#ledmarket

Global Vietnam Led Market Industry

According to a new report by Expert Market Research title, 'Global Vietnam Led Market Industry, Size, Share, Price, Analysis, Forecast & Report 2019-2024' the Vietnam LED lighting market reached a value of US$ 229 Million in 2018 and is further expected to reach US$ 461 Million by 2024.

Global Saudi Arabia LED Lights Market Size

According to a new report by EMR titled, ‘Global Saudi Arabia LED Lights Market Industry Size, Trends & Report 2019-2024’, the Saudi Arabian LED lights market attained USD 505 million in 2017 and is further projected to see a significant growth with a CAGR of 10% in the period 2019-2024.

The global LED lighting market size is expected to reach USD 108.99 billion by 2025, according to a new report by Grand View Research, Inc., and will register a CAGR of 14.4% during the forecast period. Continuous development of energy-saving capabilities, introduction of Standard Deviation Color Matching (SDCM) control, and longer lifespan compared to CFL lamps have accelerated demand for LED lamps at a global level. Introduction of smart/connected lighting and its multiple uses in residential, commercial, and industrial sectors has also spurred market growth.

Next-generation lighting has become a substitute for incandescent bulbs due to its benefits such as higher efficiency, low cost of operation, and reduced heat losses. Technological advancements, shift from conventional to green lighting, enhanced energy efficiency standards, and declining prices have also spurred demand. Moreover, strict regulatory policies across U.S., European Union, China, and Canada regarding conventional lighting and energy consumption are anticipated to favor market demand over the coming years. Corresponding ratings and design standards categorizing energy efficiency are also finding prevalence across economies such as Japan and China.

The indoor LED lighting segment held the largest share in 2016 and is anticipated to register a comparatively lower growth rate from 2017 to 2025. High adoption of light emitting diodes as an alternative to florescent, HID, and incandescent lightings has paved the way for indoor lighting on a large scale.

To request a sample copy or view summary of this report, click the link below: https://www.grandviewresearch.com/industry-analysis/led-lighting-market

Further key findings from the report suggest:

The global     LED lighting market is expected to develop at a CAGR of 14.4% from 2017 to     2025

OLED emerged     as the largest product segment in 2016 and is estimated to generate     revenue worth USD 58.0 billion by 2025

Global LED     luminaires demand was valued at USD 10.63 billion in 2016 and is     anticipated to witness staggered growth over the course of the forecast     period

The U.S. LED     architectural lighting market was valued at USD 0.79 billion in 2016 and     is anticipated to exhibit a CAGR of nearly 15.0% over the forecast period.

The industry     in Asia Pacific is projected to witness substantial growth over the next     decade owing to tremendous demand for energy-efficient lighting in     residential and commercial sectors. The regional market is expected to     exhibit a CAGR of 15.4% from 2017 to 2025

Key players     such as Koninklijke Philips Electronics N.V.; OSRAM GmbH; Cree, Inc.;     Eaton; and GE dominated the global LED lighting market, accounting for     about 59.0% of the total revenue in 2016.

See More Reports of This Category: https://www.grandviewresearch.com/industry/electronic-devices

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According to a new report by Expert Market Research titled, ‘Saudi Arabia LED Lights Market Size, Share, Price Trends, Report & Forecast 2019-2024’, the Saudi Arabian LED lights market attained USD 505 million in 2017 and is further projected to see significant growth with a CAGR of 10% in the period 2019-2024.

Get a free sample for this market study here: https://www.expertmarketresearch.com/request?type=report&id=107&flag=B

LED lights had a penetration rate of 38% in Saudi Arabia’s lighting market. Saudi Arabia’s import of LED lighting products increased by 40% in 2015 as compared to 2014 with the country importing USD 87.37 million worth of LED lighting products from China in 2015. The demand for LED lights in the KSA has been driven by the efforts of the Saudi Arabian government to combat energy waste. Globally, governments are encouraging the use of energy efficient lighting by reducing the consumption of inefficient lighting and slowly phasing out incandescent lighting. Saudi Arabia is also following suit by increasing tariffs on the imports of incandescent and compact fluorescent lights. The region has also adopted the global energy efficiency standards.

With residential electricity usage accounting for 80% of Saudi Arabia’s electricity usage, the government has been promoting various energy saving initiatives driven by the installation of energy efficient LED lighting systems in both public and private buildings. The growing infrastructure industry in the region will add further impetus to the LED lights market in the region. The Deputy Crown Prince Mohammad bin Salman Al Saud’s Kingdom’s Vision 2030 is the major driving force behind the growth of the infrastructure industry as it seeks to modernize the infrastructure of 285 municipalities by 2030. Vision 2030 will involve building mega-cities or smart cities from the ground up. Thus, it is expected to open more opportunities for the LED lighting market in the region as the new industrial, commercial and infrastructure constructions can be fitted with energy efficient lighting systems, instead of retrofitting pre-existing systems with LED lights. The retrofitting of Dubai’s public lighting systems with LED lighting has also encouraged the market growth.

To view the report summary and Table of Contents, click on: https://www.expertmarketresearch.com/reports/saudi-arabia-led-light-market

Market Breakup By Types:

Panel lights

Downlights

Floodlights

Streetlights

Tubelights

Bulbs

Panel lights, downlights, floodlights, streetlights, tube lights and bulbs are the types of LED lights.

Saudi Arabia LED Light Breakup by Sector:

Private

Public

LED lights find their application in the public as well as private sectors in Saudi Arabia.

Market Breakup By Applications:

Residential

Commercial

Industrial Sectors

Others

LED lights to find its major application in the residential, commercial and industrial sectors, among others.

Key Findings of the Report:

The changing attitude of the people towards lighting energy conservation and the cost-effectiveness of LED lights has aided the growth of Saudi Arabia’s LED lights market.

Panel LED lights to hold the largest market share in Saudi Arabia over other LED light types.

Construction activities worth USD 852.3 billion covering nearly 4,700 construction projects are providing further impetus to the Saudi Arabian market.

Rising population and growing urbanization are further aiding the market growth with nearly 70% of the new construction projects occurring in the urban construction sector.

The growing use of intelligent street lighting systems, Internet of Things, automation of indoor lighting systems, ‘Li-fi’, and Lighting-as-a-Service might aid the Saudi Arabian LED lights market in the coming years.

Key Offerings of the Report:

The report by EMR provides the historical (2014-2018) and forecasted (2019-2024) supply and demand of the different types of LED lights in Saudi Arabia.

The report analyses the trade data by the value and volume of exports and imports in 2018.

It gives a detailed historical (2014-2018) and future (2019-2024) price analysis of various types of LED lights in Saudi Arabia.

Competitive Landscape & Supplier Analysis:

Al Nasser Group

Saudi LED Light

National Lighting Company

Technolight

Inara Company Limited

Noortek

Nardeen Lighting Company LLC

Huda Lighting

Philips Saudi Lighting Company

Al Nasser Group, Saudi LED Light, National Lighting Company, Technolight, Inara Company Limited, Noortek, Nardeen Lighting Company LLC, Huda Lighting and Philips Saudi Lighting Company are the major player in the Saudi Arabian LED lights market analysed by EMR. The report by EMR gives an in-depth insight into the latest developments amongst these key players, specifically looking into the plant turnarounds, expansions of capacity, and mergers and expansions.

Browse Related Reports:

https://www.expertmarketresearch.com/reports/led-market https://www.expertmarketresearch.com/reports/vietnam-led-market

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Global LED Lighting market is expected to grow with a CAGR over 13% during the forecast period 2018-2025, due to growing application of LED Lights in Residential, commercial and Industrial sectors. Rising urban population and consumer shift towards energy efficient lighting system will positively drive the LED lighting Market.