Saudi Arabia Lighting Market Report and Forecast 2024-2032

Saudi Arabia Lighting Market Outlook

The Saudi Arabia lighting market attained a value of  around  USD 1.19 billion in 2023. the market is expected to grow at a CAGR of 7.1% in the forecast period of 2024-2032 to attain a value of around USD 2.20 billion by 2032.

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Increasing Demand for LED Lighting to Propel the Lighting Industry Growth in Saudi Arabia

Lighting is in high demand in Saudi Arabia due to rising urbanisation and the real estate sector's rapid expansion. One of the main factors driving the Saudi Arabia lighting industry is the increasing demand for energy-efficient lighting systems as a result of rising environmental concerns and rapid industrialisation. The Saudi Arabian government is also emphasising the use of smart lighting systems in order to balance increasing energy demands and reduce operating costs, thus, boosting the country's smart lighting industry. LED lighting is the most in-demand segment.

The demand for LED lights is being driven by significant developments in public and private infrastructure, as well as government efforts to promote LED use. The Saudi Arabian government has introduced global energy quality regulations and raised tariffs on incandescent and compact fluorescent light imports in order to encourage LED lamps.

Lighting: Market Segmentation

The intentional use or arrangement of lights in a space, shopping complex, roadway, or other location to achieve functional or aesthetic results is known as lighting. The industry is flooded with various forms of artificial light sources, such as lamps and light fixtures, among others.

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The market is divided on the basis of lighting type into:

• LEDs
• CFLs
• Halogens
• Incandescent
• Others

In terms of end use, the market is segmented into:

• General 
• Automotive

Among these, the general segment is further divided based on sector into residential and non-residential.

The market is segregated based on distribution channel into:

• Supermarkets and Hypermarkets
• Convenience Stores
• Specialty Stores
• Online
• Others

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Favourable Government Policies and the Increasing Infrastructural Investments to Aid the Lighting Industry in Saudi Arabia

The various government policies aimed at constructing notable infrastructure would result in the construction of new smart cities in Saudi Arabia, which, in turn, is expected to boost the demand for lighting during the forecast period. For example, under Saudi Arabia Megaproject Vision 2030, the Saudi Arabian government is building smart lighting networks for various municipalities, including the Makkah and Riyadh Metro systems, as well as the expansion of the King Abdulaziz International Airport in the coming years. The transition is being driven by the increasing focus on energy conservation and the need to reduce unnecessary electricity consumption. Furthermore, the industry growth is being fuelled by the increasing LED penetration, lower illumination kit costs, and technological developments such as dynamic lighting, customisable white light, and wireless control systems. Furthermore, street lighting control schemes, as well as intelligent street lighting and integrated lighting technologies that use remote tracking, are being tested. In addition, increased use of the Internet of Things, indoor lighting automation, "Li-fi," and Lighting-as-a-Service are expected to propel the Saudi Arabia lighting industry in the coming years.

Key Industry Players in the Saudi Arabia Lighting Market

The report gives a detailed analysis of the following key players in the Saudi Arabia lighting market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:

• Signify Holding
• Al Nasser Group
• National Lighting Company
• HEBA Lighting
• Others

The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.

Key Highlights of the Report