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The Saudi Arabia LED Lights market is expected 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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