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The UAE LED lights market reached a value of AED 2,736 Million in 2020. Looking forward, IMARC Group expects the market to grow at a CAGR of around 12% during 2021-2026. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use sectors. These insights are included in the report as a major market contributor.
A light-emitting diode (LED) is defined as a semiconductor device that generates light when an electric current passes through it. LEDs are described as modern technology and are used for energy-efficient lighting. They significantly help in reducing electricity bills by using nearly 85% lesser energy than incandescent or halogen lights. Also, LED lights have a longer lifespan, are durable and offer better light quality. Owing to these properties, these lighting systems are currently employed in a wide variety of industrial and home products, such as modular lighting, refrigerated case lighting, task lighting, kitchen under-cabinet lighting, and recessed downlights. In the United Arab Emirates (UAE), such systems have been gaining immense traction on account of numerous infrastructure projects and the growing awareness regarding the usage of energy-efficient systems.
Over the past five years, the LED lighting industry has witnessed exponential growth in the country driven by the reviving real estate market. Some of the leading projects and initiatives, which have been fueling this growth are mentioned below:
Breakup by Product Type:
At present, LED panel lights are the most preferred product category in the country, accounting for the largest share.
Breakup by Application:
Amongst these, the majority of lighting systems are installed in commercial spaces.
Breakup by Import and Domestic Manufacturing:
Currently, imports exhibit a clear dominance in the UAE LED lights market.
The competitive landscape of the market has been examined in the report and the profiles of key players have also been provided.
The UAE LED lights market was valued at AED 2,736 Million in 2020.
We expect the UAE LED lights market to exhibit a CAGR of around 12% during 2021-2026.
The rising infrastructural developments across the retail, industrial and commercial sectors are currently driving the UAE LED lights market.
Sudden outbreak of the COVID-19 pandemic had led to the implementation of stringent lockdown regulations across the nation resulting in temporary closure of numerous manufacturing units and disrupted supply chains for LED lights.
Based on the product type, the UAE LED lights market has been segregated into LED panel lights, LED downlights, LED street lights, and others, where LED panel lights currently represent the largest segment.
Based on the application, the UAE LED lights market can be categorized into commercial, industrial, residential, and others. Among these, the commercial sector exhibits a clear dominance in the market.
Based on the import and domestic manufacturing, the UAE LED lights market can be segmented into import and domestic manufacturing. Currently, import represents the largest segment.
Some of the major players in the UAE LED lights market include Philips, General Electric, and Osram.
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