Lamps & Lighting - Niger | Statista Market Forecast

In Niger, the revenue in the Lamps & Lighting market reaches a total of US$15.45m in the year 2024.
It is projected that the market will experience an annual growth rate of 4.43% from 2024 to 2029 (CAGR 2024-2029).
When comparing globally, United States generates the highest revenue in this segment, amounting to US$32bn in 2024.
In terms of per capita income, the revenue per person in Niger for the year 2024 is US$0.55.
Niger's lamp market is experiencing a surge in demand for solar-powered lighting solutions due to its abundant sunlight and limited access to electricity.

Definition:

The Lamps & Lighting segment covers different types of lamps and lights found inside buildings to provide light to carry out activities. This segment includes table and floor lamps, chandeliers, ceiling lights as well as other lamps and light fittings commonly found indoors. Candles, consumer electronics, and household appliances are not included in this segment.

Structure:

The Lamps & Lighting segment is divided into three subsegments:

The Table & Floor Lamps subsegment covers lighting fixtures designed to provide task or ambient lighting to indoor spaces. These lamps typically consist of a base, a stem, and a lampshade and contribute to the overall decor of a room while providing functional lighting.
The Ceiling Lights & Chandeliers subsegment refers to lighting fixtures that are mounted on ceilings to provide ambient lighting. These fixtures range from simple to elaborate lighting fixtures and are available in a variety of styles, sizes, and materials to suit different interior design tastes.
The Light Bulbs and Fittings subsegment includes products such as light bulbs, sockets, and other accessories used to provide and control lighting in indoor spaces.

Additional Information:

The Lamps & Lighting segment consists of revenue and average revenue per capita data. Per capita figures consider the whole population. This segment includes only business to consumer (B2C) sales. Business to business (B2B) sales (e. g., furniture for coffee shops, offices, etc.) are excluded in the figures shown. For more information on the displayed data, click the info button on the right-hand side of each box. In terms of key players in the furniture market, IKEA is the leading furniture company; however, with the rise of eCommerce, players such as Wayfair are gaining ground.

Chandeliers, wall, and ceiling lights
Standing lamps
Decoration lighting such as Christmas tree lighting
Light bulbs and fittings

Candles
Consumer electronics
Household appliances

The Lamps & Lighting market in Niger has seen significant growth in recent years, driven by customer preferences for energy-efficient and sustainable lighting solutions. With increasing urbanization and a growing middle class, there is a rising demand for modern lighting products in both residential and commercial sectors. Additionally, government initiatives promoting energy conservation and the use of renewable energy sources have further fueled the growth of the market.

Customer preferences: Customers in Niger are increasingly opting for energy-efficient lighting solutions, such as LED lamps and solar-powered lights. These products offer significant cost savings in the long run and are more environmentally friendly compared to traditional incandescent bulbs. Moreover, the long lifespan of LED lamps appeals to customers who value durability and reliability. In the commercial sector, there is a growing demand for advanced lighting systems that can enhance productivity and create a pleasant working environment.

Trends in the market: One of the key trends in the Lamps & Lighting market in Niger is the adoption of solar-powered lighting solutions. With the country's abundant sunlight, solar-powered lights have become a popular choice for both urban and rural areas. These lights are not only cost-effective but also provide a reliable source of lighting in areas with limited access to electricity. Another trend in the market is the increasing popularity of smart lighting systems. These systems allow users to control and customize their lighting settings, offering convenience and energy savings.

Local special circumstances: Niger faces unique challenges when it comes to the Lamps & Lighting market. The country has a high rural population, and many areas lack access to reliable electricity. This has led to a greater reliance on off-grid lighting solutions, such as solar-powered lights. Additionally, the extreme weather conditions in Niger, including high temperatures and dust storms, require lighting products that can withstand these harsh environments.

Underlying macroeconomic factors: The growth of the Lamps & Lighting market in Niger is also influenced by underlying macroeconomic factors. The country's steady economic growth, coupled with increasing disposable income, has led to a higher demand for quality lighting products. Furthermore, government initiatives promoting energy conservation and renewable energy sources have created a favorable environment for the adoption of energy-efficient lighting solutions. The government's commitment to improving the country's infrastructure, including the expansion of electricity access, is also expected to drive the growth of the market in the coming years. In conclusion, the Lamps & Lighting market in Niger is experiencing significant growth, driven by customer preferences for energy-efficient and sustainable lighting solutions. The adoption of solar-powered lights and smart lighting systems is on the rise, while the unique challenges and macroeconomic factors in the country contribute to the development of the market. As Niger continues to urbanize and improve its infrastructure, the demand for modern lighting products is expected to further increase in the future.

Data coverage:

Data encompasses B2C enterprises. Figures are based on home furnishings and furniture found in every room of the home. This market is categorized by the room where the furniture is likely to be used and consists of the following: Living Room, Bedroom, Kitchen & Dining room, Outdoor, Home Office, and Baby & Children's Furniture. The Furniture market also includes Lamps and Lighting and Home Décor because the furnishings and accessories within these categories 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.

This report presents a comprehensive analysis and additional information on the Consumer market, in a PDF format.

From homeware to office furniture, even expanding over to pet care, the furniture industry is all-encompassing and ever-growing. Be it homes, schools, offices, or even outdoors, furniture is what gives a room its function and purpose.