Mark Twain's blog : Saudi Arabia LED Lighting Market Research Report Size, share & Forecast

- The current innovation in energy efficient lighting is LED technology. LED means “Light Emitting Diode” which is a sort of semiconductor gadget that has the capacity of producing light by the entry of electric flow through it, that changes electricity into light and is inverse of photovoltaic cell which changes visible light into electric flow. LED has a great lifetime period which conserves energy and controls greenhouse gas emission and cost effective.

Saudi Arabia LED lighting market is experiencing a good growth and is driven by several factors such as government initiatives to promote energy efficiency, growing demand for smart houses, rising urbanization and the construction of smart cities. Oil and gas being the major sector for the economy, as the government is taking initiatives to expand the economy of the country by investing in various projects. In addition, as a vision 2030, government had planned to build 200 smart cities and 4000 automotive factories in Saudi Arabia. NEOM city is the key project on which the government is investing 500 million USD with some foreign investors and local businesses. Construction of NEOM city includes several tourist centers, sports and entertainment venues, ports and commercial areas and smart towns which helps in the expansion of the economy as well as increase the growth of Saudi Arabia LED lighting Market in the upcoming years.

Saudi Arabia emissions of carbon dioxide has been increased by 20 % between the year 2012-2017. To promote energy efficiency and to reduce the carbon emission the government is collaborating with various international agencies and private companies to have a positive impact on Saudi Arabia led lighting market. Due to the increase in the population and economic development the demand for electricity is expected to increase by 50% which results in the rising demand of smart lighting solutions as to reduce energy consumption by 35%.

Reduction in the subsidies and shortage of electricity is accelerating the demand for LED in Saudi Arabia, it is getting popular in the country because of its flexible designs, functions of low voltages, environment friendly and energy consuming. Certificates and lab testing of LEDs took place over certain time period, designing the LEDs are some of the challenging factors that are hampering the growth of Saudi Arabia LED lighting market.

The leading players operating in the smart lighting market include General Electric Company, Philips Lighting Saudi Arabia Company, Cooper Lighting, Al Nasser Group, Osram, Zumtobel Lighting Saudi Arabia, Alfanar, Cinmar Lighting Systems, Zubair Electric Group, Huda Lighting, and Al AbdulKarim Trading Company, among others.

Market Segmentation

Segmentation by Product Type

Luminaries
Lamps

Segmentation by Installation Type

New Installation
Retrofit Installation

Segmentation by End -Use Application

Indoor Application
- Residential
- Commercial
- Industrial
Outdoor Application
- Highways & Roadways
- Architectural
- Public Places

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