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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. Looking forward, IMARC Group expects the market to reach a value of SAR 8,907 Million by 2026. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end-use sectors. These insights are included in the report as a major market contributor.

A light emitting diode, or LED, is a cost- and energy-efficient solution that offers broader applicability as compared to traditional lighting options. LED-based lights have a longer lifespan and considerable potential to reduce overall electricity consumption and the associated greenhouse gas emissions. As a result, they are rapidly replacing conventional bulbs, including incandescent and fluorescent. At present, these lights are available in various colors, which are produced by using four main types of semiconductor materials – Aluminum gallium indium phosphide (AlGaInP), Gallium phosphide (GaP), Indium gallium nitride (InGaN), and Aluminum gallium arsenide (AlGaAs). These lighting systems have gained immense popularity in Saudi Arabia due to infrastructural development, growing urbanization rates and increasing concerns over greenhouse gas emissions.

Saudi Arabia LED Lights Market

Saudi Arabia LED Lights Market Trends:

Over the past few years, companies in Saudi Arabia have started introducing and implementing energy-efficient practices for promoting sustainability in the country. For example, the Saudi Arabia-based national petroleum and natural gas company, Saudi Amarco, aims to reduce energy consumption by nearly 35% in its transportation, buildings and communities by 2020. The firm recently replaced approximately sixty-thousand fluorescent lights with more efficient LED lights across its offices and facilities. By 2020, the Government of Saudi Arabia is also planning to decrease energy subsidies to boost energy efficiency as the unavailability of subsidies will lead to higher costs of electricity for businesses and consumers. This initiative is projected to accelerate the overall demand for energy-efficient technologies, products and services, like LED lights. Moreover, a rise in the urbanization rates has significantly increased the number of smart city projects across the country. According to Vision 2030, the national development plan of the Government, three cities in Saudi Arabia will be developed as smart cities. This is further providing a boost to the demand for high-quality LED lighting systems. 

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of  the Saudi Arabia LED lights market report, along with forecasts for growth from 2021-2026. Our report has categorized the market based on product type, application, and import and domestic manufacturing.

Breakup by Product Type:

  • LED Panel
  • LED Downlights
  • LED Street Light
  • Others


Based on the product type, LED panel currently accounts for the highest market share.

Breakup by Application:

  • Commercial
  • Industrial
  • Residential
  • Others


Based on the application, commercial segment currently accounts for the highest market share.

Breakup by Import and Domestic Manufacturing:

  • Import
  • Domestic Manufacturing


Import currently dominates this segment.

Report Coverages:

Report Features Details
Base Year of the Analysis 2020
Historical Period 2015-2020
Forecast Period 2021-2026
Units SAR Million
Segment Coverage Product Type, Application, Import and Domestic Manufacturing
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 2499
Five User License: US$ 2999
Corporate License: US$ 3499
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

1   Preface
2   Scope and Methodology

    2.1 Objectives of the Study
    2.2 Stakeholders
    2.3 Data Sources
        2.3.1 Primary Sources
        2.3.2 Secondary Sources
    2.4 Market Estimation
        2.4.1 Bottom-Up Approach
        2.4.2 Top-Down Approach
    2.5 Forecasting Methodology
3   Executive Summary
4   Introduction

    4.1 Overview
    4.2 Key Industry Trends
5   GCC LED Lighting Industry
    5.1 Market Overview
    5.2 Market Performance
    5.3 Market Breakup by Product Type
    5.4 Market Breakup by Application
    5.5 Market Breakup by Country
    5.6 Market Breakup by Import and Domestic Manufacturing
    5.7 Market Breakup by Public and Private Sectors
    5.8 Market Breakup by Indoor and Outdoor Applications
    5.9 Market Forecast
6   Saudi Arabia LED Lighting Industry
    6.1    Market Overview
    6.2    Market Performance
    6.3    Impact of COVID-19
    6.4    Market Breakup by Product Type
        6.4.1 LED Panel Lights
        6.4.2 LED Downlights
        6.4.3 LED Street Lights
        6.4.4 Others
    6.5    Market Breakup by Application
        6.5.1 Commercial
        6.5.2 Industrial
        6.5.3 Residential
        6.5.4 Others
    6.6    Market Breakup by Import and Domestic Manufacturing
        6.6.1 Import
        6.6.2 Domestic Manufacturing
    6.7    Market Forecast
    6.8    SWOT Analysis
        6.8.1 Overview
        6.8.2 Strengths
        6.8.3 Weaknesses
        6.8.4 Opportunities
        6.8.5 Threats
    6.9 Value Chain Analysis
        6.9.1 Primary Raw Material Suppliers
        6.9.2 LED Chip Manufacturers
        6.9.3 LED Package and Module Manufacturers
        6.9.4 Lighting/Electronic Products Manufacturers
        6.9.5 Product Distributors
        6.9.6 End Users
    6.10 Porter’s Five Forces Analysis
        6.10.1 Overview
        6.10.2 Bargaining Power of Suppliers
        6.10.3 Bargaining Power of Buyers
        6.10.4 Degree of Competition
        6.10.5 Threat of New Entrants
        6.10.6 Threat from Substitutes
    6.11 Key Market Drivers and Success Factors
    6.12 Comparative Analysis of CFL and LED
    6.13 Price Analysis
        6.13.1 Key Price Indicators
        6.13.2 Price Structure
7   LED Lights Manufacturing Process
    7.1    Panel Light
        7.1.1  Product Overview
        7.1.2  Manufacturing Process and Process Flow
        7.1.3  Raw Material Requirements
        7.1.4  Major Machinery Pictures
        7.1.5  Suppliers of Raw Materials and Delivery Time
    7.2    Downlight
        7.2.1  Product Overview
        7.2.2  Manufacturing Process and Process Flow
        7.2.3  Raw Material Requirements
        7.2.4  Major Machinery Pictures
        7.2.5  Suppliers of Raw Materials and Delivery Time
    7.3    Flood Light
        7.3.1  Product Overview
        7.3.2  Manufacturing Process and Process Flow
        7.3.3  Raw Material Requirements
        7.3.4  Major Machinery Pictures
        7.3.5  Suppliers of Raw Materials and Delivery Time
    7.4    Street Light
        7.4.1  Product Overview
        7.4.2  Manufacturing Process and Process Flow
        7.4.3  Raw Material Requirements
        7.4.4  Major Machinery Pictures
        7.4.5  Suppliers of Raw Materials and Delivery Time
    7.5    Tube Light
        7.5.1  Product Overview
        7.5.2  Manufacturing Process and Process Flow
        7.5.3  Raw Material Requirements
        7.5.4  Major Machinery Pictures
        7.5.5  Suppliers of Raw Materials and Delivery Time
    7.6    Bulb
        7.6.1  Product Overview
        7.6.2  Manufacturing Process and Process Flow
        7.6.3  Raw Material Requirements
        7.6.4  Major Machinery Pictures
        7.6.5  Suppliers of Raw Materials and Delivery Time
8   Project Details, Requirements and Costs Involved
    8.1    Land Requirements and Expenditures
    8.2    Construction Requirements and Expenditures
    8.3    Plant Machinery
    8.4    Raw Material Requirements and Expenditures
    8.5    Packaging Requirements and Expenditures
    8.6    Transportation Requirements and Expenditures
    8.7    Utility Requirements and Expenditures
    8.8    Manpower Requirements and Expenditures
    8.8    Other Capital Investments
9  Loans and Financial Assistance
10  Project Economics

    10.1    Capital Cost of the Project
    10.2    Techno-Economic Parameters
    10.3    Product Pricing and Margins Across Various Levels of the Supply Chain
    10.4    Taxation and Depreciation
    10.5    Income Projections
    10.6    Expenditure Projections
    10.7    Financial Analysis
    10.8    Profit Analysis
11    Competitive Landscape
    11.1    Market Structure
    11.2    Key Players
    11.3    Profiles of Key Players

List of Figures

Figure 1: Saudi Arabia: LED Lighting Market: Major Drivers and Challenges
Figure 2: GCC Region: LED Lighting Market: Sales Value (in SAR Million), 2015-2020
Figure 3: GCC Region: LED Lighting Market: Breakup by Product Type (in %), 2020
Figure 4: GCC Region: LED Lighting Market: Breakup by Application (in %), 2020
Figure 5: GCC Region: LED Lighting Market: Breakup by Country (in %), 2020
Figure 6: GCC Region: LED Lighting Market: Breakup by Imports vs. Domestic Manufacturing (in %), 2020
Figure 7: GCC Region: LED Lighting Market: Breakup by Private and Public Sector (in %), 2020
Figure 8: GCC Region: LED Lighting Market: Breakup by Indoor and Outdoor Applications (in %), 2020
Figure 9: GCC Region: LED Lighting Market Forecast: Sales Value (in SAR Million), 2021-2026
Figure 10: Saudi Arabia: LED Lighting Market: Sales Value (in SAR Million), 2015-2020
Figure 11: Saudi Arabia: LED Lighting Market: Breakup by Product Type (in %), 2020
Figure 12: Saudi Arabia: LED Lighting Market: Breakup by Application (in %), 2020
Figure 13: Saudi Arabia: LED Lighting Market: Breakup by Import and Domestic Manufacturing (in %), 2020
Figure 14: Saudi Arabia: LED Lighting Market Forecast: Sales Value (in SAR Million), 2021-2026
Figure 15: Saudi Arabia: LED Lighting (LED Panel) Market: Sales Value (in SAR Million), 2015 & 2020
Figure 16: Saudi Arabia: LED Lighting (LED Panel) Market Forecast: Sales Value (in SAR Million), 2021-2026
Figure 17: Saudi Arabia: LED Lighting (Downlights) Market: Sales Value (in SAR Million), 2015 & 2020
Figure 18: Saudi Arabia: LED Lighting (Downlights) Market Forecast: Sales Value (in SAR Million), 2021-2026
Figure 19: Saudi Arabia: LED Lighting (Street Lights) Market: Sales Value (in SAR Million), 2015 & 2020
Figure 20: Saudi Arabia: LED Lighting (Street Lights) Market Forecast: Sales Value (in SAR Million), 2021-2026
Figure 21: Saudi Arabia: LED Lighting (Others) Market: Sales Value (in SAR Million), 2015 & 2020
Figure 22: Saudi Arabia: LED Lighting (Others) Market Forecast: Sales Value (in SAR Million), 2021-2026
Figure 23: Saudi Arabia: LED Lighting (Commercial) Market: Sales Value (in SAR Million), 2015 & 2020
Figure 24: Saudi Arabia: LED Lighting (Commercial) Market Forecast: Sales Value (in SAR Million), 2021-2026
Figure 25: Saudi Arabia: LED Lighting (Industrial) Market: Sales Value (in SAR Million), 2015 & 2020
Figure 26: Saudi Arabia: LED Lighting (Industrial) Market Forecast: Sales Value (in SAR Million), 2021-2026
Figure 27: Saudi Arabia: LED Lighting (Residential) Market: Sales Value (in SAR Million), 2015 & 2020
Figure 28: Saudi Arabia: LED Lighting (Residential) Market Forecast: Sales Value (in SAR Million), 2021-2026
Figure 29: Saudi Arabia: LED Lighting (Others) Market: Sales Value (in SAR Million), 2015 & 2020
Figure 30: Saudi Arabia: LED Lighting (Others) Market Forecast: Sales Value (in SAR Million), 2021-2026
Figure 31: Saudi Arabia: LED Lighting (Imported) Market: Sales Value (in SAR Million), 2015 & 2020
Figure 32: Saudi Arabia: LED Lighting (Imported) Market Forecast: Sales Value (in SAR Million), 2021-2026
Figure 33: Saudi Arabia: LED Lighting (Domestically Manufactured) Market: Sales Value (in SAR Million), 2015 & 2020
Figure 34: Saudi Arabia: LED Lighting (Domestically Manufactured) Market Forecast: Sales Value (in SAR Million), 2021-2026
Figure 35: Saudi Arabia: LED Lighting Industry: SWOT Analysis
Figure 36: Saudi Arabia: LED Lighting Industry: Value Chain Analysis
Figure 37: Saudi Arabia: LED Lighting Industry: Porter’s Five Forces Analysis
Figure 38: Saudi: LED Lighting Market: Price Structure (SAR/Unit)
Figure 39: Panel Light Manufacturing: Various Types of Operation Involved
Figure 40: Panel Light Manufacturing: Conversion Rate of Products
Figure 41: Down Light Manufacturing: Various Types of Operation Involved
Figure 42: Down Light Manufacturing: Conversion Rate of Products
Figure 43: Flood Light Manufacturing: Various Types of Operation Involved
Figure 44: Flood Light Manufacturing: Conversion Rate of Products
Figure 45: Street Light Manufacturing: Various Types of Unit Operations Involved
Figure 46: Street Light Manufacturing: Conversion Rate of Products
Figure 47: Tube Light Manufacturing: Various Types of Units Operation Involved
Figure 48: Tube Light Manufacturing: Conversion Rate of Products
Figure 49: Bulb Manufacturing: Various Types of Operation Involved
Figure 50: Bulb Manufacturing: Conversion Rate of Products
Figure 51: LED Lights Manufacturing Plant: Breakup of Capital Costs (in %)
Figure 52: LED Lights Industry: Breakup of Profit Margins at Various Level of Value Chain
Figure 53: LED Lights Manufacturing Plant: Breakup of Manufacturing Costs (in %)
Figure 54: Saudi Arabia: LED Lighting Market: Breakup by Key Players (in %), 2020

List of Tables

Table 1: GCC: LED Lighting Market: Key Industry Highlights, 2020 and 2026
Table 2: Saudi Arabia: LED Lighting Market: Key Industry Highlights, 2020 and 2026
Table 3: Saudi Arabia: LED Lighting Market Forecast: Breakup by Product Type (in SAR Million), 2021-2026
Table 4: Saudi Arabia: LED Lighting Market Forecast: Breakup by Application (in SAR Million), 2021-2026
Table 5: Saudi Arabia: LED Lighting Market Forecast: Breakup by Import and Domestic Manufacturing (in SAR Million), 2021-2026
Table 6: Panel Light Manufacturing: Suppliers of Raw Materials and Delivery Timeline
Table 7: Down Light Manufacturing: Suppliers of Raw Materials and Delivery Timeline
Table 8: Flood Light Manufacturing: Suppliers of Raw Materials and Delivery Timeline
Table 9: Street Light Manufacturing: Suppliers of Raw Materials and Delivery Timeline
Table 10: Tube Light Manufacturing: Suppliers of Raw Materials and Delivery Timeline
Table 11: LED Lights Manufacturing Plant: Costs Related to Land and Site Development (in SAR)
Table 12: LED Lights Manufacturing Plant: Costs Related to Civil Works (in SAR)
Table 13: LED Lights Manufacturing Plant: Machinery Costs (in SAR)
Table 14: LED Lights Manufacturing Plant: Costs Related to Other Capital Investments (in SAR)
Table 15: LED Lights Manufacturing Plant: Raw Material Requirements (in Units/Day) and Expenditures (in SAR/Unit)
Table 16: LED Lights Manufacturing Plant: Outer Packaging Requirements and Expenditure
Table 17: LED Lights Manufacturing Plant: Inner Packaging Requirements and Expenditure
Table 18: LED Lights Manufacturing Plant: Transportation Expenditure (SAR/Unit of Light)
Table 19: LED Lights Manufacturing Plant: Costs Related to Utilities (in SAR)
Table 20: LED Lights Manufacturing Plant: Costs Related to Salaries and Wages (in SAR)
Table 21: LED Lights Manufacturing Plant: Techno-Economic Parameters
Table 22: LED Lights Manufacturing Plant: Income Projections (in SAR)
Table 23: LED Lights Manufacturing Plant: Expenditure Projections (in SAR)
Table 24: LED Lights Manufacturing Plant: Income Tax (in SAR/Year)
Table 25: LED Lights Manufacturing Plant: Depreciation (in SAR/Year)
Table 26: LED Lights Manufacturing Plant: Cash Flow Analysis Without Considering the Income Tax Liability (in SAR)
Table 27: LED Lights Manufacturing Plant: Cash Flow Analysis on Considering the Income Tax Liability (in SAR)
Table 28: LED Lights Manufacturing Plant: Profit and Loss Account (in SAR)
Table 29: Saudi Arabia: LED Lighting Market: Competitive Structure
Table 30: Saudi Arabia: LED Lighting Market: Key Players

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Key Question Answered in this Report

The Saudi Arabia LED Lights market size to reach a value of SAR 8,907 Million by 2026.

A significant rise in the utilization of electricity on account of the growing immigrant population and extreme climatic conditions is escalating the demand for energy-efficient lighting solutions. This represents one of the key drivers for the Saudi Arabia LED Lights market.

The increasing focus on energy conservation and the growing number of smart city projects are some of the key trends in the Saudi Arabia LED Lights market.

Sudden outbreak of the COVID-19 pandemic had led to the implementation of stringent lockdown regulations across the nation resulting in temporary closure of numerous manufacturing units and disruption of supply chains for electronic components.

On the basis of the product type, the market has been bifurcated into LED panel lights, LED downlights, LED street lights, and others. Currently, LED panel lights hold the majority of the total market share.

On the basis of the application, the market has been divided into commercial, industrial, residential, and others. Among these, the commercial sector represents the largest segment.

On the basis of the import and domestic manufacturing, the market has been divided into import and domestic manufacturing. Among these, import exhibits clear dominance in the market.

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