LED market growth seen at 13pc in region
DUBAI, 10 days ago
The LED market will witness a compounded annual growth rate (CAGR) of 13 per cent from 2015 through 2022 in the Middle East and Africa region (MEA), said the organisers of the upcoming SGI Dubai 2018, a top media show in Dubai, UAE.
The exhibition runs from January 14 to 16, 2018 at the Dubai World Trade Centre.
The lighting industry was also pegged at $2.35 billion in 2015 in the MEA region. Global LED market is forecasted to have an annual growth of 5 per cent by 2016 and 3 per cent annually until 2020. The regional markets will experience growth as global market is set to be worth $350 million by 2017. UAE has plenty of upcoming and developing projects and by 2020 is set to reach over $200 billion worth of investments in UAE’s power sector.
“A laudable factor is the changing attitudes of the people towards LED. Earlier people used to think that LEDs are expensive and don’t perform, but that thought process is slowly changing as they have experienced that LED technologies can survive the hot weather conditions of the GCC region,” said Sharif Rahman, CEO, International Expo Consults, organisers of SGI Dubai 2018.
“Governments have reduced the energy subsidies in the region which is a catalyst in the adoption of LED technologies in the region. The lasting life, sustainability in hot weather conditions and cost effectiveness of LEDs has paved the way for alternative cost efficient lighting resources across the world and specially GCC.”
SGI Dubai 2018 will have an exclusive LED focused pavilion to cater to the needs of LED stakeholders. Reputed global brands showcased some of their LED technology at the SGI Dubai show this year.
As per the Global Industry Analysts report, printed textiles market is projected to touch 29.8 billion sq m by 2020, due to the technology enhancements aimed at improving print speeds, design and efficiency.
The textile printing industry is all set to flourish in the Mena region as UAE stands as the world’s fourth largest trading centre of textiles, generating an approximate $17.5 billion annually. This statement is attributed to the fact that around 150 apparel manufacturing companies which make up for almost 5.5 percent of the annual textile sales across the globe.
“SGI Dubai 2018 will include an exclusive textile printing focused pavilion called ‘SGI Textile’. This announcement will see the introduction of new technologies under various categories alongside other major pavilions. The retail industry in UAE is a preferred destination for an international shopping experience as it is constantly improvising. We are pleased to introduce this exclusive segment - Textile pavilion at our event to fulfil the growing industry requirements. SGI Dubai 2018 will help to consolidate and grow your textile printing business to the next level assisting you to reap maximum benefits,” said Sharif.
SGI Textile 2018, an integral part of the SGI Dubai show will display and introduce innovative textile printing technology products. The world’s leading textile printing entrepreneurs will converge at the 21st edition of the show to provide the stakeholders with the right insights to lead the industry. Some of the key highlights of ‘SGI Textile 2018’ will include; heat transfer printing; digital textile printing; other fabric printing; custom flags for tradeshows and conventions; POS displays; table covers with logos and banners and; wall graphics among others.
Retailing in the UAE is expected to reach Dh200 billion ($54.4 billion) in 2017, growing by a 5 per cent on average each year, according to an analysis by the Dubai Chamber of Commerce and Industry. Consumer spending is also expected to continue rising in the medium-term, with growth rates projected to stabilise at about 4 per cent on average per year leading to a total spending of more than Dh750 billion in 2017 across many categories, the analysis adds. LED and the Textile Printing industry with form a major crux of retailing and will have several retail based products on display at the SGI exhibition next year.
Sign and Graphic Imaging (SGI Dubai) is a key platform where visitors can reach out to exhibitors who comprise of architects, sign makers, print and production manufacturers, media agencies, real-estate developers, brand and image consultants among others. The show is a globally recognised business forum which entails seminars and workshops led by industry pioneers.
SGI Dubai 2018 is roping in exhibitors and trade visitors across the globe including, USA, UK, Germany, China and Japan, among others. The industries best kept secrets and trends are set to be unveiled as the 21st edition of the show is touted to receive thousands of visitors from different countries.
The exhibition is a one stop shop for the ever growing needs of signage (digital and conventional), graphic imaging, retail POP/SOS, screen and digital printing industries. Recognised as one of the pioneers in the trade shows in the region for over two decades, SGI Dubai showcases the current trends and technologies to a robust platform which brings thousands every year to the annual show.
The SGI Dubai 2017 show witnessed billion dollar deal contracts which were signed at the three day show. The exhibition also hosted seminars and workshops conducted by industry experts. The show welcomed over 400 global exhibitors from across 36 countries spread over 22,000 m2 and registered over 40 new exhibitors. – TradeArabia News Service