The latest report by IMARC group titled, “Saudi Arabia LED Lights Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2018-2023”, finds that the Saudi Arabia LED lights market reached a value of SAR 2,302 Million in 2018, growing at a CAGR of 22.3% during 2015-2018. This enormous growth in the sales of LED lights can be attributed to the increasing awareness about their benefits and huge infrastructural investments in the region. LED lights are more energy- and cost-efficient than the conventional lighting products with significantly longer lifespan. As a result of this, they reduce electricity consumption and are rapidly replacing incandescent and fluorescent lights, especially in the residential and commercial sectors.
Report Overview: https://www.imarcgroup.com/saudi-arabia-led-lights-market
Highlights of the Saudi Arabia LED Lights Market:
Awareness about the benefits of LED lights over other lighting sources are driving their penetration in the country.
Government’s endorsement of sustainable development in the region is acting as a major catalyst for the market growth.
Panel lights are the most popular type of LED lights in Saudi Arabia.
Get a free sample for this market study here: https://www.imarcgroup.com/request?type=report&id=807&flag=B
The report by IMARC Group has examined the Saudi Arabia LED Lights market on the basis of:
Product Type:
Panel Lights
Street lights
Downlights
Others
Application:
Industrial
Commercial
Residential
Others
Key Players:
Philips
General electric
Osram
Browse similar reports by IMARC Group
Saudi Arabia Smart Lighting Market Report, Trends and Forecast: https://www.imarcgroup.com/saudi-arabia-smart-lighting-market
Global LED Lighting Market Report, Trends and Forecast: https://www.imarcgroup.com/led-manufacturing-plant
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