Tue, 26 Oct 2021

The new report by Expert Market Research titled, 'UAE Lighting Market Size, Share, Price, Trends, Growth, Analysis, Key Players, Outlook, Report, Forecast 2021-2026', gives an in-depth analysis of the UAE lighting market, assessing the market based on its segments like type, end-use, and distribution channel. The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter's Five Forces models.

Note 1: For a snapshot of the primary and secondary data of the market (2016-2026), along with business strategies and detailed market segmentation, please click on request sample report. The sample report shall be delivered to you within 24 hours.

Request a free sample copy in PDF or view the report summary@ https://www.expertmarketresearch.com/reports/uae-lighting-market/requestsample

The key highlights of the report include:

Market Overview (2016-2026):

  • Historical Market Size (2020): USD 626 Million
  • Forecast CAGR (2021-2026): 15%

The implementation of several favourable government measures aimed at reducing carbon emissions is driving up demand for energy-efficient lighting in the region. The UAE government has started an initiative to replace incandescent street lighting with LED lights. Dubai's transport administration has also planned to replace all obsolete high-intensity discharge bulbs with modern LEDs, while Abu Dhabi is taking similar steps. As a result, demand for lighting is rising, moving the market forward. To minimise carbon emissions and make the country the world's most sustainable country, the government is expanding the availability of various energy-efficient lighting options.

Furthermore, the UAE Ecological Footprint Initiative has implemented the UAE Energy Efficiency Lighting Standard, which considers electrical efficiency, hazardous chemical limits, safe disposal, electrical safety, and functionality in order to prevent low-quality indoor bulbs from entering the country. This is helping the sector thrive by increasing the supply of high-efficiency lighting, such as CFLs, LEDs, and halogens. Furthermore, the increasing use of LED lights in a variety of public spaces is boosting the market growth.

Industry Definition and Major Segments

The employment of an artificial source of illumination that is visible to the naked eye is referred to as lighting. For practical and aesthetic purposes, it is used as a key element in interior design and architecture. It entails the utilisation of both natural and artificial sources of illumination, such as lamps.

The major lighting types of lighting are:

  • LEDs

  • CFLs
  • Halogens
  • Incandescent
  • Others

Based on end uses, the market is divided into:

  • General
  • Residential
  • Non-Residential
  • Automotive

The market can be broadly categorised on the basis of its distribution channels into:

  • Supermarkets and Hypermarkets
  • Convenience Stores
  • Speciality Stores
  • Online
  • Others

Explore the full report with the table of contents@ https://www.expertmarketresearch.com/reports/uae-lighting-market

Market Trends

Due to low import traffic, rising disposable income, favourable tax policies, and low fuel prices, the UAE's automotive business is booming. As a result, the growing use of lighting in the automobile industry is fueling market expansion. LED lighting is utilised in the back and front areas of medium-range cars for aesthetic and utility, as well as in premium cars. Furthermore, LED lighting is being more widely used in interior lighting applications to provide passenger ergonomic safety, ambiance, and low maintenance. Furthermore, the market is expected to be fueled by the development of adaptive driving beaming headlights that use LED lighting and are controlled by sensor technologies to improve road safety.

Lighting's applications are expanding beyond illumination, and the lighting business is revolutionising as a result of technological breakthroughs and inventions. Light fidelity (Li-Fi) is a wireless technology that transmits data using light waves and can be used to provide a safe and fast internet connection in places like public and government offices, as well as financial institutions. Furthermore, human-centric lighting is being developed to boost physical and emotional well-being. By customising light settings for one's vision, these lightings can help to reduce fatigue and errors. They also contribute to a more welcoming and inclusive workplace. During the forecast period, this is expected to boost the lighting industry's growth.

Note 2: As the novel coronavirus (COVID-19) continues to spread across the world, our analysts are constantly tracking the impact of this rapidly evolving situation on the markets and the consumer purchase behaviours. Thus, our latest estimates and analysis about the current market trends and forecast will exhaustively reflect the effects of this emerging pandemic.

Key Market Players

The major players in the market are Signify Holding B.V., OSRAM GmbH, Universal Lighting Industries (FZC), JAF Lights & Electricals and Others. The report covers the market shares, capacities, plant turnarounds, expansions, investments, and mergers and acquisitions, among other latest developments of these market players.

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About Us:

Expert Market Research is a leading business intelligence firm, providing custom and syndicated market reports along with consultancy services for our clients. We serve a wide client base ranging from Fortune 1000 companies to small and medium enterprises. Our reports cover over 100 industries across established and emerging markets researched by our skilled analysts who track the latest economic, demographic, trade and market data globally.

At Expert Market Research, we tailor our approach according to our clients' needs and preferences, providing them with valuable, actionable and up-to-date insights into the market, thus, helping them realize their optimum growth potential. We offer market intelligence across a range of industry verticals which include Pharmaceuticals, Food and Beverage, Technology, Retail, Chemical and Materials, Energy and Mining, Packaging and Agriculture.

We also provide state-of-the-art procurement intelligence through our platform, https://www.procurementresource.com. Procurement Resource is a leading platform for digital procurement solutions, offering daily price tracking, market intelligence, supply chain intelligence, procurement analytics, and category insights through our thoroughly researched and infallible market reports, production cost reports, price analysis, and benchmarking.

Informes de Expertos (https://www.informesdeexpertos.com), the Spanish variant of Expert Market Research, is a platform that offers market research and consultancy services to a broad clientele base across Spanish speaking countries. With our primary focus on the Latin America and Spain markets, our research experts provide relevant and actionable insights into the markets and track major trends, economic developments, and global trade data.

Determined to bring client satisfaction, we make sure that our tailored approach meets the client's unique market intelligence requirements. Our syndicated and customized research reports cover a wide spectrum of industries ranging from pharmaceuticals and food and beverage to packaging, logistics, and transportation.

*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.

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