Saudi Arabia LED Lights Market: Top Companies, Investment Trend, Growth & Innovation Trends 2021-26

Saudi Arabia LED Lights Market Research and Upcoming Forecast Report

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Author: Elena Anderson, Marketing Manager | Copyright ©Group IMARC Service Pvt Ltd. All Rights Reserved IMARC

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Report Description and Highlights

Report Description

Saudi Arabia LED Lights Market Outlook 2026: IMARC Group, titled "Saudi Arabia LED Lights Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026," The Saudi Arabia LED lights market reached a value of SAR 3,245 Million in 2020.

Light Emitting Diode (LED) refers to a semiconductor technology that utilizes electrical energy to provide energy-efficient lighting solutions. LED lights are directional sources of light that are characterized by a compact size and an extended lifespan.

They are widely available in different shapes, sizes and colors to suit the requirements of the end-users.

They are known to save up to 90% of the total energy usage while emitting little to no heat and greenhouse gases.

They are environment-friendly in nature due to which they are widely replacing traditional lighting technologies, such as incandescent and fluorescent lights in Saudi Arabia. The numerous benefits associated with their use have contributed to their widespread utilization across the industrial, residential and commercial segments.

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Report Description and Highlights

Report Description

Global Saudi Arabia LED Lights Market Trends: The market is primarily driven by the growing demand for energy-efficient solutions across Saudi Arabia.

There has been a significant rise in the consumption of electricity on account of increasing expatriate population and extreme climatic conditions in the country.

This, along with the inadequate power production and high electricity charges, is contributing to the growing awareness regarding the importance of energy-efficient lighting technologies, thereby providing a thrust to the market growth.

There has also been a gradual shift from traditional lighting systems to LED lights due to an enhanced focus on energy conservation and sustainable development.

Apart from this, a considerable increase in the number of green city projects in Saudi Arabia has facilitated the uptake of LED lighting solutions.

Report Description and Highlights

Report Description

This is supported by government initiatives, such as the Vision 2030 plan that aims to modernize infrastructure and expand the construction of smart cities.

Furthermore, numerous favorable programs undertaken by the government to promote the use of LED lights are expected to create a positive outlook for the market.

For instance, the government has increased tariffs on the imports of incandescent and compact fluorescent lights while implementing global energy efficiency standards in the country.

Looking forward, IMARC Group expects the market to reach a value of SAR 8,907 Million by 2026.

Note: We are updating our research report 2021-2026. If you want to need latest primary and secondary data with Cost Module, Business Strategy, Distribution Channel, etc

Report Description and Highlights

Report Description Breakup by Product Type: • • • •

LED Panel LED Downlights LED Street Light Others

Breakup by Application: • • • •

Commercial Industrial Residential Others

Breakup by Import and Domestic Manufacturing: • •

Import Domestic Manufacturing

View Report TOC, Figures and Tables: https://www.imarcgroup.com/saudi-arabia-led-lights-market

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A partial List of

We are the trusted business partners to the

Listworld's of Clients leading corporates, governments, and ourPartial Clients institutions

Report Description and Highlights

Report Description

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