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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)

Region:Middle East

Product Code:KR806

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Published On

June 2019

Total pages

136

About the Report

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)" covers the market size in the terms of revenue generated from the sales of LED lighting products and segmentations By type of LEDs (Lumniaries and Lamps), By Usage (Indoor and Outdoor), By Sector (Commercial, Residential, Industrial, Healthcare, Hospitality and others), By Region (Central, Eastern, Western and North & South), By Type of Sales (Project and Retail) and provides a comprehensive analysis of market including market evolution, overview and genesis. Extensive focus has been placed in quantifying the industry revenue over the period, 2013-2023. The report covers aspects such as trade scenario, cost analysis, decision making process, trends and developments, issues and challenges, SWOT analysis, recent technologies, manufacturing clusters, government initiatives. Competitive landscape of major players such as Philips Saudi Lighting Company, Al Nasser Group, National Lighting Company, Cooper Lighting (Eaton), Zumtobel Lighting Saudi Arabia, Osram/Ledvance, Al Fanar Company Ltd have been extensively covered including company overview, major business strategies, USP, recent developments, major projects and other parameters. The report also covers future industry analysis (by revenue and upcoming technologies in Saudi Arabia LED lighting). This report will particularly help the readers to identify the ongoing trends in the industry, government regulations and anticipated growth in the future depending upon changing industry dynamics in upcoming years.

Saudi Arabia LED Lighting Market

Saudi Arabia LED Lighting Market Summary

Market Overview: Saudi Arabia LED Lighting market is a flourishing space currently in growth stage. The increase in the number of residential establishments and growth in commercial projects focusing on green lighting has created high demand for the usage of LED lighting products. Electricity supply crisis especially during the summer season and reduction in subsidies on electricity prices increased the need for energy efficient lighting sources. Government has announced plans for the development of infrastructure and transportation with major projects such as development of Makkah and Riyadh Metro systems, expansion of King Abdulaziz International Airport, development of international tourist destinations in Red Sea Islands, entertainment city in Al Qidya. These provide a positive outlook for the lighting market. The increase in the expenditure by government for replacement of traditional lighting sources with the LED lighting fixtures especially in the street lighting is another growth driver for the market. The Saudi Arabia LED lighting market registered a CAGR of close to 18% from 2013-2018.

Market Segmentation

By Type of LED (Lamps and Luminaires): LED luminaires dominates the sales of LED lighting products in the market. Luminaires are preferred in the commercial and industrial sector as compared to lamps hence, constitutes for higher sales share. Lamps are popularly used in the residential sector.

By Usage (Indoor and Outdoor): The LED lighting products are used for indoor and outdoor lighting. Indoor application of LED lights is prevalent in the premises of Residential, Commercial and Hospitality industry. The outdoor application of LED lights is common for the Building Exterior, Façade lighting, Street Lighting and Parking Lots and Garages lighting purposes. The market is dominated by the usage of LED lighting for the indoor lighting purposes.

By Sector (Commercial, Residential, Industrial, Healthcare, Hospitality and other sector): The LED lighting is used in the Commercial, Residential, Industrial, Healthcare, Hospitality and other sector. Other sector includes Government Buildings, Airports, Public Spots, and Educational Institutions. Commercial sector dominated the market in terms of demand, followed by the residential sector, industrial sector, healthcare sector and hospitality sector respectively.

By Region (Central, East, West, North & South): The central region has the highest demand for LED lighting products as most of the developed areas of Saudi including Riyadh wherein major commercial & financial set-ups are present. Riyadh is also a manufacturing hub for lighting companies present in the region. It is followed by Eastern, Western and North & South region respectively.

By Sales (Project and Retail): The sales of LED lighting products are grouped in two types namely, Project Sales and Retail Sales. The project sales consist of sales in huge volumes to the commercial, government, residential and industrial sector. Project sales are high in the region due to the large number of construction and development projects being undertaken in Saudi Arabia. The retail sales are mostly happening in the residential and hospitality sector.

Competitive Landscape

The competition in Saudi Arabia LED lighting market is highly concentrated with approximately 50 companies including domestic and international. The market is import driven with handful of manufacturing plants based in the country. The market requires huge investments in the R&D, product development, marketing and promotion. The major competing parameters for the players are diverse product portfolio, brand name, pricing, the energy efficiency, the product life output and others. The top five major players present in the market are Philips Saudi Lighting Company, Al Nasser Group, National Lighting Company, Cooper Lighting (Eaton) and Zumtobel Lighting Saudi Arabia.

Saudi Arabia LED Lighting Market Future Outlook

It is estimated that the Saudi Arabia LED lighting market has been anticipated to grow registering a CAGR of close to 9% during 2018-2023. The growth rate is expected to slow down initially due to the expected changes in lighting regulations in the Kingdom however, it will pick up with growth in the construction industry. The Deputy Crown Prince Mohammad bin Salman Al Saud’s Kingdom’s Vision 2030 plan for development of new municipalities and construction of smart cities will drive the growth of the market for LED lighting products.

Key Topics Covered in the Reports

  • Overview and Genesis For the Saudi Arabia LED Lighting Market
  • Cross-Comparison of Saudi Arabia LED lighting Market with other Middle East nations
  • Saudi Arabia LED Lighting Market Value Chain Analysis
  • Major Entities Involved in Value Chain and their Strategies
  • Saudi Arabia LED Lighting Market Size, 2013-2018, By Sales Value
  • Saudi Arabia LED Lighting Market Segmentation, By Type of LEDs
  • Saudi Arabia LED Lighting Market Segmentation, By Usage
  • Saudi Arabia LED Lighting Market Segmentation, By Sector
  • Saudi Arabia LED Lighting Market Segmentation, By Region
  • Saudi Arabia LED Lighting Market Segmentation, By Sales
  • Cost Analysis/ Cost Component for LED Lighting in the Saudi Arabia Market
  • Decision Making Process Before Purchasing LED Lighting in the Saudi Arabia Market
  • Trends and Developments in the Saudi Arabia LED Lighting Market
  • Issues and Challenges in Saudi Arabia LED Lighting Market
  • SWOT Analysis for the Saudi Arabia LED Lighting Market
  • Recent Technologies in Saudi Arabia LED Lighting Market
  • Manufacturing Clusters for LED and Component Manufacturers in the Saudi Arabia
  • Government Initiatives and Regulations in the Saudi Arabia LED Lighting Market
  • Market shares of major players in Saudi Arabia Lighting Market
  • Competitive Scenario in Saudi Arabia LED Lighting Market
  • Competitive Landscape of Major Players in Saudi Arabia LED Lighting Market
  • Saudi Arabia LED Lighting Market Future Outlook and Projections, By Revenues, 2019-2023
  • Saudi Arabia LED Lighting Market Future Outlook and Projections, By upcoming Technologies in the Lighting Market
  • Analyst Recommendations

Products

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:

  • Historical Period- 2013-2018
  • Future Forecast- 2013-2023 

Companies

Key Segments Covered in Saudi Arabia LED Lighting Market

By Type of LEDs (On the Basis of Sales Revenue)

  • LED Luminaires
  • Downlights
  • Linear Lights
  • Flood Lights
  • High Bay
  • Other Luminaires
  • LED Lamps

By Usage of LEDs (On the Basis of Sales Revenue)

  • Indoor
  • Outdoor
  • Street Lighting
  • Building Exteriors/ Façade Lighting
  • Parking Lots and Garages
  • Others

By End User Sector (On the Basis of Sales Revenue)

  • Commercial
  • Residential
  • Industrial
  • Healthcare
  • Hospitality
  • Others

By End User Sector (On the Basis of Sales Revenue)

  • Central
  • Eastern
  • Western
  • North and South

By Type of Sales (On the Basis of Sales Revenue)
Project

  • Retail

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

Table of Contents

1. Executive Summary

1.1 Market Potential
1.2 Market Segmentation

1.3 Trends and Developments

1.4 Competitive Landscape

1.5 Future Analysis And Projections

2. Research Methodology

2.1. Market Definitions

2.2. Abbreviations

2.3. Market Size And Modeling

2.4 Approach – Market Sizing

2.5 Market Sizing – Kingdom of Saudi Arabia LED Lights Market

2.6 Variable s (Dependent and Independent)

2.7 Multi Factor Based Sensitivity Model

2.8 Regression Matrix

2.9 Limitations

2.10 Final Conclusion

3. Overview and Genesis (Genesis, Evolution, Trends and Comparison of Lighting System)

3.1 Genesis and Evolution of LED Lights in Saudi Arabia

3.2 Past and Current Trends

3.3 Comparison of Traditional and LED Lighting System

4. Saudi Arabia LED Lighting Market Value Chain Analysis Market (Role, Entities Inter-Relationship and Margin Analysis)

4.1. Major Entities Involved in Value Chain and their Strategies

5. Saudi Arabia LED Lighting Market Size by Revenue, 2013-2018

6. Saudi Arabia LED Lighting Market Segmentation, 2018

6.1. By Type of LED (Luminaires and Lamps), 2018

6.1.1. By Types of Luminaires (Downlights, Linear Lights, Flood Lights, High Bay and Other Luminaires), 2018

6.2. By Usage (Indoor and Outdoor), 2018

6.2.1. By Application in Outdoor Usage (Street Lighting, Building Exterior, Parking Lots and Garages and Others), 2018

6.3. By Sector (Commercial, Residential, Industrial, Healthcare, Hospitality, Others)

6.4. By Region (Central, Eastern, Western and North & South), 2018

6.5. By Sales (Project and Retail), 2018

7. Trade Scenario In Saudi Arabia LED Lighting Market, 2018

8. Cost Analysis/Cost Component for LED Lighting in Saudi Arabia Market

9. Customer Decision Making Process in KSA LED Lighting Market , 2018

10. Trends and Development in Saudi Arabia LED Lighting Market

10.1 Government Initiatives for green lighting

10.2 Rise in Urban Popoulation

10.3 Advancements in Technology

10.4 Growth of Construction Projects

10.5 Increase in Customer Awareness for LED Lighting

11. Issues and Challenges in Saudi Arabia LED Lighting Market

11.1 Lack of Government Policies

11.2 Competition from traditional sources of Lighting

11.3 High Initial Costs

11.4 The climatic conditions of Saudi Arabia is a challenge for Companies

11.5 Distrtibuion Network Problem For LED Street Lights

12. SWOT Analysis in Saudi Arabia LED Lighting Market

13. Manufacturing Clusters and Manufacturers of LED Lights In Saudi Arabia LED Lighting Market

14. Recent Technologies in Saudi Arabia LED Lighting Market

15. Government Initiatives and Regulations in Saudi Arabia LED Lighting Market

15.1. National Energy Efficiency Programme (NEEP)

15.2. Energy Efficiency Requirements

15.3. Regulation related to Import of Lamp and Luminaires in Saudi Arabia

15.4. Saudi Energy Efficiency Center

16. Competitive Landscape of Major Players in Saudi Arabia LED Lighting Market

16.1 competition Scenario in Saudi Arabia LED Lighting Market

17. Market Share of Major Players in Saudi Arabia LED Lighting Market (Philips Saudi Lighting Company, Al Nasser group, National Lighting Company, Cooper Lighting (Eaton), Zumtobel Saudi Arabia Lighting, Osram/Ledvance and Zubair Electric Group/ Spectra Lighting & Power Solutions LLC), 2018

18. Company Profile of Major Players in Saudi Arabia LED Lighting Market (Manufacturers and Distributor/Retailers)

18.1. Companies manufacturing LED Lighting Including Company Overview, USP, Business Strategy, Major Projects, Recent Developments, Key Personnel, Number of Employees, Manufacturing Center in Saudi Arabia, Major Distributor and Revenue and Product Portfolio

18.1.1. Philips Saudi Lighting Company
18.1.2. Al Nasser Group

18.1.3. National Lighting Company

18.1.4. Cooper Lighting (Eaton)

18.1.5. Zumtobel Lighting Saudi Arabia

18.1.6. Osram / Ledvance

18.1.7. AlFanar Company Ltd

18.2. Other Players in Saudi Arabia LED Lighting Market

18.3. Major Distributor/Retailer in Saudi Arabia Including Company Overview, Major Projects, Major Brands, Key Personnel

18.3.1. Cinmar Lighting systems (Supplier and Importer)

18.3.2. Huda Lighting

18.3.3. Al AbdulKarim Trading Company

19. Future Outlook and Projections for Saudi Arabia LED lighting Market, 2019-2023

19.1. By Revenue, 2019-2023

19.2. Upcoming Technologies in the Lighting Market

19.3. By Saudi Arabia LED Lighting Future Market Segmentation

19.3.1. By Type of LEDs (Luminaires and Lamps), 2019-2023

By Types of Luminaires (Downlights, Linear Lights, FloodLights, High Bay and Other Fixtures), 2023

19.3.2. By Usage (Indoor and Outdoor), 2019-2023

19.3.3. By Sales (Project Sales and Retail Sales), 2019-2023

20. Analyst Recommendations

21. Disclaimer

22. Contact Us

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