Major Government Initiatives Influencing
UAE LED Lighting Market
Middle East Smart Lighting & Energy Summit: This event was started in 2011 by the
UAE government as there was record population growth and urban development,
governments and municipalities wanted to improve efficient lighting. Government
started the Middle East Lighting and Energy Summit with an aim to provide a
platform for senior representatives, government officials, municipalities,
architects and engineers to explore challenges and opportunities in smart
lighting, discover the products available on the market and to educate
stakeholders on best practices involved in sustainable lighting design and
installations.
Other Projects: In 2012, as per Abu Dhabi Sustainability Public Lighting
Strategy, existing light standards were retrofitted with new LED fixtures. The
Municipality of Abu Dhabi replaced ~ number of streetlights with LED fixtures,
a move that may save up to AED ~ million in energy costs. In 2015, Economic
Zones World (EWZ) signed a memorandum of understanding with the Etihad ESCO to
retrofit the existing buildings. The first phase of the project was to retrofit
~ number of staff accommodation buildings and replacement ~ number of old light
fixtures with high-efficiency LEDs.
What is the competition
scenerio in the UAE led lighting market?
The UAE
LED lighting market was valued at a size of ~AED Million and registered
a growth of ~% in 2018. Philips made the
maximum sales of ~ AED million followed by Osram/Ledvance achieving sales of ~
AED million for year 2018. There are more than 150 branded lighting companies
present in the market including big global lighting giants such as Philips, GE,
Cree and others. The sector demands huge
investments which has restricted the growth of domestic companies. The
competition is so intense that none of the companies have a market share of more
than 10%. The competition among companies is derived by the rapid changes in
the technology, introduction of new LED products, long product life cycles,
changing customer requirements, relations with the wholesalers, number of
retail.
The
competition in project sales revolves around few major factors such as energy
efficiency of the product, product range, product longevity and price, whereas
in retail sales, price and product availability becomes major factors of competiton.
The LED lighting systems are generally expensive in terms of procurement and installation costs
in comparison to the other available lighting products. But, LED lighting
products are superior in energy saving, are long lasting and have improved
lighting quality and brightness with an added advantage of low maintenance cost. Major companies in UAE
LED Lighting market are focussing on introducing innovative lighting products
frequently owing to rapid change in technology and frequent change in customer
requirements with a keen importance of customization and reducing product
costs.
What is the Future Outlook for
UAE LED Lighting Market?
The UAE LED lighting
market is expected to register a CAGR of ~% from 2019 to 2023, the growth will
be derived by factors such as increase in the construction of commercial and hospitality
space, retrofitting projects across the various emirates, increase in the
awareness for environment friendly lighting among the user groups and
governments initiatives to change the traditional lighting system with LED
products. The market will witness the launch of new innovative lighting systems
which will result to new cost effective lighting practices in the region. There
will be a drop in the power consumption for the lighting purposes. The
government initiatives to boost the domestic manufacturing and increase the
foreign investments will help in raising the manufacturing facilities in the
region and will shift the market structure from import driven to domestic
manufacturing. The UAE LED lighting
market is expected to generate revenue of AED ~ million by 2023.
Keywords:-
LED
Lighting Industry In UAE
UAE LED Lighting Market Analysis
UAE LED Lighting Market Overview
UAE LED Lighting Market Revenue
UAE LED Lighting Market Size
UAE LED Lighting Market Shares
UAE LED Lamps Market
UAE LED Lights Imports
GCC LED Lighting Market
Major Players MENA LED Lighting
LED Lighting Market Analysis
Philips LED Luminaires UAE
Cree LED Luminaires UAE
Zumbotel LED Luminaires UAE
Key
Segments Covered:-
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)
To know more, click on the link below:-
Related
Reports:-
Contact Us:-
Ken Research
Ankur Gupta, Head Marketing & Communications
Sales@kenresearch.com
+91-9015378249
Ken Research
Ankur Gupta, Head Marketing & Communications
Sales@kenresearch.com
+91-9015378249
