UAE LED Lights Market Trends, Statistics, Demand, Size, Share, Competitive Landscape and Forecast to 2022-2027
According to the latest report by IMARC Group, titled “ UAE LED Lights Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027 ”, the UAE LED lights market reached a value of AED 3,152 Million in 2021. Looking forward, IMARC Group expects the market to reach AED 6,736 Million by 2027, exhibiting a CAGR of 13.2% during 2022-2027.This report can serve as an excellent guide for investors, researchers, consultants, marketing strategists and all those who are planning to foray into the market in any form. A light-emitting diode (LED) is a semiconductor that emits visible light when an electrical current passes through. They are made from semi-conductive materials such as selenium or silicon. The lights help in reducing electricity bills by consuming less energy. These lights are cost-effective and offer a better color rendering index (CRI) than traditional incandescent bulbs. In the UAE, LED lights are witnessing significant demand on account of easy product availab