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Saudi Arabian lighting market

the Saudi Arabian lighting market value to grow to $3,577.0 million by 2030 from $1,350.0 million in 2020, at a CAGR of 10.2% during this decade. Every kind of infrastructure, be it houses, hotels, offices, or factories, requires lights. However, with the increasing number of lighting fixtures, electricity consumption rises. As per the King Abdullah Petroleum Studies and Research Center (KAPSARC), the residential sector is the largest user of electricity in the kingdom, consuming 55,063,200 MWh in 2020.

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Saudi Arabian lighting market

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  1. 2022 Saudi Arabian lighting market value to growto $3,577.0 million by 2030 from $1,350.0 million in 2020

  2. In 2021, more than 4,500 construction projects worth over $850 billion were in the pipeline in Saudi Arabia. Many of them are being executed under the Saudi Vision2030,withwhichthekingdomaimstoreduceitsrelianceontheoilandgas industry by developing infrastructure in other sectors, such as manufacturing, education, residential, commercial, and tourism and hospitality. This is massively pushing up the demand for lighting products for interior and exterior functional and decorative purposes. As a result, P&S Intelligence expects the Saudi Arabian lighting marketvalue to grow to $3,577.0 million by 2030 from $1,350.0 million in 2020, at a CAGR of 10.2% during this decade. Every kind of infrastructure, be it houses, hotels, offices, or factories, requires lights. However, with the increasing number of lightingfixtures,electricityconsumptionrises.AspertheKingAbdullahPetroleum Studies and Research Center (KAPSARC), the residential sector is the largestuser of electricity in the kingdom, consuming 55,063,200 MWh in2020. Request for sample copy of this report: https://www.psmarketresearch.com/market-analysis/saudi-arabia-lighting- market/report-sample This high energy consumption is driving the increase in the focus on smarthomes and smart home appliances. Smart homes are designed to minimize their electricity usage via the integration of LED lights, which are, additionally, integrated with a range of sensors to monitor and control their operations. For instance, by sensing the amount of natural light available, smart LED lights can automaticallyturnonoroffandmodulatetheirintensitybysensinghumanactivity around them via motionsensors. LEDs are already known to be longer-lasting and energy-efficient as compared to halogen, high-intensity discharge, fluorescent (CFLs), and incandescent lights. According to the U.S. Department of Energy, LEDs are up to 75% more energy- efficient and 25% longer-lasting than conventional incandescent lights. This isthe reason that along with lighting fixtures, the integration of l sensors, microprocessors,wirelesstransmittersandreceivers,andremotecontrolfeatures into lights is increasing in the kingdom in residential, commercial, and industrial settings. The increasing construction of smart homes and the rising demand for lights as a result can all be traced to the growing urbanization in the kingdom. Already in 2020, over 84% of the Saudi population was living in urban areas, as per the World Bank. The people of cities have a better understanding of advanced technologies, and their basic requirements are also different than those in rural pockets. To accommodate the rising urban population, several mega construction projects,suchasKingSalmanPark,RedSeaProject,NEOMCity,andDiriyahGate, are underway in thekingdom.

  3. Browse full report at: https://www.psmarketresearch.com/market- analysis/saudi-arabia-lighting-market • LEDs are even penetrating the sports and entertainment sector of Saudi Arabia. In 2021, the season 7 opening race of Formula E, the DiriyahE-Prix, used low- energy-consumption LED lights. The usage of LEDs reduced the energy consumption during the race by 50%, in tune with Saudi’s own sustainability targetsithopestoachieveundertheVision2030.Akeyenablerofthedominance of LEDs on the Saudi Arabian lighting marketis their declining prices. The average selling price of 60W LED bulbs came down from over $20 in 2010 to less than $5 in 2020. • Therefore, as the Saudi government continues to develop infrastructure in an era characterized by the increasing energy consumption, the demand for LED lights will increase in thecountry. • Market Size Breakdown bySegment • ByComponent • Fixture • Compact fluorescent lamp(CFL) • Light-emitting diode(LED) • Organic-light emitting diode(OLED) • High-intensity discharge(HID) • Plasma • Control • Sensors • Microprocessors &controllers • Dimmers &switches • Wireless transmitters &receivers • Ballasts & LEDdrivers

  4. ByTechnology • Wired • Building automation control network(BACnet) • Digital addressable lighting interface(DALI) • Power line control(PLC) • ProprietaryControl • Others • Wireless • EnoCean • ZigBee • Bluetooth • Wi-Fi • Radio Frequency(RF) • Others • ByApplication • Residential • Commercial • Industrial • Outdoor • Automotive

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