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Saudi Arabia Lighting Market Size, Share, Growth, Forecast: By Lighting Type: LEDs, CFLs, Halogens, Incandescent, Others; By End Use: General, Automotive; By Distribution Channel: Supermarkets/Hypermarkets, Convenience Stores, Specialty Stores, Online, Others; Market Dynamics: SWOT Analysis; Competitive Landscape; 2024-2032
Saudi Arabia Lighting Market Outlook
The Saudi Arabia lighting market attained a value of around USD 1.19 billion in 2023. the market is expected to grow at a CAGR of 7.1% in the forecast period of 2024-2032 to attain a value of around USD 2.20 billion by 2032.
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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.
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: Market 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.
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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
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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 market based on the Porter's five forces model along with giving a SWOT analysis.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
|
| Breakup by Lighting Type |
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| Breakup by End Use |
|
| Breakup by Distribution Channel |
|
| Market Dynamics |
|
| Competitive Landscape |
|
| Companies Covered |
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| 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 Opportunities and Challenges in the Market
8 Saudi Arabia Lighting Market Analysis
8.1 Key Industry Highlights
8.2 Saudi Arabia Lighting Historical Market (2018-2023)
8.3 Saudi Arabia Lighting Market Forecast (2024-2032)
8.4 Saudi Arabia Lighting Market by Lighting Type
8.4.1 LEDs
8.4.1.1 Historical Trend (2018-2023)
8.4.1.2 Forecast Trend (2024-2032)
8.4.2 CFLs
8.4.2.1 Historical Trend (2018-2023)
8.4.2.2 Forecast Trend (2024-2032)
8.4.3 Halogens
8.4.3.1 Historical Trend (2018-2023)
8.4.3.2 Forecast Trend (2024-2032)
8.4.4 Incandescent
8.4.4.1 Historical Trend (2018-2023)
8.4.4.2 Forecast Trend (2024-2032)
8.4.5 Others
8.5 Saudi Arabia Lighting Market by End Use
8.5.1 General
8.5.1.1 Historical Trend (2018-2023)
8.5.1.2 Forecast Trend (2024-2032)
8.5.1.3 Breakup by Sector
8.5.1.3.1 Residential
8.5.1.3.1.1 Market Share
8.5.1.3.1.2 Historical Trend (2018-2023)
8.5.1.3.1.3 Forecast Trend (2024-2032)
8.5.1.3.2 Non-Residential
8.5.1.3.2.1 Market Share
8.5.1.3.2.2 Historical Trend (2018-2023)
8.5.1.3.2.3 Forecast Trend (2024-2032)
8.5.2 Automotive
8.5.2.1 Historical Trend (2018-2023)
8.5.2.2 Forecast Trend (2024-2032)
8.6 Saudi Arabia Lighting Market by Distribution Channel
8.6.1 Supermarkets and Hypermarkets
8.6.1.1 Historical Trend (2018-2023)
8.6.1.2 Forecast Trend (2024-2032)
8.6.2 Convenience Stores
8.6.2.1 Historical Trend (2018-2023)
8.6.2.2 Forecast Trend (2024-2032)
8.6.3 Specialty Stores
8.6.3.1 Historical Trend (2018-2023)
8.6.3.2 Forecast Trend (2024-2032)
8.6.4 Online
8.6.4.1 Historical Trend (2018-2023)
8.6.4.2 Forecast Trend (2024-2032)
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 Key Indicators for Demand
9.4 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 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Saudi Arabia Lighting Market: Key Industry Highlights, 2018 and 2032
2. Saudi Arabia Lighting Historical Market: Breakup by Lighting Type (USD Billion), 2018-2023
3. Saudi Arabia Lighting Market Forecast: Breakup by Lighting Type (USD Billion), 2024-2032
4. Saudi Arabia Lighting Historical Market: Breakup by End Use (USD Billion), 2018-2023
5. Saudi Arabia Lighting Market Forecast: Breakup by End Use (USD Billion), 2024-2032
6. Saudi Arabia Lighting Historical Market: Breakup by Distribution Channel (USD Billion), 2018-2023
7. Saudi Arabia Lighting Market Forecast: Breakup by Distribution Channel (USD Billion), 2024-2032
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 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach USD 2.20 billion by 2032.
The major market drivers include rapid urbanisation, the expansion of the real estate sector, and the increasing awareness regarding the benefits of smart lighting.
The key trends propelling the market demand are the shift towards energy efficient and clean lighting solutions and favourable government policies supporting the same.
LEDs, CFLs, halogens, and incandescent are the major lighting types considered in the market report.
General and automotive are the various end uses of lighting.
The different distribution channels in the market are supermarkets and hypermarkets, convenience stores, speciality stores, and online, among others.
The major players in the market 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 2024-2032, growing at a CAGR of 7.1%. The market is projected to reach USD 2.20 billion by 2032.
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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