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Saudi Arabia LED Lights Market o Reach SAR 6,392 Million by 2024- IMARC Group

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Get more information about the market: https://www.imarcgroup.com/saudi-arabia-led-lights-market

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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Saudi Arabia LED Lights Market o Reach SAR 6,392 Million by 2024- IMARC Group

  1. 1. Copyright © IMARC Service Pvt Ltd. All Rights Reserved Saudi Arabia LED Lights Market Research Report and Forecast 2024 Report Edition: 2019 © 2019 IMARC All Rights Reserved
  2. 2. Report DescriptionAbout IMARC Group The International Market Analysis Research and Consulting Group is a leading adviser on management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses. IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, chemicals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise. IMARC’s tailored approach combines unfathomable insight into the dynamics of companies and markets with close cooperation at all levels of the client organization. This ensures that our clients achieve unmatchable competitive advantage, build more proficient organizations, and secure lasting results.
  3. 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. 4. Report DescriptionReport Description and Highlights 120.2 125.5 130.8 136.1 141.4 146.7 152.0 157.3 0 20 40 60 80 100 120 140 160 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 80 100 120 140 160 180 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. 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. 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. For more information, click here: https://www.imarcgroup.com/saudi-arabia-led-lights-market
  7. 7. 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
  8. 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
  9. 9. Report DescriptionReport Description and Highlights © 2019 IMARC All Rights Reserved This Publication and all it’s contents unless otherwise mentioned are copyrighted in the name of International Market Analysis Research and Consulting (IMARC). No part of this publication may be reproduced, repackaged, redistributed or resold in whole or in any part. The publication may also not be used in any form or by and means graphic electronic or mechanical, including photocopying, recording, taping or by information storage or retrieval, or by any other form, without the express consent of International Market Analysis Research and Consulting (IMARC). Disclaimer: All contents and data of this publication, including forecasts, data analysis and opinion have been based on information and sources believed to be accurate and reliable at the time of publishing. International Market Analysis Research and Consulting makes no representation of warranty of any kind as to the accuracy or completeness of any Information provided. IMARC accepts no liability whatsoever for any loss or damage resulting from opinion, errors or inaccuracies if any found this publication. IMARC, IMARC Group and Global Therapy Insight Series are registered trademarks of International Market Analysis Research and Consulting. All other trademarks used in this publication are registered trademarks of their respective companies.
  10. 10. FOR MORE DETAILS Visit us at : Stay With Us: TELEPHONE: +1-631-791-1145 E-MAIL: sales@imarcgroup.com https://www.imarcgroup.com Contact Us

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