Saudi Arabia LED Lights Market Analysis, Size, Growth, Trends and Forecast 2018-2023

Bharat Book Bureau Provides the Trending Market Research Report on “Saudi Arabia LED Lights Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2018-2023” under Consumer Goods category. The report offers a collection of superior market research, market analysis, competitive intelligence and industry reports.

Light Emitting Diode (LED) is a semiconductor technology which is extensively being used for general lighting purposes globally. In Saudi Arabia, the market for LED lights has been expanding over the years owing to their various advantages. LED lights are more efficient and have a longer life span than traditional incandescent and compact fluorescent lights. Moreover, these lights are ecologically-friendly and reduce power consumption, thereby, saving the electricity costs. According to latest report titled, “Saudi Arabia LED Lights Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2018-2023”, the market reached a value of SAR 557.6 Million in 2017, growing at a CAGR of around 19% during 2010-2017.

The market for LED lights in Saudi Arabia is being driven by a number of favourable factors. Huge investments in the public and private infrastructure is the major driver for the market growth. Additionally, various measures are being taken by the Saudi Arabian government so as to encourage the use of LED lights. For instance, the adoption of the global energy-efficiency standards in the region coupled with the increased tariffs on the imports of incandescent and compact fluorescent lights are expected to stimulate the demand for LED lights in the region. Owing to these factors, the market is further projected to reach a value of around SAR 1,263 Million by 2023.

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The report has segmented the Saudi Arabia LED lights market on the basis of type covering panel lights, downlight, street lights and others. Currently, panel lights account for the largest market share in the Saudi Arabian region. The report has also segmented the market on the basis of application including commercial, residential, industrial and others. The report has further analysed the competitive landscape of the market with some of the key players being General Electric, Philips and Osram.

This report provides a deep insight into the Saudi Arabia LED lights industry covering all its essential aspects. This ranges from macro overview of the market to micro details of the industry performance, recent trends, key market drivers and challenges, SWOT analysis, Porter’s five forces analysis, value chain analysis, etc. The report also provides a comprehensive analysis for setting up a LED lights manufacturing plant. The study analyses the processing and manufacturing requirements, project cost, project funding, project economics, expected returns on investment, profit margins, etc. This report is a must-read for entrepreneurs, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the Saudi Arabia LED lights industry in any manner.

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 price trends of LED lights in Saudi Arabia?

-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?

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