Saudi Arabia LED Lighting Market By Type (LED Bulbs & Lamps, Batten Lights, Downlights, Others), By End Use Sector (Commercial, Residential, Industrial), By Application (Outdoor Lighting, Indoor Lighting), By Region, Competition Forecast & Opportunities, 2018-2028
Published Date: November - 2024 | Publisher: MIR | No of Pages: 320 | Industry: ICT | Format: Report available in PDF / Excel Format
View Details Buy Now 2890 Download Sample Ask for Discount Request CustomizationSaudi Arabia LED Lighting Market By Type (LED Bulbs & Lamps, Batten Lights, Downlights, Others), By End Use Sector (Commercial, Residential, Industrial), By Application (Outdoor Lighting, Indoor Lighting), By Region, Competition Forecast & Opportunities, 2018-2028
The demand for LED lighting is predicted to significantly increase in Saudi Arabia over the course of the forecast period due to government initiatives such as Vision 2030, greater adoption in metro areas due to increased awareness, and higher socio-economic progress. Rural areas have also contributed to an increase in demand based on requests from the street lighting and industrial lighting domains.
A semiconductor called an LED, or light-emitting diode, generates light when an electric current passes through it. Since LEDs offer several advantages over conventional lighting, such as long-lasting capability, rapid response time, fast switching capabilities, and low wattage requirements, LEDs are used in a variety of applications, including alarm and security systems, optical communication, robotics, remotely operated operations, etc.
Increasing Demand for Smart Lighting
The LED lighting market in Saudi Arabia has grown over the past decade, owing to several benefits over the older technology. Decreasing LED bulb prices along with favourable government initiatives will drive the Saudi Arabia LED Lighting Market until 2030. Moreover, increasing adoption of LED lighting is being witnessed across residential and commercial sectors, government projects, and upcoming smart building projects, etc.
The LED lighting industry in Saudi Arabia is being driven by the demand for a connected and smart lifestyle. Many of the technologies still being developed for the LED lighting sector are untapped. The LED lighting market will therefore continue to develop during the forecasted period. Additionally, internet of things (IoT) is the upcoming technology that will allow multiple objects to be connected to one another because lighting has evolved into a form of data. Technologies based on visible light communication include Li-Fi, which is essentially Wi-Fi but with light, and indoor positioning, which tracks people's positions when using luminaires.
Therefore, with the growing demand for smart lighting, the Saudi Arabia LED Lighting is also expected to grow during the forecast period.
Increasing Demand for Smart Homes
The market for lighting in Saudi Arabia is expanding significantly as a result of the quick uptake of smart home technologies such as energy management systems, security, and access control, as well as systems for controlling access to and from homes. Due to the government's encouraging activities and the huge customer interest in lowering energy usage, smart houses are becoming more and more common in Saudi Arabia. This development can be attributed to how much smart homes have advanced in industrialised nations. The government intends to swiftly accelerate the adoption of smart lighting and smart homes, which will help the nation's lighting industry even more.
Integration of Voice Control Features and Adoption of Smart Lighting Systems
Voice-activated products, such as Amazon’s voice-controlled Echo speaker and Apple’s upcoming HomeKit software, facilitate voice interactions with smart home devices. For instance, Apple’s upcoming HomeKit enables consumers to control devices, such as locks and lights. Additionally, Saudi Arabia ambitions to rapidly increase the adoption of smart homes, which is further supporting the trend of voice control features in lighting systems, and thus, leading to significant growth in the market for lighting in Saudi Arabia.
Increasing Demand for Sustainability
The ever-growing adoption of LED lights in residential and commercial properties, with proper care and maintenance, LED lights such as LED tri proof lights can experience and exceptionally long operating life. In properly designed luminaire, LEDs can be expected to operate for more than 100,000 hours. Certain factors will determine the complete lifecycle of an LED light source such as desired lumens output, fixture designs, junction temperature and ambient operating temperature. The extended operating life of LED bulbs means commercial buildings can increase the usable space throughout their building design. With LED lights having a longer life cycle than previous light sources, commercial buildings are not required to extensively stock spare bulbs or accommodate maintenance for light fixtures.
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Market Segments
Saudi Arabia LED Lighting Market is segmented into by type, by application, by end user sector, and by region. Based on type, the market is segmented into LED Bulbs & Lamps, Batten Light, Downlights, Spotlights, and Others. Based on Application, the market is segmented into Outdoor Lighting, Indoor Lighting. Based on end user sector, the market is segmented into Commercial, Residential, Industrial.
Market Players
Saudi Arabia LED Lighting Market players include Al Nasser Group, LEDVANCE GmbH, Alfanar Group, NVC International Holdings Limited, OPPLE Lighting Co. Ltd., CINMAR Lighting Systems, Huda Lighting, Al AbdulKarim Holding, Zumtobel Group AG, and Signify N.V.
| Attribute | Details |
| Base Year | 2022 |
| Historic Data | 2018 – 2022 |
| Estimated Year | 2023 |
| Forecast Period | 2024 – 2028 |
| Quantitative Units | Revenue in USD Million and CAGR for 2018-2022 and 2023-2028 |
| Report coverage | Revenue forecast, company share, growth factors, and trends |
| Segments covered | By Type By Application By End User Sector By Region |
| Regional Scope | Central, Western, Eastern, Southern, Northern |
| Key companies profiled | Al Nasser Group, LEDVANCE GmbH, Alfanar Group, NVC International Holdings Limited, OPPLE Lighting Co. Ltd., CINMAR Lighting Systems, Huda Lighting, Al AbdulKarim Holding, Zumtobel Group AG, Signify N.V. |
| Customization scope | 10% free report customization with purchase. Addition or alteration to country, regional & segment scope. |
| Pricing and purchase options | Avail customized purchase options to meet your exact research needs. Explore purchase options |
| Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
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