Saudi Arabia LED Lighting Market By Type (LED Bulbs & Lamps, Batten Lights, Downlights, Others), By End Use Sector (Commercial, Residential, Industrial), By Application (Outdoor Lighting, Indoor Lighting), By Region, Competition Forecast & Opportunities, 2018-2028

  • Industry : ICT
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  • Published Date : NA
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Summary

Report Description

The demand for LED lighting is predicted to significantly increase in Saudi Arabia over the course of the forecast period due to government initiatives such as Vision 2030, greater adoption in metro areas due to increased awareness, and higher socio-economic progress. Rural areas have also contributed to an increase in demand based on requests from the street lighting and industrial lighting domains.

A semiconductor called an LED, or light-emitting diode, generates light when an electric current passes through it. Since LEDs offer several advantages over conventional lighting, such as long-lasting capability, rapid response time, fast switching capabilities, and low wattage requirements, LEDs are used in a variety of applications, including alarm and security systems, optical communication, robotics, remotely operated operations, etc.

Increasing Demand for Smart Lighting

The LED lighting market in Saudi Arabia has grown over the past decade, owing to several benefits over the older technology. Decreasing LED bulb prices along with favourable government initiatives will drive the Saudi Arabia LED Lighting Market until 2030. Moreover, increasing adoption of LED lighting is being witnessed across residential and commercial sectors, government projects, and upcoming smart building projects, etc.

The LED lighting industry in Saudi Arabia is being driven by the demand for a connected and smart lifestyle. Many of the technologies still being developed for the LED lighting sector are untapped. The LED lighting market will therefore continue to develop during the forecasted period. Additionally, internet of things (IoT) is the upcoming technology that will allow multiple objects to be connected to one another because lighting has evolved into a form of data. Technologies based on visible light communication include Li-Fi, which is essentially Wi-Fi but with light, and indoor positioning, which tracks people's positions when using luminaires.

Therefore, with the growing demand for smart lighting, the Saudi Arabia LED Lighting is also expected to grow during the forecast period.

Increasing Demand for Smart Homes

The market for lighting in Saudi Arabia is expanding significantly as a result of the quick uptake of smart home technologies such as energy management systems, security, and access control, as well as systems for controlling access to and from homes. Due to the government's encouraging activities and the huge customer interest in lowering energy usage, smart houses are becoming more and more common in Saudi Arabia. This development can be attributed to how much smart homes have advanced in industrialised nations. The government intends to swiftly accelerate the adoption of smart lighting and smart homes, which will help the nation's lighting industry even more.

Integration of Voice Control Features and Adoption of Smart Lighting Systems

Voice-activated products, such as Amazon’s voice-controlled Echo speaker and Apple’s upcoming HomeKit software, facilitate voice interactions with smart home devices. For instance, Apple’s upcoming HomeKit enables consumers to control devices, such as locks and lights. Additionally, Saudi Arabia ambitions to rapidly increase the adoption of smart homes, which is further supporting the trend of voice control features in lighting systems, and thus, leading to significant growth in the market for lighting in Saudi Arabia.

Increasing Demand for Sustainability

The ever-growing adoption of LED lights in residential and commercial properties, with proper care and maintenance, LED lights such as LED tri proof lights can experience and exceptionally long operating life. In properly designed luminaire, LEDs can be expected to operate for more than 100,000 hours. Certain factors will determine the complete lifecycle of an LED light source such as desired lumens output, fixture designs, junction temperature and ambient operating temperature. The extended operating life of LED bulbs means commercial buildings can increase the usable space throughout their building design. With LED lights having a longer life cycle than previous light sources, commercial buildings are not required to extensively stock spare bulbs or accommodate maintenance for light fixtures.


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Market Segments

Saudi Arabia LED Lighting Market is segmented into by type, by application, by end user sector, and by region. Based on type, the market is segmented into LED Bulbs & Lamps, Batten Light, Downlights, Spotlights, and Others. Based on Application, the market is segmented into Outdoor Lighting, Indoor Lighting. Based on end user sector, the market is segmented into Commercial, Residential, Industrial.

Market Players

Saudi Arabia LED Lighting Market players include Al Nasser Group, LEDVANCE GmbH, Alfanar Group, NVC International Holdings Limited, OPPLE Lighting Co. Ltd., CINMAR Lighting Systems, Huda Lighting, Al AbdulKarim Holding, Zumtobel Group AG, and Signify N.V.

Attribute

Details

Base Year

2022

Historic Data

2018 – 2022

Estimated Year

2023

Forecast Period

2024 – 2028

Quantitative Units

Revenue in USD Million and CAGR for 2018-2022 and 2023-2028

Report coverage

Revenue forecast, company share, growth factors, and trends

Segments covered

By Type

By Application

By End User Sector

By Region

Regional Scope

Central, Western, Eastern, Southern, Northern

Key companies profiled

Al Nasser Group, LEDVANCE GmbH, Alfanar Group, NVC International Holdings Limited, OPPLE Lighting Co. Ltd., CINMAR Lighting Systems, Huda Lighting, Al AbdulKarim Holding, Zumtobel Group AG, Signify N.V.

Customization scope

10% free report customization with purchase. Addition or alteration to country, regional & segment scope.

Pricing and purchase options

Avail customized purchase options to meet your exact research needs. Explore purchase options

Delivery Format

PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

 

Report Scope:

In this report, Saudi Arabia LED Lighting Market has been segmented into following categories, in addition to the industry trends which have also been detailed below:

  • Saudi Arabia LED Lighting Market, By Type:
    • LED Bulbs & Lamps
    • Batten Lights
    • Downlights
    • Spotlights
    • Others
  • Saudi Arabia LED Lighting Market, By Application:
    • Outdoor Lighting
    • Indoor Lighting
  • Saudi Arabia LED Lighting Market, By End User Sector:
    • Commercial
    • Residential
    • Industrial
  • Saudi Arabia LED Lighting Market, By Region:

o    Central

o    Western

o    Eastern

o    Southern

o    Northern

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in Saudi Arabia LED Lighting Market.

Available Customizations:

Saudi Arabia LED Lighting Market with the given market data, Tech Sci Research offers customizations according to a company’s specific needs. The following customization options are available for the report:

Company Information

·         Detailed analysis and profiling of additional market players (up to five).

Saudi Arabia LED Lighting Market is an upcoming report to be released soon. If you wish an early delivery of this report or want to confirm the date of release, please contact us at [email protected]

Table of content

1.    Product Overview

1.1.  Market Definition

1.2.  Scope of the Study

2.    Research Methodology

2.1.  Baseline Methodology

2.2.  Methodology Followed for Calculation of Market Size

2.3.  Methodology Followed for Calculation of Market Shares

2.4.  Methodology Followed for Forecasting

3.    Executive Summary

4.    Impact of COVID-19 on Saudi Arabia LED Lighting Market

5.    Voice of Customer

5.1.  Brand Awareness

5.2.  Brand Satisfaction Level

5.3.  Factors influencing Purchasing Decision

5.4.  Brand Switching Decision

6.    Global LED Lighting Market Overview

7.    Saudi Arabia LED Lighting Market Outlook

7.1.   Market Size & Forecast

7.1.1.                           By Value and Volume

7.2.   Market Share & Forecast

7.2.1.                           By Type (LED Bulbs & Lamps, LED Batten Lights, LED Downlights, LED Spotlights and Others)

7.2.2.                           By Application (Outdoor Lighting, Indoor Lighting)

7.2.3.                           By End Use Sector (Commercial, Residential, Industrial)

7.2.4.                           By Region

7.2.5.                           By Company (2022)

7.3.  Market Map (By Type, By Application, By End Use Sector, By Region)

8.    Saudi Arabia LED Bulbs & Lamps Market Outlook

8.1.   Market Size & Forecast

8.1.1.     By Value and Volume

8.2.   Market Share & Forecast

8.2.1.               By Application (Outdoor Lighting, Indoor Lighting)

8.2.2.               By End Use Sector (Commercial, Residential, Industrial)

9.    Saudi Arabia LED Batten Lights Market Outlook

9.1.   Market Size & Forecast

9.1.1.     By Value and Volume

9.2.   Market Share & Forecast

9.2.1.               By Application (Outdoor Lighting, Indoor Lighting)

9.2.2.               By End Use Sector (Commercial, Residential, Industrial)

10. Saudi Arabia LED Downlights Market Outlook

10.1.        Market Size & Forecast

10.1.1.  By Value and Volume

10.2.   Market Share & Forecast

10.2.1.            By Application (Outdoor Lighting, Indoor Lighting, and Automotive Lighting)

10.2.2.            By End Use Sector (Commercial, Residential, Industrial)

11. Saudi Arabia LED Spotlights Market Outlook

11.1.        Market Size & Forecast

11.1.1.  By Value and Volume

11.2.   Market Share & Forecast

11.2.1.            By Application (Outdoor Lighting, Indoor Lighting)

11.2.2.            By End Use Sector (Commercial, Residential, Industrial)

12. Value Chain Analysis

13. Market Dynamics                                                                                                      

13.1.             Drivers

13.1.1. Increasing Construction Activities

13.1.2. Growing Government Regulations for Energy Efficiency

13.1.3. Rapid Growth of Street Lighting Systems

13.2.             Challenges    

13.2.1. High Initial Cost

13.2.2.   Core Technology of LED Lighting is Relatively Weak

13.2.3. Homogeneity Competition of LED Lighting is Weak

14. Market Trends and Developments

14.1.Aggressive Marketing and Promotional Strategies

14.2.Trending Low LED Prices and Increasing Replacement Lighting Market Penetration

14.3.Emergence of LaaS

14.4.Growing Adoption of LED Lighting in Home Decoration and Street Lighting

14.5.Development Of Smart Cities and Upcoming Mega Projects

15. Policy & Regulatory Landscape

16. Saudi Arabia Economic Profile                                                                                   

17. Competitive Landscape

17.1.             Competition Outlook

17.2.             Company Profiles

17.2.1. Al Nasser Group

17.2.1.1.    Company Overview

17.2.1.2.    Product Portfolio

17.2.1.3.    Geographical Presence

17.2.1.4.    Key Personals

17.2.1.5.    Recent Developments/Updates

17.2.2. LEDVANCE GmbH

17.2.2.1.    Company Overview

17.2.2.2.    Product Portfolio

17.2.2.3.    Geographical Presence

17.2.2.4.    Key Personals

17.2.2.5.    Recent Developments/Updates

17.2.3. Alfanar Group

17.2.3.1.    Company Overview

17.2.3.2.    Product Portfolio

17.2.3.3.    Geographical Presence

17.2.3.4.    Key Personals

17.2.3.5.    Recent Developments/Updates

17.2.4. NVC International Holdings Limited

17.2.4.1.    Company Overview

17.2.4.2.    Product Portfolio

17.2.4.3.    Geographical Presence

17.2.4.4.    Key Personals

17.2.4.5.    Recent Developments/Updates

17.2.5. OPPLE Lighting Co. Ltd.

17.2.5.1.    Company Overview

17.2.5.2.    Product Portfolio

17.2.5.3.    Geographical Presence

17.2.5.4.    Key Personals

17.2.5.5.    Recent Developments/Updates

17.2.6. CINMAR Lighting Systems

17.2.6.1.    Company Overview

17.2.6.2.    Product Portfolio

17.2.6.3.    Geographical Presence

17.2.6.4.    Key Personals

17.2.6.5.    Recent Developments/Updates

17.2.7. Huda Lighting

17.2.7.1.    Company Overview

17.2.7.2.    Product Portfolio

17.2.7.3.    Geographical Presence

17.2.7.4.    Key Personals

17.2.7.5.    Recent Developments/Updates

17.2.8. Al AbdulKarim Holding

17.2.8.1.    Company Overview

17.2.8.2.    Product Portfolio

17.2.8.3.    Geographical Presence

17.2.8.4.    Key Personals

17.2.8.5.    Recent Developments/Updates

17.2.9. Zumtobel Group AG

17.2.9.1.    Company Overview

17.2.9.2.    Product Portfolio

17.2.9.3.    Geographical Presence

17.2.9.4.    Key Personals

17.2.9.5.    Recent Developments/Updates

17.2.10.              Signify N.V.

17.2.10.1. Company Overview

17.2.10.2. Product Portfolio

17.2.10.3. Geographical Presence

17.2.10.4. Key Personals

17.2.10.5. Recent Developments/Updates

18. Strategic Recommendations

18.1.Use Energy Management Systems

18.2.Use Intelligent Lighting Controls

19. About Us & Disclaimer

Figures and Tables

Frequently asked questions

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The advantages of LED lighting are long lifespan, energy efficiency, no heat or UV emissions, low voltage operations, ability to operate in cold conditions, etc.

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The efficiency and lifetime of LED can be improved by inserting a single layer of nanoparticles between the LED chip and glass or plastic encasing.

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The efficiency of the Light Emitting Diode (LED) driver is the ratio of energy emitted by the driver to the power it consumes from the electric line.

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The two main type of LED drivers are constant current LED drivers and constant voltage LED drivers.

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Sakshi Bajaal

Business Consultant
Press Release

LED light bulbs are expected to dominate Saudi Arabia LED Lighting Market until 2028

Feb, 2023

Increasing demand for sustainability and rising demand for smart lighting are expected to augment the growth of Saudi Arabia LED Lighting Market during the forecast period of 2024-2028.

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