UAE LED Lighting Market Outlook to 2023: Ken Research

UAE LED Lighting Market Outlook to 2023
The report titled “UAE LED Lighting Market 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 provides a comprehensive analysis of UAE LED Lighting market including market evolution, overview, genesis, market size and market segmentations. Extensive focus has been placed in quantifying the industry revenue over the period, 2013-2023. The report covers aspects such as trade scenario, cost analysis, decision making process, trends and developments, issues and challenges, SWOT analysis, recent technologies, manufacturing clusters, government initiatives. Competitive landscape of major players including Philips, Osram/Ledvance, GE/Tungsram, Cree/Ruud Lighting Arabia have been extensively covered including company overview, major business strategies, USP, recent developments, major projects and other parameters. The report also covers future industry analysis (by revenue and upcoming technologies in UAE LED lighting.) The report is useful for existing lighting equipment companies, potential entrants, investors and other stakeholders to align their market centric strategies according to ongoing and expected trends in the future.

Market Overview: The UAE LED Lighting market is a booming industry backed by government initiatives. The government banned the sales of incandescent bulbs in the region in 2014 which created an opportunity for the LED lighting market to grow. The initiatives of government such as Green Building Code, UAE Vision 2021 and others, all focuses on the sustainability where the environment protection is a major concern. This led to major changes in the type of product offering by the companies in the region. The government investment to revamp the present lighting system with the LED lighting is a huge booster for the market. There are various Private Public Partnerships to support the cause. The growing awareness for the benefits of LED lighting such as no mercury usage, less emission of CO2, the savings in the electricity bill is making the product attractive to the masses. UAE LED Lighting market recorded a CAGR of 12.8% in terms of sales value during 2013-2018.

UAE LED Lighting Market Outlook to 2023

Market Segmentation

By Type of LED:  The market is dominated by the sales of LED luminaires as these are popular for the commercial usage. Lamps are preferred by the government for retrofitting the traditional lighting system with the LED lamps.

By Usage: The LED lighting products are used for indoor and outdoor lighting purposes. Indoor lighting includes the application of LED in premises such as Residential, Commercial, and Hospitality. The outdoor lighting is applied in areas such as Fa├žade lighting, Street lighting, Parking and Garage lots. The market is dominated by indoor lighting products with commercial sector contributing the highest in the overall demand.

By Sector: The LED lighting is used in the Commercial, Hospitality, Residential, Healthcare and other sector. Other sector includes Government Buildings, Airports, Public Spots, and Educational Institutions. Commercial sector dominated the market in terms of demand, followed by the hospitality sector and residential sector.

By Distribution Channel:  The market has three major modes of distributions which are: Electronic Wholesalers, Lighting Showrooms and Utilities. The rising demand for LED lights in the UAE has been a major reason for expansion of electrical wholesalers’ network across the country which caters to the requirements of commercial, hospitality, and government sectors in the market.

Competition Stage and Positioning:  The market is highly fragmented with more than 150 players present in the market. The domestic companies in the market are not able to compete with the international players because they lack in the resources for huge investments in R&D, and marketing & promotion. The major competing parameters for the players are diverse product portfolio, the energy efficiency, the product life output, after sales services offered, brand name. The top five major players present in the market are Philips, Osram/Ledvance, GE/Tungsram, Cree/Ruud Lighting Arabia and Zumbotel.

Future Analysis and Projections: It is estimated that the UAE LED lighting market will register a CAGR of 12.1% from 2019 to 2023, driven on the back of in the construction of commercial and hospitality space. This will be supported by the retrofitting projects across the various emirates and increase in the awareness for environment friendly lighting products in the region and governments initiatives and investments to change the traditional lighting system with LED products.

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Ken Research
Ankur Gupta, Head Marketing & Communications


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