The light emitting diode (LED) market in the Middle East is poised for solid growth over the next five years and is likely to hit $5.94 billion by 2029 from this year's figure of $4 billion with a CAGR of 8.17% during the forecast period, said a report released ahead of The Light + Intelligent Building Middle East.  The region’s leading trade show for lighting, electrical engineering, and building technology - Light + Intelligent Building Middle East - will take place from January 16 to 18 in Dubai. Organised by Messe Frankfurt Middle East, the event is part of the international Light + Building brand and will be held under the theme, “Enlightened Futures: How responsibility will guide the future of buildings.”  LED lighting has been a game changer within the industry, offering a range of benefits, from energy efficiency and improved environmental performance to design flexibility and directionality, said the organizers.  One of the significant benefits, particularly from a commercial perspective, is the potential multi-billion-dollar savings due to reduced energy consumption, said the organizers citing the latest statistics from market research specialists, Mordor Intelligence. As part of the Think light conference, a range of international speakers will take to the stage to discuss the importance of Corporate Social Responsibility, and Environmental, Social and Corporate Governance within the lighting industry under six key themes of cities, art and entertainment, the business of lighting design in the Middle East region, circularity, darkness, and smart, intelligent and integrated. The light emitting diode (LED) market in the Middle East is poised for solid growth over the next five years and is likely to hit $5.94 billion by 2029 from this year's figure of $4 billion with a CAGR of 8.17% during the forecast period, said a report released ahead of The Light + Intelligent Building Middle East (ICE DUBAI)

Fonte notizia: https://www.tradearabia.com/news/IND_417698.html