Frost & Sullivan’s research, Lighting Market in Saudi Arabia (KSA), 2017, analyses global lighting trends as well as the KSA lighting market with a focus on growth opportunities, challenges, drivers, restraints, technology trends, and future outlook.
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“Infrastructure build out, on account of increased urbanisation, has led to a strong demand for lighting. Intelligent street lighting and integrated lighting solutions that utilized remote monitoring and management of street lighting systems are currently in an experimental phase,” said Frost & Sullivan Homes and Buildings Team Consultant Suganya Rajan. “Increased use of Internet of Things, indoor lighting automation, “Li-fi”, and Lighting-as-a-Service are further trends expected to impact the KSA market in the near future.”
To succeed in an evolving ecosystem, players should:
- Aim for portfolios that reflect 50 per cent contribution from LED lighting in the short to medium terms and 75 per cent in the long term;
- Evaluate the feasibility of manufacturing LED fixtures in the KSA to capitalize on government initiatives;
- Create adaptability within the organisation to cater to variances in needs across different user segments; and;
- Develop strong research and development capabilities within integrated lighting, citywide solutions, infrastructure projects, and Lighting-as-a-Service models.
“The KSA project market is fuelled by large-scale developments across different types of projects, such as housing, economic cities, and industrial zones,” observed Rajan. “The demand for fixtures and controllers presents a strong case for integrators, while elements like lamps will continue to be imported from low-cost sources like China.”
Lighting Market in Saudi Arabia (KSA), 2017 is part of Frost & Sullivan’s Homes & Buildings Growth Partnership Service program.
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Lighting Market in Saudi Arabia (KSA), 2017
SOURCE Frost & Sullivan
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