Saudi Arabia LED Lighting Market (2023-2029) | Growth, Size, Share, Analysis, Companies, Value, Revenue, Industry, Trends, COVID-19 IMPACT & Forecast

Major players in the Saudi Arabia LED Lighting Market

There are several major players operating in the Saudi Arabia LED Lighting Industry. One of the prominent companies is Philips Lighting, known for its extensive range of LED lighting solutions for residential, commercial, and industrial applications. They have established a strong presence in the Saudi market through partnerships and distribution networks. Another key player is Osram, a global lighting technology leader offering high-quality LED lighting products and solutions. Osram's commitment to energy efficiency aligns with Saudi Arabia's sustainability goals, making it a significant contributor to the LED lighting market. Cree, Inc. is also a notable player, recognized for its cutting-edge LED technology and products. Their focus on providing energy-efficient and high-performance lighting solutions has gained them a substantial market share in Saudi Arabia. Local players like Saudi Lighting Company (SLC) have a substantial presence, contributing to the market's growth by manufacturing LED lighting fixtures locally.

Initiatives of the government in Saudi Arabia LED Lighting Market

The Saudi Arabia government has taken various measures to promote the conservation of energy and has initiated various programs to reduce electricity consumption. LED lighting, known for its superior energy efficiency compared to traditional options like incandescent and fluorescent bulbs, has witnessed a rising demand across residential, commercial, and industrial sectors in the country. The government's strong emphasis on sustainable development, along with the enforcement of regulations and standards that support energy-efficient lighting solutions, has further boosted the adoption of LED lights. Additionally, the potential cost savings attributed to LED technology, including reduced electricity expenses and longer product lifespans, have played a vital role in fuelling the market growth.

Market by installation

Based on application, the market is segmented into new and retrofit. Both segments are expected to have a major share in the market and contribute to Saudi Arabia LED Lighting Market Growth on account of the increasing demand for energy-efficient lighting solutions in newly constructed residential and commercial buildings. Retrofit projects are essential for upgrading existing lighting systems in older buildings and infrastructure, further propelling market growth.

Market by Product Type

Based on product type,  both LED lamps and luminaires have a significant share of the market. LED lamps, including bulbs and tubes, are widely adopted for their energy efficiency and long lifespan, which has made them an apt choice for residential and commercial spaces. LED luminaires are preferred for outdoor and industrial applications due to their durability and versatility.

Market By sales channel

In terms of sales channels, the Retail/wholesale channels play an imperative role in serving the broader consumer and commercial markets. Direct sales channels are effective for businesses looking to customize lighting solutions for specific projects. E-commerce platforms have gained traction in the market, among consumers who are seeking convenience and a wide product selection and this factor has immensely contributed to market growth.

Market By Application

LED lighting finds applications both indoors and outdoors domains. Both segments are expected to increase Saudi Arabia LED Lighting Market Share. Indoor applications include lighting for homes, offices, and retail spaces, where energy efficiency and aesthetics are key drivers. Outdoor applications cover street lighting, architectural lighting, and industrial facilities, where LED lighting offers durability and energy savings.

Key attractiveness of the report

• COVID-19 Impact on the Market.
• 10 Years Market Numbers.
• Historical Data Starting from 2019 to 2022.
• Base Year: 2022.
• Forecast Data until 2029.
• Key Performance Indicators Impacting the Market.
• Major Upcoming Developments and Projects.

Key Highlights of the Report:

• Saudi Arabia LED Lighting Market Outlook
• Market Size of Saudi Arabia LED Lighting Market, 2022
• Forecast of Saudi Arabia LED Lighting Market, 2029
• Historical Data and Forecast of Saudi Arabia LED Lighting Revenues & Volume for the Period 2019 - 2029
• Saudi Arabia LED Lighting Market Trend Evolution
• Saudi Arabia LED Lighting Market Drivers and Challenges
• Saudi Arabia LED Lighting Price Trends
• Saudi Arabia LED Lighting Porter's Five Forces
• Saudi Arabia LED Lighting Industry Life Cycle
• Historical Data and Forecast of Saudi Arabia LED Lighting Market Revenues & Volume By Installation for the Period 2019 - 2029
• Historical Data and Forecast of Saudi Arabia LED Lighting Market Revenues & Volume By New for the Period 2019 - 2029
• Historical Data and Forecast of Saudi Arabia LED Lighting Market Revenues & Volume By Retrofit for the Period 2019 - 2029
• Historical Data and Forecast of Saudi Arabia LED Lighting Market Revenues & Volume By Product Type for the Period 2019 - 2029
• Historical Data and Forecast of Saudi Arabia LED Lighting Market Revenues & Volume By Lamps for the Period 2019 - 2029
• Historical Data and Forecast of Saudi Arabia LED Lighting Market Revenues & Volume By Luminaires for the Period 2019 - 2029
• Historical Data and Forecast of Saudi Arabia LED Lighting Market Revenues & Volume By Sales Channel for the Period 2019 - 2029
• Historical Data and Forecast of Saudi Arabia LED Lighting Market Revenues & Volume By Retail/Wholesale for the Period 2019 - 2029
• Historical Data and Forecast of Saudi Arabia LED Lighting Market Revenues & Volume By Direct Sales for the Period 2019 - 2029
• Historical Data and Forecast of Saudi Arabia LED Lighting Market Revenues & Volume By E-Commerce for the Period 2019 - 2029
• Historical Data and Forecast of Saudi Arabia LED Lighting Market Revenues & Volume By Application for the Period 2019 - 2029
• Historical Data and Forecast of Saudi Arabia LED Lighting Market Revenues & Volume By Indoor for the Period 2019 - 2029
• Historical Data and Forecast of Saudi Arabia LED Lighting Market Revenues & Volume By Outdoor for the Period 2019 - 2029
• Saudi Arabia LED Lighting Import Export Trade Statistics
• Market Opportunity Assessment By Installation
• Market Opportunity Assessment By Product Type
• Market Opportunity Assessment By Sales Channel
• Market Opportunity Assessment By Application
• Saudi Arabia LED Lighting Top Companies Market Share
• Saudi Arabia LED Lighting Competitive Benchmarking By Technical and Operational Parameters
• Saudi Arabia LED Lighting Company Profiles
• Saudi Arabia LED Lighting Key Strategic Recommendations

Market Covered

The report offers a comprehensive study of the subsequent market segments

By Installation

• New
• Retrofit

By Product Type

• Lamps
• Luminaires

By Sales Channel

• Retail/Wholesale
• Direct Sales
• E-Commerce

By Application

• Indoor
• Outdoor