Saudi Arabia Architectural Lighting Market Size & Outlook
Saudi Arabia architectural lighting market, 2018-2030 (US$M)
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Saudi Arabia architectural lighting market highlights
- The Saudi Arabia architectural lighting market generated a revenue of USD 64.8 million in 2023 and is expected to reach USD 125.6 million by 2030.
- The Saudi Arabia market is expected to grow at a CAGR of 9.9% from 2024 to 2030.
- In terms of segment, ballasts was the largest revenue generating component in 2023.
- Lamps is the most lucrative component segment registering the fastest growth during the forecast period.
Architectural lighting market data book summary
| Market revenue in 2023 | USD 64.8 million |
| Market revenue in 2030 | USD 125.6 million |
| Growth rate | 9.9% (CAGR from 2023 to 2030) |
| Largest segment | Ballasts |
| Fastest growing segment | Lamps |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Lamp Holders, Ballasts, Lamps, Lenses/Shades, Trims, Wiring, Reflectors |
| Key market players worldwide | Acuity Brands Inc, GE Aerospace, Hubbell Inc, Ams-OSRAM AG, Panasonic Holdings Corp, Signify NV, Zumtobel Group AG ADR, Feilo Sylvania, Seoul Semiconductor, Cree Lighting, Delta Light, GVA Lighting, Siteco, TCP Lighting |
Other key industry trends
- In terms of revenue, Saudi Arabia accounted for 0.7% of the global architectural lighting market in 2023.
- Country-wise, China is expected to lead the global market in terms of revenue in 2030.
- In Middle East & Africa, UAE architectural lighting market is projected to lead the regional market in terms of revenue in 2030.
- South Africa is the fastest growing regional market in Middle East & Africa and is projected to reach USD 406.6 million by 2030.
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Architectural Lighting Market Scope
Architectural Lighting Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Saudi Arabia architectural lighting market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to architectural lighting market will help companies and investors design strategic landscapes.
Ballasts was the largest segment with a revenue share of 21.76% in 2023. Horizon Databook has segmented the Saudi Arabia architectural lighting market based on lamp holders, ballasts, lamps, lenses/shades, trims, wiring, reflectors covering the revenue growth of each sub-segment from 2018 to 2030.
The Saudi Arabian architectural lighting market is evolving owing to a convergence of diverse technological breakthroughs and an open regulatory environment. The country's young population and the rising levels of disposable income are fueling the demand for architectural lighting designed to enrich the aesthetics of buildings and public places.
Moreover, significant investments by the government of Saudi Arabia in smart city projects are also expected to create a positive outlook for smart architectural lighting from 2023 to 2030. For instance, in September 2022, the government of Saudi Arabia announced plans to build 200 smart cities and automate more than 4,000 factories across the country.
Such projects are expected to propel the demand for smart architectural lighting solutions, thereby encouraging market players to mull regional expansion.
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Our clientele includes a mix of architectural lighting market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of country-level data and insights on the Saudi Arabia architectural lighting market , including forecasts for subscribers. This country databook contains high-level insights into Saudi Arabia architectural lighting market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Saudi Arabia architectural lighting market size, by component, 2018-2030 (US$M)
Saudi Arabia Architectural Lighting Market Outlook Share, 2023 & 2030 (US$M)
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