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Gcc Led Lighting Market Industry

  • Date Submitted: 08/26/2016 01:40 AM
  • Flesch-Kincaid Score: 33.4 
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Bharatbook.com announces a report on “GCC LED Lighting Market - Industry Trends, Manufacturing Process, Plant Setup, Machinery, Raw Materials, Cost and Revenue”. This ranges from macro overview of the market to micro details of the industry performance, manufacturing requirements, project cost, project funding, project economics including expected returns on investment, profit margins, etc. https://www.bharatbook.com/technology-market-research-reports-780766/gcc-led-lighting-trends-manufacturing-process-plant-setup-machinery.html

Currently, LEDs are the most energy-efficient and one of the rapidly developing lighting technologies in the world. They offer numerous benefits over the conventional lighting technologies. LED lights have a longer lifespan, consumes up to 90% less electricity than the traditional lighting sources and are highly efficient with minimum radiation or heat emission. As a result, LED lights are rapidly replacing incandescent and fluorescent lights in the commercial, industrial and residential sectors in the GCC region.

LED lighting market in the GCC region has grown at a CAGR of 19.8% during 2008-2015. Factors like growing urbanization rates, infrastructural development and concerns over emission of greenhouse gases are currently driving the growth of the LED lighting market in the GCC countries. Other factors like the new UAE regulations which restrict the imports and sales of incandescent lamps; upcoming events like the World Expo in 2020 and the FIFA World Cup in 2022, the ongoing green building movement, increasing government support and a ban on inefficient lighting technologies are further expected to create a massive demand for LED lighting in the major GCC markets. Currently, Saudi Arabia and UAE represent the two biggest markets for LED lights in the region.

Bharat Book latest study GCC LED Lighting Market Industry Trends, Manufacturing Process, Plant Setup, Machinery, Raw Materials, Cost and Revenue” provides a...

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