens AG
- Samsung Electronics Co., Ltd. (Samsung Group)
- OPPLE Lighting Co Ltd.
- Maxlite, Inc.
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 LAMEA Lamps Market, by Product
1.4.2 LAMEA Lamps Market, by Type
1.4.3 LAMEA Lamps Market, by Application
1.4.4 LAMEA Lamps Market, by Country
1.5 Methodology for the research
Chapter 2. Market At a Glance
2.1 Key Highlights
Chapter 3. Market Overview
3.1 Introduction
3.1.1 Overview
3.1.1.1 Market Composition and Scenario
3.2 Key Factors Impacting the Market
3.2.1 Market Drivers
3.2.2 Market Restraints
3.3 Porter’s Five Force Analysis
Chapter 4. LAMEA Lamps Market by Product
4.1 LAMEA Desk Lamp Market by Country
4.2 LAMEA Floor Lamp Market by Country
Chapter 5. LAMEA Lamps Market by Type
5.1 LAMEA Decorative Lamp Market by Country
5.2 LAMEA Reading Lamp Market by Country
Chapter 6. LAMEA Lamps Market by Application
6.1 LAMEA Commercial/Hospitality Market by Country
6.2 LAMEA Residential/Retail Market by Country
Chapter 7. LAMEA Lamps Market by Country
7.1 Brazil Lamps Market
7.1.1 Brazil Lamps Market by Product
7.1.2 Brazil Lamps Market by Type
7.1.3 Brazil Lamps Market by Application
7.2 Argentina Lamps Market
7.2.1 Argentina Lamps Market by Product
7.2.2 Argentina Lamps Market by Type
7.2.3 Argentina Lamps Market by Application
7.3 UAE Lamps Market
7.3.1 UAE Lamps Market by Product
7.3.2 UAE Lamps Market by Type
7.3.3 UAE Lamps Market by Application
7.4 Saudi Arabia Lamps Market
7.4.1 Saudi Arabia Lamps Market by Product
7.4.2 Saudi Arabia Lamps Market by Type
7.4.3 Saudi Arabia Lamps Market by Application
7.5 South Africa Lamps Market
7.5.1 South Africa Lamps Market by Product
7.5.2 South Africa Lamps Market by Type
7.5.3 South Africa Lamps Market by Application
7.6 Nigeria Lamps Market
7.6.1 Nigeria Lamps Market by Product
7.6.2 Nigeria Lamps Market by Type
7.6.3 Nigeria Lamps Market by Application
7.7 Rest of LAMEA Lamps Market
7.7.1 Rest of LAMEA Lamps Market by Product
7.7.2 Rest of LAMEA Lamps Market by Type
7.7.3 Rest of LAMEA Lamps Market by Application
Chapter 8. Company Profiles
8.1 Panasonic Holdings Corporation
8.1.1 Company Overview
8.1.2 Financial Analysis
8.1.3 Segmental and Regional Analysis
8.1.4 Research & Development Expenses
8.1.5 Recent strategies and developments:
8.1.5.1 Partnerships, Collaborations, and Agreements:
8.1.6 SWOT Analysis
8.2 Koninklijke Philips N.V.
8.2.1 Company Overview
8.2.2 Financial Analysis
8.2.3 Segmental and Regional Analysis
8.2.4 Research & Development Expense
8.2.5 SWOT Analysis
8.3 Stanley Electric Co. Ltd.
8.3.1 Company Overview
8.3.2 Financial Analysis
8.3.3 Segmental Analysis
8.3.4 SWOT Analysis
8.4 ams-OSRAM AG
8.4.1 Company Overview
8.4.2 Financial Analysis
8.4.3 Segmental and Regional Analysis
8.4.4 Research & Development Expense
8.4.5 SWOT Analysis
8.5 General Electric Company
8.5.1 Company Overview
8.5.2 Financial Analysis
8.5.3 Segmental and Regional Analysis
8.5.4 Research & Development Expense
8.5.5 SWOT Analysis
8.6 Toshiba Corporation
8.6.1 Company Overview
8.6.2 Financial Analysis
8.6.3 Segmental and Regional Analysis
8.6.4 Research and Development Expense
8.6.5 SWOT Analysis
8.7 Siemens AG
8.7.1 Company Overview
8.7.2 Financial Analysis
8.7.3 Segmental and Regional Analysis
8.7.4 Research & Development Expense
8.7.5 SWOT Analysis
8.8 Samsung Electronics Co., Ltd. (Samsung Group)
8.8.1 Company Overview
8.8.2 Financial Analysis
8.8.3 Segmental and Regional Analysis
8.8.4 Research & Development Expense
8.8.5 SWOT Analysis
8.9 OPPLE Lighting Co Ltd.
8.9.1 Company Overview
8.9.2 SWOT Analysis
8.10. Maxlite, Inc.
8.10.1 Company Overview
8.10.2 Recent strategies and developments:
8.10.2.1 Product Launches and Product Expansions:
8.10.3 SWOT Analysis
TABLE 1 LAMEA Lamps Market, 2019 - 2022, USD Million
TABLE 2 LAMEA Lamps Market, 2023 - 2030, USD Million
TABLE 3 LAMEA Lamps Market by Product, 2019 - 2022, USD Million
TABLE 4 LAMEA Lamps Market by Product, 2023 - 2030, USD Million
TABLE 5 LAMEA Desk Lamp Market by Country, 2019 - 2022, USD Million
TABLE 6 LAMEA Desk Lamp Market by Country, 2023 - 2030, USD Million
TABLE 7 LAMEA Floor Lamp Market by Country, 2019 - 2022, USD Million
TABLE 8 LAMEA Floor Lamp Market by Country, 2023 - 2030, USD Million
TABLE 9 LAMEA Lamps Market by Type, 2019 - 2022, USD Million
TABLE 10 LAMEA Lamps Market by Type, 2023 - 2030, USD Million
TABLE 11 LAMEA Decorative Lamp Market by Country, 2019 - 2022, USD Million
TABLE 12 LAMEA Decorative Lamp Market by Country, 2023 - 2030, USD Million
TABLE 13 LAMEA Reading Lamp Market by Country, 2019 - 2022, USD Million
TABLE 14 LAMEA Reading Lamp Market by Country, 2023 - 2030, USD Million
TABLE 15 LAMEA Lamps Market by Application, 2019 - 2022, USD Million
TABLE 16 LAMEA Lamps Market by Application, 2023 - 2030, USD Million
TABLE 17 LAMEA Commercial/Hospitality Market by Country, 2019 - 2022, USD Million
TABLE 18 LAMEA Commercial/Hospitality Market by Country, 2023 - 2030, USD Million
TABLE 19 LAMEA Residential/Retail Market by Country, 2019 - 2022, USD Million
TABLE 20 LAMEA Residential/Retail Market by Country, 2023 - 2030, USD Million
TABLE 21 LAMEA Lamps Market by Country, 2019 - 2022, USD Million
TABLE 22 LAMEA Lamps Market by Country, 2023 - 2030, USD Million
TABLE 23 Brazil Lamps Market, 2019 - 2022, USD Million
TABLE 24 Brazil Lamps Market, 2023 - 2030, USD Million
TABLE 25 Brazil Lamps Market by Product, 2019 - 2022, USD Million
TABLE 26 Brazil Lamps Market by Product, 2023 - 2030, USD Million
TABLE 27 Brazil Lamps Market by Type, 2019 - 2022, USD Million
TABLE 28 Brazil Lamps Market by Type, 2023 - 2030, USD Million
TABLE 29 Brazil Lamps Market by Application, 2019 - 2022, USD Million
TABLE 30 Brazil Lamps Market by Application, 2023 - 2030, USD Million
TABLE 31 Argentina Lamps Market, 2019 - 2022, USD Million
TABLE 32 Argentina Lamps Market, 2023 - 2030, USD Million
TABLE 33 Argentina Lamps Market by Product, 2019 - 2022, USD Million
TABLE 34 Argentina Lamps Market by Product, 2023 - 2030, USD Million
TABLE 35 Argentina Lamps Market by Type, 2019 - 2022, USD Million
TABLE 36 Argentina Lamps Market by Type, 2023 - 2030, USD Million
TABLE 37 Argentina Lamps Market by Application, 2019 - 2022, USD Million
TABLE 38 Argentina Lamps Market by Application, 2023 - 2030, USD Million
TABLE 39 UAE Lamps Market, 2019 - 2022, USD Million
TABLE 40 UAE Lamps Market, 2023 - 2030, USD Million
TABLE 41 UAE Lamps Market by Product, 2019 - 2022, USD Million
TABLE 42 UAE Lamps Market by Product, 2023 - 2030, USD Million
TABLE 43 UAE Lamps Market by Type, 2019 - 2022, USD Million
TABLE 44 UAE Lamps Market by Type, 2023 - 2030, USD Million
TABLE 45 UAE Lamps Market by Application, 2019 - 2022, USD Million
TABLE 46 UAE Lamps Market by Application, 2023 - 2030, USD Million
TABLE 47 Saudi Arabia Lamps Market, 2019 - 2022, USD Million
TABLE 48 Saudi Arabia Lamps Market, 2023 - 2030, USD Million
TABLE 49 Saudi Arabia Lamps Market by Product, 2019 - 2022, USD Million
TABLE 50 Saudi Arabia Lamps Market by Product, 2023 - 2030, USD Million
TABLE 51 Saudi Arabia Lamps Market by Type, 2019 - 2022, USD Million
TABLE 52 Saudi Arabia Lamps Market by Type, 2023 - 2030, USD Million
TABLE 53 Saudi Arabia Lamps Market by Application, 2019 - 2022, USD Million
TABLE 54 Saudi Arabia Lamps Market by Application, 2023 - 2030, USD Million
TABLE 55 South Africa Lamps Market, 2019 - 2022, USD Million
TABLE 56 South Africa Lamps Market, 2023 - 2030, USD Million
TABLE 57 South Africa Lamps Market by Product, 2019 - 2022, USD Million
TABLE 58 South Africa Lamps Market by Product, 2023 - 2030, USD Million
TABLE 59 South Africa Lamps Market by Type, 2019 - 2022, USD Million
TABLE 60 South Africa Lamps Market by Type, 2023 - 2030, USD Million
TABLE 61 South Africa Lamps Market by Application, 2019 - 2022, USD Million
TABLE 62 South Africa Lamps Market by Application, 2023 - 2030, USD Million
TABLE 63 Nigeria Lamps Market, 2019 - 2022, USD Million
TABLE 64 Nigeria Lamps Market, 2023 - 2030, USD Million
TABLE 65 Nigeria Lamps Market by Product, 2019 - 2022, USD Million
TABLE 66 Nigeria Lamps Market by Product, 2023 - 2030, USD Million
TABLE 67 Nigeria Lamps Market by Type, 2019 - 2022, USD Million
TABLE 68 Nigeria Lamps Market by Type, 2023 - 2030, USD Million
TABLE 69 Nigeria Lamps Market by Application, 2019 - 2022, USD Million
TABLE 70 Nigeria Lamps Market by Application, 2023 - 2030, USD Million
TABLE 71 Rest of LAMEA Lamps Market, 2019 - 2022, USD Million
TABLE 72 Rest of LAMEA Lamps Market, 2023 - 2030, USD Million
TABLE 73 Rest of LAMEA Lamps Market by Product, 2019 - 2022, USD Million
TABLE 74 Rest of LAMEA Lamps Market by Product, 2023 - 2030, USD Million
TABLE 75 Rest of LAMEA Lamps Market by Type, 2019 - 2022, USD Million
TABLE 76 Rest of LAMEA Lamps Market by Type, 2023 - 2030, USD Million
TABLE 77 Rest of LAMEA Lamps Market by Application, 2019 - 2022, USD Million
TABLE 78 Rest of LAMEA Lamps Market by Application, 2023 - 2030, USD Million
TABLE 79 Key Information – Panasonic Holdings Corporation
TABLE 80 Key Information – Koninklijke Philips N.V.
TABLE 81 Key Information – Stanley Electric co. ltd.
TABLE 82 Key Information – ams-OSRAM AG
TABLE 83 Key Information – General Electric Company
TABLE 84 Key Information – Toshiba Corporation
TABLE 85 Key Information – Siemens AG
TABLE 86 Key Information – Samsung Electronics Co., Ltd.
TABLE 87 Key Information – opple lighting co ltd.
TABLE 88 Key Information – Maxlite, Inc.
List of Figures
FIG 1 Methodology for the research
FIG 2 LAMEA Lamps Market, 2019 - 2030, USD Million
FIG 3 Key Factors Impacting the Lamps Market
FIG 4 Porter’s Five Force Analysis: Lamps market
FIG 5 LAMEA Lamps Market share by Product, 2022
FIG 6 LAMEA Lamps Market share by Product, 2030
FIG 7 LAMEA Lamps Market by Product, 2019 - 2030, USD Million
FIG 8 LAMEA Lamps Market share by Type, 2022
FIG 9 LAMEA Lamps Market share by Type, 2030
FIG 10 LAMEA Lamps Market by Type, 2019 - 2030, USD Million
FIG 11 LAMEA Lamps Market share by Application, 2022
FIG 12 LAMEA Lamps Market share by Application, 2030
FIG 13 LAMEA Lamps Market by Application, 2019 - 2030, USD Million
FIG 14 LAMEA Lamps Market share by Country, 2022
FIG 15 LAMEA Lamps Market share by Country, 2030
FIG 16 LAMEA Lamps Market by Country, 2019 - 2030, USD Million
FIG 17 SWOT Analysis: Panasonic Holdings Corporation
FIG 18 SWOT Analysis: Koninklijke Philips N.V.
FIG 19 SWOT Analysis: Stanley Electric Co. Ltd
FIG 20 SWOT Analysis: ams-OSRAM AG
FIG 21 SWOT Analysis: General electric (GE) Co.
FIG 22 SWOT Analysis: Toshiba Corporation
FIG 23 SWOT Analysis: Siemens AG
FIG 24 SWOT Analysis: Samsung Electronics Co., Ltd
FIG 25 SWOT Analysis: OPPLE Lighting Co Ltd
FIG 26 SWOT Analysis: Maxlite, Inc