The Saudi Arabian lighting market value is expected to rise from $1,350.0 million in 2020 to $3,577.0 million by 2030, exhibiting a CAGR of 10.2% from 2020 to 2030. The major factors fueling the expansion of the market are the surging use of LEDs, soaring popularity of smart homes, and launch of smart city projects.
Electricity consumption is expected to rise by over 50% in Saudi Arabia in the next two decades, thus massively pushing up the demand for energy-efficient lights. As per the International Energy Agency (IEA), smart lighting systems can reduce energy consumption by 35%. Moreover, as conventional lights account for around 5% of the greenhouse gas emissions, the growing adoption of LEDs is propelling the Saudi Arabian lighting market.
The COVID-19 pandemic caused a sharp fall in the growth rate of the Saudi Arabian lighting market, with many manufacturing facilities and logistics organizations complaining of operational disruptions owing to the imposition of lockdowns and restrictions on the movement of people and goods. In addition, many industrial and commercial projects were postponed, thereby driving down the lighting demand.
Al Nasser Group, NVC International Holdings Limited, Huda Lighting, LEDVANCE GmbH, Al AbdulKarim Holding, Signify N.V., National Lighting Company, Alfanar Group, Zumtobel Group AG, OPPLE Lighting Co. Ltd., TRILUX GmbH & Co. KG, and CINMAR Lighting Systems are some of the major players in the Saudi Arabian lighting market.
Key Findings of Saudi Arabia Lighting Market Report
- Fixtures contributed the higher revenue to the Saudi Arabian lighting market in the past, under the component segment, due to their low maintenance costs and improved performance.
- Wireless lights are predicted to demonstrate the faster growth in the Saudi Arabian lighting market in the coming years, within the technology segment. These lights eliminate the requirement for wires, thereby facilitating the easy installation and removal of the lights from the system.
- Voice controls and other smart features in lighting products are trending in the kingdom, in part due to the government’s efforts to make the homes here smarter.
- Rampant construction under the Saudi Vision 2030 is one of the key factors driving the demand for lights. The government aims to reduce its dependence on oil and gas, which is why it is undertaking rampant infrastructure development in the industrial, corporate, tourism, education, and other sectors.
- Alfanar Group launched the latest collection of cables and wires, switch and junction boxes, distribution boards, switches and sockets, lighting products, and service boxes at the IEE Conference in April 2019.
The COVID-19 pandemic caused a sharp fall in the growth rate of the Saudi Arabian lighting market, with many manufacturing facilities and logistics organizations complaining of operational disruptions owing to the imposition of lockdowns and restrictions on the movement of people and goods. In addition, many industrial and commercial projects were postponed, thereby driving down the lighting demand.
Al Nasser Group, NVC International Holdings Limited, Huda Lighting, LEDVANCE GmbH, Al AbdulKarim Holding, Signify N.V., National Lighting Company, Alfanar Group, Zumtobel Group AG, OPPLE Lighting Co. Ltd., TRILUX GmbH & Co. KG, and CINMAR Lighting Systems are some of the major players in the Saudi Arabian lighting market.
Frequently Asked Questions about the Saudi Arabian Lighting Market
What is the estimated value of the Saudi Arabian Lighting Market?
What is the growth rate of the Saudi Arabian Lighting Market?
What is the forecasted size of the Saudi Arabian Lighting Market?
Who are the key companies in the Saudi Arabian Lighting Market?
| Report Attribute | Details |
|---|---|
| No. of Pages | 110 |
| Published | September 2021 |
| Forecast Period | 2020 - 2030 |
| Estimated Market Value ( USD | $ 1350 Million |
| Forecasted Market Value ( USD | $ 3577 Million |
| Compound Annual Growth Rate | 10.2% |
| Regions Covered | Saudi Arabia |
| No. of Companies Mentioned | 12 |
Table of Contents
Chapter 1. Research Background1.1 Research Objectives
1.2 Market Definition
1.3 Analysis Period
1.4 Market Data Reporting Unit
1.4.1 Value
1.5 Market Size Breakdown by Segment
1.5.1 Market Segmentation by Component
1.5.2 Market Segmentation by Technology
1.5.3 Market Segmentation by Application
1.6 Key Stakeholders
Chapter 2. Research Methodology
2.1 Secondary Research
2.1.1 Paid
2.1.2 Unpaid
2.1.3 Publisher Database
2.2 Primary Research
2.2.1 Breakdown of Primary Research, by Industry Participant
2.2.2 Breakdown of Primary Research, by Designation
2.2.3 Breakdown of Primary Research, by Company Type
2.3 Market Size Estimation
2.3.1 Top-Down Approach
2.3.2 Bottom-Up Approach
2.3.3 Market Forecast
2.4 Data Triangulation
2.5 Currency Conversion Rates
2.6 Notes and Caveats
Chapter 3. Executive Summary
Chapter 4. Voice of Industry Experts/KOLs
Chapter 5. Market Indicators
5.1 GDP Growth and Forecast
5.2 Megaprojects in Saudi Arabia
5.3 Growing Smart Home Penetration
5.4 Smart Household Technology Penetration
Chapter 6. Definition of Market Segments
6.1 By Component
6.1.1 Fixture
6.1.1.1 CFL
6.1.1.2 LED
6.1.1.3 OLED
6.1.1.4 HID
6.1.1.5 Plasma
6.1.2 Control
6.1.2.1 Sensors
6.1.2.2 Microprocessors & controllers
6.1.2.3 Dimmers & switches
6.1.2.4 Wireless transmitters & receivers
6.1.2.5 Ballasts & LED drivers
6.2 By Technology
6.2.1 Wired
6.2.1.1 BACnet
6.2.1.2 DALI
6.2.1.3 PLC
6.2.1.4 Proprietary control
6.2.1.5 Others
6.2.2 Wireless
6.2.2.1 EnOcean
6.2.2.2 ZigBee
6.2.2.3 Bluetooth
6.2.2.4 Wi-Fi
6.2.2.5 RF
6.2.2.6 Others
6.3 By Application
6.3.1 Residential
6.3.2 Commercial
6.3.3 Industrial
6.3.4 Outdoor
6.3.5 Automotive
Chapter 7. Industry Outlook
7.1 Market Dynamics
7.1.1 Trends
7.1.1.1 Integration of voice control features and adoption of smart lighting systems
7.1.1.2 Emergence of LaaS
7.1.1.3 Coming closer of lighting industry to electronics industry
7.1.2 Drivers
7.1.2.1 Rising adoption of LEDs
7.1.2.2 Increasing trend of smart homes, along with customization benefits
7.1.2.3 Declining price of LEDs
7.1.2.4 Development of smart cities and upcoming mega projects
7.1.2.5 Impact analysis of drivers on market forecast
7.1.3 Restraints
7.1.3.1 Design challenges with LEDs
7.1.3.2 Lack of standards and the associated interoperability issues
7.1.3.3 Impact analysis of restraints on market forecast
7.2 Impact of COVID-19
7.3 Porter’s Five Forces Analysis
7.3.1 Bargaining Power of Buyers
7.3.2 Bargaining Power of Suppliers
7.3.3 Intensity of Rivalry
7.3.4 Threat of New Entrants
7.3.5 Threat of Substitutes
Chapter 8. Policy and Regulatory Landscape
Chapter 9. Saudi Arabia Market Size and Forecast
9.1 Overview
9.2 Market Volume, by Component
9.2.1 Market Volume, by Fixture
9.2.2 Market Volume, by Control
9.3 Market Revenue, by Component
9.3.1 Market Revenue, by Fixture
9.3.2 Market Revenue, by Control
9.4 Market Revenue, by Technology
9.4.1 Market Revenue, by Wired Technology
9.4.2 Market Revenue, by Wireless Technology
9.5 Market Volume, by Application
9.6 Market Revenue, by Application
Chapter 10. Competitive Landscape
10.1 Company Share Analysis of Key Players
10.2 List of Market Players and Their Offerings
10.3 Competitive Analysis of Key Players
10.4 Strategic Developments in the Market
Chapter 11. Company Profiles
11.1 Al Nasser Group
11.1.1 Business Overview
11.1.2 Product and Service Offerings
11.2 LEDVANCE GmbH
11.2.1 Business Overview
11.2.2 Product and Service Offerings
11.3 Alfanar Group
11.3.1 Business Overview
11.3.2 Product and Service Offerings
11.4 NVC International Holdings Limited
11.4.1 Business Overview
11.4.2 Product and Service Offerings
11.4.3 Key Financial Summary
11.5 OPPLE Lighting Co. Ltd.
11.5.1 Business Overview
11.5.2 Product and Service Offerings
11.6 CINMAR Lighting Systems
11.6.1 Business Overview
11.6.2 Product and Service Offerings
11.7 Huda Lighting
11.7.1 Business Overview
11.7.2 Product and Service Offerings
11.8 Al AbdulKarim Holding
11.8.1 Business Overview
11.8.2 Product and Service Offerings
11.9 Zumtobel Group AG
11.9.1 Business Overview
11.9.2 Product and Service Offerings
11.9.3 Key Financial Summary
11.10 Signify N.V.
11.10.1 Business Overview
11.10.2 Product and Service Offerings
11.10.3 Key Financial Summary
11.11 TRILUX GmbH & Co. KG
11.11.1 Business Overview
11.11.2 Product and Service Offerings
11.12 National Lighting Company
11.12.1 Business Overview
11.12.2 Product and Service Offerings
Chapter 12. Appendix
12.1 Abbreviations
12.2 Sources and References
12.3 Related Reports
LIST OF TABLES
TABLE 1 ANALYSIS PERIOD OF THE STUDY
TABLE 2 ONGOING AND UPCOMING MEGAPROJECTS IN SAUDI ARABIA
TABLE 3 EFFICIENCY COMPARISION OF DIFFERENT LIGHTING FIXTURES
TABLE 4 UPCOMING MEGA PROJECTS IN SAUDI ARABIA
TABLE 5 DRIVERS FOR THE MARKET: IMPACT ANALYSIS
TABLE 6 RESTRAINTS FOR THE MARKET: IMPACT ANALYSIS
TABLE 7 LUMINOUS FLUX AS PER THE STANDARDS
TABLE 8 SAUDI ARABIA LIGHTING MARKET SNAPSHOT
TABLE 9 SAUDI ARABIA LIGHTING MARKET, BY COMPONENT, MILLION UNITS (2015–2020)
TABLE 10 SAUDI ARABIA LIGHTING MARKET, BY COMPONENT, MILLION UNITS (2021–2030)
TABLE 11 SAUDI ARABIA LIGHTING FIXTURE MARKET, BY TYPE, MILLION UNITS (2015–2020)
TABLE 12 SAUDI ARABIA LIGHTING FIXTURE MARKET, BY TYPE, MILLION UNITS (2021–2030)
TABLE 13 SAUDI ARABIA LIGHTING CONTROL MARKET, BY TYPE, MILLION UNITS (2015–2020)
TABLE 14 SAUDI ARABIA LIGHTING CONTROL MARKET, BY TYPE, MILLION UNITS (2021–2030)
TABLE 15 SAUDI ARABIA LIGHTING MARKET, BY COMPONENT, $M (2015–2020)
TABLE 16 SAUDI ARABIA LIGHTING MARKET, BY COMPONENT, $M (2021–2030)
TABLE 17 SAUDI ARABIA LIGHTING FIXTURE MARKET, BY TYPE, $M (2015–2020)
TABLE 18 SAUDI ARABIA LIGHTING FIXTURE MARKET, BY TYPE, $M (2021–2030)
TABLE 19 SAUDI ARABIA LIGHTING CONTROL MARKET, BY TYPE, $M (2015–2020)
TABLE 20 SAUDI ARABIA LIGHTING CONTROL MARKET, BY TYPE, $M (2021–2030)
TABLE 21 SAUDI ARABIA LIGHTING MARKET, BY TECHNOLOGY, $M (2015–2020)
TABLE 22 SAUDI ARABIA LIGHTING MARKET, BY TECHNOLOGY, $M (2021–2030)
TABLE 23 SAUDI ARABIA WIRED TECHNOLOGY LIGHTING MARKET, BY TYPE, $M (2015–2020)
TABLE 24 SAUDI ARABIA WIRED TECHNOLOGY LIGHTING MARKET, BY TYPE, $M (2021–2030)
TABLE 25 SAUDI ARABIA WIRELESS TECHNOLOGY LIGHTING MARKET, BY TYPE, $M (2015–2020)
TABLE 26 SAUDI ARABIA WIRELESS TECHNOLOGY LIGHTING MARKET, BY TYPE, $M (2021–2030)
TABLE 27 SAUDI ARABIA LIGHTING MARKET, BY APPLICATION, MILLION UNITS (2015–2020)
TABLE 28 SAUDI ARABIA LIGHTING MARKET, BY APPLICATION, MILLION UNITS (2021–2030)
TABLE 29 SAUDI ARABIA LIGHTING MARKET, BY APPLICATION, $M (2015–2020)
TABLE 30 SAUDI ARABIA LIGHTING MARKET, BY APPLICATION, $M (2021–2030)
TABLE 31 LIST OF MARKET PLAYERS AND THEIR OFFERINGS
TABLE 32 COMPETITIVE ANAYSIS OF KEY PLAYERS
TABLE 33 AL NASSER GROUP – AT A GLANCE
TABLE 34 LEDVANCE GMBH – AT A GLANCE
TABLE 35 ALFANAR GROUP – AT A GLANCE
TABLE 36 NVC INTERNATIONAL HOLDINGS LIMITED – AT A GLANCE
TABLE 37 NVC INTERNATIONAL HOLDINGS LIMITED – KEY FINANCIAL SUMMARY
TABLE 38 OPPLE LIGHTING CO. LTD. – AT A GLANCE
TABLE 39 CINMAR LIGHTING SYSTEMS – AT A GLANCE
TABLE 40 HUDA LIGHTING – AT A GLANCE
TABLE 41 AL ABDULKARIM HOLDING – AT A GLANCE
TABLE 42 ZUMTOBEL GROUP AG – AT A GLANCE
TABLE 43 ZUMTOBEL GROUP AG – KEY FINANCIAL SUMMARY
TABLE 44 SIGNIFY N.V. – AT A GLANCE
TABLE 45 SIGNIFY N.V. – KEY FINANCIAL SUMMARY
TABLE 46 TRILUX GMBH & CO. KG – AT A GLANCE
TABLE 47 NATIONAL LIGHTING COMPANY – AT A GLANCELIST OF FIGURES
FIG 1 MARKET SIZE BREAKDOWN BY SEGMENT
FIG 2 RESEARCH METHODOLOGY
FIG 3 BREAKDOWN OF PRIMARY RESEARCH, BY INDUSTRY PARTICIPANT
FIG 4 BREAKDOWN OF PRIMARY RESEARCH, BY DESIGNATION
FIG 5 BREAKDOWN OF PRIMARY RESEARCH, BY COMPANY TYPE
FIG 6 TOP-DOWN AND BOTTOM-UP APPROACHES
FIG 7 DATA TRIANGULATION APPROACH
FIG 8 SAUDI ARABIA LIGHTING MARKET SUMMARY
FIG 9 VOICE OF INDUSTRY EXPERTS/KOLS
FIG 10 SAUDI ARABIA: GDP GROWTH AND FORECAST
FIG 11 SMART HOME PENETRATION IN SAUDI ARABIA
FIG 12 SMART RESIDENTIAL TECHNOLOGY PENETRATION
FIG 13 LED BULB PRICE TREND, 2010–2020
FIG 14 IMAPCT OF COVID-19 ON SAUDI ARABIA LIGHTING MARKET AND RECOVERY PERIOD
FIG 15 BARGAINING POWER OF BUYERS
FIG 16 BARGAINING POWER OF SUPPLIERS
FIG 17 INTENSITY OF RIVALRY
FIG 18 THREAT OF NEW ENTRANTS
FIG 19 THREAT OF SUBSTITUTES
FIG 20 SAUDI ARABIA LIGHTING MARKET, BY COMPONENT, MILLION UNITS (2015–2030)
FIG 21 SAUDI ARABIA LIGHTING FIXTURE MARKET, BY TYPE, MILLION UNITS (2015–2030)
FIG 22 SAUDI ARABIA LIGHTING CONTROL MARKET, BY TYPE, MILLION UNITS (2015–2030)
FIG 23 SAUDI ARABIA LIGHTING MARKET, BY COMPONENT, $M (2015–2030)
FIG 24 SAUDI ARABIA LIGHTING FIXTURE MARKET, BY TYPE, $M (2015–2030)
FIG 25 SAUDI ARABIA LIGHTING CONTROL MARKET, BY TYPE, $M (2015–2030)
FIG 26 SAUDI ARABIA LIGHTING MARKET, BY TECHNOLOGY, $M (2015–2030)
FIG 27 SAUDI ARABIA WIRED TECHNOLOGY LIGHTING MARKET, BY TYPE, $M (2015–2030)
FIG 28 SAUDI ARABIA WIRELESS TECHNOLOGY LIGHTING MARKET, BY TYPE, $M (2015–2030)
FIG 29 SAUDI ARABIA LIGHTING MARKET, BY APPLICATION, MILLION UNITS (2015–2030)
FIG 30 SAUDI ARABIA LIGHTING MARKET, BY APPLICATION, $M (2015–2030)
FIG 31 SAUDI ARABIA LIGHTING MARKET SHARE OF KEY PLAYERS (2020)
FIG 32 NVC INTERNATIONAL HOLDINGS LIMITED – REVENUE SPLIT BY SEGMENT AND GEOGRAPHY (2020)
FIG 33 ZUMTOBEL GROUP AG – REVENUE SPLIT BY SEGMENT AND GEOGRAPHY (2020)
FIG 34 SIGNIFY N.V. – REVENUE SPLIT BY SEGMENT AND GEOGRAPHY (2020)
Companies Mentioned
- Al Nasser Group
- LEDVANCE GmbH
- Alfanar Group
- NVC International Holdings Limited
- OPPLE Lighting Co. Ltd.
- CINMAR Lighting Systems
- Huda Lighting
- Al AbdulKarim Holding
- Zumtobel Group AG
- Signify N.V.
- TRILUX GmbH & Co. KG
- National Lighting Company
Methodology
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