Middle East and Africa Tunnel Lighting Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Design, Installation, Type, and Application

Middle East and Africa Tunnel Lighting Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Design, Installation, Type, and Application

  • August 2021 •
  • 120 pages •
  • Report ID: 6134357 •
  • Format: PDF
The tunnel lighting market in the 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.

Mining involves the extraction of minerals from the surface of the earth.These minerals are the backbone of human civilization as the utilization of these minerals has flourished the development of human society.

The extracted minerals are widely used across various industries such as manufacturing, power generation, chemical and petrochemical, healthcare & pharmaceutical, and construction.Currently, copper, coal, iron ore, gold, and aluminum are among the most mined minerals.

Moreover, the aggregate revenue of the top 40 mining companies has grown steadily from 2016 to 2019.In 2020, the fall in revenue was due to the COVID-19 outbreak.

Moreover, with the growing rate of industrialization and urbanization and the increasing need for energy, the demand for minerals is projected to increase significantly during the forecast period. The steady growth of the mining industry is subsequently contributing to the adoption of tunnel lighting for mining applications, thereby generating steady growth opportunities for the tunnel lighting market players.

Based on installation, the surface mounted segment led the MEA tunnel lighting market in 2020.Surface mounted lighting, also known as ceiling mounted lighting, is specially mounted to the ceiling of a tunnel.

The surface mounted lighting is available in various shapes and sizes and can be customized according to the needs of the end user.It is usually preferred if the distance between the structural ceiling and the dropdown ceiling is relatively less, thus, making it ideal for tunnels with lesser height.

The surface mounted lighting can be installed with fewer alterations to the surface.

The major countries in the MEA, including Saudi Arabia, the UAE, Egypt, Morocco, and Kuwait, are facing the economic impact of the COVID-19 pandemic.The region is projected to register a swift decline in manufacturing activities as the industries shutting down and technology innovations coming to a halt across the entire Middle East & 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 for 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 merit and demerit.

However, it will certainly see a heavy rise after the pandemic.

The overall MEA tunnel lighting 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 an overview and forecast for the MEA tunnel lighting 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 MEA tunnel lighting market. Aeon Lighting Technology Inc., Cree Lighting, Signify Holding (Philips), Siteco GmbH, Thorlux Lighting, and Tungsram are among the key players operating in the MEA tunnel lighting market.

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