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New Delhi, June 11, 2019: 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.

Market Segmentation

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.

By Sales (Project and Retail)

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)

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

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

For More Information On The Research Report, Refer To Below Link:

Saudi Arabia LED Lighting Market

Corporate Comm India(CCI Newswire)

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