Saudi Arabia LED Light market reached a value of about SAR 3890.43 million in 2021. The industry is projected to grow at a CAGR of around 17.5% in the forecast period of 2022-2027 to reach a value of about SAR 10238.22 million by 2027.
Saudi Arabia LED Light industry report gives a comprehensive analysis of the industry, including key segments, trends, drivers, restraints, the competitive landscape, and other essential market aspects. The growing popularity of LEDs due to their various advantages is driving the market's growth. Riyadh, Jeddah, Mecca, Medina, Sultanah, and Dammam is the highest category spender by region that is driving the demand for the LED Light industry.
A semiconductor light source called a light-emitting diode (LED) produces Light when the current passes through it. These lights come in various colours. They are made from the four primary semiconductor materials AlGaInP (Aluminum gallium indium phosphide), GaP (Gallium phosphide), InGaN (Indium gallium nitride), and AlGaAs (AlGaAs). It may be used for various things, including mobile phones and enormous billboards for advertising. The LED Light industry report comprises segments by Type (Panel Lights, Down Lights, Flood Lights, Street Lights, Tube Lights, Bulbs), Application (Residential, Commercial, Industrial, Others), Sector (Private, Public), and Region (Riyadh, Jeddah, Mecca, Medina, Sultanah and Dammam).
Riyadh, Jeddah, Mecca, Medina, Sultanah, and Dammam hold a significant share in the industry as Companies in the region have been adopting and putting into practice energy-efficient measures to encourage sustainability in the nation. In addition, the number of innovative city projects nationwide has also greatly expanded due to an increase in urbanisation rates.
The industry is driven by rapid industrialisation and substantial public and private infrastructure expenditures paired with government initiatives to promote LED adoption. The growing shift towards smart homes and the introduction of innovative city initiatives will likely further the industry's expansion. In addition, the rising employment of light-emitting diodes (LEDs) due to their customisable advantages, energy efficiency, and decreasing costs, as well as the growing trend of implementing other mega projects, is likely to impact the market positively. Also, the Saudi Arabian government has embraced international energy efficiency standards and raised duties on imports of compact fluorescent and incandescent lighting to encourage LED lighting, which is likely to propel the market.
Saudi Arabia LED Light industry report by Procurement Resource gives an in-depth analysis of the best buying practices followed by central Saudi Arabia LED Light regions across the globe, such as engagement models, contract terms, and buyer and supplier negotiation levers, among others.
Moving electrons cause the release of photons. Energy is released when an electron transitions from a higher to a lower orbital. A photon is a form in which this energy is discharged. Free electrons can fall into open holes in the P-type layer as they cross a diode. The electrons emit energy in the state of photons due to a drop from the conduction band to a lower orbital. Any diode will experience this, but unless the diode is made of a specific substance, you won't be able to see the photons.
The industry is aided by the growing focus on energy conservation and lowering wasteful lighting. Critical factors like the use of LEDs, decreased illumination package prices, and technological developments, including dynamic lighting, tunable white Light, and wireless control systems, are providing the industry with a significant thrust. Other developments like interior lighting automation, "Li-fi," and lighting as a service, along with testing remote monitoring, integrated lighting solutions, and management systems for street lighting, further assist the market growth.
The regional markets for the industry can be divided into Riyadh, Jeddah, Mecca, Medina, Sultanah, and Dammam.
The market key players are announcing new product releases in recent years.
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6.1 Saudi Arabia
7 Industry Opportunities and Challenges
8 GCC LED Light Market Analysis
8.1 Key Industry Highlights
8.2 GCC LED Light Historical Market (2017-2021)
8.3 GCC LED Light Market Forecast (2022-2027)
8.4 GCC LED Light Market by Country
8.4.1 Market Share
188.8.131.52 Saudi Arabia
9 Saudi Arabia LED Light Market Analysis
9.1 Key Industry Highlights
9.2 Saudi Arabia LED Light Historical Market (2017-2021)
9.3 Saudi Arabia LED Light Market Forecast (2022-2027)
9.4 Saudi Arabia LED Light Market by Type
9.4.1 Panel Lights
184.108.40.206 Market Share
220.127.116.11 Historical Trend (2017-2021)
18.104.22.168 Forecast Trend (2022-2027)
9.4.2 Down Lights
22.214.171.124 Market Share
126.96.36.199 Historical Trend (2017-2021)
188.8.131.52 Forecast Trend (2022-2027)
9.4.3 Flood Lights
184.108.40.206 Market Share
220.127.116.11 Historical Trend (2017-2021)
18.104.22.168 Forecast Trend (2022-2027)
9.4.4 Street Lights
22.214.171.124 Market Share
126.96.36.199 Historical Trend (2017-2021)
188.8.131.52 Forecast Trend (2022-2027)
9.4.5 Tube Lights
184.108.40.206 Market Share
220.127.116.11 Historical Trend (2017-2021)
18.104.22.168 Forecast Trend (2022-2027)
22.214.171.124 Market Share
126.96.36.199 Historical Trend (2017-2021)
188.8.131.52 Forecast Trend (2022-2027)
9.5 Saudi Arabia LED Light Market by Application
184.108.40.206 Market Share
220.127.116.11 Historical Trend (2017-2021)
18.104.22.168 Forecast Trend (2022-2027)
22.214.171.124 Market Share
126.96.36.199 Historical Trend (2017-2021)
188.8.131.52 Forecast Trend (2022-2027)
184.108.40.206 Market Share
220.127.116.11 Historical Trend (2017-2021)
18.104.22.168 Forecast Trend (2022-2027)
9.6 Saudi Arabia LED Light Market by Sector
22.214.171.124 Market Share
126.96.36.199 Historical Trend (2017-2021)
188.8.131.52 Forecast Trend (2022-2027)
184.108.40.206 Market Share
220.127.116.11 Historical Trend (2017-2021)
18.104.22.168 Forecast Trend (2022-2027)
10 Comparative Analysis of CFL and LED
11 Market Dynamics
11.1 SWOT Analysis
11.2 Porter’s Five Forces Analysis
11.2.1 Supplier’s Power
11.2.2 Buyer’s Power
11.2.3 Threat of New Entrants
11.2.4 Degree of Rivalry
11.2.5 Threat of Substitutes
11.3 Key Indicators for Demand
11.4 Key Indicators for Price
12 Value Chain Analysis
13 Competitive Landscape
13.1 Market Structure
13.2 Company Profiles
13.2.1 Alnasser Group
22.214.171.124 Company Overview
126.96.36.199 Product Portfolio
188.8.131.52 Demographic Reach and Achievements
13.2.2 Saudi Led Light Co,
184.108.40.206 Company Overview
220.127.116.11 Product Portfolio
18.104.22.168 Demographic Reach and Achievements
13.2.3 NATIONAL LIGHTING CORP.
22.214.171.124 Company Overview
126.96.36.199 Product Portfolio
188.8.131.52 Demographic Reach and Achievements
13.2.4 TECHNO LED LIGHTS
184.108.40.206 Company Overview
220.127.116.11 Product Portfolio
18.104.22.168 Demographic Reach and Achievements
13.2.5 Inara Lighting Company
22.214.171.124 Company Overview
126.96.36.199 Product Portfolio
188.8.131.52 Demographic Reach and Achievements
13.2.6 Nardeen Lighting Co. Ltd.
184.108.40.206 Company Overview
220.127.116.11 Product Portfolio
18.104.22.168 Demographic Reach and Achievements
13.2.7 Huda Lighting
22.214.171.124 Company Overview
126.96.36.199 Product Portfolio
188.8.131.52 Demographic Reach and Achievements
13.2.8 Philips SLC
184.108.40.206 Company Overview
220.127.116.11 Product Portfolio
18.104.22.168 Demographic Reach and Achievements
14 Industry Events and Developments
Additional Customisations Available
1 Manufacturing Process
1.2 Detailed Process Flow
1.3 Operation Involved
2 Project Requirement and Cost Analysis
2.1 Land, Location and Site Development
2.3 Plant Machinery
2.4 Cost of Raw Material
2.9 Other Capital Investment
Saudi Arabia’s LED Light market size was valued at SAR 3890.43 million in 2021.
In the forecast period of 2022-2027, the market is projected to grow at a CAGR of 17.5%.
The significant demand for LED to save energy is one of the essential drivers of the LED Light market growth.
Al Nasser Group, Saudi LED Light, National Lighting Company, TECHNO LED LIGHTS, Inara Company Limited, Nardeen Lighting Company LLC, Huda Lighting, and Philips Saudi Lighting Company are some of the major companies in the market.
The Riyadh, Jeddah, Mecca, Medina, Sultanah, and Dammam region of the LED Light industry holds a significant share in the market.
Saudi Arabia LED Light market attained a value of SAR 3890.43 million in 2021, driven by rapid industrialisation and substantial public and private infrastructure expenditures paired with government initiatives to promote LED adoption. Aided by the growing focus on energy conservation and lowering wasteful lighting, the market is expected to witness further growth in the forecast period of 2022-2027, growing at a CAGR of 17.5%. The market is projected to reach SAR 10238.22 million by 2027. Some of the leading players in the industry are Al Nasser Group, Saudi LED Light, National Lighting Company, TECHNO LED LIGHTS, Inara Company Limited, Nardeen Lighting Company LLC, Huda Lighting, and Philips Saudi Lighting Company.
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