Increasing demand spurs growth of LED market

Manama : The rising demand for energy-efficient solution in the Gulf Cooperation Council (GCC) is injecting a new life into the LED lighting market.   

Analysts Frost & Sullivan estimate that the GCC’s LED (light-emitting diode) market was worth US$900 million in 2015, which comprises 38 per
cent of the region’s US$2.4 billion lighting fixtures market. 

As regional governments implement eco-friendly green building regulations along with public and street-light retrofitting programmes, demand for LED technology is expected to grow by 16 to 17 per cent annually over the next five years, Frost & Sullivan stated.

More than 60pc of all inquiries for lighting in the region are now for LED systems, the report says, while  indicating that smart and sustainable solutions are the way forward.  

Smart and intelligent lighting solutions is also the theme of the Light Middle East 2016, the region’s largest trade show dedicated to lighting design and technology scheduled this year. 

“As the Middle East continues to switch to sustainable lighting solutions, the dynamics of the regional market is transforming rapidly,” said Ahmed Pauwels, CEO of Messe Frankfurt Middle East, the organiser of Light Middle East.

“The Gulf region’s lighting fixtures market alone will be worth US$3.5 billion by 2020. With new trends such as connected lighting and LED’s convergence with information technology, we can expect to see some exciting new innovations at Light Middle East 2016, he said.

“This year’s edition will shine the spotlight on smart lighting concepts, aligning with Dubai’s vision to be the smartest city in the world,” he added.