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The Saudi Arabia LED lighting market size reached SAR 2,302 Million in 2018.On account of the aforementioned factors, the LED lighting market in Saudi Arabia is to reach a value of SAR 6,392 Million by 2024 growing at a CAGR of 18.4% during 2019-2024.
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2. Report DescriptionAbout IMARC Group
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3. Report DescriptionReport Description and Highlights
Saudi Arabia LED Lights Market Overview:
As per the latest study by IMARC group titled, “Saudi Arabia LED Lights Market: Industry Trends,
Share, Size, Growth, Opportunity and Forecast 2019-2024” the Saudi Arabia led lighting market size
reached SAR 2,302 Million in 2018. A Light Emitting Diode (LED) refers to a semiconductor technology
which provides energy efficient lighting by converting electrical energy into light energy. LED lights find
extensive application in both commercial and residential sectors in the Saudi Arabian region. Longer
shelf life, low energy consumption and compact size are some of the key benefits offered by LED lights,
owing to which they are rapidly replacing traditional incandescent and fluorescent lights in the region.
Saudi Arabia LED Lights Market Trends
Escalating energy consumption in Saudi Arabia is a key factor driving the market growth. This can be
accredited to the rapidly increasing population, changing lifestyles and extreme climatic conditions in
the region, Consequently, there has been growing emphasis on incorporating energy-efficient variants
of electrical appliances to reduce carbon emissions, which is also aiding in the aim to be active
contributor to the ongoing sustainable development programs across the globe, the Government of
Saudi Arabia has undertaken initiatives such as Saudi Energy Efficiency Program to promote the
widespread adoption of LED lighting systems.
4. Report DescriptionReport Description and Highlights
120.2
125.5 130.8 136.1 141.4 146.7 152.0 157.3
0
20
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140
160
2011 2012 2013 2014 2015 2016 2017 2018
inMillionUS$
160.0 165.3 170.6 175.9 181.2 186.5
0
20
40
60
80
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120
140
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180
2019 2020 2021 2022 2023 2024
InMillionUS$
The government is also encouraging the concept of green construction involving resource-efficient
materials which include LED lighting, thus further contributing to their sales. On account of the
aforementioned factors, the LED lighting market in Saudi Arabia is anticipated to reach a value of SAR
6,392 Million by 2024, growing at a CAGR of 18.4% during 2019-2024.
Request for a free sample report: https://www.imarcgroup.com/saudi-arabia-led-lights-
market/requestsample
5. Report DescriptionReport Description and Highlights
Key Market Segmentation:
Market Segmentation by Product Type
• LED Panel Lights
• LED Downlights
• LED Street Lights
• Others
On the basis of the product type, the market has been divided into panel lights, street lights,
downlights and others. Amongst these, panel lights account for the majority of the total market share.
Market Segmentation by Application
• Commercial
• Industrial
• Residential
• Others
6. Report Description
Report Description and Highlights
Based on the application, the market has been categorized into industrial, commercial, residential and
others. Currently, the commercial sector exhibits a clear dominance in the market.
Market Segmentation by Import and Domestic Manufacturing
• Import
• Domestic
On the basis of import and domestic manufacturing, imports of LED lighting dominated the market in
Saudi Arabia on account of low manufacturing capability in the region.
Competitive Landscape:
The competitive landscape of the market has also been analyzed in the report with the detailed
profiles of the key players operating in the market.
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Partial List of Clients
8. A partial List of our Clients
We are the trusted business partners to the
world's leading corporates, governments, and
institutions
Partial List of Clients