Lamps & Lighting - Burundi

Burundi

In the country of Burundi, the revenue generated in the Lamps & Lighting market in 2024 amounts to US$477.30k.
It is projected that this market will experience an annual growth rate of -0.53% (CAGR 2024-2029).
When compared to global figures, in the United States generates the highest revenue in this segment, with US$31,960m in 2024.
In terms of per capita revenue, in Burundi generates US$0.04 per person in 2024.
Despite its limited access to electricity, Burundi has seen a rising demand for solar-powered lamps as a sustainable lighting solution.

Key regions: Brazil, China, Denmark, United Kingdom, Worldwide

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Analyst Opinion

The Lamps & Lighting market in Burundi has experienced significant growth in recent years, driven by changing customer preferences, trends in the market, local special circumstances, and underlying macroeconomic factors.

Customer preferences: in Burundi have shifted towards more energy-efficient and environmentally-friendly lighting options. Consumers are increasingly choosing led lamps and lighting fixtures over traditional incandescent bulbs due to their lower energy consumption and longer lifespan. This shift is in line with global trends towards sustainable and eco-friendly products. Additionally, there is a growing demand for smart lighting solutions that can be controlled remotely through mobile applications, providing convenience and energy savings.

Trends in the market: also contribute to the development of the Lamps & Lighting industry in Burundi. The rapid urbanization and infrastructure development in the country have increased the demand for lighting products in residential, commercial, and industrial sectors. As more buildings and public spaces are constructed, there is a need for lighting solutions that are not only functional but also aesthetically pleasing. This has led to a rise in the demand for decorative and designer lighting fixtures.

Local special circumstances: in Burundi, such as government initiatives and regulations, have also played a role in the growth of the Lamps & Lighting market. The government has implemented policies to promote energy efficiency and reduce carbon emissions, which has encouraged the adoption of led lighting solutions. Additionally, the increasing awareness of the importance of proper lighting in improving productivity and well-being has led to a higher demand for quality lighting products.

Underlying macroeconomic factors: have further contributed to the development of the Lamps & Lighting market in Burundi. The country's economic growth and rising disposable income levels have increased consumer purchasing power, enabling them to invest in higher-quality lighting products. Furthermore, the construction industry has been booming, creating a demand for lighting products in both residential and commercial projects. In conclusion, the Lamps & Lighting market in Burundi is experiencing growth due to changing customer preferences, trends in the market, local special circumstances, and underlying macroeconomic factors. The shift towards energy-efficient and eco-friendly lighting options, the demand for smart lighting solutions, and the need for aesthetically pleasing lighting fixtures are driving the market forward. Government initiatives, increasing awareness of the importance of lighting, economic growth, and the construction boom are further fueling the industry's development.

Methodology

Data coverage:

Data encompasses B2C enterprises. Figures are based on home furnishings and furniture found in every room of the home. This market is segmented by the room where the furniture is likely to be used and consists of the following: Living Room, Bedroom, Kitchen and Dining room, Bathroom, Outdoor, and Home Office. The Furniture market also includes Lamps and Lighting and Home Decor because the furnishings and accessories within these segments are not specific to any room.

Modeling approach / Market size:

Market sizes are determined by a top-down approach, based on a specific rationale for each market segment. As a basis for evaluating markets, we use national statistical offices, international institutions, in-house market research, and resources from the Statista platform. Next we use relevant key market indicators and data from country-specific associations such as consumer spending and GDP. This data helps us to estimate the market size for each country individually.

Forecasts:

In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the particular market. For example, exponential trend smoothing is well suited for forecasting the Furniture market with a projected steady growth. The main drivers are furniture and furnishings, carpets and other floor coverings, and consumer spending per capita.

Additional Notes:

The market is updated twice per year in case market dynamics change. The impact of the COVID-19 pandemic is considered at a country-specific level.