Bright prospects for led lighting in Egypt
At present, the electricity consumption of led lighting in Egypt accounts for more than 25% of the total electricity consumption, and the electricity consumption of residential and commercial consumption accounts for 73% of the total electricity consumption. Therefore, it is hoped that more and more professional intelligent lighting solutions can replace traditional lighting. Realize energy saving. Egypt plans to implement a major lighting renovation around 2020, replacing traditional lighting with LED energy-saving products. In addition to government buildings, household lighting, and all districts and counties and other local outdoor lighting needs to be fully transformed. Among them, 250 million LED bulbs have been purchased for household lighting. In addition, other projects promoted by the government also require LED products.
Local power outages often occur, and the Egyptian people are accustomed to the frequency of power outages two to three times a day. Egypt is the third largest economy in Africa, the largest consumer market in the Middle East and Africa, and one of the fastest-growing economies in emerging markets. Egypt has a free trade agreement with the Middle East and Africa. Entering the Egyptian market, in addition to its domestic market, it can also cover the surrounding Middle East and African markets with more than one billion consumers. Egypt still has a lot of cheap labor.
In terms of market size, the Egyptian government plans to save about RMB 20 billion in energy subsidies by 2020. Such subsidies are proposed to reduce costs and use more efficient energy facilities. The Egyptian Ministry of Electricity strongly recommends that the Egyptian people use LED bulbs and maintain the air-conditioning temperature above 25°C, and avoid operating all electrical equipment at the same time to help save energy. If the factory is built in Egypt, it will be able to enjoy a consumer market of 1.6 billion, because Egypt has tax-free agreements with Europe, the Middle East and Africa. In terms of policy subsidies, the Egyptian government has promised to support these projects and give certain subsidies, because they need to reduce costs and maximize their subsidies.
