UAE LED Lights Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

The UAE LED lights market reached a value of AED 3,152 Million in 2021.

Looking forward, the analyst expects the market to reach AED 6,736 Million by 2027, exhibiting a CAGR of 13.2% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use sectors. These insights are included in the report as a major market contributor.

A light-emitting diode (LED) is defined as a semiconductor device that generates light when an electric current passes through it. LEDs are described as modern technology and are used for energy-efficient lighting. They significantly help in reducing electricity bills by using nearly 85% lesser energy than incandescent or halogen lights. Also, LED lights have a longer lifespan, are durable and offer better light quality. Owing to these properties, these lighting systems are currently employed in a wide variety of industrial and home products, such as modular lighting, refrigerated case lighting, task lighting, kitchen under-cabinet lighting, and recessed downlights. In the United Arab Emirates (UAE), such systems have been gaining immense traction on account of numerous infrastructure projects and the growing awareness regarding the usage of energy-efficient systems.

Over the past five years, the LED lighting industry has witnessed exponential growth in the country driven by the reviving real estate market. Some of the leading projects and initiatives, which have been fueling this growth are mentioned below:

In 2016, a nationwide campaign, called ‘I LED the way,’ was launched by the Emirates Authority for Standardisation and Metrology (ESMA), Abu Dhabi Commercial Bank (ADCB), and Dubai Electricity and Water Authority (Dewa). The 12-month eco-program aimed towards organizing community engagement, awareness campaigns and green initiatives. During this time, all high efficiency LED lighting products, certified by ESMA, were sold at a discount of 25% at selected Dubai retailers.

In 2018, Dubai’s Roads and Transport Authority (RTA) collaborated with the Netherlands-based LED lighting solutions provider, Philips Lighting, to launch ‘intelligent’ cycling track and pedestrian lighting system at Jumeirah Corniche. The solution utilizes specialized sensors that help in controlling the light intensity and monitoring the traffic movement on the road.
In 2018, the UAE-based real estate master developer, Dubai Properties (DP), launched energy efficiency retrofit solutions to reduce power costs at its Business Bay Executive Towers. It spent approximately US$ 272,000 to install energy-saving systems across eleven buildings in its community. It partnered with the US-based conglomerate, Honeywell, and Signify, a subsidiary of Philips Lighting. During this partnership, Signify delivered LED lighting in the residential car parks and buildings, and retrofitted nearly 16,000 lights.

In 2019, the UAE-based customizable solutions provider, Ras Al Khaimah Economic Zone (RAKEZ), signed a contract with the UAE-based energy efficiency solutions provider, Smart4Power, to introduce a retrofit project that covers nine buildings, including a district cooling plant. According to the agreement, Smart4Power will take several energy and water conservation measures, such as LED light replacements, the addition of adiabatic cooling for chillers, improvement of cooling systems, and installation of water-saving devices.

Key Market Segmentation:
the analyst provides an analysis of the key trends in each sub-segment of the UAE LED lights market, along with forecasts at the regional and country level from 2022-2027. Our report has categorized the market based on product type, application, and import and domestic manufacturing.

Breakup by Product Type:
LED Panel Lights
LED Downlights
LED Street Lights
Others

At present, LED panel lights are the most preferred product category in the country, accounting for the largest share.

Breakup by Application:
Commercial
Industrial
Residential
Others

Amongst these, the majority of lighting systems are installed in commercial spaces.

Breakup by Import and Domestic Manufacturing:
Import
Domestic Manufacturing

Currently, imports exhibit a clear dominance in the UAE LED lights market.

Competitive Landscape:
The competitive landscape of the market has been examined in the report and the profiles of key players have also been provided.

Key Questions Answered in This Report
1. What was the size of the UAE LED lights market in 2021?
2. What is the expected growth rate of the UAE LED lights market during 2022-2027?
3. What are the key factors driving the UAE LED lights market?
4. What has been the impact of COVID-19 on the UAE LED lights market?
5. What is the breakup of the UAE LED lights market based on the product type?
6. What is the breakup of the UAE LED lights market based on the application?
7. What is the breakup of the UAE LED lights market based on the import and domestic manufacturing?