UAE: Increasing demand for lighting products

After several years of real estate bubble crisis, the construction industry of the GCC countries such as the United Arab Emirates has finally emerged from its predicament and has now entered a stage of full recovery. With many projects launched, the lighting market is springing up. Among them, the lighting equipment market in UAE and Saudi Arabia is the largest.

The reporter learned that the lighting market in the GCC countries has grown rapidly, while the United Arab Emirates and Saudi Arabia have taken the lead in this market. In 2013, the total market share of the two countries accounted for 70% of the total lighting market in the region, reaching US$2.5 billion.

Nowadays, the construction market of the Gulf countries is in a state of complete recovery. The market demand for lighting equipment in the region will increase by around 8%-10% per year from 2014 to 2018, which will provide a wide range of global lighting equipment manufacturers and design companies. Development stage.

According to a report released by the UAE Industrial Research Center, the UAE lighting market is expected to increase by 15% in 2014. In recent years, the population of the UAE has increased and urbanization has developed rapidly. To control CO2 emissions and save energy, state-owned enterprises in the UAE have begun to pay attention to the advantages of smart lighting systems and focus on environmentally-friendly products.

LED lighting technology is an energy-saving and environment-friendly lighting technology that can save energy by 70% and reduce carbon dioxide emissions by 90%. LED lighting technology can be applied to lighting equipment in major roads, tunnels, bridges, and public facilities. Therefore, LED lighting fixtures are very popular in the UAE market.

At the same time, the UAE’s Emirate of Dubai plans to establish the Sheikh Mohammed bin Rashid solar power station, which will have an installed capacity of 1,000 MW in 2030. Upon completion, the power station will become the world’s largest solar power station. In addition, Dubai installed solar panels on top of buildings, and the electricity output in 2030 could reach 2,500 megawatts.

With the rapid economic development in the Gulf region, the rapid population growth has driven the investment of infrastructure companies in the Middle East to increase continuously. At the same time, new demand has led to the vigorous development of electricity, lighting and new energy markets.

Relying on abundant oil, the Middle East has witnessed rapid economic development in recent years and has driven the construction industry to prosper. In particular, the construction industry of Gulf Cooperation Council (GCC) member countries such as the UAE, Saudi Arabia and Qatar is the most prosperous. According to statistical data provided by Zawya Projects Monitor, by 2037, the gross construction value of GCC is expected to reach US$108 billion. The prosperity of the construction industry inevitably leads to the booming demand for lighting equipment.