Press Release

LED light bulbs are expected to dominate Saudi Arabia LED Lighting Market until 2028

Increasing demand for sustainability and rising demand for smart lighting are expected to augment the growth of Saudi Arabia LED Lighting Market during the forecast period of 2024-2028.

According to TechSci Research report, “Saudi Arabia LED Lighting Market – By Region, Competition Forecast & Opportunities, 2018–2028”, Saudi Arabia LED Lighting Market is anticipated to register a robust growth during the forecast period, 2024-2028 due to the increasing priority given to environmental sustainability. Energy conservation has always been one of the most important implementations goals and employing LED lighting greatly boosts energy savings.

Moreover, the various government policies aimed at constructing notable infrastructure would result in the construction of new smart cities in Saudi Arabia, which, in turn, is expected to boost the demand for LED lighting during the forecast period. For instance, under Saudi Arabia Megaproject Vision 2030, the Saudi Arabian government is building smart lighting networks for various municipalities, including the Makkah and Riyadh Metro systems, as well as the expansion of the King Abdulaziz International Airport in the coming years. The transition is being driven by the increasing focus on energy conservation and the need to reduce unnecessary electricity consumption.

Furthermore, the industry growth is being fueled by the increasing LED penetration, lower illumination kit costs, and technological developments such as dynamic lighting, customizable white light, and wireless control systems. Additionally, street lighting control schemes, as well as intelligent street lighting and integrated lighting technologies that use remote tracking, are being tested. In addition, increased use of the Internet of Things, indoor lighting automation, "Li-fi," and Lighting-as-a-Service are expected to propel the Saudi Arabia lighting industry in the coming years.

Additionally, the Saudi Arabia LED lighting market is expected to expand over the long run as consumers' demand for energy-efficient products, connected lifestyles, and smart homes grows. Customers who are remodeling their homes are also showing an increased interest in smart lighting options that provide convenience and better aesthetics. As a result, while upgrading their houses, buyers will have a lot more options for smart LED lighting.

Browse over XX market data Figures spread through XX Pages and an in-depth TOC on "Saudi Arabia LED Lighting Market

Saudi Arabia LED Lighting Market is segmented based on type, application, end user sector, and region.

Based on Type, the LED light bulbs and lamps are expected to be dominant in the Saudi Arabia LED Lighting Market due to the rising use of LED light bulbs and lights in the residential sector. LED light bulbs and lamps offer benefits like increased energy efficiency and excellent stability in contrast to substitute options like incandescent lights and CFLs. They come in a wide range of forms as well. Another factor that is projected to support the expansion of the target market is the government's policy for raising consumer knowledge of LEDs and their potential to help reduce/manage energy usage.

Based on End User Sector, Residential is expected to dominate the Saudi Arabia LED Lighting Market because as the government continues to support the private sector, Saudi Arabia has had reasonably good consumer income growth over the past ten years. Consumer expenditure in Saudi Arabia is expected to rise from $66,895.9 million in 2015 to USD 80,120.5 million in 2020, according to the Saudi Arabian Monetary Agency. Spending on luxuries like high-tech home lighting is anticipated to be driven by the economy's sustained expansion.

Major market players operating in the Saudi Arabia LED Lighting Market are:

  • Al Nasser Group
  • Alfanar Group
  • NVC International Holdings Limited
  • OPPLE Lighting Co. Ltd.
  • CINMAR Lighting Systems
  • Huda Lighting
  • Al AbdulKarim Holding
  • Zumtobel Group AG
  • Signify N.V.

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“Saudi Arabia has a massive potential opportunity for the adoption of LED lighting solutions over the next five to ten years. Saudi Arabia, being one of the emerging nations in lighting markets, provides a profitable opportunity for LED manufacturers to establish operations in the area. A sustainable environment for the LED sector is created by skilled labor, ease of doing business, and demographic advantages. Additionally, increased infrastructure expenditures, fast expansion of street lighting systems, drop in the average price of LEDs, and different government and forthcoming smart building initiatives are likely to fuel LED light demand in Saudi Arabia.”, said Mr. Karan Chechi, Research Director with TechSci Research, a research-based Saudi Arabia management consulting firm.

Saudi Arabia LED Lighting Market Segmented By Type (LED Bulbs & Lamps, Batten Lights, Downlights, etc.), By End Use Sector (Commercial, Residential, etc.), By Application (Outdoor Lighting, Indoor Lighting, etc.), By Region, Competition Forecast & Opportunities, 2018-20282”,
has evaluated the future growth potential of Saudi Arabia LED Lighting Market and provides statistics & information on market size, structure, and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in Saudi Arabia LED Lighting Market.


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Relevant Reports

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

ICT | Feb, 2023

Increasing demand for smart lighting and favorable government regulation for energy efficiency, are likely to propel the Saudi Arabia LED Lighting Market in the forecast period 2024- 2028.

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