Expected to Increase from AED 3.63 Billion in 2024 to AED 8.13 Billion by 2034, Achieving an 8.4% CAGR

The UAE LED lighting market is set to experience significant growth, projected to increase from AED 3.63 billion in 2024 to AED 8.13 billion by 2034, achieving a compound annual growth rate (CAGR) of 8.4%. This expansion is driven by rising energy efficiency demands, supportive government initiatives, urbanization, and advancements in smart lighting technology. Key opportunities lie within infrastructure projects and smart city developments, although challenges such as high initial costs and market competition persist. Major industry players, including Signify Holding and OSRAM, are emphasizing innovation and sustainability to capture market share. Enhanced demand for LED technologies, particularly in green-building initiatives, further bolsters this burgeoning market as it aligns with environmental goals.

Expected to Increase from AED 3.63 Billion in 2024 to AED 8.13 Billion by 2034, Achieving an 8.4% CAGR

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