The Gulf Cooperation Council (GCC) is committed to reducing carbon footprint and electricity demand by 2025, and has set clear goals. The compound annual growth rate (CAGR) of the GCC LED lighting market between 2015 and 2020 is 16.8%. Revenue will reach 1978.1 million US dollars.

One of the simplest measures that can achieve this goal is to overhaul the lighting device and system within buildings and at a city level to show strong market potential for LED in the region. Various measures are being taken, such as adopting global energy efficiency standards, imposing(or even banning) additional import duties on traditional lighting lamps, and promoting LED lights. Promoting this development is the steady decline in the price of LED products and the improvement in performance. The LED Lamps steady decline in the price and the improvement in performance will help promote this development.

1, GCC governments push to phase out inefficient lighting, such as incandescent bulbs or high-intensity discharge street lamps.

2, Evolution of LED that are considered the future solution for sustainable and energy-efficient lighting.

It is expected that the existing supply chain will be challenged in the transition across R&D, system integration and automation fields.

This provides opportunities for market growth and development capabilities for companies to provide tailored solutions for large user applications and city-level solutions. However, local LED luminaire manufacturers will benefit from the business growth of global LED light source manufacturers and can use their advantages to attract local customers and businesses.

Large-scale residential projects to meet housing shortages, replace inefficient street lighting, the infrastructure construction development in the region will also drive the demand for LED Lights.

The Kingdom of Saudi Arabia, Qatar, and Kuwait LED markets will witness higher growth in coming years due to mega projects planned in the region. Qatar will host the 2022 FIFA World Cup and demand more LED sport lighting fixtures. Dubai’s outdoor solar led street light program Demand Side Management (DSM) aims to use LED fixtures in the country’s roads, streets and parks to transform 75% of the lighting system. Up to 300 gigawatt-hours (GWh) of energy will be saved in 2030, of which LED road lighting plays a decisive role, and the Smart City program help play a greater role.

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According to Islamic calendar, 2021 Ramadan is expected to begin on Tuesday 13th April 2021, depending on the sighting of the moon.

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