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:
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Reports
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Ankur Gupta, Head Marketing & Communications
+91-9015378249
