Considerable technology advancements have resulted in growing LED lighting adoption, with a favorable regulatory climate being the major driving force. The energy savings achieved by replacing inefficient lights with LED alternatives are particularly important in the commercial space, where lighting represents around 18% to 40% of the total electricity usage. The resultant cost savings are also helped by longer product life, which leads to low replacement frequency.
Since lighting is such a primary component of any infrastructure – one of the major utilities – application industries have always ensured prompt repair and replacement. With the growing consumer preference for well-lit areas that evoke a feel of more space and safety, energy efficiency is of the essence to avoid racking up huge bills. LEDs present the perfect solution to this concern – the efficiency, aesthetic appeal and price point are a triple threat.
Similar to the transition from the analog to the digital era, the lighting industry has evolved. From beautifying homes at a reasonable price to commercial areas free of heat emission from traditional bulbs and lights, LEDs are perfectly placed. The technology is set to continue remaining attractive in the coming years, with visible light communication and government subsidies representing just a few of the major technological and regulatory landmarks that will contribute to growth.
The GCC lighting market is poised for high growth in the coming years. Renconst Bahrain sees considerable demand stemming from the Gulf as well as the global industry, and has a diverse product portfolio to cater to varied consumer needs.