Tuesday, 07 December 2021 05:16 GMT

Saudi Arabia Lighting Market to be Driven by Rising Urbanization and the Real Estate Sector Rapid Expansion in the Forecast Period of 2021-2026


(MENAFN- iCrowdNewsWire) The new report by Expert Market Research titled, 'Saudi Arabia Lighting Market Report and Forecast 2021-2026', gives an in-depth analysis of the saudi arabia lighting market , assessing the market based on its segments like type, end use, and distribution channel. The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter's Five Forces models.

Request a free sample copy in PDF or view the report summary@ 

The key highlights of the report include:

Market Overview (2016-2026)

  • Forecast CAGR (2021-2026): 17%
  • Forecast Market Size (2026): USD 2 Billion

Due to increased urbanisation and the real estate sector's rapid expansion, lighting is in great demand in Saudi Arabia. The rising need for energy-efficient lighting solutions as a result of rising environmental concerns and fast industrialisation is one of the primary drivers driving the Saudi Arabia lighting sector. The Saudi government is also emphasising the adoption of smart lighting systems to balance rising energy consumption while lowering operational costs, thereby strengthening the country's smart lighting industry. The most popular product category is LED lights.

Significant advancements in public and private infrastructure, as well as government efforts to promote LED adoption, are driving demand for LED lights . To stimulate the use of LED lamps, the Saudi Arabian government has implemented worldwide energy quality laws and increased duties on incandescent and compact fluorescent light imports.

Industry Definition and Major Segments

Lighting is the usage or arrangement of lights in a space, shopping centre, roadway, or other site with the goal of achieving functional or aesthetic results. Various types of artificial light sources, such as lamps and light fixtures, are abundant in the industry.

The market is divided on the basis of lighting type into:

  • LEDs
  • CFLs
  • Halogens
  • Incandescent
  • Others

In terms of end use, the market is segmented into:

  • General
    • Residential
    • Non-Residential
  • Automotive

The market is segregated based on distribution channel into:

  • Supermarkets and Hypermarkets
  • Convenience Stores
  • Specialty Stores
  • Online
  • Others

Explore the full report with the table of contents@ 

Market Trends

Various government programmes aiming at creating remarkable infrastructure would result in the creation of new smart cities in Saudi Arabia, which will raise lighting demand over the projection period. The Saudi Arabian government, for example, is creating smart lighting networks for several municipalities, including the Makkah and Riyadh Metro systems, as well as the extension of the King Abdulaziz International Airport in the future years, as part of the Saudi Arabia Megaproject Vision 2030. The transformation is being fueled by a growing emphasis on energy conservation and the need to cut down on excessive electricity usage. Furthermore, growing LED penetration, decreasing illumination kit costs, and technology advances such as dynamic lighting, customisable white light, and wireless control systems are fueling market growth. Also being tested are street lighting control schemes, as well as intelligent street lighting and integrated lighting solutions that use remote tracking. In addition, the Saudi Arabia lighting sector is predicted to be propelled in the next years by growing use of the Internet of Things, indoor lighting automation,“Li-fi,” and Lighting-as Service.

Key Market Players

The major players in the market are Signify Holding, Al Nasser Group, National Lighting Company, HEBA Lighting, and Others. The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.

Read More Reports:-

Global Energy Drinks Market: 

Global Energy Bar Market: 

Global Endovenous Ablation Devices Market: 

Global Tert-Butanol Market: 

Global Advanced Wound Care Market: 

Global Adhesion Barriers Market: 

Global Acute Kidney Injury Treatment Market: 

Global Actuators Market: 

Global Advanced Bipolar Direct Energy Devices Market: 

Global Acute Lymphocytic/Lymphoblastic Leukaemia (ALL) Therapeutics Market: 

About Us:

Expert Market Research is a leading business intelligence firm, providing custom and syndicated market reports along with consultancy services for our clients. We serve a wide client base ranging from Fortune 1000 companies to small and medium enterprises. Our reports cover over 100 industries across established and emerging markets researched by our skilled analysts who track the latest economic, demographic, trade and market data globally.

At Expert Market Research, we tailor our approach according to our clients' needs and preferences, providing them with valuable, actionable and up-to-date insights into the market, thus, helping them realize their optimum growth potential. We offer market intelligence across a range of industry verticals which include Pharmaceuticals, Food and Beverage, Technology, Retail, Chemical and Materials, Energy and Mining, Packaging and Agriculture.

We also provide state-of-the-art procurement intelligence through our platform,  . Procurement Resource is a leading platform for digital procurement solutions, offering daily price tracking, market intelligence, supply chain intelligence, procurement analytics, and category insights through our thoroughly researched and infallible market reports, production cost reports, price analysis, and benchmarking.

Informes de Expertos ( ), the Spanish variant of Expert Market Research, is a platform that offers market research and consultancy services to a broad clientele base across Spanish speaking countries. With our primary focus on the Latin America and Spain markets, our research experts provide relevant and actionable insights into the markets and track major trends, economic developments, and global trade data.

Determined to bring client satisfaction, we make sure that our tailored approach meets the client's unique market intelligence requirements. Our syndicated and customized research reports cover a wide spectrum of industries ranging from pharmaceuticals and food and beverage to packaging, logistics, and transportation.

*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.

Content Source

MENAFN23112021003318003403ID1103238980


Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.