According to the latest report by IMARC Group, titled “UAE LED Lights Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027”, the UAE LED lights market reached a value of AED 3,152 Million in 2021. Looking forward, IMARC Group expects the market to reach AED 6,736 Million by 2027, exhibiting a CAGR of 13.2% during 2022-2027.This report can serve as an excellent guide for investors, researchers, consultants, marketing strategists and all those who are planning to foray into the market in any form.
A light-emitting diode (LED) is a semiconductor that emits visible light when an electrical current passes through. They are made from semi-conductive materials such as selenium or silicon. The lights help in reducing electricity bills by consuming less energy. These lights are cost-effective and offer a better color rendering index (CRI) than traditional incandescent bulbs. In the UAE, LED lights are witnessing significant demand on account of easy product availability through offline and online distribution channels and shifting preference for customizable LED lighting solutions.
The seven constituent monarchies in the UAE are undertaking numerous initiatives to promote the uptake of LED lights, which represents one of the primary factors bolstering the market growth. For instance, in 2018, the Roads and Transport Authority (RTA) in Dubai collaborated with Philips Lighting N.V., a Dutch multinational lighting corporation, to launch an ‘intelligent’ pedestrian lighting system and cycling track at specific locations across the region. Moreover, the growing awareness regarding sustainable development and increasing consumer expenditure power is accelerating the market growth. Besides this, the increasing electricity costs, rapid product innovations, and the growing number of infrastructural development projects are factors creating a positive outlook for the market.
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| UAE LED Lights Market Trends |
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
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UAE LED Lights Market 2022-2027 Competitive Analysis and Segmentation:
Market Segmentation:
The report has segmented the UAE LED lights market on the basis of product type, application, import and domestic manufacturing.
Breakup by Product Type:
- LED Panel Lights
- LED Downlights
- LED Street Lights
- Others
At present, LED panel lights are the most preferred product category in the country, accounting for the largest share.
Breakup by Application:
- Commercial
- Industrial
- Residential
- Others
Breakup by Import and Domestic Manufacturing:
- Import
- Domestic Manufacturing
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Key Highlights of the Report:
- Market Performance (2016-2021)
- Market Outlook (2022-2027)
- Industry Trends
- Market Drivers and Success Factors
- The Impact of COVID-19 on the Global Market
- Value Chain Analysis
- Structure of the Global Market
- Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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