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)” covers the market
size in the terms of revenue generated from the sales of LED lighting products and
segmentations By type of LEDs (Lumniaries and Lamps), By Usage (Indoor and
Outdoor), By Sector (Commercial, Residential, Industrial, Healthcare,
Hospitality and others), By Region (Central, Eastern, Western and North &
South), By Type of Sales (Project and
Retail) and provides a comprehensive analysis of market including market
evolution, overview and genesis. Extensive focus has been placed in quantifying
the industry revenue over the period, 2013-2023. The report covers aspects such
as trade scenario, cost analysis, decision making process, trends and
developments, issues and challenges, SWOT analysis, recent technologies,
manufacturing clusters, government initiatives. Competitive landscape of major
players such as Philips Saudi Lighting Company, Al Nasser Group, National
Lighting Company, Cooper Lighting (Eaton), Zumtobel Lighting Saudi Arabia,
Osram/Ledvance, Al Fanar Company Ltd have been extensively covered including
company overview, major business strategies, USP, recent developments, major
projects and other parameters. The report also covers future industry analysis
(by revenue and upcoming technologies in Saudi Arabia LED lighting). This
report will particularly help the readers to identify the ongoing trends in the
industry, government regulations and anticipated growth in the future depending
upon changing industry dynamics in upcoming years.
Saudi Arabia LED Lighting Market Summary
Market Overview: Saudi Arabia LED
Lighting market is a flourishing space currently in growth stage. The increase
in the number of residential establishments and growth in commercial projects focusing
on green lighting has created high demand for the usage of LED lighting products.
Electricity supply crisis especially during the summer season and reduction in
subsidies on electricity prices increased the need for energy efficient
lighting sources. Government has announced plans for the development of
infrastructure and transportation with major projects such as development of
Makkah and Riyadh Metro systems, expansion of King Abdulaziz International
Airport, development of international tourist destinations in Red Sea Islands,
entertainment city in Al Qidya. These provide a positive outlook for the lighting
market. The increase in the expenditure
by government for replacement of traditional lighting sources with the LED
lighting fixtures especially in the street lighting is another growth driver
for the market. The Saudi Arabia LED lighting market registered a CAGR of close
to 18% from 2013-2018.
By Type of LED (Lamps and Luminaires)
LED luminaires
dominates the sales of LED lighting products in the market. Luminaires are
preferred in the commercial and industrial sector as compared to lamps hence,
constitutes for higher sales share. Lamps are popularly used in the residential
sector.
By Usage (Indoor and Outdoor)
The LED lighting products are used for indoor and outdoor
lighting. Indoor application of LED lights is prevalent in the premises of
Residential, Commercial and Hospitality industry. The outdoor application of
LED lights is common for the Building Exterior, Façade lighting, Street
Lighting and Parking Lots and Garages lighting purposes. The market is
dominated by the usage of LED lighting for the indoor lighting purposes.
By Sector (Commercial,
Residential, Industrial, Healthcare, Hospitality and other sector)
The LED lighting is used in the Commercial, Residential, Industrial,
Healthcare, Hospitality and other sector. Other sector includes Government
Buildings, Airports, Public Spots, and Educational Institutions. Commercial
sector dominated the market in terms of demand, followed by the residential
sector, industrial sector, healthcare sector and hospitality sector
respectively.
By Region (Central,
East, West, North & South)
The central region has the highest demand for LED lighting
products as most of the developed areas of Saudi including Riyadh wherein major
commercial & financial set-ups are present. Riyadh is also a manufacturing
hub for lighting companies present in the region. It is followed by Eastern,
Western and North & South region respectively.
The sales of LED lighting products are
grouped in two types namely, Project Sales and Retail Sales. The project sales
consist of sales in huge volumes to the commercial, government, residential and
industrial sector. Project sales are high in the region due to the large number
of construction and development projects being undertaken in Saudi Arabia. The
retail sales are mostly happening in the residential and hospitality sector.
Competitive
Landscape
The competition in Saudi Arabia LED lighting market is highly
concentrated with approximately 50 companies including domestic and
international. The market is import driven with handful of manufacturing plants
based in the country. The market requires huge investments in the R&D,
product development, marketing and promotion. The major competing parameters
for the players are diverse product portfolio, brand name, pricing, the energy
efficiency, the product life output and others.
The top five major players present in the
market are Philips Saudi Lighting Company, Al Nasser Group, National Lighting
Company, Cooper Lighting (Eaton) and Zumtobel
Lighting Saudi Arabia.
Saudi Arabia LED Lighting Market Future
Outlook
It is estimated that the Saudi Arabia LED
lighting market has been anticipated to grow registering a CAGR of close to 9% during
2018-2023. The growth rate is expected to slow down initially due to the expected
changes in lighting regulations in the Kingdom however, it will pick up with
growth in the construction industry. The Deputy Crown Prince Mohammad bin
Salman Al Saud’s Kingdom’s Vision 2030 plan for development of new
municipalities and construction of smart cities will drive the growth of the
market for LED lighting products.
Key Segments Covered in Saudi Arabia LED Lighting Market
By Type of LEDs (On the Basis of Revenue)
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
Key Topics Covered in the Reports:-
Overview and Genesis For the Saudi Arabia LED Lighting Market
Cross-Comparison of Saudi Arabia LED lighting Market with
other Middle East nations
Saudi Arabia LED Lighting Market Value Chain Analysis
Major Entities Involved in Value Chain and their Strategies
Saudi Arabia LED Lighting Market Size, 2013-2018, By Sales
Value
Saudi Arabia LED Lighting Market Segmentation, By Type of
LEDs
Saudi Arabia LED Lighting Market Segmentation, By Usage
Saudi Arabia LED Lighting Market Segmentation, By Sector
Saudi Arabia LED Lighting Market Segmentation, By Region
Saudi Arabia LED Lighting Market Segmentation, By Sales
Cost Analysis/ Cost Component for LED Lighting in the Saudi
Arabia Market
Decision Making Process Before Purchasing LED Lighting in
the Saudi Arabia Market
Trends and Developments in the Saudi Arabia LED Lighting
Market
Issues and Challenges in Saudi Arabia LED Lighting Market
SWOT Analysis for the Saudi Arabia LED Lighting Market
Recent Technologies in Saudi Arabia LED Lighting Market
Manufacturing Clusters for LED and Component Manufacturers in
the Saudi Arabia
Government Initiatives and Regulations in the Saudi Arabia
LED Lighting Market
Market shares of major players in Saudi Arabia Lighting
Market
Competitive Scenario in Saudi Arabia LED Lighting Market
Competitive Landscape of Major Players in Saudi Arabia LED
Lighting Market
Saudi Arabia LED Lighting Market Future Outlook and Projections,
By Revenues, 2019-2023
Saudi Arabia LED Lighting Market Future Outlook and
Projections, By upcoming Technologies in the Lighting Market
Analyst Recommendations
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