Sale

Market Size

Saudi Arabia LED Light Market Analysis, Share, Forecast: 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; Competitive Landscape; 2024-2032

Saudi Arabia LED Light Market Size

The Saudi Arabia LED light market attained a value of nearly SAR 5,243.52 million in 2023 and expected to grow at a CAGR of 17.2% in the forecast period of 2024-2032 to attain a value of about SAR 21,876.16 million by 2032.

 

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 2024-2032. 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 Report Snapshots

Saudi Arabia Led Light Market Size

Saudi Arabia Led Light Companies

 

*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    Opportunities and Challenges in the Market
8    GCC LED Light Market Analysis

    8.1    Key Industry Highlights
    8.2    GCC LED Light Historical Market (2018-2023) 
    8.3    GCC LED Light Market Forecast (2024-2032)
    8.4    GCC LED Light Market by Country
        8.4.1    Saudi Arabia
        8.4.2    UAE
        8.4.3    Qatar
        8.4.4    Others
9    Saudi Arabia LED Light Market Analysis
    9.1    Key Industry Highlights
    9.2    Saudi Arabia LED Light Historical Market (2018-2023) 
    9.3    Saudi Arabia LED Light Market Forecast (2024-2032)
    9.4    Saudi Arabia LED Light Market by Type
        9.4.1    Panel Lights
            9.4.1.1    Historical Trend (2018-2023)
            9.4.1.2    Forecast Trend (2024-2032)
        9.4.2    Down Lights
            9.4.2.1    Historical Trend (2018-2023)
            9.4.2.2    Forecast Trend (2024-2032)
        9.4.3    Flood Lights
            9.4.3.1    Historical Trend (2018-2023)
            9.4.3.2    Forecast Trend (2024-2032)
        9.4.4    Street Lights
            9.4.4.1    Historical Trend (2018-2023)
            9.4.4.2    Forecast Trend (2024-2032)
        9.4.5    Tube Lights
            9.4.5.1    Historical Trend (2018-2023)
            9.4.5.2    Forecast Trend (2024-2032)
        9.4.6    Bulbs
            9.4.6.1    Historical Trend (2018-2023)
            9.4.6.2    Forecast Trend (2024-2032)
    9.5    Saudi Arabia LED Light Market by Application
        9.5.1    Residential
            9.5.1.1    Historical Trend (2018-2023)
            9.5.1.2    Forecast Trend (2024-2032)
        9.5.2    Commercial
            9.5.2.1    Historical Trend (2018-2023)
            9.5.2.2    Forecast Trend (2024-2032)
        9.5.3    Industrial
            9.5.3.1    Historical Trend (2018-2023)
            9.5.3.2    Forecast Trend (2024-2032)
        9.5.4    Others
    9.6    Saudi Arabia LED Light Market by Sector
        9.6.1    Private
            9.6.1.1    Historical Trend (2018-2023)
            9.6.1.2    Forecast Trend (2024-2032)
        9.6.2    Public
            9.6.2.1    Historical Trend (2018-2023)
            9.6.2.2    Forecast Trend (2024-2032)
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    Key Trends and Developments in the Market


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 2032
2.    Saudi Arabia LED Light Market: Key Industry Highlights, 2018 and 2032
3.    Saudi Arabia LED Light Historical Market: Breakup by Type (SAR Million), 2018-2023
4.    Saudi Arabia LED Light Market Forecast: Breakup by Type (SAR Million), 2024-2032
5.    Saudi Arabia LED Light Historical Market: Breakup by Application (SAR Million), 2018-2023
6.    Saudi Arabia LED Light Market Forecast: Breakup by Application (SAR Million), 2024-2032
7.    Saudi Arabia LED Light Historical Market: Breakup by Sector (SAR Million), 2018-2023
8.    Saudi Arabia LED Light Market Forecast: Breakup by Sector (SAR Million), 2024-2032
9.    Saudi Arabia LED Light Market Structure

Key Questions Answered in the Report

In 2023, the Saudi Arabia LED light market attained a value of nearly SAR 5,243.52 million.

The market is projected to grow at a CAGR of 17.2% between 2024 and 2032.

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 5,243.52 million in 2023, 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 2024-2032, 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.

Purchase Full Report

Mini Report

$ 2199     $1999
  • Selected Sections, One User
  • Printing Not Allowed
  • Email Delivery in PDF
  • Free Limited Customisation
  • Post Sales Analyst Support
  • 50% Discount on Next Update

Single User License

$ 3299     $2999
  • All Sections, One User
  • One Print Allowed
  • Email Delivery in PDF
  • Free Limited Customisation
  • Post Sales Analyst Support
  • 50% Discount on Next Update
most popular

Five User License

$ 4399     $3999
  • All Sections, Five Users
  • Five Prints Allowed
  • Email Delivery in PDF
  • Free Limited Customisation
  • Post Sales Analyst Support
  • 50% Discount on Next Update

Corporate License

$ 5499     $4999
  • All Sections, Unlimited Users
  • Unlimited Prints Allowed
  • Email Delivery in PDF + Excel
  • Free Limited Customisation
  • Post Sales Analyst Support
  • 50% Discount on Next Update

Any Question? Speak With An Analyst

Contact Analyst

View A Sample

Request Sample

Did You Miss Anything, Ask Now

Request Customisation
Why Expert Market Research?

Right People

We are technically excellent, strategic, practical, experienced and efficient; our analysts are hand-picked based on having the right attributes to work successfully and execute projects based on your expectations.

Right Methodology

We leverage our cutting-edge technology, our access to trusted databases, and our knowledge of the current models used in the market to deliver you research solutions that are tailored to your needs and put you ahead of the curve.

Right Price

We deliver in-depth and superior quality research in prices that are reasonable, unmatchable, and shows our understanding of your resource structure. We, additionally, offer attractive discounts on our upcoming reports.

Right Support

Our team of expert analysts are at your beck and call to deliver you optimum results that are customised to meet your precise needs within the specified timeframe and help you form a better understanding of the industry.

NEWSLETTER