The report titled “Saudi Arabia LED Lighting Market Outlook to 2023- By Type of LEDs (Lamps and Luminaires), By Usage (Indoor and Outdoor), By Sector (Commercial, Residential, Industrial, Healthcare, Hospitality and others), By Region, By Sales (Project and Retail)” suggests that the growth in construction space and the government initiatives to reduce the electricity consumption by slashing the subsidies on electricity prices and installing LED lighting in the public spaces is boosting the market. The market is further expected to grow registering a CAGR close to 18% in terms of revenue during the year 2018-2023.
Development of construction industry, evolution of infrastructure, increase in demand for energy efficient lighting solutions and introduction of new products by the lighting companies have been the key factors driving growth in Saudi Arabia LED Lighting Market.
Saudi Arabia LED lighting market is concentrated with approximately 50 players present in the market in 2018. The market is import driven majorly being done from various European countries, China and USA. The market is highly correlated with the construction industry and development of large scale infrastructure projects in the country has facilitated the demand for the LED lighting products. The problems in erratic power supply and reduction in the subsidies on electricity prices have been key reasons for development of market. The successful penetration of LED lighting in the commercial sector and introduction of new products by the companies has helped in building the market. Government has also increased expenditure on upgrading the present lighting system in the country with new energy efficient LED lighting fixtures. The channel used by the companies consists of wholesaler, distributors and lighting showrooms and others where others include channels such as direct sales and small retailers. Project sales dominate the sales of LED lighting products in the country. Commercial sector is the biggest end user sector of the LED lighting products in the region.
Saudi Arabia lighting market has presence of wide variety of lighting technologies such as CFL, incandescent lamps, sodium bulbs, halogen lamps, ceramic metal halide, high pressure sodium and other lighting technologies. The market has presence of both big international companies such as Philips, Zumtobel, Cooper Lighting (Eaton) and domestic companies such as Al Nasser Group and National Lighting companies. The market has witnessed consolidation in the past such as Royale Philips acquiring 51% stakes in General Lighting Company and forming Philips Saudi Lighting Company in 2014. Market players face fierce competition from the importers of LED lighting products from China and European countries which are supplying product at low costs.
Keywords
Saudi Arabia LED Lighting Market
KSA LED Lamps Market
Saudi Arabia LED Luminaires Market
Downlight Sales Saudi Arabia
Linear Lights Sales KSA
Flood Lights Revenue Saudi Arabia
High Bay Luminaires Revenue KSA
Riyadh Sales LED Lights
Jeddah LED Lamps Sales
LED Tubes Sales KSA
Saudi Arabia LED Street Lighting Market
Indoor LED Light Sales KSA
LED Outdoor Revenue KSA
LED Parking Lot Revenue Saudi Arabia
Residential LED Light Sales Saudi Arabia
Commercial LED Tubes Market KSA
Project Sales LED Saudi Arabia
Retail Sales LED Lighting Saudi Arabia
LED Lights Imports Saudi Arabia
Domestic OEMs LED Lights Saudi Arabia
International OEMs LED Lights Saudi Arabia
Competition LED Lights KSA
Philips Saudi Arabia Sales
LED Lighting Retail Chains Saudi Arabia
Al Naseer LED Lamps Saudi Arabia
Cost Component LED Lamps Saudi Arabia
National Lighting Company Market share Saudi ArabiaKey Segments Covered
By Type of LEDs (On the Basis of Revenue)
LED Luminaires
Downlights
Linear Lights
Flood Lights
High Bay
Other Luminaires
LED Lamps
By Usage of LEDs (On the Basis of Revenue)
Indoor
Outdoor
Street Lighting
Building Exteriors/ Façade Lighting
Parking Lots and Garages
Others
By End User Sector (On the Basis of Revenue)
Commercial
Residential
Industrial
Healthcare
Hospitality
Others
By End User Sector (On the Basis of Revenue)
Central
Eastern
Western
North and South
By Type of Sales (On the Basis of Revenue)
Project
Retail
Key Target Audience
Existing LED Lighting Manufacturers in Saudi Arabia
New Market Entrants- Domestic OEMs
New Market Entrants- Foreign OEMs
Real Estate Companies
Government Bodies
Investors & Venture Capital Firms
Lighting Equipment Manufacturers and Importers
LED Lighting Retail Chains
Lighting Equipment Distributors
Lighting Equipment Associations
Time Period Captured in the Report:
2013-2018 – Historical Period
2013-2023 – Future Forecast
Companies Covered:
Philips Saudi Lighting Company
Al Nasser Group, National Lighting Company
Cooper Lighting (Eaton)
Zumtobel Lighting Saudi Arabia
Osram/Ledvance
Al Fanar Company Ltd
Zubair Electric Group/ Spectra Lighting & Power Solutions LLC
Cinmar Lighting Systems
Huda Lighting
Al AbdulKarim Trading Company
For More Information On The Research Report, Refer To Below Link:
Saudi Arabia LED Lighting Market
India LED Lighting Market Outlook to 2019 – Next Wave of Growth Driven by Government Initiatives
Contact Us:-
Ken Research
Ankur Gupta, Head Marketing & Communications
+91-9015378249
