Light Middle East To Illuminate Regional Market Set To Shine With 6-7% CAGR Until 2026
Posted On: 17-02-2020
Moves to cut carbon footprint and power demand positions GCC as one of the globe's fastest-growing lighting markets
As regional moves to decrease carbon footprint and power demand take hold, and industry researchers forecast continued lighting sector growth over the next seven years, the 14th edition of Light Middle East - the sector's leading networking and sourcing exhibition and conference, is set to bring together leading lighting solution providers and state-of-the-art smart lighting and building automation technologies under one roof.
Running from 15-17 October at Dubai World Trade Centre, Light Middle East 2019 will facilitate growth in the Middle East region firmly established as "one of the world's fastest-growing lighting solutions markets", with sector expansion forecasted at 6-7 percent until 2026, according to research firm Redseer.
The GCC has been identified as the regional driver with environmental commitments pushing demand for highly-efficient and cost-effective solutions, the construction sector in resurgence and manufacturing, and industry responding to investment incentives.
Lighting fixtures and energy-efficient LED solutions are key growth areas, according to numerous research houses. 6Wresearch forecasts the Middle East And Africa LED Lighting And Fixtures Market will achieve 10.3 percent growth to reach an estimated US$8.7 billion by 2024, while Frost & Sullivan predict the GCC's LED lighting sector will expand by 17 percent by 2021.
"It's reassuring when there is universality in forecasts and trajectories, everything points to an industry in dramatic transformation and expansion," said Dishan Isaac, Senior Show Manager of Light Middle East. "This makes Light Middle East an essential platform for everyone in the industry, from interior and lighting designers, system integrators, specifiers, and architects to contractors, developers, and landscapers. The industry has an elastic user-base, so its catchment is varied and highly inclusive."
Catering to the sector's diverse user-base, Light Middle East covers the six product categories of decorative lighting and accessories; electrical and electronic components and accessories for lighting systems; electric lamps; LED lighting; technical lighting and accessories; and home and building automation.
"This highly-focused approach means visitors can quickly get to their area of specialization and make the most of their time at the show, while exhibitors get to see those with a genuine interest in their particular field of operation," added Isaac.
Dishan emphasized the importance of home automation at Light Middle East this year, where there'll be a KNX Intelligent Buildings Pavilion. The KNX Association, headquartered in Belgium, is a specialist in home and office automation, ensuring all functions, from lighting to air-conditioning, work via a uniform system.
Heinz Lux, CEO of the KNX Association, said the Middle East will continue to be a major market for home automation: "The Middle East has always been a key market for KNX as smart homes and smart buildings shape the landscape of this whole region," said Lux. "In order to provide the best and most sustainable solutions for the market, KNX Association is happy to yet again present its dominance during Light Middle East, the leading fair for lighting and building automation."
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