Press release
GCC LED Lighting Market Size, Trends, Growth Factors, Opportunity and Forecast to 2028
Report Highlights:
How big is the GCC LED lighting market?
The GCC LED lighting market size reached US$ 2,314 Million in 2022. Looking forward, IMARC Group expects the market to reach US$ 5,455 Million by 2028, exhibiting a growth rate (CAGR) of 15.1% during 2023-2028.
What is LED Lighting?
LED lighting, known for its exceptional energy efficiency, has garnered widespread approval thanks to its numerous advantages. In contrast to conventional incandescent bulbs, LEDs transform approximately 95% of energy into illumination and only 5% into heat, resulting in substantial energy savings and cost reduction. Furthermore, LED lighting boasts an extended lifespan, often exceeding that of traditional bulbs by up to 25 times. This technology also offers versatility through a broad spectrum of color temperatures and brightness levels, making it suitable for diverse applications, including residential, commercial, automotive, and industrial settings.
๐๐๐ญ ๐ ๐๐๐ฆ๐ฉ๐ฅ๐ ๐๐จ๐ฉ๐ฒ ๐จ๐ ๐ญ๐ก๐ข๐ฌ ๐๐๐ฉ๐จ๐ซ๐ญ: https://www.imarcgroup.com/gcc-led-lighting-market/requestsample
GCC LED Lighting Market Trends:
The thriving tourism and hospitality industries in the GCC region are driving the demand for visually pleasing and energy-efficient lighting solutions, serving as a pivotal factor fueling market growth throughout the GCC area. In conjunction with this trend, the increasing integration of LED lighting with intelligent control systems and home automation aligns with the modernization wave in the GCC region, fostering market expansion. GCC governments are actively advocating for energy efficiency measures to curtail electricity consumption. This advocacy encompasses the promotion of LED lighting through regulations, subsidies, and incentives. The rapid urbanization and proliferation of infrastructure projects in GCC cities necessitate innovative lighting solutions, and LED lighting, renowned for its efficiency and design versatility, stands as the preferred choice. With a growing emphasis on sustainability, the adoption of LED lighting is driven by its lower carbon footprint and the absence of harmful substances like mercury. The cost savings stemming from LED lighting's efficiency is an enticing factor for both commercial and residential consumers in the GCC region. The continuous advancements in LED technology, delivering superior quality, functionality, and durability, render it an attractive choice for various applications, thereby creating a positive market outlook across the region.
GCC LED Lighting Market 2023-2028 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 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:
โข Panel Lights
โข Flood Lights
โข Down Lights
โข Street Lights
โข Tube Lights
โข Bulbs
Breakup by country:
โข Saudi Arabia
โข UAE
โข Quatar
โข Bahrain
โข Quwait
โข Oman
๐๐ฌ๐ค ๐๐ง๐๐ฅ๐ฒ๐ฌ๐ญ ๐๐จ๐ซ ๐๐ฎ๐ฌ๐ญ๐จ๐ฆ๐ข๐ณ๐๐ญ๐ข๐จ๐ง ๐๐ง๐ ๐๐ซ๐จ๐ฐ๐ฌ๐ ๐๐ฎ๐ฅ๐ฅ ๐ซ๐๐ฉ๐จ๐ซ๐ญ ๐ฐ๐ข๐ญ๐ก ๐๐๐ & ๐๐ข๐ฌ๐ญ ๐จ๐ ๐ ๐ข๐ ๐ฎ๐ซ๐: https://www.imarcgroup.com/request?type=report&id=721&flag=C
If you require any specific information that is not covered currently within the scope of the report, we will provide the same as a part of the customization.
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๐๐ฏ๐ผ๐๐ ๐จ๐:
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.
๐๐ผ๐ป๐๐ฎ๐ฐ๐ ๐จ๐ฆ:
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Email: sales@imarcgroup.com
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