LED lights arethe latest technology in energy-efficient lighting. In LED lights, LED standsfor “Light Emitting Diode” which is a type of semiconductor device that has thecapability of emitting light by the passage of electric current through it,that is it converts electricity into light and is opposite of a photovoltaiccell which converts visible light into electric current. The life span of LEDlights is long and have the potential to reduce the consumption of energy alongwith reducing greenhouse gas emissions.
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Saudi Arabia is a middle eastern country thatis in present at a growing stage. Rising government initiatives for thestandards of lighting by replacing the traditional light sources with LEDlights mainly focusing on the street lights and growth in the end-userindustries are some factors leading to the demand for LED lighting in themarket during the forecast period. In addition, increasing investments for thedevelopment of public and private infrastructure along with the development ofsmart cities are some factors propelling the growth of Saudi Arabia LEDlighting market. The shortage of electricity in summers andreducing subsidies on electricity prices is driving the growth of the market.The necessity and repetition for the certification and label testing regularly inevery two years are a factor responsible for restraining the growth of theSaudi Arabia LED lighting market.
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Various notable players operating in Saudi Arabia LED lighting market includeGeneral Electric Company, Philips Lighting Saudi Arabia Company, CooperLighting, Al Nasser Group, Osram, Zumtobel Lighting Saudi Arabia, Alfanar,Cinmar Lighting Systems, Zubair Electric Group, Huda Lighting, and AlAbdulKarim Trading Company among others.
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Saudi Arabia LED lighting market hasbeen segmented on the basis of installation type, end-use application, andproduct type. The installation type segment market is segmented into NewInstallation and Retrofit. Based on end-use application, the market issegmented into Indoor Lighting and Outdoor Lighting. Indoor lighting is furthersegmented into Residential, Industrial, Commercial and Others. Outdoor lightingis further segmented into Architectural, Highway & Roadway, Public Placesand Others. The product type segment market is segmented into Luminaries andLamps.
Key questions answered in this research report:
· At what pace is Saudi Arabia LED lightingmarket growing? What will be the growth trend in the future?
· What are the key drivers and restraints in thecurrent market? What will be the impact of drivers and restraints in thefuture?
· What are the various application areas and howthey are poised to grow?
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