Light Middle East forecasts growth; 6-7% CAGR until 2026

Running from October 15-17, 2019, 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% 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’s lighting 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% 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.”

Isaac further emphasised 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.” THINKLIGHT Forum to shine light on industry transformation Reflecting the industry’s current evolutionary nature, Light Middle East’s 2019, free-to-attend educational conference – THINKLIGHT will drive discussion and debate across the innovation and transformation-themed industry narratives. “The THINKLIGHT Forum will spotlight the future of the sector and feature more than 20 international and influential speakers exploring the role of innovative technology and design in achieving professional objectives,” explained Isaac.

Exhibitor participation from more than 30 countries With three months to go, Light Middle East 2019, is shaping up to serve as a cutting-edge demo-hub for the global industry; with close to half of the 300 exhibitors returning this year from around 30 countries.