Investments in infrastructure have been increasing in the Middle East, especially in the Gulf Council Corporation (GCC) countries. With the focus shifting to energy efficiency, the LED lighting market is witnessing steady growth. Lighting accounts for almost % of the Middle East’s total energy consumption, which is much higher as compared to that of other comparative regions.
The adoption of energy-saving solutions, such as LED lighting, over other conventional lighting sources such as incandescent bulbs and halogen lamps, can result in energy savings of nearly %, which translates to savings of almost $ million.
As the idea of green technology becomes more widely known and awareness of the harmful effects of CO2 emissions increases, an estimated mega tonnes of CO2 emissions can be wiped out annually by switching to LED lighting solutions. Hence, governments in the Middle East have begun promoting the use of LED lighting for street lighting applications and municipal buildings.
Currently, the penetration of LED lighting into the overall lighting market stands at only about %; however, LED lighting is expected to gain widespread adoption by 2017 and penetrate about % of the overall lighting market by then.
About this report
The Gulf Cooperation Council (GCC) countries are taking initiatives towards adopting global energy-efficiency standards and further developing LED lighting solutions and technology. Progress in research & development is expected to lead to considerable product and solution innovations, which would increase the quality and efficiency of LED lamps, thereby potentially improving their adoption. The market for LED lighting in the Middle East has been analysed by interviewing LED lighting original equipment manufacturers, distributors, traders, end-users, and other key entities in the value chain. This study estimates the market size for LED Lighting in the Middle East from 2011 through 2018.
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