Published On: Wed, Aug 12th, 2015

Lighting market worth $3.5bn by 2020

As ‘green’ infrastructure investments increase in the GCC, Frost and Sullivan predict lighting market to be worth $3.5bn by 2020. The current market worth $2.5bn is projected to grow at a compound annual growth rate (CAGR) of 11-12% in the next five years. Most of the demand is powered by the big three nations in GCC: UAE, Saudi and Qatar.

Lighting accounts for 25% of total energy consumption in Middle East, a higher electrical usage than anywhere else in the world according to Frost & Sullivan, while in the GCC around five mega tonnes of carbon dioxide emissions can be saved annually by switching to LED.

A recent shift in government preference towards smart and green infrastructure solutions, and the demand for LED and solar lighting technology has shaped lighting consumption patterns across the region.

“Growing investments into regional large-scale civil and commercial infrastructure projects are driving demand for contemporary and sustainable lighting solutions,” said Ahmed Pauwels, CEO of Messe Frankfurt Middle East, organiser of Light Middle East (pictured)

“Countries are now diversifying into manufacturing and services sectors and more and more investments are focused on infrastructure sectors like public transport, roadways, and sea ports to improve connectivity and regional trade and commerce.”

This year’s Light Middle East will concentrate on LED technology and latest solutions from lighting manufacturers and suppliers.

The trade show will be taking place from 6-8 October at the Dubai International Convention and Exhibition Centre.

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