(MENAFN) The GCC's lighting systems market is projected to grow at a compound annual growth rate (CAGR) of 11 to 12 percent in the next five years to reach around USD3.5 billion by 2020.
Economic diversification and green infrastructure investments have put the GCC lighting systems market on a double-digit growth path, as the market is currently valued at around USD2.5 billion
The increase is to be powered by high demand in the UAE, Saudi Arabia and Qatar. It is also driven by the increasing preference among governments for smart and green infrastructure solutions.
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