Saudi Arabia LED Light Market Report and Forecast 2023-2028

Saudi Arabia LED Light Market Report and Forecast 2023-2028


Market Outlook

According to the report by Expert Market Research (EMR), the Saudi Arabia LED light market reached a value of nearly USD 1505 million in 2022. Aided by the increasing emphasis on energy-efficient lighting solutions and the extensive infrastructure and developmental projects launched in the region, the market is projected to further grow at a CAGR of 5.62% between 2023 and 2028 to reach a value of about USD 2070 million by 2028.

Light Emitting Diodes, popularly known as LEDs, have transformed the lighting landscape globally. In Saudi Arabia, a nation characterised by its intense focus on modernisation and sustainability, LEDs have emerged as the front runners in the lighting domain. These lights not only offer superior longevity but also promise considerable energy savings, aligning perfectly with Saudi Arabia's Vision 2030, which underscores sustainability as a pivotal theme.

One of the principal forces driving the Saudi Arabia LED light market growth is the nation's unequivocal shift towards energy-efficient solutions. As global conversations veer towards sustainability, Saudi Arabia, a heavyweight in the energy sector, has been quick to adapt, promoting LEDs as a sustainable lighting solution that dovetails with the nation's energy conservation goals.

Furthermore, Saudi Arabia's ongoing mega-infrastructure projects, including the likes of NEOM city and the Red Sea Project, have significantly bolstered the demand for LEDs. These projects, emphasising state-of-the-art infrastructure, naturally prioritise LEDs, given their myriad advantages ranging from reduced carbon footprints to unparalleled luminous efficacy.

Beyond infrastructure, the commercial and residential sectors in Saudi Arabia are witnessing an LED revolution. As per the Saudi Arabia LED light market analysis, the increasing awareness about LED benefits coupled with government initiatives offering incentives for LED adoption has seen these energy-saving lights permeate households and commercial establishments alike. Their versatility, enabling their use in various settings – from opulent chandeliers in luxury villas to task lighting in corporate offices – further amplifies their appeal.

Another sector where LEDs are making significant inroads in Saudi Arabia is street lighting. With urbanisation on the rise, the need for well-lit streets and public spaces has never been more pronounced. LEDs, with their superior brightness, durability, and energy efficiency, have emerged as the preferred choice for public lighting solutions, further propelling the Saudi Arabia LED light market demand.

The hospitality industry, too, has been a prominent contributor to the LED market's expansion. With Saudi Arabia earnestly promoting tourism as a part of its diversification strategy, the hotel and leisure sector is experiencing unprecedented growth. LEDs, given their ability to create diverse ambiances and moods with adjustable colour temperatures and dimming capabilities, are naturally the choice for this burgeoning sector.

Market Segmentation

The market can be divided based on type, application, and sector.

Market Breakup by Type
  • Panel Lights
  • Down Lights
  • Flood Lights
  • Street Lights
  • Tube Lights
  • Bulbs
Market Breakup by Application
  • Residential
  • Commercial
  • Industrial
  • Others
Market Breakup by Sector
  • Private
  • Public
Competitive Landscape

The EMR report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in the Saudi Arabia LED light market. Some of the major players explored in the report by Expert Market Research are as follows:
  • Alnasser Group
  • Saudi Led Light Co
  • NATIONAL LIGHTING CORP.
  • TECHNO LED LIGHTS
  • Inara Lighting Company
  • Nardeen Lighting Co. Ltd.
  • Huda Lighting
  • Philips SLC
  • Others
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*We at Expert Market Research always strive to provide you with the latest information. The numbers in the article are only indicative and may be different from the actual report.


1 Preface
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
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Snapshot
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 (2018-2022)
8.3 GCC LED Light Market Forecast (2023-2028)
8.4 GCC LED Light Market by Country
8.4.1 Market Share
8.4.1.1 Saudi Arabia
8.4.1.2 UAE
8.4.1.3 Qatar
8.4.1.4 Others
9 Saudi Arabia LED Light Market Analysis
9.1 Key Industry Highlights
9.2 Saudi Arabia LED Light Historical Market (2018-2022)
9.3 Saudi Arabia LED Light Market Forecast (2023-2028)
9.4 Saudi Arabia LED Light Market by Type
9.4.1 Panel Lights
9.4.1.1 Market Share
9.4.1.2 Historical Trend (2018-2022)
9.4.1.3 Forecast Trend (2023-2028)
9.4.2 Down Lights
9.4.2.1 Market Share
9.4.2.2 Historical Trend (2018-2022)
9.4.2.3 Forecast Trend (2023-2028)
9.4.3 Flood Lights
9.4.3.1 Market Share
9.4.3.2 Historical Trend (2018-2022)
9.4.3.3 Forecast Trend (2023-2028)
9.4.4 Street Lights
9.4.4.1 Market Share
9.4.4.2 Historical Trend (2018-2022)
9.4.4.3 Forecast Trend (2023-2028)
9.4.5 Tube Lights
9.4.5.1 Market Share
9.4.5.2 Historical Trend (2018-2022)
9.4.5.3 Forecast Trend (2023-2028)
9.4.6 Bulbs
9.4.6.1 Market Share
9.4.6.2 Historical Trend (2018-2022)
9.4.6.3 Forecast Trend (2023-2028)
9.5 Saudi Arabia LED Light Market by Application
9.5.1 Residential
9.5.1.1 Market Share
9.5.1.2 Historical Trend (2018-2022)
9.5.1.3 Forecast Trend (2023-2028)
9.5.2 Commercial
9.5.2.1 Market Share
9.5.2.2 Historical Trend (2018-2022)
9.5.2.3 Forecast Trend (2023-2028)
9.5.3 Industrial
9.5.3.1 Market Share
9.5.3.2 Historical Trend (2018-2022)
9.5.3.3 Forecast Trend (2023-2028)
9.5.4 Others
9.6 Saudi Arabia LED Light Market by Sector
9.6.1 Private
9.6.1.1 Market Share
9.6.1.2 Historical Trend (2018-2022)
9.6.1.3 Forecast Trend (2023-2028)
9.6.2 Public
9.6.2.1 Market Share
9.6.2.2 Historical Trend (2018-2022)
9.6.2.3 Forecast Trend (2023-2028)
10 Comparative Analysis of CFL and LED
11 Market Dynamics
11.1 SWOT Analysis
11.1.1 Strengths
11.1.2 Weaknesses
11.1.3 Opportunities
11.1.4 Threats
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
13.2.1.1 Company Overview
13.2.1.2 Product Portfolio
13.2.1.3 Demographic Reach and Achievements
13.2.1.4 Certifications
13.2.2 Saudi Led Light Co,
13.2.2.1 Company Overview
13.2.2.2 Product Portfolio
13.2.2.3 Demographic Reach and Achievements
13.2.2.4 Certifications
13.2.3 NATIONAL LIGHTING CORP.
13.2.3.1 Company Overview
13.2.3.2 Product Portfolio
13.2.3.3 Demographic Reach and Achievements
13.2.3.4 Certifications
13.2.4 TECHNO LED LIGHTS
13.2.4.1 Company Overview
13.2.4.2 Product Portfolio
13.2.4.3 Demographic Reach and Achievements
13.2.4.4 Certifications
13.2.5 Inara Lighting Company
13.2.5.1 Company Overview
13.2.5.2 Product Portfolio
13.2.5.3 Demographic Reach and Achievements
13.2.5.4 Certifications
13.2.6 Nardeen Lighting Co. Ltd.
13.2.6.1 Company Overview
13.2.6.2 Product Portfolio
13.2.6.3 Demographic Reach and Achievements
13.2.6.4 Certifications
13.2.7 Huda Lighting
13.2.7.1 Company Overview
13.2.7.2 Product Portfolio
13.2.7.3 Demographic Reach and Achievements
13.2.7.4 Certifications
13.2.8 Philips SLC
13.2.8.1 Company Overview
13.2.8.2 Product Portfolio
13.2.8.3 Demographic Reach and Achievements
13.2.8.4 Certifications
13.2.9 Others
14 Industry Events and Developments
Additional Customisations Available
1 Manufacturing Process
1.1 Overview
1.2 Detailed Process Flow
1.3 Operation Involved
2 Project Requirement and Cost Analysis
2.1 Land, Location and Site Development
2.2 Construction
2.3 Plant Machinery
2.4 Cost of Raw Material
2.5 Packaging
2.6 Transportation
2.7 Utilities
2.8 Manpower
2.9 Other Capital Investment
List of Key Figures and Tables
1. GCC LED Light Market: Key Industry Highlights, 2018 and 2028
2. Saudi Arabia LED Light Market: Key Industry Highlights, 2018 and 2028
3. Saudi Arabia LED Light Historical Market: Breakup by Type (SAR Million), 2018-2022
4. Saudi Arabia LED Light Market Forecast: Breakup by Type (SAR Million), 2023-2028
5. Saudi Arabia LED Light Historical Market: Breakup by Application (SAR Million), 2018-2022
6. Saudi Arabia LED Light Market Forecast: Breakup by Application (SAR Million), 2023-2028
7. Saudi Arabia LED Light Historical Market: Breakup by Sector (SAR Million), 2018-2022
8. Saudi Arabia LED Light Market Forecast: Breakup by Sector (SAR Million), 2023-2028
9. Saudi Arabia LED Light Market Structure

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