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Report Overview
The Saudi Arabia LED light market value reached around SAR 5243.52 Million in 2023. due to the promotion of LED lights by Saudi government. Initiatives such as the replacement of all streetlights with energy-efficient LEDs aim to reduce electricity consumption by 70-75%, significantly contributing to the Kingdom's goal of producing 50% renewable electricity by 2030. Rapid infrastructure development, with around 4,700 construction projects valued at approximately USD 852.3 billion, are also driving demand for advanced lighting solutions in both residential and commercial sectors. As a result, the industry is expected to grow at a CAGR of 17.20% during the forecast period of 2024-2032 to attain a value of SAR 21876.18 Million by 2032.
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
- Under Vision 2030, the Saudi government plans to construct 200 smart cities and automate 4,000 factories across the country. This ambitious initiative will support the adoption of LED lights in both public and private infrastructure projects, as energy-efficient lighting is a key component of smart city designs. The focus on automation in factories will also drive demand for LED lights that offer longer lifespans and lower maintenance costs compared to traditional lighting options.
- According to the National Energy Services Co., LED streetlamps can reduce power consumption by 75-80%, making them an attractive choice for municipalities looking to lower energy costs. This significant reduction in electricity usage enhances LED light demand in the market. The transition to LED streetlamps supports sustainability goals and improves public safety through better illumination.
- The Saudi Government and foreign investors have committed USD 500 billion to the Neom project, which aims to develop a futuristic city featuring tourist centers, sports and entertainment venues, ports, commercial areas, and smart towns. This massive infrastructure development is expected to significantly boost the demand for LED lighting solutions, as these projects will require advanced, energy-efficient lighting systems to enhance sustainability and reduce operational costs. For instance, the integration of smart LED technology in public spaces and buildings within Neom will not only improve energy efficiency but also contribute to the overall functionality of the city.
Saudi Arabia Led Light Market Report Snapshots
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
In 2023, the market reached an approximate value of SAR 5243.52 Million.
The market is assessed to grow at a CAGR of 17.20% between 2024 and 2032.
The growth of the market is driven by the energy-saving initiatives, rising Saudi population, rapid urbanisation, increased use of Internet of Things, and indoor lighting automation.
The growing initiatives by the government, supporting the installation of LED lights in public and private infrastructures and the development of smart cities, is a key trend for the market.
The different types of LED lights in the market are panel lights, down lights, flood lights, street lights, tube lights, and bulbs.
The LED lights find applications in residential, commercial, and industrial sectors, among others.
The major sectors can be divided between public and private.
The major players in the market are Al Nasser Group, Saudi LED Light, National Lighting Company, TECHNO LED LIGHTS, Inara Company Limited,, Nardeen Lighting Company LLC, Huda Lighting, Philips Saudi Lighting Company.
The market is estimated to witness healthy growth in the forecast period of 2024-2032 to reach a value of around SAR 21876.18 Million by 2032.
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United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61-448-061-727
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63-287-899-028, +63-967-048-3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84-865-399-124