The region of the United Arab Emirates is the second largest in the Middle East whereas; its economy remains tremendously dependent on petroleum. While Abu Dhabi and other UAE emirates have continued relatively conventional in their approach to modification, Dubai, which has far slighter oil reserves, was braver in its diversification policy. Additionally, the UAE LED Lighting Market is a boosting industry assisted by government initiatives. In 2014, the government debarred the transactions of incandescent bulbs in the region which generated an opportunity for the LED lighting market to augment. The ingenuities of government such as Green Building Code, UAE Vision 2021 and several others, all aims on the sustainability where environment safety is a foremost concern. This led to a significant transformation in the varieties of product offering by the companies in the region. The government investment to renovate the existing lighting system with LED lighting is an enormous supporter of the market.
Although, strong government assistance over the past few years has propelled to the unremitting growth of education sector by fascinating private players to enter the market. UAE education Sector has examined healthy growth during the last five years preceding 2018. The significant support of the government and investment led to the development of the prevailing players and the appearance of new players to cater the augmenting the number of students, thereby accumulating to the revenues of the industry during the forecast period. The education industry in the economy was accounted for by the revenues created from augmented the enrollments along with a gradual increase in fee by private players during 2018.
Nonetheless, the UAE baby food market is still in its growth stage. The market forecasted a strong competitive landscape where the international players that control the mainstream of the stake are continuously trying to raise their prevailing market share. The UAE Baby Food market has extensively been an import registered in the market. The market is accessible to newness and innovations, for instance, camel milk dependent baby food products and halal baby food products have acquired a lot of acceptance in the region. Hence, in the coming years, it is predicted that the UAE Baby food market will upsurge at efficient revenue CAGR during the period of 2017-2022.
Although, the furniture industry in the UAE is at an established stage, while the industry was unfavorably hit owing to a stagnation in the real estate segment and the decline in oil prices in the current past years. People living in the UAE economy were observed to augment their expenditure on reconditioning homes on things such as furniture, kitchens, bathrooms, and flooring; and are investing in advanced quality products. Moreover, the UAE region will observe a significant increase in the expat populace due to the steadiness in oil prices in the coming years. The enhancements of the key projects like Caesars Palace, Fairmont and others will lead to the improvement of the tourism industry. Therefore, in the coming year, it is predicted that the research of UAE will increase more positively over the recent few years.
