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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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