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.
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:-
By LED Luminaires
Outdoor Area Lights
Other LED Lamps
By End User
By Distribution Channel
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
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)
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Ankur Gupta, Head Marketing & Communications