KSA LED lighting products Demand will be Driven by Upcoming New Residential Projects, Rising Awareness & Change in Customer Perception, Development of Retail Channel and Government Initiatives to Enhance Green Lighting Practices: Ken Research

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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)” suggests that the growth in construction space and the government initiatives to reduce the electricity consumption by slashing the subsidies on electricity prices and installing LED lighting in the public spaces is boosting the market. The market is further expected to grow registering a CAGR close to 18% in terms of revenue during the year 2018-2023.

Saudi Arabia LED Lighting Market Research Report

Development of construction industry, evolution of infrastructure, increase in demand for energy efficient lighting solutions and introduction of new products by the lighting companies have been the key factors driving growth in Saudi Arabia LED Lighting Market.

Saudi Arabia LED lighting market is concentrated with approximately 50 players present in the market in 2018. The market is import driven majorly being done from various European countries, China and USA. The market is highly correlated with the construction industry and development of large scale infrastructure projects in the country has facilitated the demand for the LED lighting products. The problems in erratic power supply and reduction in the subsidies on electricity prices have been key reasons for development of market. The successful penetration of LED lighting in the commercial sector and introduction of new products by the companies has helped in building the market. Government has also increased expenditure on upgrading the present lighting system in the country with new energy efficient LED lighting fixtures. The channel used by the companies consists of wholesaler, distributors and lighting showrooms and others where others include channels such as direct sales and small retailers. Project sales dominate the sales of LED lighting products in the country. Commercial sector is the biggest end user sector of the LED lighting products in the region.

Saudi Arabia lighting market has presence of wide variety of lighting technologies such as CFL, incandescent lamps, sodium bulbs, halogen lamps, ceramic metal halide, high pressure sodium and other lighting technologies. The market has presence of both big international companies such as Philips, Zumtobel, Cooper Lighting (Eaton) and domestic companies such as Al Nasser Group and National Lighting companies. The market has witnessed consolidation in the past such as Royale Philips acquiring 51% stakes in General Lighting Company and forming Philips Saudi Lighting Company in 2014. Market players face fierce competition from the importers of LED lighting products from China and European countries which are supplying product at low costs.

Keywords

Saudi Arabia LED Lighting Market

KSA LED Lamps Market

Saudi Arabia LED Luminaires Market

Downlight Sales Saudi Arabia

Linear Lights Sales KSA

Flood Lights Revenue Saudi Arabia

High Bay Luminaires Revenue KSA

Riyadh Sales LED Lights

Jeddah LED Lamps Sales

LED Tubes Sales KSA

Saudi Arabia LED Street Lighting Market

Indoor LED Light Sales KSA

LED Outdoor Revenue KSA

LED Parking Lot Revenue Saudi Arabia

Residential LED Light Sales Saudi Arabia

Commercial LED Tubes Market KSA

Project Sales LED Saudi Arabia

Retail Sales LED Lighting Saudi Arabia

LED Lights Imports Saudi Arabia

Domestic OEMs LED Lights Saudi Arabia

International OEMs LED Lights Saudi Arabia

Competition LED Lights KSA

Philips Saudi Arabia Sales

LED Lighting Retail Chains Saudi Arabia

Al Naseer LED Lamps Saudi Arabia

Cost Component LED Lamps Saudi Arabia

National Lighting Company Market share Saudi ArabiaKey Segments Covered

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

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

Saudi Arabia LED Lighting Market

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Contact Us:-

Ken Research

Ankur Gupta, Head Marketing & Communications

sales@kenresearch.com

+91-9015378249

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