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Saudi Arabian Lighting Market to Surpass $3,577 Million by 2030, says P&S IntelligenceNEW YORK, Oct. 12, 2021 /PRNewswire/ -- The Saudi Arabian lighting market value is expected to rise from $1,350.0 million in 2020 to $3,577.0 million by 2030, exhibiting a CAGR of 10.2% from 2020 to 2030. The major factors fueling the expansion of the market are the surging use of LEDs, soaring popularity of smart homes, and launch of smart city projects. ![]() Electricity consumption is expected to rise by over 50% in Saudi Arabia in the next two decades, thus massively pushing up the demand for energy-efficient lights. As per the International Energy Agency (IEA), smart lighting systems can reduce energy consumption by 35%. Moreover, as conventional lights account for around 5% of the greenhouse gas emissions, the growing adoption of LEDs is propelling the Saudi Arabian lighting market. Get the sample pages of this report at: https://www.psmarketresearch.com/market-analysis/saudi-arabia-lighting-market/report-sample Key Findings of Saudi Arabia Lighting Market Report
The COVID-19 pandemic caused a sharp fall in the growth rate of the Saudi Arabian lighting market, with many manufacturing facilities and logistics organizations complaining of operational disruptions owing to the imposition of lockdowns and restrictions on the movement of people and goods. In addition, many industrial and commercial projects were postponed, thereby driving down the lighting demand. Al Nasser Group, NVC International Holdings Limited, Huda Lighting, LEDVANCE GmbH, Al AbdulKarim Holding, Signify N.V., National Lighting Company, Alfanar Group, Zumtobel Group AG, OPPLE Lighting Co. Ltd., TRILUX GmbH & Co. KG, and CINMAR Lighting Systems are some of the major players in the Saudi Arabian lighting market. Saudi Arabian Lighting Market Report Coverage Component
Technology
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Browse Related Reports LED Lighting Market Outlook - Asia-Pacific (APAC) region deployed the largest number of LED lights in the recent past, owing to the deep penetration of LED lighting systems in the residential sectors of India, South Korea, and China. About P&S Intelligence P&S Intelligence is a provider of market research and consulting services catering to the market information needs of burgeoning industries across the world. Providing the plinth of market intelligence, P&S as an enterprising research and consulting company, believes in providing thorough landscape analyses on the ever-changing market scenario, to empower companies to make informed decisions and base their business strategies with astuteness. Contact: ![]() |