GCC LED Lighting Market Size, Key Players, Industry Trends, Analysis and Forecast to 2027

According to the latest report by IMARC Group, titled  "𝐆𝐂𝐂 𝐋𝐄𝐃 𝐋𝐢𝐠𝐡𝐭𝐢𝐧𝐠 𝐌𝐚𝐫𝐤𝐞𝐭: 𝐈𝐧𝐝𝐮𝐬𝐭𝐫𝐲 𝐓𝐫𝐞𝐧𝐝𝐬, 𝐒𝐡𝐚𝐫𝐞, 𝐒𝐢𝐳𝐞, 𝐆𝐫𝐨𝐰𝐭𝐡, 𝐎𝐩𝐩𝐨𝐫𝐭𝐮𝐧𝐢𝐭𝐲 𝐚𝐧𝐝 𝐅𝐨𝐫𝐞𝐜𝐚𝐬𝐭 𝟐𝟎𝟐𝟐-𝟐𝟎𝟐𝟕", the GCC LED lighting market size reached a value of US$ 689.2 Million in 2021. Looking forward, IMARC Group expects the market to reach US$ 1,452.1 Million by 2027, exhibiting a CAGR of 14.1% during 2022-2027.

𝐘𝐞𝐚𝐫 𝐂𝐨𝐧𝐬𝐢𝐝𝐞𝐫𝐞𝐝 𝐭𝐨 𝐄𝐬𝐭𝐢𝐦𝐚𝐭𝐞 𝐭𝐡𝐞 𝐌𝐚𝐫𝐤𝐞𝐭 𝐒𝐢𝐳𝐞:

𝐁𝐚𝐬𝐞 𝐘𝐞𝐚𝐫 𝐨𝐟 𝐭𝐡𝐞 𝐀𝐧𝐚𝐥𝐲𝐬𝐢𝐬: 𝟐𝟎𝟐𝟏

𝐇𝐢𝐬𝐭𝐨𝐫𝐢𝐜𝐚𝐥 𝐏𝐞𝐫𝐢𝐨𝐝: 𝟐𝟎𝟏𝟔-𝟐𝟎𝟐𝟏

𝐅𝐨𝐫𝐞𝐜𝐚𝐬𝐭 𝐏𝐞𝐫𝐢𝐨𝐝: 𝟐𝟎𝟐𝟐-𝟐𝟎𝟐𝟕

𝐆𝐂𝐂 𝐋𝐄𝐃 𝐋𝐢𝐠𝐡𝐭𝐢𝐧𝐠 𝐌𝐚𝐫𝐤𝐞𝐭 𝐎𝐯𝐞𝐫𝐯𝐢𝐞𝐰:

A light-emitting diode (LED) represents a cost-efficient lighting device that allows for more innovative applications than traditional lighting systems. LED lighting systems do not contain any harmful elements, consume less energy, and offer more than 40 times the average life of incandescent lights and six times more than that of fluorescent lights. Presently, they are the most energy-efficient and one of the developing lighting technologies across the globe. As such, LED lights provide numerous benefits, including compact size, fast switching, longer lifespan, reliability, improved physical robustness, low heat output, minimum radiation emission, less power consumption, etc., over conventional lighting systems. As a result, they are replacing incandescent and fluorescent lights in the commercial, industrial, and residential sectors in GCC.

𝐃𝐨𝐰𝐧𝐥𝐨𝐚𝐝 𝐟𝐫𝐞𝐞 𝐬𝐚𝐦𝐩𝐥𝐞 𝐛𝐫𝐨𝐜𝐡𝐮𝐫𝐞: https://www.imarcgroup.com/gcc-led-lighting-market/requestsample

𝐆𝐂𝐂 𝐋𝐄𝐃 𝐋𝐢𝐠𝐡𝐭𝐢𝐧𝐠 𝐌𝐚𝐫𝐤𝐞𝐭 𝐓𝐫𝐞𝐧𝐝𝐬:

The rising number of mega-projects and the growing consumer environmental concerns are primarily augmenting the GCC LED lighting market. Furthermore, continuous advancements in the development of tourism infrastructures, including the construction of malls, hotels, public transportation systems, etc., are stimulating the market growth across the country. Apart from this, the launch of several favorable programs, including the widespread adoption of global energy-efficiency standards and the promotion of LED lights, by government bodies in GCC is acting as another significant growth-inducing factor. Moreover, the introduction of advanced architectural lighting designs featuring linear and underground LED lighting fixtures by leading manufacturers is also bolstering the market growth. Besides this, the inflating popularity of sustainable practices and the escalating demand for enhanced product variants are expected to fuel the GCC LED lighting market in the coming years.

𝐂𝐡𝐞𝐜𝐤𝐨𝐮𝐭 𝐍𝐨𝐰: https://www.imarcgroup.com/checkout?id=721&method=1

𝐆𝐂𝐂 𝐋𝐄𝐃 𝐋𝐢𝐠𝐡𝐭𝐢𝐧𝐠 𝐌𝐚𝐫𝐤𝐞𝐭 𝟐𝟎𝟐𝟐-𝟐𝟎𝟐𝟕 𝐂𝐨𝐦𝐩𝐞𝐭𝐢𝐭𝐢𝐯𝐞 𝐀𝐧𝐚𝐥𝐲𝐬𝐢𝐬 𝐚𝐧𝐝 𝐒𝐞𝐠𝐦𝐞𝐧𝐭𝐚𝐭𝐢𝐨𝐧:

𝐂𝐨𝐦𝐩𝐞𝐭𝐢𝐭𝐢𝐯𝐞 𝐋𝐚𝐧𝐝𝐬𝐜𝐚𝐩𝐞 𝐖𝐢𝐭𝐡 𝐊𝐞𝐲 𝐏𝐥𝐚𝐲𝐞𝐫𝐬:

The competitive landscape of the GCC LED lighting market has been studied in the report with the detailed profiles of the key players operating in the market.

𝐊𝐞𝐲 𝐌𝐚𝐫𝐤𝐞𝐭 𝐒𝐞𝐠𝐦𝐞𝐧𝐭𝐚𝐭𝐢𝐨𝐧:

The report has segmented the GCC LED lighting market on the basis of products and countries.

𝐁𝐫𝐞𝐚𝐤𝐮𝐩 𝐛𝐲 𝐏𝐫𝐨𝐝𝐮𝐜𝐭𝐬:

• Panel Lights
• Flood Lights
• Down Lights
• Street Lights
• Tube Lights
• Bulbs

𝐁𝐫𝐞𝐚𝐤𝐮𝐩 𝐛𝐲 𝐜𝐨𝐮𝐧𝐭𝐫𝐲:

• Saudi Arabia
• UAE
• Quatar
• Bahrain
• Quwait
• Oman

𝐀𝐬𝐤 𝐀𝐧𝐚𝐥𝐲𝐬𝐭 𝐟𝐨𝐫 𝟏𝟎% 𝐟𝐫𝐞𝐞 𝐜𝐮𝐬𝐭𝐨𝐦𝐢𝐳𝐞𝐝 𝐫𝐞𝐩𝐨𝐫𝐭: https://www.imarcgroup.com/request?type=report&id=721&flag=C

𝐊𝐞𝐲 𝐇𝐢𝐠𝐡𝐥𝐢𝐠𝐡𝐭𝐬 𝐨𝐟 𝐭𝐡𝐞 𝐑𝐞𝐩𝐨𝐫𝐭:

• Market Performance (2016-2021)
• Market Outlook (2022-2027)
• Market Trends
• Market Drivers and Success Factors
• Impact of COVID-19
• Value Chain Analysis
• 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.

𝗔𝗯𝗼𝘂𝘁 𝗨𝘀:

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC's information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company's expertise.

Our offerings include comprehensive market intelligence in the form of research reports, production cost reports, feasibility studies, and consulting services. Our team, which includes experienced researchers and analysts from various industries, is dedicated to providing high-quality data and insights to our clientele, ranging from small and medium businesses to Fortune 1000 corporations.

𝗠𝗲𝗱𝗶𝗮 𝗖𝗼𝗻𝘁𝗮𝗰𝘁:

Company Name: IMARC Group
Contact Person: Elena Anderson
Email: sales@imarcgroup.com
Phone: +1-631-791-1145
Address: 30 N Gould St Ste R
City: Sheridan
State: WY
Country: United States
Website: https://www.imarcgroup.com/

This release was published on openPR.