LED Lights Market Outlook For UAE: Industry Report 2022-2027

[Business Point 2021]

According to the latest report by IMARC Group, titled “UAE LED Lights Market: Industry Trends, Share, Size, Growth, Opport...”, offers a detailed analysis of the market drivers, segmentation, growth opportunities, trends, and competitive landscape to understand the current and future market scenarios.

Year considered to estimate the market size:

• Base year of the analysis: 2021
• Historical period: 2016-2021
• Forecast period: 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.

Market Outlook:

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.

Market Trends

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 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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