Saudi Arabia LED Lights Market Overview:
The Saudi Arabia led lights market was worth US$ XX Billion in 2022, expanding at a CAGR of X% during 2017-2022. Looking forward, the market is projected to grow at a CAGR of around X% during 2023-2028, reaching a value of US$ XX Billion by 2028. Light-emitting diode (LED) is a semiconductor device comprising an alloy of aluminum, gallium, indium, phosphide, and indium gallium nitride. It offers low power requirements and requires a low operational voltage, swift response time, long-lasting capability, and fast switching capabilities. It operates safely at lower temperatures and withstands more impact and vibration than other lights. It also has a long life and significant potential to minimize overall consumption of electricity as compared to conventional lights. As a result, the demand for LED light is increasing in optical communication, alarm and security systems, remote-controlled operations, and robotics across Saudi Arabia.
At present, the inflating disposable incomes and rising living standards of individuals in Saudi Arabia represent one of the key factors positively influencing the market. Moreover, the easy availability of LED lights in various offline and online distribution channels, coupled with the facility of free doorstep delivery, exciting offers, and secured payment gateways, is propelling the growth of the market in the country. Besides this, the rising sales of LED lights as they consume considerably less amounts of energy are creating a favorable market outlook. Apart from this, the integration of advanced technologies, such as artificial intelligence (AI), cloud computing and analytics, the internet of things (IoT), and machine learning (ML), in LED manufacturing is strengthening the growth of the market. Moreover, leading market players are focusing on various marketing strategies, such as social media promotion, banner advertising, and celebrity endorsements, to expand their market reach and increase overall sales. Furthermore, favorable energy efficiency initiatives undertaken by governing authorities of the country promoting large-scale adoption of LEDs are driving the market in Saudi Arabia. Apart from this, the availability of multiple light beam angles, different shapes, and various color shades is contributing to the market growth in the country.
Beginning with a regional overview, the report explores the dynamics that have a strong influence on the Saudi Arabia led lights market and can also impact its future growth. Taking 2022 as the base year, the report covers historical market scenario from 2017-2022 and provides forecasts till 2028. This includes the study of value and volume trends and pricing history. Growth inducing factors, market restraints and recent developments have also been analysed in the report in order to provide a deeper knowledge about the industry.
The report analyses the competitive structure of the Saudi Arabia led lights market industry and provides the profiles of major players operating in the market. The price margins for the products along with the various success and risk factors for manufacturers have also been covered in the report. Moreover, in order to determine market attractiveness, the report analyses the Saudi Arabia led lights market industry along the parameters of the Porter’s Five Forces model. This model examines the degree of competition in the Saudi Arabia led lights market industry by analysing the threat posed by new entrants and substitutes, and the bargaining power of suppliers and buyers. SWOT analysis of the market has also been presented in the report which highlights the strengths, weaknesses, opportunities and threats pertaining to the Saudi Arabia led lights market industry. Furthermore, the value chain analysis of the Saudi Arabia led lights market industry has also been covered in the report. This comprises of all the activities in the value chain, such as the procurement of various raw materials, manufacturing, sales and distribution.
Saudi Arabia LED Lights Market Segment Insights:
The Saudi Arabia led lights market has been analysed as followed:
By Product Type:
Based on the product type, LED panel Lights currently accounts for the highest market share.
By Application:
Based on the application, commercial segment currently accounts for the highest market share.
By Import and Domestic Manufacturing:
Import currently dominates this segment
By Region:
Competative Landscape:
The competitive landscape of the market has been examined in the report and the profiles of key players have also been provided.
Highlights of the Saudi Arabia LED Lights Market Report:
Report Customisation:
The Saudi Arabia led lights market report can be customised as per your requirements. You can get in touch with our analyst, who will make sure that the report suits your research needs
1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 GCC LED Lighting Industry
5.1 Market Overview
5.2 Market Performance
5.3 Market Breakup by Product Type
5.4 Market Breakup by Application
5.5 Market Breakup by Country
5.6 Market Breakup by Import and Domestic Manufacturing
5.7 Market Breakup by Public and Private Sectors
5.8 Market Breakup by Indoor and Outdoor Applications
5.9 Market Forecast
6 Saudi Arabia LED Lighting Industry
6.1 Market Overview
6.2 Market Performance
6.3 Impact of COVID-19
6.4 Market Breakup by Product Type
6.4.1 LED Panel Lights
6.4.2 LED Downlights
6.4.3 LED Street Lights
6.4.4 Others
6.5 Market Breakup by Application
6.5.1 Commercial
6.5.2 Industrial
6.5.3 Residential
6.5.4 Others
6.6 Market Breakup by Import and Domestic Manufacturing
6.6.1 Import
6.6.2 Domestic Manufacturing
6.7 Market Forecast
6.8 SWOT Analysis
6.8.1 Overview
6.8.2 Strengths
6.8.3 Weaknesses
6.8.4 Opportunities
6.8.5 Threats
6.9 Value Chain Analysis
6.9.1 Primary Raw Material Suppliers
6.9.2 LED Chip Manufacturers
6.9.3 LED Package and Module Manufacturers
6.9.4 Lighting/Electronic Products Manufacturers
6.9.5 Product Distributors
6.9.6 End Users
6.10 Porter’s Five Forces Analysis
6.10.1 Overview
6.10.2 Bargaining Power of Suppliers
6.10.3 Bargaining Power of Buyers
6.10.4 Degree of Competition
6.10.5 Threat of New Entrants
6.10.6 Threat from Substitutes
6.11 Key Market Drivers and Success Factors
6.12 Comparative Analysis of CFL and LED
6.13 Price Analysis
6.13.1 Key Price Indicators
6.13.2 Price Structure
7 LED Lights Manufacturing Process
7.1 Panel Light
7.1.1 Product Overview
7.1.2 Manufacturing Process and Process Flow
7.1.3 Raw Material Requirements
7.1.4 Major Machinery Pictures
7.1.5 Suppliers of Raw Materials and Delivery Time
7.2 Downlight
7.2.1 Product Overview
7.2.2 Manufacturing Process and Process Flow
7.2.3 Raw Material Requirements
7.2.4 Major Machinery Pictures
7.2.5 Suppliers of Raw Materials and Delivery Time
7.3 Flood Light
7.3.1 Product Overview
7.3.2 Manufacturing Process and Process Flow
7.3.3 Raw Material Requirements
7.3.4 Major Machinery Pictures
7.3.5 Suppliers of Raw Materials and Delivery Time
7.4 Street Light
7.4.1 Product Overview
7.4.2 Manufacturing Process and Process Flow
7.4.3 Raw Material Requirements
7.4.4 Major Machinery Pictures
7.4.5 Suppliers of Raw Materials and Delivery Time
7.5 Tube Light
7.5.1 Product Overview
7.5.2 Manufacturing Process and Process Flow
7.5.3 Raw Material Requirements
7.5.4 Major Machinery Pictures
7.5.5 Suppliers of Raw Materials and Delivery Time
7.6 Bulb
7.6.1 Product Overview
7.6.2 Manufacturing Process and Process Flow
7.6.3 Raw Material Requirements
7.6.4 Major Machinery Pictures
7.6.5 Suppliers of Raw Materials and Delivery Time
8 Project Details, Requirements and Costs Involved
8.1 Land Requirements and Expenditures
8.2 Construction Requirements and Expenditures
8.3 Plant Machinery
8.4 Raw Material Requirements and Expenditures
8.5 Packaging Requirements and Expenditures
8.6 Transportation Requirements and Expenditures
8.7 Utility Requirements and Expenditures
8.8 Manpower Requirements and Expenditures
8.9 Other Capital Investments
9 Loans and Financial Assistance
10 Project Economics
10.1 Capital Cost of the Project
10.2 Techno-Economic Parameters
10.3 Product Pricing and Margins Across Various Levels of the Supply Chain
10.4 Taxation and Depreciation
10.5 Income Projections
10.6 Expenditure Projections
10.7 Financial Analysis
10.8 Profit Analysis
11 Competitive Landscape
11.1 Market Structure
11.2 Key Players
11.3 Profiles of Key Players
List of Figures
Figure 1: Saudi Arabia: LED Lighting Market: Major Drivers and Challenges
Figure 2: GCC Region: LED Lighting Market: Sales Value (in SAR Million), 2017-2022
Figure 3: GCC Region: LED Lighting Market: Breakup by Product Type (in %), 2022
Figure 4: GCC Region: LED Lighting Market: Breakup by Application (in %), 2022
Figure 5: GCC Region: LED Lighting Market: Breakup by Country (in %), 2022
Figure 6: GCC Region: LED Lighting Market: Breakup by Imports and Domestic Manufacturing (in %), 2022
Figure 7: GCC Region: LED Lighting Market: Breakup by Private and Public Sector (in %), 2022
Figure 8: GCC Region: LED Lighting Market: Breakup by Indoor and Outdoor Applications (in %), 2022
Figure 9: GCC Region: LED Lighting Market Forecast: Sales Value (in SAR Million), 2023-2028
Figure 10: Saudi Arabia: LED Lighting Market: Sales Value (in SAR Million), 2017-2022
Figure 11: Saudi Arabia: LED Lighting Market: Breakup by Product Type (in %), 2022
Figure 12: Saudi Arabia: LED Lighting Market: Breakup by Application (in %), 2022
Figure 13: Saudi Arabia: LED Lighting Market: Breakup by Import and Domestic Manufacturing (in %), 2022
Figure 14: Saudi Arabia: LED Lighting Market Forecast: Sales Value (in SAR Million), 2023-2028
Figure 15: Saudi Arabia: LED Lighting (LED Panel Lights) Market: Sales Value (in SAR Million), 2017 & 2022
Figure 16: Saudi Arabia: LED Lighting (LED Panel Lights) Market Forecast: Sales Value (in SAR Million), 2023-2028
Figure 17: Saudi Arabia: LED Lighting (LED Downlights) Market: Sales Value (in SAR Million), 2017 & 2022
Figure 18: Saudi Arabia: LED Lighting (LED Downlights) Market Forecast: Sales Value (in SAR Million), 2023-2028
Figure 19: Saudi Arabia: LED Lighting (LED Street Lights) Market: Sales Value (in SAR Million), 2017 & 2022
Figure 20: Saudi Arabia: LED Lighting (LED Street Lights) Market Forecast: Sales Value (in SAR Million), 2023-2028
Figure 21: Saudi Arabia: LED Lighting (Others) Market: Sales Value (in SAR Million), 2017 & 2022
Figure 22: Saudi Arabia: LED Lighting (Others) Market Forecast: Sales Value (in SAR Million), 2023-2028
Figure 23: Saudi Arabia: LED Lighting (Commercial) Market: Sales Value (in SAR Million), 2017 & 2022
Figure 24: Saudi Arabia: LED Lighting (Commercial) Market Forecast: Sales Value (in SAR Million), 2023-2028
Figure 25: Saudi Arabia: LED Lighting (Industrial) Market: Sales Value (in SAR Million), 2017 & 2022
Figure 26: Saudi Arabia: LED Lighting (Industrial) Market Forecast: Sales Value (in SAR Million), 2023-2028
Figure 27: Saudi Arabia: LED Lighting (Residential) Market: Sales Value (in SAR Million), 2017 & 2022
Figure 28: Saudi Arabia: LED Lighting (Residential) Market Forecast: Sales Value (in SAR Million), 2023-2028
Figure 29: Saudi Arabia: LED Lighting (Others) Market: Sales Value (in SAR Million), 2017 & 2022
Figure 30: Saudi Arabia: LED Lighting (Others) Market Forecast: Sales Value (in SAR Million), 2023-2028
Figure 31: Saudi Arabia: LED Lighting (Import) Market: Sales Value (in SAR Million), 2017 & 2022
Figure 32: Saudi Arabia: LED Lighting (Import) Market Forecast: Sales Value (in SAR Million), 2023-2028
Figure 33: Saudi Arabia: LED Lighting (Domestic Manufacturing) Market: Sales Value (in SAR Million), 2017 & 2022
Figure 34: Saudi Arabia: LED Lighting (Domestic Manufacturing) Market Forecast: Sales Value (in SAR Million), 2023-2028
Figure 35: Saudi Arabia: LED Lighting Industry: SWOT Analysis
Figure 36: Saudi Arabia: LED Lighting Industry: Value Chain Analysis
Figure 37: Saudi Arabia: LED Lighting Industry: Porter’s Five Forces Analysis
Figure 38: Saudi: LED Lighting Market: Price Structure (SAR/Unit)
Figure 39: Panel Light Manufacturing: Various Types of Operation Involved
Figure 40: Panel Light Manufacturing: Conversion Rate of Products
Figure 41: Down Light Manufacturing: Various Types of Operation Involved
Figure 42: Down Light Manufacturing: Conversion Rate of Products
Figure 43: Flood Light Manufacturing: Various Types of Operation Involved
Figure 44: Flood Light Manufacturing: Conversion Rate of Products
Figure 45: Street Light Manufacturing: Various Types of Unit Operations Involved
Figure 46: Street Light Manufacturing: Conversion Rate of Products
Figure 47: Tube Light Manufacturing: Various Types of Units Operation Involved
Figure 48: Tube Light Manufacturing: Conversion Rate of Products
Figure 49: Bulb Manufacturing: Various Types of Operation Involved
Figure 50: Bulb Manufacturing: Conversion Rate of Products
Figure 51: LED Lights Manufacturing Plant: Breakup of Capital Costs (in %)
Figure 52: LED Lights Industry: Breakup of Profit Margins at Various Level of Value Chain
Figure 53: LED Lights Manufacturing Plant: Breakup of Manufacturing Costs (in %)
Figure 54: Saudi Arabia: LED Lighting Market: Breakup by Key Players (in %), 2022
List of Tables
Table 1: GCC: LED Lighting Market: Key Industry Highlights, 2022 and 2028
Table 2: Saudi Arabia: LED Lighting Market: Key Industry Highlights, 2022 and 2028
Table 3: Saudi Arabia: LED Lighting Market Forecast: Breakup by Product Type (in SAR Million), 2023-2028
Table 4: Saudi Arabia: LED Lighting Market Forecast: Breakup by Application (in SAR Million), 2023-2028
Table 5: Saudi Arabia: LED Lighting Market Forecast: Breakup by Import and Domestic Manufacturing (in SAR Million), 2023-2028
Table 6: Panel Light Manufacturing: Suppliers of Raw Materials and Delivery Timeline
Table 7: Down Light Manufacturing: Suppliers of Raw Materials and Delivery Timeline
Table 8: Flood Light Manufacturing: Suppliers of Raw Materials and Delivery Timeline
Table 9: Street Light Manufacturing: Suppliers of Raw Materials and Delivery Timeline
Table 10: Tube Light Manufacturing: Suppliers of Raw Materials and Delivery Timeline
Table 11: LED Lights Manufacturing Plant: Costs Related to Land and Site Development (in SAR)
Table 12: LED Lights Manufacturing Plant: Costs Related to Civil Works (in SAR)
Table 13: LED Lights Manufacturing Plant: Machinery Costs (in SAR)
Table 14: LED Lights Manufacturing Plant: Costs Related to Other Capital Investments (in SAR)
Table 15: LED Lights Manufacturing Plant: Raw Material Requirements (in Units/Day) and Expenditures (in SAR/Unit)
Table 16: LED Lights Manufacturing Plant: Outer Packaging Requirements and Expenditure
Table 17: LED Lights Manufacturing Plant: Inner Packaging Requirements and Expenditure
Table 18: LED Lights Manufacturing Plant: Transportation Expenditure (SAR/Unit of Light)
Table 19: LED Lights Manufacturing Plant: Costs Related to Utilities (in SAR)
Table 20: LED Lights Manufacturing Plant: Costs Related to Salaries and Wages (in SAR)
Table 21: LED Lights Manufacturing Plant: Techno-Economic Parameters
Table 22: LED Lights Manufacturing Plant: Income Projections (in SAR)
Table 23: LED Lights Manufacturing Plant: Expenditure Projections (in SAR)
Table 24: LED Lights Manufacturing Plant: Income Tax (in SAR/Year)
Table 25: LED Lights Manufacturing Plant: Depreciation (in SAR/Year)
Table 26: LED Lights Manufacturing Plant: Cash Flow Analysis Without Considering the Income Tax Liability (in SAR)
Table 27: LED Lights Manufacturing Plant: Cash Flow Analysis on Considering the Income Tax Liability (in SAR)
Table 28: LED Lights Manufacturing Plant: Profit and Loss Account (in SAR)
Table 29: Saudi Arabia: LED Lighting Market: Competitive Structure
Table 30: Saudi Arabia: LED Lighting Market: Key Players
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