UAE Architectural Lighting Market Size & Outlook
UAE architectural lighting market, 2018-2030 (US$M)
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UAE architectural lighting market highlights
- The UAE architectural lighting market generated a revenue of USD 352.4 million in 2023 and is expected to reach USD 591.7 million by 2030.
- The UAE market is expected to grow at a CAGR of 7.7% from 2024 to 2030.
- In terms of segment, ballasts was the largest revenue generating component in 2023.
- Lamps is the most lucrative component segment registering the fastest growth during the forecast period.
Architectural lighting market data book summary
| Market revenue in 2023 | USD 352.4 million |
| Market revenue in 2030 | USD 591.7 million |
| Growth rate | 7.7% (CAGR from 2023 to 2030) |
| Largest segment | Ballasts |
| Fastest growing segment | Lamps |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Lamp Holders, Ballasts, Lamps, Lenses/Shades, Trims, Wiring, Reflectors |
| Key market players worldwide | Acuity Brands Inc, GE Aerospace, Hubbell Inc, Ams-OSRAM AG, Panasonic Holdings Corp, Signify NV, Zumtobel Group AG ADR, Feilo Sylvania, Seoul Semiconductor, Cree Lighting, Delta Light, GVA Lighting, Siteco, TCP Lighting |
Other key industry trends
- In terms of revenue, UAE accounted for 3.7% of the global architectural lighting market in 2023.
- Country-wise, China is expected to lead the global market in terms of revenue in 2030.
- In Middle East & Africa, UAE architectural lighting market is projected to lead the regional market in terms of revenue in 2030.
- South Africa is the fastest growing regional market in Middle East & Africa and is projected to reach USD 406.6 million by 2030.
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Architectural Lighting Market Scope
Architectural Lighting Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
UAE architectural lighting market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to architectural lighting market will help companies and investors design strategic landscapes.
Ballasts was the largest segment with a revenue share of 21.08% in 2023. Horizon Databook has segmented the UAE architectural lighting market based on lamp holders, ballasts, lamps, lenses/shades, trims, wiring, reflectors covering the revenue growth of each sub-segment from 2018 to 2030.
In the UAE, the demand for architectural lighting is growing owing to the increasing residential and commercial construction activities, rising levels of disposable income, a booming tourism industry, and significant market penetration by the market players.
The rapid infrastructure development and the aggressive adoption of IoT technology are also creating a positive outlook for smart architectural lighting in the UAE. The luxurious hotels being constructed in Abu Dhabi and Dubai are expected to boost the demand for architectural lighting notably.
For instance, in September 2022, Top Hotels Projects (THP) commenced the construction of a 224-meter high and 198-meter wide 5-star hotel, which is expected to be completed by 2027. Such construction projects are expected to propel the sale of architectural lighting solutions in the country.
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Target buyers of UAE architectural lighting market databook
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Our clientele includes a mix of architectural lighting market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of country-level data and insights on the UAE architectural lighting market , including forecasts for subscribers. This country databook contains high-level insights into UAE architectural lighting market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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UAE architectural lighting market size, by component, 2018-2030 (US$M)
UAE Architectural Lighting Market Outlook Share, 2023 & 2030 (US$M)
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