Reports
Saudi Arabia LED Light Market: By Type: Panel Lights, Down Lights, Flood Lights, Street Lights, Tube Lights, Bulbs; By Application: Residential, Commercial, Industrial, Others; By Sector: Private, Public; Market Dynamics: SWOT Analysis, Porter’s Five Forces Analysis; Value Chain Analysis; Competitive Landscape; Industry Events and Developments
Saudi Arabia LED Light Market Outlook
The Saudi Arabia LED light market attained a value of nearly SAR 4473.99 million in 2022 and expected to grow at a CAGR of 17.2% in the forecast period of 2023-2028 to attain a value of about SAR 11594.73 million by 2028.
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While Saudi Arabia’s oil reserves are abundant, the KSA has been confronted by the problem of energy waste in recent years due to energy-efficient household appliances. Residential electricity accounts for 80% of KSA’s electricity consumption. Thus, the Saudi government has been pushing energy-saving initiatives which have been exemplified by a large-scale installation of LED lighting systems in private and public buildings. Saudi Arabia imported LED lighting products from China worth USD 87.37 million in 2016 which was an increase of almost 40% over the same period from the previous year.
The electrical market in Saudi Arabia is expected to grow at a CAGR of over 10% during the period 2023-2028. Significant investments in public and private infrastructure along with the efforts of the government to encourage LED use are driving the market for LED lights. In order to promote LED lights, the Saudi Arabian government has adopted global energy efficiency standards and increased tariffs on imports of incandescent and compact fluorescent lights. There are nearly 4,700 reported construction projects underway in Saudi Arabia, the estimated value of which is USD 852.3 billion. More than 3,300 projects under the urban construction sector comprise nearly 70% of all construction activities in the Kingdom and are driven by the steadily rising Saudi population and urbanization trends.
Following the Deputy Crown Prince Mohammad bin Salman Al Saud’s Kingdom’s Vision 2030 plan, Saudi Arabia would modernize infrastructure in 285 municipalities before 2030. This would involve creating whole mega-cities or smart cities from the ground. Building new cities would permit energy-efficient and smart lighting technologies to be directly built into industrial, commercial and infrastructure developments as compared to retrofitting existing systems, giving LED lighting more opportunities to replace conventional lighting.
Focus on conserving energy and reducing inefficient lighting is driving transformation. Further, wider adoption of LED, reduced illumination package prices and technology trends such as dynamic lighting, adjustable white light, and wireless control systems are factors fueling market growth. Intelligent street lighting and integrated lighting solutions that use remote monitoring, and street lighting management systems are being tried out. Increased use of Internet of Things, indoor lighting automation, “Li-fi”, and Lighting-as-a-Service are trends anticipated to drive the KSA market in years to come.
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The present report provides a segment-wise analysis of the market on the basis of product type including:
- Panel Lights
- Flood Lights
- Down Lights
- Street Lights
- Tube Lights
- Bulbs
The report also segments the market based on application, such as residential, industrial, commercial, etc.
Further, the report sheds light on the macro and micro aspects of industry performance, recent trends, major challenges and key drivers. SWOT analysis, value chain analysis and Porter’s five forces analysis of Saudi Arabia’s LED light market have been carried out. Manufacturing and processing requirements, cost of project, project funding, returns on investment and expected profit margins have also been estimated.
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Competitive Landscape
Detailed analysis of the following key players covering their capacities, market share and latest turn of events such as mergers and acquisitions, capacity expansions and plant turnarounds in the market is offered in the report:
- Al Nasser Group
- Saudi Led Light Co,
- National Lighting Company
- TECHNO LED LIGHTS
- Inara Company Limited
- Nardeen Lighting Company LLC
- Huda Lighting
- Philips Saudi Lighting Company
| REPORT FEATURES | DETAILS |
|---|---|
| Base Year | 2022 |
| Historical Period | 2018-2022 |
| Forecast Period | 2023-2028 |
| Scope of the Report | Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- Type, Application, Sector |
| Breakup by Type | Panel Lights, Down Lights, Flood Lights, Street Lights, Tube Lights, Bulbs |
| Breakup by Application | Residential, Commercial, Industrial, Others |
| Breakup by Sector | Private, Public |
| Market Dynamics | SWOT, Porter's Five Forces, Key Indicators for Price and Demand |
| Price Analysis | Historical and Forecast Price Trends- Regional |
| Competitive Landscape | Market Structure, Company Profiles- Company Overview, Product Portfolio, Demographic Reach and Achievements, Certifications |
| Companies Covered | Al Nasser Group, Saudi LED Light, National Lighting Company, TECHNO LED LIGHTS, Inara Company Limited,, Nardeen Lighting Company LLC, Huda Lighting, Philips Saudi Lighting Company |
| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Snapshot
6.1 Saudi Arabia
7 Industry Opportunities and Challenges
8 GCC LED Light Market Analysis
8.1 Key Industry Highlights
8.2 GCC LED Light Historical Market (2018-2022)
8.3 GCC LED Light Market Forecast (2023-2028)
8.4 GCC LED Light Market by Country
8.4.1 Market Share
8.4.1.1 Saudi Arabia
8.4.1.2 UAE
8.4.1.3 Qatar
8.4.1.4 Others
9 Saudi Arabia LED Light Market Analysis
9.1 Key Industry Highlights
9.2 Saudi Arabia LED Light Historical Market (2018-2022)
9.3 Saudi Arabia LED Light Market Forecast (2023-2028)
9.4 Saudi Arabia LED Light Market by Type
9.4.1 Panel Lights
9.4.1.1 Market Share
9.4.1.2 Historical Trend (2018-2022)
9.4.1.3 Forecast Trend (2023-2028)
9.4.2 Down Lights
9.4.2.1 Market Share
9.4.2.2 Historical Trend (2018-2022)
9.4.2.3 Forecast Trend (2023-2028)
9.4.3 Flood Lights
9.4.3.1 Market Share
9.4.3.2 Historical Trend (2018-2022)
9.4.3.3 Forecast Trend (2023-2028)
9.4.4 Street Lights
9.4.4.1 Market Share
9.4.4.2 Historical Trend (2018-2022)
9.4.4.3 Forecast Trend (2023-2028)
9.4.5 Tube Lights
9.4.5.1 Market Share
9.4.5.2 Historical Trend (2018-2022)
9.4.5.3 Forecast Trend (2023-2028)
9.4.6 Bulbs
9.4.6.1 Market Share
9.4.6.2 Historical Trend (2018-2022)
9.4.6.3 Forecast Trend (2023-2028)
9.5 Saudi Arabia LED Light Market by Application
9.5.1 Residential
9.5.1.1 Market Share
9.5.1.2 Historical Trend (2018-2022)
9.5.1.3 Forecast Trend (2023-2028)
9.5.2 Commercial
9.5.2.1 Market Share
9.5.2.2 Historical Trend (2018-2022)
9.5.2.3 Forecast Trend (2023-2028)
9.5.3 Industrial
9.5.3.1 Market Share
9.5.3.2 Historical Trend (2018-2022)
9.5.3.3 Forecast Trend (2023-2028)
9.5.4 Others
9.6 Saudi Arabia LED Light Market by Sector
9.6.1 Private
9.6.1.1 Market Share
9.6.1.2 Historical Trend (2018-2022)
9.6.1.3 Forecast Trend (2023-2028)
9.6.2 Public
9.6.2.1 Market Share
9.6.2.2 Historical Trend (2018-2022)
9.6.2.3 Forecast Trend (2023-2028)
10 Comparative Analysis of CFL and LED
11 Market Dynamics
11.1 SWOT Analysis
11.1.1 Strengths
11.1.2 Weaknesses
11.1.3 Opportunities
11.1.4 Threats
11.2 Porter’s Five Forces Analysis
11.2.1 Supplier’s Power
11.2.2 Buyer’s Power
11.2.3 Threat of New Entrants
11.2.4 Degree of Rivalry
11.2.5 Threat of Substitutes
11.3 Key Indicators for Demand
11.4 Key Indicators for Price
12 Value Chain Analysis
13 Competitive Landscape
13.1 Market Structure
13.2 Company Profiles
13.2.1 Alnasser Group
13.2.1.1 Company Overview
13.2.1.2 Product Portfolio
13.2.1.3 Demographic Reach and Achievements
13.2.1.4 Certifications
13.2.2 Saudi Led Light Co,
13.2.2.1 Company Overview
13.2.2.2 Product Portfolio
13.2.2.3 Demographic Reach and Achievements
13.2.2.4 Certifications
13.2.3 NATIONAL LIGHTING CORP.
13.2.3.1 Company Overview
13.2.3.2 Product Portfolio
13.2.3.3 Demographic Reach and Achievements
13.2.3.4 Certifications
13.2.4 TECHNO LED LIGHTS
13.2.4.1 Company Overview
13.2.4.2 Product Portfolio
13.2.4.3 Demographic Reach and Achievements
13.2.4.4 Certifications
13.2.5 Inara Lighting Company
13.2.5.1 Company Overview
13.2.5.2 Product Portfolio
13.2.5.3 Demographic Reach and Achievements
13.2.5.4 Certifications
13.2.6 Nardeen Lighting Co. Ltd.
13.2.6.1 Company Overview
13.2.6.2 Product Portfolio
13.2.6.3 Demographic Reach and Achievements
13.2.6.4 Certifications
13.2.7 Huda Lighting
13.2.7.1 Company Overview
13.2.7.2 Product Portfolio
13.2.7.3 Demographic Reach and Achievements
13.2.7.4 Certifications
13.2.8 Philips SLC
13.2.8.1 Company Overview
13.2.8.2 Product Portfolio
13.2.8.3 Demographic Reach and Achievements
13.2.8.4 Certifications
13.2.9 Others
14 Industry Events and Developments
Additional Customisations Available
1 Manufacturing Process
1.1 Overview
1.2 Detailed Process Flow
1.3 Operation Involved
2 Project Requirement and Cost Analysis
2.1 Land, Location and Site Development
2.2 Construction
2.3 Plant Machinery
2.4 Cost of Raw Material
2.5 Packaging
2.6 Transportation
2.7 Utilities
2.8 Manpower
2.9 Other Capital Investment
List of Key Figures and Tables
1. GCC LED Light Market: Key Industry Highlights, 2018 and 2028
2. Saudi Arabia LED Light Market: Key Industry Highlights, 2018 and 2028
3. Saudi Arabia LED Light Historical Market: Breakup by Type (SAR Million), 2018-2022
4. Saudi Arabia LED Light Market Forecast: Breakup by Type (SAR Million), 2023-2028
5. Saudi Arabia LED Light Historical Market: Breakup by Application (SAR Million), 2018-2022
6. Saudi Arabia LED Light Market Forecast: Breakup by Application (SAR Million), 2023-2028
7. Saudi Arabia LED Light Historical Market: Breakup by Sector (SAR Million), 2018-2022
8. Saudi Arabia LED Light Market Forecast: Breakup by Sector (SAR Million), 2023-2028
9. Saudi Arabia LED Light Market Structure
Key Questions Answered in the Report
In 2022, the Saudi Arabia LED light market attained a value of nearly SAR 4473.99 million.
The market is projected to grow at a CAGR of 17.2% between 2023 and 2028.
The growth of the market is driven by the energy-saving initiatives, rising Saudi population, rapid urbanisation, increased use of Internet of Things, and indoor lighting automation.
The growing initiatives by the government, supporting the installation of LED lights in public and private infrastructures and the development of smart cities, is a key trend for the market.
The different types of LED lights in the market are panel lights, down lights, flood lights, street lights, tube lights, and bulbs.
The LED lights find applications in residential, commercial, and industrial sectors, among others.
The major sectors can be divided between public and private.
The major players in the market are Al Nasser Group, Saudi LED Light, National Lighting Company, TECHNO LED LIGHTS, Inara Company Limited,, Nardeen Lighting Company LLC, Huda Lighting, Philips Saudi Lighting Company.
Analyst Review
The Saudi Arabia LED light market attained a value of nearly SAR 4473.99 million in 2022, driven by the growing initiatives by the government supporting the installation of LED lights in public and private infrastructures. Aided by the energy-saving initiatives and development of smart cities, the market is expected to witness a further growth in the forecast period of 2023-2028, growing at a CAGR of 17.2%.
EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. Based on its types, the Saudi Arabia LED light industry can be segmented into panel lights, down lights, flood lights, streetlights, tube lights, and bulbs. By application, residential, commercial, and industrial, among others are the various segments. On the basis of sectors, private and public are the major categories. The key players in the above market include Al Nasser Group, Saudi LED Light, National Lighting Company, TECHNO LED LIGHTS, Inara Company Limited,, Nardeen Lighting Company LLC, Huda Lighting, Philips Saudi Lighting Company.
EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.
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