LED lights represent affordable and energy-efficient lighting systems, which are now widely available in the UAE. These lights are extensively replacing the traditional sources of lighting, such as fluorescent lights, as they offer a considerably longer life-span. Apart from this, LED lights are recyclable; contain no harmful gases and substances like mercury, lead or other hazardous chemicals; and involve lesser maintenance and waste management procedures. These have emerged as the major factors for the growth of the market in the UAE. IMARC Group’s latest report titled, “UAE LED Lights Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2018-2023”, finds that the market reached a value of AED 1,687 Million in 2017, growing at a CAGR of more than 22% during 2010-2017.
The increasing investments for infrastructural developments in the retail, industrial and commercial sectors, and the emergence of entertainment sector are providing impetus to the growth of the LED market in the region. Apart from this, an active participation by the government of UAE is also contributing in encouraging the market for LED lights. In 2014, the government prohibited the sale of inefficient light bulbs and issued regulations promoting the use of energy-efficient lighting products. Owing to these factors, the market is further expected to reach a value of around AED 4,226 Million by 2023.
The report has segmented the UAE LED lighting market on the basis of type, covering panel lights, downlight, street lights and others. Currently, panel lights account for the largest market share in the country. The report has also segmented the market on the basis on application. The key applications of LED lights include commercial, residential, industrial and others. The report has further analysed the competitive landscape of the market, with some of the key players being Philips, General Electric and Osram.
This report provides a deep insight into the UAE LED lighting industry covering all its essential aspects. This ranges from macro overview of the market to micro details of the industry performance, recent trends, key market drivers and challenges, SWOT analysis, Porter’s five forces analysis, value chain analysis, etc. The report also provides a comprehensive analysis for setting up a LED lighting manufacturing plant. The study analyses the processing and manufacturing requirements, project cost, project funding, project economics, expected returns on investment, profit margins, etc. This report is a must-read for entrepreneurs, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the UAE LED lighting industry in any manner.
Key Questions Answered in This Report:
REACH OUT TO US
Call us on
( US: +1-631-791-1145 )
( UK: +44-702-409-7331 )
( India: +91-120-433-0800 )
Drop us an email at