At the same time, LED lighting products continue to prolong life, about 50,000 hours. Compared with traditional bulbs and cold cathode tube lamps, LED lighting products have the following advantages: higher efficiency, less power consumption, longer life, more environmentally friendly, durable, less hot, less space. The development of LED lighting, OLED lighting and displays in the African continent is actually quite rapid, more than the average person's perception. In 2015, the output value of LED, OLED display and lighting in Africa has reached 685 million US dollars. The compound annual growth rate (CAGR) is expected to be 17.8% from 2016 to 2026. As policy support has gradually warmed up, new LED lighting government standards have emerged, and these factors together support the growth of the African lighting market. The International Africa (IFC) and World Bank-launched Africa/Lighting Africa project is growing steadily, thanks to LED lighting, which allows the African market that lacks electricity to benefit from energy savings. Bringing positive stimulation to the African lighting market. In addition, the growth of LED backlights in Africa with LCD panels and OLED displays is mainly due to the increasing number of smartphone users, and consumers are becoming more willing to increase spending on TV-related services. At the same time, LED lighting products continue to prolong life, about 50,000 hours. Compared with traditional bulbs and cold cathode tube lamps, LED lighting products have the following advantages: higher efficiency, less power consumption, longer life, more environmentally friendly, durable, less hot, less space. Indoor and outdoor LED lighting growth is strong If the market is divided, the African LED and OLED market will be classified according to display and lighting products. The parts of the display can be divided into mobile device displays, consumer TVs, outdoor LED displays/LED displays. The lighting products can be divided into product categories and applications. Product categories can be divided into LED bulbs, LED tubes, LED fixtures, and solar LED lighting. As for the other parts of the application, it can be divided into street lamps, downlights, courtyard lighting, ceiling lamps, decorative and portable lighting, and other types. Research firm Future Market Insights said that the current market focus in Africa is that the market size of consumer TV in 2015 is 130 million US dollars. It is estimated that by 2026, the compound annual growth rate will reach 18.8%. On the other hand, due to the gradual development of off-grid solar power in the African market, this will contribute to the development of the consumer TV market in rural Africa. As for lighting in the African LED market in 2015, the overall market value of LED bulbs came to $194 million. It is estimated that by 2026, the annual compound growth rate of the solar LED lighting market is expected to reach 28.6%. In terms of product applications, street lamps accounted for the highest proportion in the African lighting market in 2015, reaching 37.6%. Regional Outlook Nigeria has the largest share of the LED, OLED display and lighting markets in key African countries (Note 1). Mainly because of the gradual development of Nai's telecommunications infrastructure and network governance. At the same time, this factor will also promote the penetration of smart phones in the country. African market key manufacturers in the LED, OLED display, lighting market in Africa, including the US LED manufacturers Cree (Cree), Samsung Electronics, GE Lighting, Sharp, Osram, Daktronics, Eaton, LG Display, Belgium Barco, Luceco Ltd, LED Lighting SA, Eagle Lighting, etc., are still a market with great development potential.
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