UAE LED Lights Market to Reach AED 10,950.2 Million by 2032, Impelled by Enhanced Focus on Sustainable Development

January 12, 2022 | Electronics and Semiconductors

According to the latest report by IMARC Group, titled "UAE LED Lights Market Report by Product Type (LED Panel Lights, LED Downlights, LED Street Lights, and Others), Application (Commercial, Industrial, Residential, and Others), Import and Domestic Manufacturing (Import, Domestic Manufacturing) 2024-2032," the UAE LED lights market reached a value of AED 4,089.5 Million in 2023. A light-emitting diode (LED) refers to a semiconductor device that is generally equipped with electronics. It is an energy-efficient solution that is widely used in the manufacturing of lighting devices. In comparison to the traditional incandescent bulbs, these lights offer an excellent color rendering index (CRI) in a cost-efficient manner. Apart from this, these lights have a relatively longer lifespan with little to no maintenance. Additionally, due to the easy product availability through online and offline organized distribution channels, along with the rising preference for customizable LED lighting solutions, LED lights are gaining widespread prominence across the country.

UAE LED Lights Market Trends:

The market in UAE is primarily driven by the increasing awareness regarding sustainable development among the masses. This has led to the rising adoption of LED lights as they are eco-friendly and provide the same illumination output as traditional bulbs. In line with this, the increasing number of infrastructural development projects across the country have bolstered the demand for the product significantly. Along with this, various technological advancements, such as the introduction of smart lighting solutions, are positively influencing the market growth. Furthermore, leading players are heavily investing in launching compact-sized LED light variants, which is creating a positive outlook for the market. The market is further driven by the widespread utilization of the product in the manufacturing of automobile lighting systems. Some of the other factors contributing to the market growth include a continual rise in electricity costs, continuous product innovations, and numerous initiatives undertaken by the government to promote the uptake of LED lights across the UAE. On account of the aforementioned factors, the market is anticipated to reach a value of AED 10,950.2 Million by 2032, expanding at a CAGR of 11.2% during 2024-2032.

Market Summary:

  • On the basis of the product type, the market has been segmented into LED panel lights, LED downlights, LED streetlights and others. Among these, LED panel lights account for the largest market share.
  • Based on the application, the market has been classified into commercial, industrial, residential and others. Currently, the commercial spaces represent the leading market segment.
  • The market has been bifurcated into import and domestic manufacturing. Presently, imports hold the leading position in the market.
  • The competitive landscape of the market has been studied in the report with the detailed profiles of the key players.
     

Report Coverage:

Report Features Details
Base Year of the Analysis 2023
Historical Period 2018-2023
Forecast Period 2024-2032
Units AED Million 
Scope of the Report
Exploration of Historical and Forecast Trends, Industry Catalysts and Challenges, Segment-Wise Historical and Predictive Market Assessment:
  • Product Type
  • Application
  • Import and Domestic Manufacturing
Product Types Covered LED Panel Lights, LED Downlights, LED Street Lights, Others
Applications Covered Commercial, Industrial, Residential, Others
Import and Domestic Manufacturings Covered Import, Domestic Manufacturing
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 3699
Five User License: US$ 4699
Corporate License: US$ 5699
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)


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UAE LED Lights Market to Reach AED 10,950.2 Million by 2032, Impelled by Enhanced Focus on Sustainable Development
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