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Report
GCC LED Lighting Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028
Market Report I 2023-07-05 I 128 Pages I IMARC Group
Market Overview:
The GCC LED lighting market size reached US$ 784.3 Million in 2022. Looking forward, IMARC Group expects the market to reach US$ 1,531.6 Million by 2028, exhibiting a growth rate (CAGR) of 12.7% during 2023-2028. The increasing awareness among individuals about using green products, favorable government initiatives, and rising application in commercial places represent some of the key factors driving the market.
Light emitting diode (LED) lighting refers to an electrical device that produces light more efficiently as compared to conventional light bulbs. It relies on an electrical current that passes through a microchip, which illuminates the tiny sources and causes visible light. It is widely available in different shapes, sizes, colors, designs, and capacities and is environmentally friendly. It is cost-effective, versatile, highly durable, does not burn out or fail easily and has an increased life span. It prevents overheating and emits light in one direction that reduces the need for reflectors and diffusers. It assists in reducing electricity consumption and greenhouse gas (GHG) emissions in the environment. Besides this, as it aids in emitting little heat compared to incandescent bulbs and compact fluorescent lamps (CFLs), the demand for LED lighting is rising in the GCC region.
GCC LED Lighting Market Trends:
At present, the increasing awareness among individuals about using green products represents one of the major factors influencing the market positively in the GCC region. Moreover, the rising infrastructural development, along with rapid urbanization, is strengthening the growth of the market. Apart from this, the growing utilization of LED lighting in commercial places, such as malls, supermarkets, hypermarkets, stadiums, bridges, and roads, is offering a positive market outlook. Additionally, the rising demand for safe, inexpensive, and reliable electrical solutions among the masses is offering lucrative growth opportunities to industry investors in the region. In line with this, the increasing utilization of LED lighting in the automotive sector to produce headlights, fog lights, turn signals, and interior lighting is impelling the market growth. Besides this, governing agencies in the GCC region are encouraging the adoption of LED lighting, as they are energy-efficient solutions and have a lower carbon footprint in the environment. In addition, the wide availability of LED lighting through various distribution channels, such as supermarkets, hypermarkets, and specialty and online stores in the region, is bolstering the growth of the market. Furthermore, the introduction of smart LED lighting that allows consumers to control the functioning of light through voice commands and provide color change and temperature control functions is contributing to the growth of the market in the GCC region.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each segment of the GCC LED lighting market report, along with forecasts at the regional and country level from 2023-2028. Our report has categorized the market based on product type, application, import and domestic manufacturing, public and private sectors, and outdoor and indoor application.
Product Type Insights::
Panel Lights
Down Lights
Street Lights
Others
The report has provided a detailed breakup and analysis of the GCC LED lighting market based on the product type. This includes panel lights, down lights, street lights, and others. According to the report, panel lights represented the largest segment.
Application Insights:
Residential
Commercial
Industrial
Others
A detailed breakup and analysis of the GCC LED lighting market based on the application has also been provided in the report. This includes residential, commercial, industrial, and others. According to the report, commercial accounted for the largest market share.
Imports and Domestic Manufacturing Insights:
Imports
Domestic Manufacturing
A detailed breakup and analysis of the GCC LED lighting market based on the imports and domestic manufacturing has also been provided in the report. This includes imports and domestic manufacturing.
Public and Private Sector Insights:
Public Sector
Private Sector
A detailed breakup and analysis of the GCC LED lighting market based on the public and private sector has also been provided in the report. This includes public sector and private sector. According to the report, private sector accounted for the largest market share.
Indoor and Outdoor Application Insights:
Indoor
Outdoor
A detailed breakup and analysis of the GCC LED lighting market based on the indoor and outdoor segment has also been provided in the report. This includes indoor and outdoor.
Country Insights:
Saudi Arabia
UAE
Others
Qatar
Oman
Kuwait
Bahrain
The report has also provided a comprehensive analysis of all the major regional markets, which include Saudi Arabia, UAE, and Others (Qatar, Oman, Kuwait, and Bahrain). According to the report, Saudi Arabia was the largest market for GCC LED lighting. Some of the factors driving the Saudi Arabia GCC LED lighting market included the growing construction industry, increasing demand for energy-efficient lighting, favorable government initiatives about energy conservation, etc.
Competitive Landscape:
The report has also provided a comprehensive analysis of the competitive landscape in the GCC LED lighting market. Competitive analysis such as market structure, market share by key players, player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided.
Key Questions Answered in This Report
1. What was the size of the GCC LED lighting market in 2022?
2. What is the expected growth rate of the GCC LED lighting market during 2023-2028?
3. What has been the impact of COVID-19 on the GCC LED lighting market?
4. What are the key factors driving the GCC LED lighting market?
5. What is the breakup of the GCC LED lighting market based on the product type?
6. What is the breakup of the GCC LED lighting market based on the application?
7. What are the key regions in the GCC LED lighting market?
1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global LED Lighting Industry
5.1 Market Overview
5.2 Market Performance
5.2.1 Volume Trends
5.2.2 Value Trends
5.3 Market Breakup by Region
5.4 Market by LED Products: LED Lamps, Modules and Fixtures
5.4.1 Market Trends
5.4.2 Market Forecast
5.5 Market Breakup by Application
5.6 Market Forecast
6 GCC LED Lighting Industry
6.1 Market Overview
6.2 Market Performance
6.3 Impact of COVID-19
6.4 Comparative Analysis of CFL and LED
6.5 Market Breakup by Product Type
6.6 Market Breakup by Application
6.7 Market Breakup by Country
6.8 Market Breakup by Import and Domestic Manufacturing
6.9 Market Breakup by Public and Private Sectors
6.10 Market Breakup by Indoor and Outdoor Segment
6.11 Market Forecast
6.12 SWOT Analysis
6.12.1 Overview
6.12.2 Strengths
6.12.3 Weaknesses
6.12.4 Opportunities
6.12.5 Threats
6.13 Value Chain Analysis
6.13.1 Primary Raw Material Suppliers
6.13.2 LED Chip Manufacturers
6.13.3 LED Package and Module Manufacturers
6.13.4 Lighting/Electronic Products Manufacturers
6.13.5 Product Distributors
6.13.6 End Users
6.14 Porter's Five Forces Analysis
6.14.1 Overview
6.14.2 Bargaining Power of Buyers
6.14.3 Bargaining Power of Suppliers
6.14.4 Degree of Competition
6.14.5 Threat of New Entrants
6.14.6 Threat of Substitutes
6.15 Key Success Factors and Risk Factors for LED Manufacturers
6.16 Price Analysis
6.16.1 Key Price Indicators
6.16.2 Price Structure
7 GCC LED Lighting Industry: Key Demand Drivers
7.1 Government's Push for Sustainable Development in the Region
7.2 Upcoming Events in the GCC Region Demanding Efficient Lighting Solutions
7.3 Government's Ban on Inefficient Incandescent Bulbs
7.4 Increasing Awareness of LEDs
8 Saudi Arabia LED Lighting Industry
8.1 Market Overview
8.2 Market Performance
8.3 Market Breakup by Application
8.4 Market Breakup by Product Type
8.5 Market Forecast
9 UAE LED Lighting Industry
9.1 Market Overview
9.2 Market Performance
9.3 Market Breakup by Application
9.4 Market Breakup by Product Type
9.5 Market Forecast
10 Other Markets in the GCC Region
10.1 Qatar LED Lighting Market
10.2 Oman LED Lighting Market
10.3 Kuwait LED Lighting Market
10.4 Bahrain LED Lighting Market
11 Competitive Landscape
11.1 Market Structure
11.2 Key Players
12 LED Lights Manufacturing Process
12.1 Panel Light
12.1.1 Product Overview
12.1.2 Manufacturing Process and Process Flow
12.1.3 Raw Material Requirements
12.1.4 Major Machinery Pictures
12.1.5 Suppliers of Raw Materials and Delivery Time
12.2 Down Light
12.2.1 Product Overview
12.2.2 Manufacturing Process and Process Flow
12.2.3 Raw Material Requirements
12.2.4 Major Machinery Pictures
12.2.5 Suppliers of Raw Materials and Delivery Time
12.3 Flood Light
12.3.1 Product Overview
12.3.2 Manufacturing Process and Process Flow
12.3.3 Raw Material Requirements
12.3.4 Major Machinery Pictures
12.3.5 Suppliers of Raw Materials and Delivery Time
12.4 Street Light
12.4.1 Product Overview
12.4.2 Manufacturing Process and Process Flow
12.4.3 Raw Material Requirements
12.4.4 Major Machinery Pictures
12.4.5 Suppliers of Raw Materials and Delivery Time
12.5 Tube Light
12.5.1 Product Overview
12.5.2 Manufacturing Process and Process Flow
12.5.3 Raw Material Requirements
12.5.4 Major Machinery Pictures
12.5.5 Suppliers of Raw Materials and Delivery Time
12.6 Bulb
12.6.1 Product Overview
12.6.2 Manufacturing Process and Process Flow
12.6.3 Raw Material Requirements
12.6.4 Major Machinery Pictures
12.6.5 Suppliers of Raw Materials and Delivery Time
13 Project Details, Requirements and Costs Involved
13.1 Land Requirements and Expenditures
13.2 Construction Requirements and Expenditures
13.3 Plant Machinery
13.4 Raw Material Requirements and Expenditures
13.5 Packaging Requirements and Expenditures
13.6 Transportation Requirements and Expenditures
13.7 Utility Requirements and Expenditures
13.8 Manpower Requirements and Expenditures
13.9 Other Capital Investments
14 Loans and Financial Assistance
15 Project Economics
15.1 Capital Cost of the Project
15.2 Techno-Economic Parameters
15.3 Product Pricing and Margins Across Various Levels of the Supply Chain
15.4 Taxation and Depreciation
15.5 Income Projections
15.6 Expenditure Projections
15.7 Financial Analysis
15.8 Profit Analysis
16 Key Player Profiles
Figure 1: GCC: LED Lighting Market: Major Drivers and Challenges
Figure 2: Global: LED Lighting Market: Volume Trends (in Billion Units), 2017-2022
Figure 3: Global: LED Lighting Market: Value Trends (in Billion US$), 2017-2022
Figure 4: Global: LED Lighting Market: Breakup by Region (in %), 2022
Figure 5: Global: LED Lighting Market: Breakup by Application (in %), 2022
Figure 6: Global: LED Lamps and Modules Market: Sales Volume (in Million Units), 2017-2022
Figure 7: Global: LED Fixtures Market: Sales Volume (in Million Units), 2017-2022
Figure 8: Global: LED Lamps and Modules Market Forecast: Sales Volume (in Million Units), 2023-2028
Figure 9: Global: LED Fixtures Market Forecast: Sales Volume (in Million Units), 2023-2028
Figure 10: Global: LED Lighting Market Forecast: Volume Trends (in Billion Units), 2023-2028
Figure 11: Global: LED Lighting Market Forecast: Value Trends (in Billion US$), 2023-2028
Figure 12: Global: LED Lighting Market: Key Players Market Share (in %), 2022
Figure 13: GCC: Region: LED Lighting Market: Sales Value (in Million US$), 2017-2022
Figure 14: GCC: Region: LED Lighting Market: Breakup by Product Type (in %), 2022
Figure 15: GCC: Region: LED Lighting Market: Breakup by Application (in %), 2022
Figure 16: GCC: Region: LED Lighting Market: Breakup by Country (in %), 2022
Figure 17: GCC: Region: LED Lighting Market: Imports Vs Domestic Manufacturing (in %), 2022
Figure 18: GCC: Region: LED Lighting Market: Breakup by Private and Public Sector (in %), 2022
Figure 19: GCC: Region: LED Lighting Market: Breakup by Outdoor and Indoor Applications (in %), 2022
Figure 20: GCC: Region: LED Lighting Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 21: GCC: LED Lighting Industry: SWOT Analysis
Figure 22: GCC: LED Lighting Industry: Value Chain Analysis
Figure 23: GCC: LED Lighting Industry: Porter's Five Forces Analysis
Figure 24: GCC: LED Lighting: Price Structure Analysis
Figure 25: Saudi Arabia: LED Lighting Market: Sales Value (in Million US$), 2017-2022
Figure 26: Saudi Arabia: LED Lighting Market: Breakup by Application (in %), 2022
Figure 27: Saudi Arabia: LED Lighting Market: Breakup by Product Type (in %), 2022
Figure 28: Saudi Arabia: LED Lighting Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 29: UAE: LED Lighting Market: Sales Value (in Million US$), 2017-2022
Figure 30: UAE: LED Lighting Market: Breakup by Application (in %), 2022
Figure 31: UAE: LED Lighting Market: Breakup by Product Type (in %), 2022
Figure 32: UAE: LED Lighting Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 33: Panel Light Manufacturing: Various Types of Operation Involved
Figure 34: Panel Light Manufacturing: Conversion Rate of Products
Figure 35: Down Light Manufacturing: Various Types of Operation Involved
Figure 36: Down Light Manufacturing: Conversion Rate of Products
Figure 37: Flood Light Manufacturing: Various Types of Operation Involved
Figure 38: Flood Light Manufacturing: Conversion Rate of Products
Figure 39: Street Light Manufacturing: Various Types of Unit Operations Involved
Figure 40: Street Light Manufacturing: Conversion Rate of Products
Figure 41: Tube Light Manufacturing: Various Types of Units Operation Involved
Figure 42: Tube Light Manufacturing: Conversion Rate of Products
Figure 43: Bulb Manufacturing: Various Types of Operation Involved
Figure 44: Bulb Manufacturing: Conversion Rate of Products
Figure 45: LED Lights Manufacturing Plant: Breakup of Capital Costs (in %)
Figure 46: LED Lights Industry: Breakup of Profit Margins at Various Level of Value Chain
Figure 47: LED Lights Manufacturing Plant: Breakup of Manufacturing Costs (in %)
Table 1: Global: LED Lighting Market: Key Industry Highlights, 2022 and 2028
Table 2: GCC: LED Lighting Market: Key Industry Highlights, 2022 and 2028
Table 3: Panel Light Manufacturing: Suppliers of Raw Materials and Delivery Timeline
Table 4: Down Light Manufacturing: Suppliers of Raw Materials and Delivery Timeline
Table 5: Flood Light Manufacturing: Suppliers of Raw Materials and Delivery Timeline
Table 6: Street Light Manufacturing: Suppliers of Raw Materials and Delivery Timeline
Table 7: Tube Light Manufacturing: Suppliers of Raw Materials and Delivery Timeline
Table 8: Bulb Light Manufacturing: Suppliers of Raw Materials and Delivery Timeline
Table 9: GCC: LED Lighting Market: Competitive Structure
Table 10: GCC: LED Lighting Market: Key Players
Table 11: LED Lights Manufacturing Plant: Costs Related to Land and Site Development (in US$)
Table 12: LED Lights Manufacturing Plant: Costs Related to Civil Works (in US$)
Table 13: LED Lights Manufacturing Plant: Machinery Costs (in US$)
Table 14: LED Lights Manufacturing Plant: Costs Related to Other Capital Investments (in US$)
Table 15: LED Lights Manufacturing Plant: Raw Material Requirements (Units/Day) and Expenditures (in US$/Unit)
Table 16: LED Lights Manufacturing Plant: Outer Packaging Requirements and Expenditure
Table 17: LED Lights Manufacturing Plant: Inner Packaging Requirements and Expenditure
Table 18: LED Lights Manufacturing Plant: Transportation Expenditure (US$/Unit of Light)
Table 19: LED Lights Manufacturing Plant: Costs Related to Utilities (in US$)
Table 20: LED Lights Manufacturing Plant: Costs Related to Salaries and Wages (in US$)
Table 21: LED Lights Manufacturing Plant: Techno-Economic Parameters
Table 22: LED Lights Manufacturing Plant: Income Projections (in US$)
Table 23: LED Lights Manufacturing Plant: Expenditure Projections (in US$)
Table 24: LED Lights Manufacturing Plant: Income Tax Expenditure
Table 25: LED Lights Manufacturing Plant: Depreciation Rate
Table 26: LED Lights Manufacturing Plant: Cash Flow Analysis Without Considering the Income Tax Liability
Table 27: LED Lights Manufacturing Plant: Cash Flow Analysis on Considering the Income Tax Liability
Table 28: LED Lights Manufacturing Plant: Profit and Loss Account
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