openPR Logo
Press release

GCC LED Lighting Market 2017 - Philips, General Electric, Osram

09-20-2017 08:59 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: IMARC Group

GCC LED Lighting Market 2017 - Philips, General Electric, Osram

The GCC LED lighting market has witnessed a robust growth over the past few years. Some of the major driving factors include growing population, energy- and cost-efficiency of LED lights, government support and increased construction activities in the region.

Request a free sample copy of the report: http://www.imarcgroup.com/request?type=report&id=721&flag=B

IMARC Group’s latest report, titled “GCC LED Lighting Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2017-2022”, finds that the GCC LED lighting market reached a value of more than SAR 1,170 Million in 2016, growing at a CAGR of around 21% during 2009-2016. Light Emitting Diodes (LEDs) are semiconductor devices which emit visible light when an electric current is passed through them. These devices have exceptionally long life and significant potential to reduce electricity consumption, leading to financial savings for the consumers. Apart from this, LED lighting products also reduce greenhouse gas emissions, thereby contributing to a greener environment. As a result, LED lights are rapidly replacing incandescent and fluorescent lights, especially in the commercial and residential sectors in the GCC region.

Highlights of the GCC LED Lighting Market:

Government policies and advantages offered by LED lights represent the primary growth-inducing factors.

Based on product type, panel lights hold the majority of the market share.

Saudi Arabia holds the majority of the total share, representing the largest market.

Legislations by the governments mandating the use of LED lights on account of their energy-efficient characteristics as well as the growing environmental concerns among the consumers have facilitated the expansion of the LED lighting market in the GCC region. Despite the higher initial cost of LED lighting fixtures, people’s inclination towards long-term financial benefits is also boosting the demand for LED lighting solutions. Further, the upcoming UAE World Expo in 2020 and the FIFA World Cup in 2022 have been positively influencing the market, resulting in an increased demand for LED lights in the region. Some of the other factors driving the growth of the GCC LED lighting market include growing population, rising disposable incomes, increased construction activities and rapid urbanisation. According to the report, the market is further expected to reach a value of around SAR 2,953 Million by 2022.

The market has been segmented on the basis of product type. Currently, panel lights account for the majority of the market share. Based on application, commercial sector dominates the market followed by industrial and residential sectors. Further, LED lights are primarily used for indoor applications over outdoor applications in the GCC region. Region-wise, Saudi Arabia represents the biggest consumer of GCC LED lighting, accounting for the majority of the total share. The other major markets include UAE, Qatar, Oman, Kuwait and Bahrain. Top three key players operating in the market are Philips, General Electric (GE) and Osram.

Read full report with TOC @ http://www.imarcgroup.com/gcc-led-lighting-market

The report has examined the GCC LED lighting market on the basis of:

Type:

Panel Lights
Down Lights
Street Lights
Others

Application:

Commercial Sector
Industrial Segment
Residential Segment

Region:

Saudi Arabia
UAE
Qatar
Oman
Kuwait
Bahrain

Major Manufacturers:

Philips
General Electric
Osram

Browse related reports :

UAE LED Lights Market @ http://www.imarcgroup.com/led-lights-market-uae

Saudi Arabia LED Lights Market @ http://www.imarcgroup.com/saudi-arabia-led-lights-market

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.

Contact us

IMARC Group
309 2nd St, Brooklyn, NY 11215, USA
Website: www.imarcgroup.com
Email: sales@imarcgroup.com
USA: +1-631-791-1145
Follow us on twitter: @imarcglobal

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release GCC LED Lighting Market 2017 - Philips, General Electric, Osram here

News-ID: 727474 • Views:

More Releases from IMARC Group

GCC Pet Food Market Size is Expected to Reach USD 422.9 Million By 2033 | CAGR: 5.3%
GCC Pet Food Market Size is Expected to Reach USD 422.9 Million By 2033 | CAGR: …
GCC Pet Food Market Overview Market Size in 2024: USD 266.2 Million Market Size in 2033: USD 422.9 Million Market Growth Rate 2025-2033: 5.3% According to IMARC Group's latest research publication, "GCC Pet Food Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2025-2033", the GCC pet food market size was valued at USD 266.2 Million in 2024. Looking forward, IMARC Group estimates the market to reach USD 422.9 Million by 2033, exhibiting a
GCC Residential Real Estate Market Size to Worth USD 147.77 Billion by 2033 | With a 7.50% CAGR
GCC Residential Real Estate Market Size to Worth USD 147.77 Billion by 2033 | Wi …
GCC Residential Real Estate Market Overview Market Size in 2024: USD 73.31 Billion Market Size in 2033: USD 147.77 Billion Market Growth Rate 2025-2033: 7.50% According to IMARC Group's latest research publication, "GCC Residential Real Estate Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2025-2033", the GCC residential real estate market size was valued at USD 73.31 Billion in 2024. Looking forward, IMARC Group estimates the market to reach USD 147.77 Billion by
GCC Drones Market Size to Surpass USD 2,005.3 Million by 2033 | With a 13.3% CAGR
GCC Drones Market Size to Surpass USD 2,005.3 Million by 2033 | With a 13.3% CAG …
GCC Drones Market Overview Market Size in 2024: USD 588.2 Million Market Size in 2033: USD 2,005.3 Million Market Growth Rate 2025-2033: 13.3% According to IMARC Group's latest research publication, "GCC Drones Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2025-2033", The GCC drones market size was valued at USD 588.2 Million in 2024. Looking forward, IMARC Group estimates the market to reach USD 2,005.3 Million by 2033, exhibiting a growth rate of
Medical Imaging Market to Surpass USD 70.8 Billion by 2033, at a CAGR of 5.03%
Medical Imaging Market to Surpass USD 70.8 Billion by 2033, at a CAGR of 5.03%
Market Overview: The medical imaging market is experiencing rapid growth, driven by Growing Burden of Chronic and Age-Related Diseases, Expansion of Government-Funded Health Infrastructure and Technological Advancements in Imaging Modalities. According to IMARC Group's latest research publication, "Medical Imaging Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2025-2033", The global medical imaging market size reached USD 44.5 Billion in 2024. Looking forward, IMARC Group expects the market to reach

All 5 Releases


More Releases for LED

HSC LED Successfully Delivers Taxi LED Displays to Moldova
HSC LED [https://www.hscled.com/] is pleased to announce the successful completion of a major project involving the delivery of taxi LED displays to Moldova. This achievement underscores our dedication to providing high-quality, innovative LED display solutions to global markets. Image: https://www.abnewswire.com/upload/2025/03/c632e02b61fa3f45fb036d4012a026b5.jpg This project involved the production and deployment of state-of-the-art taxi top LED displays, designed for high visibility, durability, and intelligent operation. Equipped with high brightness levels, waterproof protection, and efficient heat dissipation,
Enhancing LED Lighting: What is a reflective LED light?
Nowadays, LED lights [https://www.cnblight.com/products/] have become the mainstream of lighting. There is an interesting question, why do LED lights in homes nowadays, whether they are desk lamps, pendant lamps, ceiling lamps, etc., often need to add a lamp shell? You should know that LED lights emit solid light, unlike traditional lamps such as incandescent lamps and fluorescent lamps, which require a lamp shell on the outside. There are many reasons that
Global Backlight LED Market| Global Backlight LED Industry | Backlight LED Marke …
The backlight LED market comprises of sales of Backlight LED & related services. LED backlight is a flat panel display that uses LED backlighting instead of cold cathode fluorescent (CCFL) backlighting. LED backlight displays also use thin-film-transistor liquid-crystal display (TFT LCD) technologies that offer better contrast and brightness, reduced energy consumption, greater color range more quick response to changes in the scene, and photorefractive effects. These displays are small chips
Global LED Packaging Market Size Detail Analysis focusing Market Segmentation li …
Global LED Packaging Market Size Detail Analysis focusing Market Segmentation like Lamp-LED, Side-LED, TOP-LED, High-Power LED, SMD-LED, and Flip-Chip LED & more The LED market is one of the quickly growing segments as they are replacing the traditional lighting equipment like bulbs due to their high efficiency and power saving capability. The LED packaging industry is also growing with innovations along with the LED industry as new technologies are being included
Global LED Driver (LED Lighting Driver) Market Research Report
This report studies the global LED Driver (LED Lighting Driver) market status and forecast, categorizes the global LED Driver (LED Lighting Driver) market size (value & volume) by manufacturers, type, application, and region. This report focuses on the top manufacturers in United States, Europe, China, Japan, South Korea and Taiwan and other regions. Get sample copy of the report: https://www.marketdensity.com/contact?ref=Sample&reportid=68754 Table of Contents: Table of Contents Global LED Driver (LED Lighting Driver) Market Research Report
LED Driver And Chipset Market - Tax Exemptions For LED Technology Encourage Use …
Transparency Market Research, in a report titled “LED Driver and Chipset Market - Global Industry Analysis, Trend, Size, Share and Forecast 2015 - 2021,” states that the global LED driver and chipset market is projected to expand at a remarkable CAGR of 23.20% during the forecast period. The report states that the outstanding growth of the overall LED market in recent times will push the value of the LED driver