• Phone: +1-631-791-1145
  • Email: sales@imarcgroup.com

*As the coronavirus disease (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the purchase behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.

Saudi Arabia LED Lights Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2020-2025

The Saudi Arabia LED lights market reached a value of SAR 2,744 Million in 2019. 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

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 7,514 Million by 2025, at a CAGR of 18% during 2020-2025.

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.

 

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 based on 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 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?
  • 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?

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   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), 2014-2019
Figure 3: GCC Region: LED Lighting Market: Breakup by Product Type (in %), 2019
Figure 4: GCC Region: LED Lighting Market: Breakup by Application (in %), 2019
Figure 5: GCC Region: LED Lighting Market: Breakup by Country (in %), 2019
Figure 6: GCC Region: LED Lighting Market: Breakup by Imports vs. Domestic Manufacturing (in %), 2019
Figure 7: GCC Region: LED Lighting Market: Breakup by Private and Public Sector (in %), 2019
Figure 8: GCC Region: LED Lighting Market: Breakup by Indoor and Outdoor Applications (in %), 2019
Figure 9: GCC Region: LED Lighting Market Forecast: Sales Value (in SAR Million), 2020-2025
Figure 10: Saudi Arabia: LED Lighting Market: Sales Value (in SAR Million), 2014-2019
Figure 11: Saudi Arabia: LED Lighting Market: Breakup by Product Type (in %), 2019
Figure 12: Saudi Arabia: LED Lighting Market: Breakup by Application (in %), 2019
Figure 13: Saudi Arabia: LED Lighting Market: Breakup by Import and Domestic Manufacturing (in %), 2019
Figure 14: Saudi Arabia: LED Lighting Market Forecast: Sales Value (in SAR Million), 2020-2025
Figure 15: Saudi Arabia: LED Lighting (LED Panel) Market: Sales Value (in SAR Million), 2014 & 2019
Figure 15: Saudi Arabia: LED Lighting (LED Panel) Market Forecast: Sales Value (in SAR Million), 2020-2025
Figure 16: Saudi Arabia: LED Lighting (Downlights) Market: Sales Value (in SAR Million), 2014 & 2019
Figure 17: Saudi Arabia: LED Lighting (Downlights) Market Forecast: Sales Value (in SAR Million), 2020-2025
Figure 18: Saudi Arabia: LED Lighting (Street Lights) Market: Sales Value (in SAR Million), 2014 & 2019
Figure 19: Saudi Arabia: LED Lighting (Street Lights) Market Forecast: Sales Value (in SAR Million), 2020-2025
Figure 20: Saudi Arabia: LED Lighting (Other) Market: Sales Value (in SAR Million), 2014 & 2019
Figure 21: Saudi Arabia: LED Lighting (Other) Market Forecast: Sales Value (in SAR Million), 2020-2025
Figure 22: Saudi Arabia: LED Lighting (Commercial) Market: Sales Value (in SAR Million), 2014 & 2019
Figure 23: Saudi Arabia: LED Lighting (Commercial) Market Forecast: Sales Value (in SAR Million), 2020-2025
Figure 24: Saudi Arabia: LED Lighting (Industrial) Market: Sales Value (in SAR Million), 2014 & 2019
Figure 25: Saudi Arabia: LED Lighting (Industrial) Market Forecast: Sales Value (in SAR Million), 2020-2025
Figure 26: Saudi Arabia: LED Lighting (Residential) Market: Sales Value (in SAR Million), 2014 & 2019
Figure 27: Saudi Arabia: LED Lighting (Residential) Market Forecast: Sales Value (in SAR Million), 2020-2025
Figure 28: Saudi Arabia: LED Lighting (Other) Market: Sales Value (in SAR Million), 2014 & 2019
Figure 29: Saudi Arabia: LED Lighting (Other) Market Forecast: Sales Value (in SAR Million), 2020-2025
Figure 30: Saudi Arabia: LED Lighting (Imported) Market: Sales Value (in SAR Million), 2014 & 2019
Figure 31: Saudi Arabia: LED Lighting (Imported) Market Forecast: Sales Value (in SAR Million), 2020-2025
Figure 32: Saudi Arabia: LED Lighting (Domestically Manufactured) Market: Sales Value (in SAR Million), 2014 & 2019
Figure 33: Saudi Arabia: LED Lighting (Domestically Manufactured) Market Forecast: Sales Value (in SAR Million), 2020-2025
Figure 34: Saudi Arabia: LED Lighting Industry: SWOT Analysis
Figure 35: Saudi Arabia: LED Lighting Industry: Value Chain Analysis
Figure 36: Saudi Arabia: LED Lighting Industry: Porter’s Five Forces Analysis
Figure 37: Saudi: LED Lighting Market: Price Structure (SAR/Unit)
Figure 38: Panel Light Manufacturing: Various Types of Operation Involved
Figure 39: Panel Light Manufacturing: Conversion Rate of Products
Figure 40: Down Light Manufacturing: Various Types of Operation Involved
Figure 41: Down Light Manufacturing: Conversion Rate of Products
Figure 42: Flood Light Manufacturing: Various Types of Operation Involved
Figure 43: Flood Light Manufacturing: Conversion Rate of Products
Figure 44: Street Light Manufacturing: Various Types of Unit Operations Involved
Figure 45: Street Light Manufacturing: Conversion Rate of Products
Figure 46: Tube Light Manufacturing: Various Types of Units Operation Involved
Figure 47: Tube Light Manufacturing: Conversion Rate of Products
Figure 48: Bulb Manufacturing: Various Types of Operation Involved
Figure 49: Bulb Manufacturing: Conversion Rate of Products
Figure 50: LED Lights Manufacturing Plant: Breakup of Capital Costs (in %)
Figure 51: LED Lights Industry: Breakup of Profit Margins at Various Level of Value Chain
Figure 52: LED Lights Manufacturing Plant: Breakup of Manufacturing Costs (in %)
Figure 53: Saudi Arabia: LED Lighting Market: Breakup by Key Players (in %), 2019

List of Tables
Table 1: GCC LED Lighting Market: Key Industry Highlights, 2019 and 2025
Table 2: Saudi Arabia LED Lighting Market: Key Industry Highlights, 2019 and 2025
Table 3: Panel Light Manufacturing: Suppliers of Raw Materials and Delivery Timeline
Table 4: Down Light Manufacturing: Suppliers of Raw Materials and Delivery Timeline
Table 5: Flood Light Manufacturing: Suppliers of Raw Materials and Delivery Timeline
Table 6: Street Light Manufacturing: Suppliers of Raw Materials and Delivery Timeline
Table 7: Tube Light Manufacturing: Suppliers of Raw Materials and Delivery Timeline
Table 8: LED Lights Manufacturing Plant: Costs Related to Land and Site Development (in SAR)
Table 9: LED Lights Manufacturing Plant: Costs Related to Civil Works (in SAR)
Table 10: LED Lights Manufacturing Plant: Machinery Costs (in SAR)
Table 11: LED Lights Manufacturing Plant: Costs Related to Other Capital Investments (in SAR)
Table 12: LED Lights Manufacturing Plant: Raw Material Requirements (in Units/Day) and Expenditures (in SAR/Unit)
Table 13: LED Lights Manufacturing Plant: Outer Packaging Requirements and Expenditure
Table 14: LED Lights Manufacturing Plant: Inner Packaging Requirements and Expenditure
Table 15: LED Lights Manufacturing Plant: Transportation Expenditure (SAR/Unit of Light)
Table 16: LED Lights Manufacturing Plant: Costs Related to Utilities (in SAR)
Table 17: LED Lights Manufacturing Plant: Costs Related to Salaries and Wages (in SAR)
Table 18: LED Lights Manufacturing Plant: Techno-Economic Parameters
Table 19: LED Lights Manufacturing Plant: Income Projections (in SAR)
Table 20: LED Lights Manufacturing Plant: Expenditure Projections (in SAR)
Table 21: LED Lights Manufacturing Plant: Income Tax (in SAR/Year)
Table 22: LED Lights Manufacturing Plant: Depreciation (in SAR/Year)
Table 23: LED Lights Manufacturing Plant: Cash Flow Analysis Without Considering the Income Tax Liability (in SAR)
Table 24: LED Lights Manufacturing Plant: Cash Flow Analysis on Considering the Income Tax Liability (in SAR)
Table 25: LED Lights Manufacturing Plant: Profit and Loss Account (in SAR)
Table 26: Saudi Arabia: LED Lighting Market: Competitive Structure
Table 27: Saudi Arabia: LED Lighting Market: Key Players

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