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Saudi Arabia Lighting Market: By Lighting Type: LEDs, CFLs, Halogens, Incandescent, Others; By End Use: General, Automotive; By Distribution Channel: Supermarkets and Hypermarkets, Convenience Stores, Others; Historical Market and Forecast (2017-2027); Market Dynamics; Competitive Landscape; Industry Events and Developments

Saudi Arabia Lighting Market Outlook

The Saudi Arabia lighting market attained a value of  around  USD 0.97 billion in 2020. the market is expected to grow at a CAGR of 7.1% in the forecast period of 2022-2027 to attain a value of around USD 1.46 billion by 2026.

 

Increasing Demand for LED Lighting to Propel the Lighting Industry Growth in Saudi Arabia

Lighting is in high demand in Saudi Arabia due to rising urbanisation and the real estate sector's rapid expansion. One of the main factors driving the Saudi Arabia lighting industry is the increasing demand for energy-efficient lighting systems as a result of rising environmental concerns and rapid industrialisation. The Saudi Arabian government is also emphasising the use of smart lighting systems in order to balance increasing energy demands and reduce operating costs, thus, boosting the country's smart lighting industry. LED lighting is the most in-demand segment.

 

Saudi Arabia Lighting Market

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The demand for LED lights is being driven by significant developments in public and private infrastructure, as well as government efforts to promote LED use. The Saudi Arabian government has introduced global energy quality regulations and raised tariffs on incandescent and compact fluorescent light imports in order to encourage LED lamps.

 

Lighting: Industry Definition and Segmentation

The intentional use or arrangement of lights in a space, shopping complex, roadway, or other location to achieve functional or aesthetic results is known as lighting. The industry is flooded with various forms of artificial light sources, such as lamps and light fixtures, among others.

The market is divided on the basis of lighting type into:

  • LEDs
  • CFLs
  • Halogens
  • Incandescent
  • Others

In terms of end use, the market is segmented into:

  • General 
  • Automotive

Among these, the general segment is further divided based on sector into residential and non-residential.

The market is segregated based on distribution channel into:

  • Supermarkets and Hypermarkets
  • Convenience Stores
  • Specialty Stores
  • Online
  • Others

 

Favourable Government Policies and the Increasing Infrastructural Investments to Aid the Lighting Industry in Saudi Arabia

The various government policies aimed at constructing notable infrastructure would result in the construction of new smart cities in Saudi Arabia, which, in turn, is expected to boost the demand for lighting during the forecast period. For example, under Saudi Arabia Megaproject Vision 2030, the Saudi Arabian government is building smart lighting networks for various municipalities, including the Makkah and Riyadh Metro systems, as well as the expansion of the King Abdulaziz International Airport in the coming years. The transition is being driven by the increasing focus on energy conservation and the need to reduce unnecessary electricity consumption. Furthermore, the industry growth is being fuelled by the increasing LED penetration, lower illumination kit costs, and technological developments such as dynamic lighting, customisable white light, and wireless control systems. Furthermore, street lighting control schemes, as well as intelligent street lighting and integrated lighting technologies that use remote tracking, are being tested. In addition, increased use of the Internet of Things, indoor lighting automation, "Li-fi," and Lighting-as-a-Service are expected to propel the Saudi Arabia lighting industry in the coming years.

 

Key Industry Players in the Saudi Arabia Lighting Market

The report gives a detailed analysis of the following key players in the Saudi Arabia lighting market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:

  • Signify Holding
  • Al Nasser Group
  • National Lighting Company
  • HEBA Lighting
  • Others

The comprehensive EMR report provides an in-depth assessment of the industry based on the Porter's five forces model along with giving a SWOT analysis.

 

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- Lighting Type, End Use, Distribution Channel
Breakup by Lighting Type LEDs, CFLs, Halogens, Incandescent, Others
Breakup by End Use General, Automotive
Breakup by Distribution Channel Supermarkets and Hypermarkets, Convenience Stores, Specialty Stores, Online, Others
Market Dynamics SWOT, Porter's Five Forces, EMR’s Key Indicators for Price and Demand
Competitive Landscape Market Structure, Company Profiles- Company Overview, Product Portfolio, Demographic Reach and Achievements, Certifications
Companies Covered Signify Holding, Al Nasser Group, National Lighting Company, HEBA Lighting, Others
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    Saudi Arabia Lighting Market Analysis

    8.1    Key Industry Highlights
    8.2    Saudi Arabia Lighting Historical Market (2017-2021) 
    8.3    Saudi Arabia Lighting Market Forecast (2022-2027)
    8.4    Saudi Arabia Lighting Market by Lighting Type
        8.4.1    LEDs
            8.4.1.1    Market Share
            8.4.1.2    Historical Trend (2017-2021)
            8.4.1.3    Forecast Trend (2022-2027)
        8.4.2    CFLs
            8.4.2.1    Market Share
            8.4.2.2    Historical Trend (2017-2021)
            8.4.2.3    Forecast Trend (2022-2027)
        8.4.3    Halogens
            8.4.3.1    Market Share
            8.4.3.2    Historical Trend (2017-2021)
            8.4.3.3    Forecast Trend (2022-2027)
        8.4.4    Incandescent
            8.4.4.1    Market Share
            8.4.4.2    Historical Trend (2017-2021)
            8.4.4.3    Forecast Trend (2022-2027)
        8.4.5    Others
    8.5    Saudi Arabia Lighting Market by End Use
        8.5.1    General
            8.5.1.1    Market Share
            8.5.1.2    Historical Trend (2017-2021)
            8.5.1.3    Forecast Trend (2022-2027)
            8.5.1.4    Breakup by Sector
                8.5.1.4.1    Residential
                    8.5.1.4.1.1    Market Share
                    8.5.1.4.1.2    Historical Trend (2017-2021)
                    8.5.1.4.1.3    Forecast Trend (2022-2027)
                8.5.1.4.2    Non-Residential
                    8.5.1.4.2.1    Market Share
                    8.5.1.4.2.2    Historical Trend (2017-2021)
                    8.5.1.4.2.3    Forecast Trend (2022-2027)
        8.5.2    Automotive
            8.5.2.1    Market Share
            8.5.2.2    Historical Trend (2017-2021)
            8.5.2.3    Forecast Trend (2022-2027)
    8.6    Saudi Arabia Lighting Market by Distribution Channel
        8.6.1    Supermarkets and Hypermarkets
            8.6.1.1    Market Share
            8.6.1.2    Historical Trend (2017-2021)
            8.6.1.3    Forecast Trend (2022-2027)
        8.6.2    Convenience Stores
            8.6.2.1    Market Share
            8.6.2.2    Historical Trend (2017-2021)
            8.6.2.3    Forecast Trend (2022-2027)
        8.6.3    Specialty Stores
            8.6.3.1    Market Share
            8.6.3.2    Historical Trend (2017-2021)
            8.6.3.3    Forecast Trend (2022-2027)
        8.6.4    Online
            8.6.4.1    Market Share
            8.6.4.2    Historical Trend (2017-2021)
            8.6.4.3    Forecast Trend (2022-2027)
        8.6.5    Others
9    Market Dynamics
    9.1    SWOT Analysis
        9.1.1    Strengths
        9.1.2    Weaknesses
        9.1.3    Opportunities
        9.1.4    Threats
    9.2    Porter’s Five Forces Analysis
        9.2.1    Supplier’s Power
        9.2.2    Buyer’s Power
        9.2.3    Threat of New Entrants
        9.2.4    Degree of Rivalry
        9.2.5    Threat of Substitutes
    9.3    EMR’s Key Indicators for Demand
    9.4    EMR’s Key Indicators for Price
10    Value Chain Analysis
11    Competitive Landscape

    11.1    Market Structure
    11.2    Company Profiles
        11.2.1    Signify Holding
            11.2.1.1    Company Overview
            11.2.1.2    Product Portfolio
            11.2.1.3    Demographic Reach and Achievements
            11.2.1.4    Certifications
        11.2.2    Al Nasser Group
            11.2.2.1    Company Overview
            11.2.2.2    Product Portfolio
            11.2.2.3    Demographic Reach and Achievements
            11.2.2.4    Certifications
        11.2.3    National Lighting Company
            11.2.3.1    Company Overview
            11.2.3.2    Product Portfolio
            11.2.3.3    Demographic Reach and Achievements
            11.2.3.4    Certifications
        11.2.4    HEBA Lighting
            11.2.4.1    Company Overview
            11.2.4.2    Product Portfolio
            11.2.4.3    Demographic Reach and Achievements
            11.2.4.4    Certifications
        11.2.5    Others
12    Industry Events and Developments

 

List of Figures and Tables

1.    Saudi Arabia Lighting Market: Key Industry Highlights, 2016 and 2026
2.    Saudi Arabia Lighting Historical Market: Breakup by Lighting Type (USD Billion), 2017-2021
3.    Saudi Arabia Lighting Market Forecast: Breakup by Lighting Type (USD Billion), 2022-2027
4.    Saudi Arabia Lighting Historical Market: Breakup by End Use (USD Billion), 2017-2021
5.    Saudi Arabia Lighting Market Forecast: Breakup by End Use (USD Billion), 2022-2027
6.    Saudi Arabia Lighting Historical Market: Breakup by Distribution Channel (USD Billion), 2017-2021
7.    Saudi Arabia Lighting Market Forecast: Breakup by Distribution Channel (USD Billion), 2022-2027
8.    Saudi Arabia Lighting Market Structure

Key Questions Answered in the Report

The market is projected to grow at a CAGR of 7.1% between 2021 and 2026.

The market is estimated to witness a healthy growth in the forecast period of 2022-2027 to reach USD 1.46 billion by 2026.

The key industry drivers include the rising urbanisation and the real estate sector's rapid expansion, along with increased awareness and demand for smart and LED lighting.

Various government policies and the increase shift towards energy efficient and clean energy is the key industry trend pushing the market for lighting in Saudi Arabia.

LED lighting is the dominant type of lighting in the industry.

The end uses can be divided into general and automotive. General can be further divided into residential and non-residential.

The leading distribution channels in the market are supermarkets and hypermarkets, convenience stores, speciality stores and online, among others.

The major players in the industry are Signify Holding, Al Nasser Group, National Lighting Company and HEBA Lighting, among others.

Analyst Review

The Saudi Arabia lighting market is driven by the rising urbanisation and the real estate sector's rapid expansion, along with increased awareness and demand for smart and LED lighting. Aided by various government policies and the increase shift towards energy efficient and clean energy is the key industry trend pushing the market for lighting in Saudi Arabia, the market is expected to witness a further growth in the forecast period of 2022-2027, growing at a CAGR of 7.1%. The market is projected to reach USD 1.46 billion by 2026.

EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. Based on its types, the lighting industry can be segmented into LEDs, CFLs, halogens and incandescent, among others, where LEDs account for the largest market share. The end uses can be divided into general and automotive. General can be further divided into residential and non-residential. The leading distribution channels in the market are supermarkets and hypermarkets, convenience stores, speciality stores and online, among others. The key players in the above market include Signify Holding, Al Nasser Group, National Lighting Company, and HEBA Lighting, among others.

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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