DUBLIN--(BUSINESS WIRE)--The "Saudi Arabia LED Lights Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2017-2022" report has been added to ResearchAndMarkets.com's offering.
The Saudi Arabian LED lights market reached a value of SAR 469 Million in 2016, growing at a CAGR of around 19% during 2009-2016.
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 1,116 Million by 2022.
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.
Key Topics Covered:
2 Scope and Methodology
3 Executive Summary
5 GCC LED Lighting Industry
6 Saudi Arabia LED Lighting Industry
7 Competitive Landscape
8 LED Lights Manufacturing Process
9 Project Details, Requirements and Costs Involved
10 Loans and Financial Assistance
11 Project Economics
12 Key Player Profiles
For more information about this report visit https://www.researchandmarkets.com/research/kpmf44/saudi_arabia_led?w=4