Dubai Posed to Become the Fastest Growing LED Lighting Market

The Gulf Cooperation Council (GCC) has announced that Dubai is one of the fastest growing markets for LED lighting. The council is committed to reducing the carbon footprint of electricity, and this is the first step.

The goal is to reduce the environmental impact of lights by 2025. The best way to do this according to GCC is to do a complete overhaul of the lighting system of buildings. This is what is driving the growth that is expected for the area.

To further increase the move towards LED lights, there are measures being implemented. These measures include global energy-efficient standards, banning general illumination lamps, and promoting LED lights. This movement will likely drive LED product prices and research for performance improvement.

Expected Growth of LED Lighting Across the World

Frost and Sullivan's Energy and Environment recently did an analysis that by LED lighting systems, lamps and luminaries. The market should see a growth rate of 16.8 percent by 2020. This could end up as a revenue of 1978.1 million for the market.

According to Frost and Sullivan's Energy and Environment:

"GCC is forecast to be one of the fasting 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. 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."

The digitalisation that is being addressed is something that has already started. It's a Mega Trend towards implementing LED light inside and outside. It's expected to go mainstream in the next few years. The biggest challenge is residential implementation. Getting people on board with converting their home lights to LED will be something that will take time and a lot of effort, but it's not impossible.

LED lights are taking over the world. It will be the main light in homes, cities, and everywhere in just a few years. We are proud to be able to provide the best lights for our environment that helps consumers save money on electricity bills.

If you have any questions about LED lights or any of our other products, please contact us today. Our experts can help provide you with the best LED lights for your needs, so you can not only light your life, but make it more beautiful too.

Source: http://www.marketwatch.com/story/led-lighting-industry-middle-east-to-become-one-of-the-fastest-growing-markets-2017-05-15-62034851

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