UAE LED Lighting Market is Expected to Reach over AED 2.7 Billion by 2023 with increase in the retrofitting projects and governments policies to reduce the electricity consumption by 30% by the year 2030: Ken Research

• There will be decrease in the share of project sales whereas the retail sales will increase their market share in term of revenue due development of the retail channel and increase in the replacement of the lighting. The demand will be fueled by major areas such as Dubai, Abu Dhabi and Sharjah.
• The major reasons for the increase in future demand will be the growth in the office supply due to the Dubai Expo 2020 and Global events happening in the GCC region, increase in the awareness for the sustainable and environment friendly electrical products, introduction of new technology integrated products by the companies in the UAE LED lighting market.

Growth in End User Sector: Growth in UAE LED Lighting market size in future shall be facilitated by growth in the construction of the commercial buildings as the sector is growing with the increase in the presence of global corporate in the region. The Hospitality sector is also increasing with the construction of high and mid-tier hotels because of the increase in tourism and major events happening in the GCC region in the coming year such as FIFA World Cup, Dubai Expo etc.

Retrofitting Projects: The retrofitting projects will be another major reason for increase in the market for the LED lighting products. For instance, Dubai will retrofit 30,000 of their building lighting till 2030 as per the Dubai Retrofit Program 2030, in addition ESCO also announced to launch AED 160 million of new and retrofitting projects. It is estimated that major global companies will move their regional headquarters to UAE, as the region is a strategically perfect fit for entering the Middle East and MENA region.

Government Initiatives: The government is promoting the usage of LED lighting and making policy changes in order to boost the LED lighting applications. They are investing significant amount in replacing the traditional lighting system in the public places with the LED Lighting systems. The demand for new innovative lighting system will increase and the market will witness the presence of some of the most technologically advance LED lighting systems such as sensor based lamp and luminaires which will track the human behavior and adjust the lighting as per the need for maximum efficiency. The products will change from the lighting benefit to Lighting as a Service (LaaS) industry.

Analysts at Ken Research in their latest publication “UAE LED Lighting Outlook to 2023- By LEDs Lamps (LED Reflectors, LED Tubes, Others); Luminaires (Downlights, Troffers, Outdoor Area Lights, Roadway Fixtures, Spot Lights and Other Luminaires), By Usage (Indoor and Outdoor), By End Users” suggests that the key growth is in development of the construction space in the commercial and hospitality sector. This would lead the market to grow registering a CAGR close to 12% during the year 2019-2023. The market is further expected to be driven by new companies, both domestic and international, that are entering the market.

For more information on market research report, please refer to the link below:
https://www.kenresearch.com/consumer-products-and-retail/consumer-electronics/uae-led-lighting-market/193269-95.html

Key Segments Covered
• By LED Luminaires
 Downlights
 Troffers
 Outdoor Area Lights
 Roadway Fixtures
 Spot Lights
 Other Luminaires
• LED Lamps
 LED Reflectors
 LED Tubes
 Other LED Lamps
• By Usage
 Indoor
 Outdoor
• By End User
 Commercial
 Hospitality
 Residential
 Healthcare
 Industrial
 Others
• By Distribution Channel
 Electric Wholesalers,
 Lighting Showrooms,
 Utilities
 Others
• By Retail and Project Sales

Key Target Audience
• Existing LED Lighting Manufacturers in UAE
• New Market Entrants- Domestic OEMs
• New Market Entrants- Foreign OEMs
• Real Estate Companies
• Government Bodies
• Investors & Venture Capital Firms
• Lighting Equipment Manufacturers and Importers
• LED Lighting Retail Chains
• Lighting Equipment Distributors
• Lighting Equipment Associations

Time Period Captured in the Report:
• 2013-2018 – Historical Period
• 2013-2023 – Future Forecast

Companies Covered: Philips, Osram/Ledvance, Cree/Ruud Lighting Arabia, Zumbotel, GE/Tungsram, Felio Sylvania, Success Electronics & Transformer Manufacturer Pvt. Ltd (Nikkon Lighting), NVC Lighting, Istanbul Lighting (Confirm About Cooper and Designo)

Key Topics Covered in the Reports
• Overview and Genesis For the UAE LED Lighting Market
• UAE LED Lighting Market Value Chain Analysis
• Major Entities Involved in Value Chain and their Strategies
• UAE LED Lighting Market Size, 2013-2018, By Sales Value
• UAE LED Lighting Market Segmentation, By Type of LEDs
• UAE LED Lighting Market Segmentation, By Usage
• UAE LED Lighting Market Segmentation, By Sector
• UAE LED Lighting Market Segmentation, By Distribution Channel
• UAE LED Lighting Market Segmentation, By Sales
• Cost Analysis/ Cost Component for LED Lighting in the UAE Market
• Decision Making Process Before Purchasing LED Lighting in the UAE Market
• Trends and Developments in the UAE LED Lighting Market
• Issues and Challenges in UAE LED Lighting Market
• SWOT Analysis for the UAE LED Lighting Market
• Recent Technologies in UAE LED Lighting Market
• Manufacturing Clusters for LED and Component Manufacturers in the UAE
• Government Initiatives and Regulations in the UAE LED Lighting Market
• Market shares of major players in UAE LED Lighting Market
• Competitive Scenario in UAE LED Lighting Market
• Competitive Landscape of Major Players in UAE LED Lighting Market
• UAE LED Lighting Market Future Outlook and Projections, By Revenues, 2019-2023
• UAE LED Lighting Market Future Outlook and Projections, By upcoming Technologies in the Lighting Market
• Analyst Recommendations

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https://www.kenresearch.ae/consumer-products-and-retail/consumer-electronics/us-led-lighting-market-report/96117-95.html

https://www.kenresearch.ae/energy-and-utilities/power/india-led-lighting-market-research-report/617-103.html

https://www.kenresearch.com/consumer-products-and-retail/consumer-electronics/south-korea-led-lighting-market-research-report/532-95.html

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Ken Research
Ankur Gupta, Head Marketing & Communications
Ankur@kenresearch.com
+91-9015378249

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