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Saudi Arabia LED Lights Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2019-2024

The Saudi Arabia LED lights market reached a value of SAR 2,302 Million in 2018. 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.

LED Lighting Market in Saudi Arabia

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. Looking forward, IMARC Group expects the market to reach a value of SAR 6,392 Million by 2024, at a CAGR of 18.4% during 2019-2024.

Breakup by Product Type:

  • LED Panel Lights
  • LED Downlights
  • LED Street Lights
  • Others


LED panel lights are the most popular product type as they have flexible designs and can be suspended from ceilings and fitted in both walls and overhead cavities.

Breakup by Application:

  • Commercial
  • Industrial
  • Residential
  • Others


Currently, the majority of LED lights are used in the commercial sector, followed by industrial and residential sectors.

Breakup by Import and Domestic Manufacturing:

  • Import
  • Domestic Manufacturing


At present, imports exhibit a clear dominance in the market, followed by domestic manufacturing.

Competitive Landscape:

The report has also analyzed the competitive landscape of the market with some of the key players being Koninklijke Philips N.V., General Electric Company, and OSRAM Licht AG.

Key Questions Answered in This Report:

  • How has the Saudi Arabia LED lights market performed so far and how will it perform in the coming years?
  • What are the major application segments in the Saudi Arabia LED lights industry?
  • What are the key product types in the Saudi Arabia LED lights industry?
  • What is the breakup of the Saudi Arabia LED lights market on the basis of import and domestic manufacturing?
  • What are the various stages in the value chain of the Saudi Arabia LED lights industry?
  • What are the key driving factors and challenges in the Saudi Arabia LED lights industry?
  • What is the structure of the Saudi Arabia LED lights industry and who are the key players?
  • What is the degree of competition in the Saudi Arabia LED lights industry?
  • What are the profit margins in the Saudi Arabia LED lights industry?
  • What are the key requirements for setting up a LED lights manufacturing plant?
  • How are LED lights manufactured?
  • What are the various unit operations involved in a LED lights manufacturing plant?
  • What is the total size of land required for setting up a LED lights manufacturing plant?
  • What are the machinery requirements for setting up a LED lights manufacturing plant?
  • What are the raw material requirements for setting up a LED lights manufacturing plant?
  • What are the packaging requirements for LED lights?
  • What are the transportation requirements for LED lights?
  • What are the utility requirements for setting up a LED lights manufacturing plant?
  • What are the manpower requirements for setting up a LED lights manufacturing plant?
  • What are the infrastructure costs for setting up a LED lights manufacturing plant?
  • What are the capital costs for setting up a LED lights manufacturing plant?
  • What are the operating costs for setting up a LED lights manufacturing plant?
  • What will be the income and expenditures for a LED lights manufacturing plant?
  • What is the time required to break-even?

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    Market Breakup by Product Type
        6.3.1 LED Panel Lights
        6.3.2 LED Downlights
        6.3.3 LED Street Lights
        6.3.4 Others
    6.4    Market Breakup by Application
        6.4.1 Commercial
        6.4.2 Industrial
        6.4.3 Residential
        6.4.4 Others
    6.5    Market Breakup by Import and Domestic Manufacturing
        6.5.1 Import
        6.5.2 Domestic
    6.6    Market Forecast
    6.7    SWOT Analysis
        6.7.1   Overview
        6.7.2    Strengths
        6.7.3    Weaknesses
        6.7.4    Opportunities
        6.7.5    Threats
    6.8 Value Chain Analysis
        6.8.1     Primary Raw Material Suppliers
        6.8.2     LED Chip Manufacturers
        6.8.3     LED Package and Module Manufacturers
        6.8.4     Lighting/Electronic Products Manufacturers
        6.8.5     Product Distributors
        6.8.6     End Users
    6.9 Porter’s Five Forces Analysis
        6.9.1 Overview
        6.9.2 Bargaining Power of Suppliers
        6.9.3 Bargaining Power of Buyers
        6.9.4 Degree of Competition
        6.9.5 Threat of New Entrants
        6.9.6 Threat from Substitutes
    6.10 Key Market Drivers and Success Factors
    6.11 Comparative Analysis of CFL and LED
    6.12 Price Analysis
        6.12.1 Key Price Indicators
        6.12.2 Price Structure
7   Competitive Landscape
    7.1 Competitive Structure
    7.2 Market Breakup by Key Players
8   LED Lights Manufacturing Process
    8.1    Panel Light
        8.1.1    Product Overview
        8.1.2    Manufacturing Process and Process Flow
        8.1.3    Raw Material Requirements
        8.1.4    Major Machinery Pictures
        8.1.5    Suppliers of Raw Materials and Delivery Time
    8.2    Downlight
        8.2.1    Product Overview
        8.2.2    Manufacturing Process and Process Flow
        8.2.3    Raw Material Requirements
        8.2.4    Major Machinery Pictures
        8.2.5    Suppliers of Raw Materials and Delivery Time
    8.3    Flood Light
        8.3.1    Product Overview
        8.3.2    Manufacturing Process and Process Flow
        8.3.3    Raw Material Requirements
        8.3.4    Major Machinery Pictures
        8.3.5    Suppliers of Raw Materials and Delivery Time
    8.4    Street Light
        8.4.1    Product Overview
        8.4.2    Manufacturing Process and Process Flow
        8.4.3    Raw Material Requirements
        8.4.4    Major Machinery Pictures
        8.4.5    Suppliers of Raw Materials and Delivery Time
    8.5    Tube Light
        8.5.1    Product Overview
        8.5.2    Manufacturing Process and Process Flow
        8.5.3    Raw Material Requirements
        8.5.4    Major Machinery Pictures
        8.5.5    Suppliers of Raw Materials and Delivery Time
    8.6    Bulb
        8.6.1    Product Overview
        8.6.2    Manufacturing Process and Process Flow
        8.6.3    Raw Material Requirements
        8.6.4    Major Machinery Pictures
        8.6.5    Suppliers of Raw Materials and Delivery Time
9   Project Details, Requirements and Costs Involved
    9.1    Land Requirements and Expenditures
    9.2    Construction Requirements and Expenditures
    9.3    Plant Machinery
    9.4    Raw Material Requirements and Expenditures
    9.5    Packaging Requirements and Expenditures
    9.6    Transportation Requirements and Expenditures
    9.7    Utility Requirements and Expenditures
    9.8    Manpower Requirements and Expenditures
    9.9    Other Capital Investments
10  Loans and Financial Assistance
11  Project Economics

    11.1    Capital Cost of the Project
    11.2    Techno-Economic Parameters
    11.3    Product Pricing and Margins Across Various Levels of the Supply Chain
    11.4    Taxation and Depreciation
    11.5    Income Projections
    11.6    Expenditure Projections
    11.7    Financial Analysis
    11.8    Profit Analysis
12  Key Player Profiles

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), 2015-2018
Figure 3: GCC Region: LED Lighting Market: Breakup by Product Type (in %), 2018
Figure 4: GCC Region: LED Lighting Market: Breakup by Application (in %), 2018
Figure 5: GCC Region: LED Lighting Market: Breakup by Country (in %), 2018
Figure 6: GCC Region: LED Lighting Market: Breakup by Imports vs. Domestic Manufacturing (in %), 2018
Figure 7: GCC Region: LED Lighting Market: Breakup by Private and Public Sector (in %), 2018
Figure 8: GCC Region: LED Lighting Market: Breakup by Indoor and Outdoor Applications (in %), 2018
Figure 9: GCC Region: LED Lighting Market Forecast: Sales Value (in SAR Million), 2019-2024
Figure 10: Saudi Arabia: LED Lighting Market: Sales Value (in SAR Million), 2015-2018
Figure 11: Saudi: LED Lighting Market: Price Structure (SAR/Unit)
Figure 12: Saudi Arabia: LED Lighting Market: Breakup by Product Type (in %), 2018
Figure 13: Saudi Arabia: LED Lighting Market: Breakup by Application (in %), 2018
Figure 14: Saudi Arabia: LED Lighting Market: Breakup by Import and Domestic Manufacturing (in %), 2018
Figure 15: Saudi Arabia: LED Lighting Market: LED Panel Lights (in SAR Million), 2015, 2018 and 2024
Figure 16: Saudi Arabia: LED Lighting Market: LED Downlights (in SAR Million), 2015, 2018 and 2024
Figure 17: Saudi Arabia: LED Lighting Market: LED Street Lights (in SAR Million), 2015, 2018 and 2024
Figure 18: Saudi Arabia: LED Lighting Market: Other LED Lights (in SAR Million), 2015, 2018 and 2024
Figure 19: Saudi Arabia: LED Lighting Market: Commercial Applications (in SAR Million), 2015, 2018 and 2024
Figure 20: Saudi Arabia: LED Lighting Market: Industrial Applications (in SAR Million), 2015, 2018 and 2024
Figure 21: Saudi Arabia: LED Lighting Market: Residential Applications (in SAR Million), 2015, 2018 and 2024
Figure 22: Saudi Arabia: LED Lighting Market: Other Applications (in SAR Million), 2015, 2018 and 2024
Figure 23: Saudi Arabia: LED Lighting Market: Imported Products (in SAR Million), 2015, 2018 and 2024
Figure 24: Saudi Arabia: LED Lighting Market: Domestically Manufactured Products (in SAR Million), 2015, 2018 and 2024
Figure 25: Saudi Arabia: LED Lighting Market Forecast: Sales Value (in SAR Million), 2019-2024
Figure 26: Saudi Arabia: LED Lighting Industry: SWOT Analysis
Figure 27: Saudi Arabia: LED Lighting Industry: Value Chain Analysis
Figure 28: Saudi Arabia: LED Lighting Industry: Porter’s Five Forces Analysis
Figure 29: Saudi Arabia: LED Lighting Market: Breakup by Key Players (in %), 2018
Figure 30: Panel Light Manufacturing: Various Types of Operation Involved
Figure 31: Panel Light Manufacturing: Conversion Rate of Products
Figure 32: Down Light Manufacturing: Various Types of Operation Involved
Figure 33: Down Light Manufacturing: Conversion Rate of Products
Figure 34: Flood Light Manufacturing: Various Types of Operation Involved
Figure 35: Flood Light Manufacturing: Conversion Rate of Products
Figure 36: Street Light Manufacturing: Various Types of Unit Operations Involved
Figure 37: Street Light Manufacturing: Conversion Rate of Products
Figure 38: Tube Light Manufacturing: Various Types of Units Operation Involved
Figure 39: Tube Light Manufacturing: Conversion Rate of Products
Figure 40: Bulb Manufacturing: Various Types of Operation Involved
Figure 41: Bulb Manufacturing: Conversion Rate of Products
Figure 42: LED Lights Manufacturing Plant: Breakup of Capital Costs (in %)
Figure 43: LED Lights Industry: Breakup of Profit Margins at Various Level of Value Chain
Figure 44: LED Lights Manufacturing Plant: Breakup of Manufacturing Costs (in %)

List of Tables

Table 1: GCC LED Lighting Market: Key Industry Highlights, 2018 and 2024
Table 2: Saudi Arabia LED Lighting Market: Key Industry Highlights, 2018 and 2024
Table 3: Saudi Arabia: LED Lighting Market: Competitive Structure
Table 4: Saudi Arabia: LED Lighting Market: Key Players
Table 5: Panel Light Manufacturing: Suppliers of Raw Materials and Delivery Timeline
Table 6: Down Light Manufacturing: Suppliers of Raw Materials and Delivery Timeline
Table 7: Flood Light Manufacturing: Suppliers of Raw Materials and Delivery Timeline
Table 8: Street Light Manufacturing: Suppliers of Raw Materials and Delivery Timeline
Table 9: Tube Light Manufacturing: Suppliers of Raw Materials and Delivery Timeline
Table 10: Panel 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)

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