United Arab Emirates (UAE) LED Lighting Market Overview, 2028

United Arab Emirates (UAE) LED Lighting Market Overview, 2028

Actual Market Research 31-12-2022 63 Pages Figures : 6 Tables : 13 Region : MEA Country : United Arab Emirates Category : Energy & Utility Lighting & Luminaires

A light-emitting diode (LED) is a semiconductor device that emits light when an electric current is applied to it. LEDs are defined as cutting-edge technology that is employed for energy-efficient lighting. They contribute greatly to lower electricity bills by consuming roughly 85% less energy than incandescent or halogen lights. LED lights also have a longer lifespan, are more durable, and provide greater light quality. Because of these characteristics, these lighting systems are now used in a wide range of commercial and residential products, including modular lighting, refrigerated case illumination, task lighting, kitchen under-cabinet lighting, and recessed downlights. Due to multiple infrastructure projects and increased knowledge about the use of such systems in the United Arab Emirates (UAE), such systems have gained enormous popularity. As per some reports, Electricity consumption in the United Arab Emirates was reported to be 130,280.437 GWh in 2020. This is a drop from the previous year's total of 131,442.880 GWh. Electricity consumption in the United Arab Emirates is updated yearly, with an average of 98,481.000 GWh from December 2003 to 2020 and 18 observations. The statistics set a new high of 131,442.880 GWh in 2019 and a low of 48,155.000 GWh in 2003. The data for United Arab Emirates Electricity Consumption is still active in CEIC and is reported by the Ministry of Energy and Infrastructure. According to the research report, provided by Bonafide research “UAE LED Lighting Market, Overview 2028”, is expected to add USD 1.05 Billion in terms of Market Size by 2028. During the forecast period, the increased popularity of LEDs as a light source is expected to boost the growth of the LED lighting market. Furthermore, decreasing LED prices reduced heat losses, and increased acceptance of LED lighting in various end applications such as industrial buildings, residential, and commercial buildings are likely to fuel the LED lighting market's growth. Furthermore, favorable government regulatory regulations are projected to help the interior LED lighting market flourish. A lack of awareness regarding the cost of installation, on the other hand, is likely to hinder the expansion of the LED lighting market over the projection period. Furthermore, technological research and development, as well as different product designs by LED light manufacturers, will provide considerable opportunities for growth in the LED lighting sector in the next years. However, the emergence of alternative technologies shortly may offer significant hurdles to the LED lighting market's growth. Leading authorities are constantly working to improve existing infrastructure by spending significant sums on R&D operations. Outdoor lighting systems are likewise transitioning from on/off to smart luminescence. Market participants have begun to incorporate technologies such as the internet of things and artificial intelligence, which may provide customers with real-time updates and information and allow them to make informed decisions. The UAE Vision 2021 calls for the installation of smart lighting solutions in all airports, ports, roadways, and other public infrastructure. For example, in Abu Dhabi, the government is planning to replace thousands of lamps as part of a big energy-efficiency program. Tatweer has been granted the contract by the municipality to install 43,000 LED lights across the United Arab Emirates. Over the life of the 12-year agreement, this project is estimated to save around 900 million kilowatt-hours of energy. In addition, as part of its Dubai Renewable Energy Strategy, the Dubai government has set a target of producing 75 percent of energy from clean sources by 2050. The Jumeirah Corniche has an energy-saving technology that activates when it recognizes bikes and pedestrians. This is an experimental project run by Philips Lighting with Dubai's Roads and Transport Authority. Recent Development: • In 2016, the Emirates Authority for Standardization and Metrology (ESMA), Abu Dhabi Commercial Bank (ADCB), and Dubai Electricity and Water Authority launched a statewide campaign dubbed 'I LED the Way' (Dewa). The eco-program, which lasted a year, attempted to organize community engagement, awareness campaigns, and green activities. During this time, all ESMA-certified high-efficiency LED lighting items were sold at a 25% discount at select Dubai merchants. • The Roads and Transport Authority (RTA) of Dubai cooperated with Philips Lighting, a Dutch-based LED lighting solutions company, to launch an 'intelligent' cycling track and pedestrian lighting system at Jumeirah Corniche in 2018. The method makes use of sophisticated sensors to alter the light intensity and track traffic movement on the route. • Dubai Properties (DP), the UAE-based real estate master developer, offered energy efficiency retrofit solutions to minimize electricity expenses at its Business Bay Executive Towers in 2018. It invested around $272,000 to install energy-saving technology in eleven of its community's buildings. It collaborated with Honeywell, a US-based multinational, and Signify, a subsidiary of Philips Lighting. During this collaboration, Signify installed LED lighting in residential car parks and structures, as well as retrofitted almost 16,000 lamps. • Ras Al Khaimah Economic Zone (RAKEZ), a UAE-based customizable solutions provider, inked a contract with Smart4Power, a UAE-based energy efficiency solutions supplier, in 2019 to launch a retrofit project encompassing nine buildings, including a district cooling plant. According to the agreement, Smart4Power will implement a variety of energy and water conservation initiatives, including LED light replacements, the addition of adiabatic cooling for chillers, cooling system improvements, and the installation of water-saving devices. COVID-19 Impacts: The lighting business, like many other industries in UAE, was impacted by COVID-19 since supplies of electrical materials were disrupted due to a shutdown in several foreign nations. The market recorded a decrease in the pandemic scenario and a decrease in total market value. However, the growth momentum is expected to quickly rebound. COVID-19 has had an impact on the initial or starting node of the market value chain, namely lighting product producers. Furthermore, the market is seeing a pause in production and disruption in the supply chain, resulting in reduced industrial output growth and a fall in light manufacturing output across major manufacturing hubs. Considered in this report • Geography: UAE • Historic year: 2017 • Base year: 2022 • Estimated year: 2023 • Forecast year: 2028 Aspects covered in this report • UAE LED lighting market with its value and forecast along with its segments • Various drivers and challenges • On-going trends and developments • Top profiled companies • Strategic recommendation By Product Type: • Lamps : • A-Type • T-type • Others (Can LED light bulbs, Flood LED light bulbs, Track LED light bulbs, Tube LED light bulbs, Etc.) • Luminaries : • Downlighting • Decorative • Directional • Others By Application: • Indoor • Outdoor By Sales Channel: • Retail/ Wholesale • Direct Sale • E-commerce By Installation Type: • New • Retrofit The approach of the report: This report consists of a combined approach of primary as well as secondary research. Initially, secondary research was used to get an understanding of the market and list out the companies that are present in the market. The secondary research consists of third-party sources such as press releases, annual reports of companies, and analyzing government-generated reports and databases. After gathering the data from secondary sources primary research was conducted by making telephonic interviews with the leading players about how the market is functioning and then conducting trade calls with dealers and distributors of the market. Post this we have started doing primary calls to consumers by equally segmenting consumers into regional aspects, tier aspects, age groups, and gender. Once we have primary data with us we started verifying the details obtained from secondary sources. Intended audience This report can be useful to industry consultants, manufacturers, suppliers, associations & organizations related to the LED Lighting industry, government bodies, and other stakeholders to align their market-centric strategies. In addition to marketing & presentations, it will also increase competitive knowledge about the industry.

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