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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 3311 million in 2020. The market is further expected to grow at a CAGR of 17.5% in the forecast period of 2022-2027 to attain about SAR 8692 million by 2026.

 

Saudi Arabia LED Light Market

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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 2022-2027. 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.

 

Saudi Arabia LED Light Market By Application

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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.

 

Saudi Arabia LED Light Market By Region

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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 2020
Historical Period 2017-2021
Forecast Period 2022-2027
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.

 

*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual 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 (2017-2021) 
    8.3    GCC LED Light Market Forecast (2022-2027)
    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 (2017-2021) 
    9.3    Saudi Arabia LED Light Market Forecast (2022-2027)
    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 (2017-2021)
            9.4.1.3    Forecast Trend (2022-2027)
        9.4.2    Down Lights
            9.4.2.1    Market Share
            9.4.2.2    Historical Trend (2017-2021)
            9.4.2.3    Forecast Trend (2022-2027)
        9.4.3    Flood Lights
            9.4.3.1    Market Share
            9.4.3.2    Historical Trend (2017-2021)
            9.4.3.3    Forecast Trend (2022-2027)
        9.4.4    Street Lights
            9.4.4.1    Market Share
            9.4.4.2    Historical Trend (2017-2021)
            9.4.4.3    Forecast Trend (2022-2027)
        9.4.5    Tube Lights
            9.4.5.1    Market Share
            9.4.5.2    Historical Trend (2017-2021)
            9.4.5.3    Forecast Trend (2022-2027)
        9.4.6    Bulbs
            9.4.6.1    Market Share
            9.4.6.2    Historical Trend (2017-2021)
            9.4.6.3    Forecast Trend (2022-2027)
    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 (2017-2021)
            9.5.1.3    Forecast Trend (2022-2027)
        9.5.2    Commercial
            9.5.2.1    Market Share
            9.5.2.2    Historical Trend (2017-2021)
            9.5.2.3    Forecast Trend (2022-2027)
        9.5.3    Industrial
            9.5.3.1    Market Share
            9.5.3.2    Historical Trend (2017-2021)
            9.5.3.3    Forecast Trend (2022-2027)
        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 (2017-2021)
            9.6.1.3    Forecast Trend (2022-2027)
        9.6.2    Public
            9.6.2.1    Market Share
            9.6.2.2    Historical Trend (2017-2021)
            9.6.2.3    Forecast Trend (2022-2027)
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, 2017 and 2027
2.    Saudi Arabia LED Light Market: Key Industry Highlights, 2017 and 2027
3.    Saudi Arabia LED Light Historical Market: Breakup by Type (SAR Million), 2017-2021
4.    Saudi Arabia LED Light Market Forecast: Breakup by Type (SAR Million), 2022-2027
5.    Saudi Arabia LED Light Historical Market: Breakup by Application (SAR Million), 2017-2021
6.    Saudi Arabia LED Light Market Forecast: Breakup by Application (SAR Million), 2022-2027
7.    Saudi Arabia LED Light Historical Market: Breakup by Sector (SAR Million), 2017-2021
8.    Saudi Arabia LED Light Market Forecast: Breakup by Sector (SAR Million), 2022-2027
9.    Saudi Arabia LED Light Market Structure

Key Questions Answered in the Report

In 2020, the Saudi Arabia LED light market attained a value of nearly SAR 3311 million.

The market is projected to grow at a CAGR of 17.5% between 2022 and 2027.

The industry is primarily being driven by the  energy-saving initiatives, rising Saudi population and rapid urbanisation, Increased use of Internet of Things, and indoor lighting automation.

The key trends driving the market forward are the growing initiatives by the government supporting the installation of LED lights in public and private infrastructures and the development of smart cities.

The different types of LED lights in the industry are panel lights, down lights, flood lights, street lights, tube lights, and bulbs.

The various types of application segments of the industry are residential, commercial, and industrial, among others.

The primary sectors in the industry are private and public.

The major players in the industry 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 3311 million in 2020, 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 2022-2027, growing at a CAGR of 17.5%.

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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