Bottom Article Ad

Wednesday, June 2, 2021

Saudi Arabia LED Light Market to be Driven by the Growing Rate of Urbanisation in the Forecast Period of 2021-2026

The new report by Expert Market Research titled, ‘Saudi Arabia LED Light Market Report and Forecast 2021-2026’, gives an in-depth analysis of the Saudi Arabia LED light market, assessing the market based on its segments like types, applications, and sectors. 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.

Note 1: For a snapshot of the primary and secondary data of the market (2016-2026), along with business strategies and detailed market segmentation, please click on the request sample report. The sample report shall be delivered to you within 24 hours.

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

The key highlights of the report include:

Market Overview (2016-2026)

  • Historical Market Size (2020): USD 80 billion (Global LED Lighting Market)
  • Forecast CAGR (2021-2026): 14% (Global LED Lighting Market)

Saudi Arabia’s government plans to reduce energy subsidies by 2020 in order to increase energy efficiency. The lack of subsidies is expected to  result in higher electricity prices for companies and consumers. Thus, the overall demand for energy-efficient technology, goods, and services, such as LED lights, is expected to increase as a result of this initiative. Moreover, as urbanisation rates have risen, the number of smart city projects around the country has increased significantly. Three cities in Saudi Arabia will be built as smart cities, according to Vision 2030, the government’s national development plan. This is expected to drive up the demand for high-quality LED lighting systems over the forecast period.

Industry Definition and Major Segments

An LED light, also known as an LED light bulb, is an electric light that uses light-emitting diodes to generate light. LED lights are more energy-efficient than equivalent incandescent lamps, and they can also outperform most fluorescent lamps.

Explore the full report with the table of contents@

The market based on type can be segmented into:

By application, the market is segmented into:

The industry can be bifurcated based on sector into:

Latest Global News on Saudi Arabia LED Light Market@

Market Trends

Companies in Saudi Arabia have begun to introduce and adopt energy-efficient practises in order to promote sustainability in the country over the last few years. Saudi Amarco, the Saudi Arabian national petroleum and natural gas corporation, for example, intends to reduce energy usage in its transportation, homes, and communities by nearly 35% by 2020. Approximately 60,000 fluorescent lights were recently replaced with more energy-efficient LED lights throughout the firm’s offices and facilities. These factors are expected to bolster the market growth of LED light in Saudi Arabia.

Key Market Players

The major players in the market are Al Nasser Group, Saudi LED Light, National Lighting Company, Technolight, Inara Company Limited, Noortek, Nardeen Lighting Company LLC, Huda Lighting, and Philips Saudi Lighting Company. 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 Dental Laboratories Market:

Global Dental Hygiene Devices Market:

North America Waterproofing Market:

Global Ballast Water Management Market:

Latin America Household Care Market:

Global Dental Crowns and Bridges Market:

Global Automotive Panoramic Sunroof Market:

Global Automotive Projector Headlamps Market:

Global Automotive Rear Cross Traffic Alert Market:

Global Digital Asset Management Best Practices Market:

Note 2: As the novel coronavirus (COVID-19) continues to spread across the world, our analysts are constantly tracking the impact of this rapidly evolving situation on the markets and the consumer purchase behaviours. Thus, our latest estimates and analysis about the current market trends and forecast will exhaustively reflect the effects of this emerging pandemic.

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.

Media Contact

Company Name: Expert Market Research
Contact Person: Steven Luke, Corporate Sales Specialist – U.S.A.
Toll Free Number: +1-415-325-5166 | +44-702-402-5790
Address: 30 North Gould Street, Sheridan, WY 82801, USA
City: Sheridan
State: Wyoming
Country: United States

*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.


Post a Comment