Product Code: ETC005159 | Publication Date: Jul 2023 | Updated Date: Feb 2025 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 | |
The Saudi Arabia LED Professional Lighting Market is expected to grow at a CAGR of 7.7% during the forecast period (2025-2031). The growth of the market is attributed to various factors, such as rising demand for energy efficient lighting solutions in industrial and commercial projects and growing implementation of stringent environmental regulations. Additionally, increasing government initiatives along with technological advancements are also driving the growth of this market. However, high initial cost associated with LED professional lighting fixtures may hamper the growth rate during the forecast period.
The adoption of energy efficient lighting solutions has grown significantly over recent years due to rising consumer awareness about greenhouse gas emissions. Furthermore, governments in various countries have implemented strict energy efficiency standards that regulate electricity consumption levels by encouraging manufacturers to move towards more sustainable sources such as LEDs or CFLs. This has led to an increased demand for LED professional lighting products across multiple sectors including residential buildings, public areas, hospitality sector and others which will further support the market growth in upcoming years. Government bodies around the world have imposed numerous regulations on manufacturers in order reduce their carbon footprint and mitigate climate change effects through reducing air pollutants released from burning fossil fuels during production process. These regulations encourage companies shift their focus towards development environment friendly alternatives like LEDs which contain no mercury or lead content making them ideal choice for many applications thus propelling market expansion over coming years.
Despite wide ranging advantages offered by LEDs relative its counterparts there remains one major drawback hindering wider acceptance among users- High Initial Cost . It costs considerably more compared traditional lamps owing mainly expensive components used its manufacture , risks involved designing & manufacturing complex devices as well inability economies scale production leading increase final price tag factor which adversely affect overall uptake these products negatively impacting industry outlook future.
The Covid-19 pandemic has had an enormous impact on the Saudi Arabia LED professional lighting market due to restrictions imposed on manufacturing operations and supply chain disruptions resulting from lockdowns across countries globally. However, increased investment in infrastructure projects such as hospitals and smart cities provides immense opportunities for vendors operating in this space.
Some key players operating in this market are Philips Lighting Holding BV; OSRAM Licht AG; Cree Inc.; Dialight Plc; Zumtobel Group AG; Acuity Brands Inc.; Hubbell Lighting Inc.; GE Lighting Solutions LLC (General Electric Company); Digital Lumens, LLC (Acuity Brands); Eaton Corporation Plc., among others.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Saudi Arabia LED Professional Lighting Market Overview |
3.1 Saudi Arabia Country Macro Economic Indicators |
3.2 Saudi Arabia LED Professional Lighting Market Revenues & Volume, 2021 & 2031F |
3.3 Saudi Arabia LED Professional Lighting Market - Industry Life Cycle |
3.4 Saudi Arabia LED Professional Lighting Market - Porter's Five Forces |
3.5 Saudi Arabia LED Professional Lighting Market Revenues & Volume Share, By Product Type, 2021 & 2031F |
3.6 Saudi Arabia LED Professional Lighting Market Revenues & Volume Share, By Applications, 2021 & 2031F |
4 Saudi Arabia LED Professional Lighting Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Saudi Arabia LED Professional Lighting Market Trends |
6 Saudi Arabia LED Professional Lighting Market, By Types |
6.1 Saudi Arabia LED Professional Lighting Market, By Product Type |
6.1.1 Overview and Analysis |
6.1.2 Saudi Arabia LED Professional Lighting Market Revenues & Volume, By Product Type, 2021-2031F |
6.1.3 Saudi Arabia LED Professional Lighting Market Revenues & Volume, By LED Bulbs, 2021-2031F |
6.1.4 Saudi Arabia LED Professional Lighting Market Revenues & Volume, By LED Fixtures, 2021-2031F |
6.1.5 Saudi Arabia LED Professional Lighting Market Revenues & Volume, By Bare LED Tubes, 2021-2031F |
6.1.6 Saudi Arabia LED Professional Lighting Market Revenues & Volume, By LED Down lights, 2021-2031F |
6.2 Saudi Arabia LED Professional Lighting Market, By Applications |
6.2.1 Overview and Analysis |
6.2.2 Saudi Arabia LED Professional Lighting Market Revenues & Volume, By Indoor, 2021-2031F |
6.2.3 Saudi Arabia LED Professional Lighting Market Revenues & Volume, By Outdoor, 2021-2031F |
6.2.4 Saudi Arabia LED Professional Lighting Market Revenues & Volume, By Automotive, 2021-2031F |
6.2.5 Saudi Arabia LED Professional Lighting Market Revenues & Volume, By Backlighting, 2021-2031F |
7 Saudi Arabia LED Professional Lighting Market Import-Export Trade Statistics |
7.1 Saudi Arabia LED Professional Lighting Market Export to Major Countries |
7.2 Saudi Arabia LED Professional Lighting Market Imports from Major Countries |
8 Saudi Arabia LED Professional Lighting Market Key Performance Indicators |
9 Saudi Arabia LED Professional Lighting Market - Opportunity Assessment |
9.1 Saudi Arabia LED Professional Lighting Market Opportunity Assessment, By Product Type, 2021 & 2031F |
9.2 Saudi Arabia LED Professional Lighting Market Opportunity Assessment, By Applications, 2021 & 2031F |
10 Saudi Arabia LED Professional Lighting Market - Competitive Landscape |
10.1 Saudi Arabia LED Professional Lighting Market Revenue Share, By Companies, 2024 |
10.2 Saudi Arabia LED Professional Lighting Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |