Log In

 

Company Name : Frost & Sullivan

Monday, May 15, 2017 6:00PM IST (12:30PM GMT)

LED Lighting Industry: Middle East to Become One of the Fastest Growing Markets


City-wide lighting overhauls expected with huge growth opportunities for companies, finds Frost & Sullivan's Energy & Environment team


Dubai, United Arab Emirates

> <
  • GCCGCC LED Lighting Industry
 
The Gulf Cooperation Council (GCC) is committed to reducing its carbon footprint and electricity demand through 2025, with clearly established targets in place. One of the easiest demand-side measures that can achieve this goal is to overhaul the lighting within buildings and at a city level, presenting robust market potential for light-emitting diodes (LED) in the region. Various measures are being implemented, like adopting global energy-efficiency standards, imposing additional import tariffs on (and even outright banning) general illumination lamps, and promoting LED lights. Facilitating this evolution is a steady fall in LED product prices and improving performance.
 
Analysis of the LED Lighting Market in the GCC, Forecast to 2020, recent research from Frost & Sullivan’s Energy & Environment Growth Partnership Service program, examines evolving trends in the LED lighting systems, lamps and luminaires market. The study explores growth factors and details strategic measures that market participants must take to combat challenges. It also reveals that the GCC LED lighting market will witness a compound annual growth rate (CAGR) of 16.8 per cent between 2015 and 2020 to reach revenues of $1978.1 million.

Click here for complimentary access to more information on this analysis and to register for a Growth Strategy Dialogue, a free interactive briefing with Frost & Sullivan’s thought leaders.
 
“GCC is forecast to be one of the fastest growing markets. However, it will stay under-addressed unless companies change their vision and aim towards deriving opportunities from the disruptions and innovations that are influencing the value chain of the LED industry,” said Energy & Environment Research Analyst Suganya Rajan. “As digitalisation of light, connectivity and convergence impact the global LED industry, lighting companies will have to adapt their business models, devise a new market approach, and create more value in order to grow.”
 
This research service highlights specific growth trends being witnessed in the LED lighting market:
  • GCC governments push to phase out inefficient lighting, such as incandescent bulbs or high-intensity discharge street lamps
  • Evolution of Organic LEDs (OLEDs) that are considered the future solution for sustainable and energy-efficient lighting
  • Investment in research and development of smart and green technology lighting systems to reduce carbon emissions
Frost & Sullivan expects the existing supply chain to be challenged in this transition across areas of R&D, system integration and automation. This presents an opportunity for market growth, as well as for companies that can develop capabilities to deliver tailor-made solutions applicable for large user applications and for city-level solutions. However, local fixture manufacturers will benefit from the increased business that will come their way from global LED light source manufacturers and can leverage their strengths to reach local customers and businesses.
 
Digitalisation of light in the region is a Mega Trend that will see a surge in adoption in the short term. For example, connected lighting indoor positioning systems are being used to enhance the shopping experience in supermarkets, and light as a service (LaaS) is being offered to reduce electricity consumption. These will become mainstream features across the GCC. 
 
The Kingdom of Saudi Arabia, Qatar, and Kuwait LED markets will witness higher growth in coming years due to mega projects planned in the region, such as Qatar’s hosting of FIFA World Cup 2022. Similarly, Dubai’s outdoor lighting programme for demand side management (DSM) aims to retrofit 75 per cent of lighting systems with LED fixtures across the country’s roads, streets, and parks, with an aim to achieve savings of up to 300 gigawatt hours (GWh) in energy consumption by 2030.
 
“Large-scale residential projects to meet housing shortages and replace inefficient street lighting in the region will also drive the demand for LED,” observed Rajan. 

About Frost & Sullivan
 
Frost & Sullivan, the Growth Partnership Company, works in collaboration with clients to leverage visionary innovation that addresses the global challenges and related growth opportunities that will make or break today's market participants. For more than 50 years, we have been developing growth strategies for the global 1000, emerging businesses, the public sector and the investment community. Contact us: Start the discussion
 

Analysis of the LED Lighting Market in the GCC, Forecast to 2020
P932-19
Website: http://ww2.frost.com
 
Social Media Handles - 

 


Click here for Media Contact Details

Anita Chandhoke, Corporate Communications, Frost & Sullivan, +91 (80) 67028020, achandhoke@frost.com


More News from Frost & Sullivan

18/11/2017 11:10AM Image

Frost & Sullivan and CNI Jointly Host the First Edition of 2017 Nepal Business Excellence Awards in Kathmandu

Frost & Sullivan and Confederation of Nepalese Industries (CNI) concluded the first edition of 2017 Nepal Business Excellence Awards (NBEA) on November 14that Hotel Soaltee Crowne Plaza, Kathmandu, Nepal. This year, ...

16/11/2017 6:05PM

Frost & Sullivan and TERI to Honor Sustainable Development Practices at the Sustainability 4.0 Awards 2018

Frost & Sullivan and TERI come together once again to host the ninth edition of 'Sustainability 4.0 Awards', which will be held on June 01, 2018 at Hyatt Regency, Mumbai. The awards aim to recognize enterprises and ...

14/11/2017 11:37AM Image

Frost & Sullivan's V. Balasundaram, Senior Director, Finance, Felicitated with 2017 CFO Leadership Award by Indira Group of Institutes

V. Balasundaram, Senior Director, Finance - India, Middle East and China, Frost & Sullivan was felicitated with the 2017 “CFO Leadership Award” by the Indira Group of Institutes in a glittering ceremony at its annual, ...

Similar News

18/11/2017 4:45PM

उपमहाद्वीप के फोटोग्राफी आइकन्‍स यूएई प्रदर्शन के लिए हुये तैयार

फोटोग्राफी दुनिया भर की कुछ सबसे प्रेरणादायक एवं दमदार कहानियों को बताने में एक अग्रणी भूमिका निभाती है। एक्‍सपोजर, शारजाह का पहला अंतर्राष्‍ट्रीय फोटोग्राफी महोत्‍सव, समूचे विश्‍व ...

No Image

18/11/2017 4:30PM

बायोजिन होल्डिंग्‍स एएस को मिला आइएच2* तकनीक का लाइसेंस

सीआरआइ/क्राइटेरियन कैटालिस्‍ट कंपनी एलटीडी (सीआरयूके), एक वैश्विक कैटालिस्‍ट तकनीक कंपनी जोकि रॉयल डच शेल की पूर्ण स्‍वामित्‍व वाली कंपनी है, ने बायोजिन होल्डिंग्‍स एएस (बीजेडएच) को ...

@Frost_Sullivan on the growth opportunities for the #LEDLighting Industry in the #MiddleEast

Tweet this

News Summary

Frost & Sullivan's press release analyzes the LED Lighting Market in the GCC, the growth trends in this industry, strategic measures that market participants must take to combat challenges, and more.