Saudi Arabia LED Lighting Market
The GMI Research forecasts that Saudi Arabia LED Lighting Market is witnessing an upsurge in demand over the forecast period. This is mainly due to the continuous rise in the statistic of household establishments and development in commercial infrastructure.
Introduction of the Saudi Arabia LED Lighting Market:
LED lights are referred to as the contemporary technology in power-efficient lighting. LED stands for “Light Emitting Diode,” a semiconductor device with the potential of emitting light by the passage of electric current through it; that is, it transforms electricity into light and is the opposite of a photovoltaic cell which converts the visible light into electric current. The life span of LED lights is long and can reduce the consumption of energy and minimize greenhouse gas emissions.
Key Players of the Saudi Arabia LED Lighting Market:
- General Electric Company
- Osram
- Huda Lighting
- Philips Lighting Saudi Arabia Company
- Al Nasser Group
- Zumtobel Lighting Saudi Arabia
- Alfanar
- Cooper Lighting
- Cinmar Lighting Systems
- Zubair Electric Group
- AI AbdulKarim Trading Company.
Saudi Arabia LED Lighting Market Dynamics (including market size, share, trends, forecast, growth, forecast, and industry analysis)
Saudi Arabia, a Middle Eastern nation, is experiencing significant growth. The prominent drivers responsible for this expansion in growth rate include the augmenting investment for public and private infrastructure development, extensive acquisition of LED, fewer prices of illumination package, and technology trends including flexible white light, dynamic, and wireless solutions. In addition, the mounting initiatives for the lighting standards by replacing the conventional sources of light with LED primarily focusing on the street lights and enlargement of the end-user industries are further strengthening the LED Lighting market size. Furthermore, the growing implementation of the Internet of Things, indoor lighting automation, “Li-fi,” and Lighting-as-a-Service has paved the way for market growth. Moreover, other factors such as the enhancement of smart cities, scarcity of electricity during summers, and the decreasing subsidies further impel market growth. However, the requirement and repetition for the certification and label testing every two years may hamper the market growth.
Saudi Arabia LED Lighting Market Segmentation:
Segmentation by Installation Type
- New Installation
- Retrofit
Segmentation by End-Use Application
- Indoor Lighting
- Residential
- Industrial
- Commercial
- Others
- Outdoor Lighting
- Architectural
- Highway & Roadway
- Public Places
- Others
Segmentation by Product Type
- Luminaries
- Lamps
About GMI Research
GMI Research is a market research and consulting company that offers business sights and market research reports for every enterprise, including small & medium enterprises and large organizations. Our research team helps the clients to understand the impact of market dynamics such as market size, share, drivers, growth opportunities, and other aspects. We have a team of analysts and industry experts who conduct market intelligence studies to ensure relevant and fact-based research across a wide range of sectors such as FMCG, Technology, Energy, Healthcare, and other industries. We collect relevant information about the industry using both internal and external databases. Our main focus is to keep our clients abridged of the emerging opportunities and challenges in a wide range of industries. We provide step-by-step assistance to our client through strategic and consulting services to reach a managerial and actionable decision. Featured in the ‘Top 20 Most Promising Market Research Consultants’ list of Silicon India Magazine in 2018, we at GMI Research are always looking forward to helping businesses stay ahead of the curve.
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