LED Lights Market in Saudi Arabia - Outlook to 2024
Market Reports on Saudi Arabia Provides the Trending Market Research Report on “Saudi Arabia LED Lights Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2019-2024” (http://www.marketreportsonsaudiarabia.com/marketreports/saudi-arabia-led-lights-market-industry-trends-share-size-growth-opportunity-and-forecast-2019-2024/1379403) under Media & Technology category. The Saudi Arabia LED Lights Market is projected to exhibit highest growth rate over report offers a collection of superior market research, market analysis, and competitive intelligence and industry reports.
Light Emitting Diode (LED) is a semiconductor technology which is extensively being used for general lighting purposes globally. In Saudi Arabia, the market for LED lights has been expanding over the years owing to their various advantages. LED lights are more efficient and have a longer life span than traditional incandescent and compact fluorescent lights. Moreover, these lights are ecologically-friendly and reduce power consumption, thereby, saving the electricity costs. “Saudi Arabia LED Lights Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2019-2024”, the market reached a value of SAR 2,302 Million in 2018.
The market for LED lights in Saudi Arabia is being driven by a number of favourable factors. Huge investments in the public and private infrastructure is the major driver for the market growth. Additionally, various measures are being taken by the Saudi Arabian government so as to encourage the use of LED lights.
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Last Update : Feb 11, 2020 4:41 AM
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