Saudi Arabia Electroluminescent (EL) Panels Market (2022-2028) | Outlook, Forecast, Analysis, Revenue, Size, Share, Growth, Industry, Trends, Value, Segmentation & COVID-19 IMPACT

Saudi Arabia Electroluminescent (EL) Panels Market Synopsis

The Saudi Arabia Electroluminescent (EL) Panels market is projected to grow during the forecast period. This can be attributed to the growing construction industry in the country, as well as the rising demand for energy-efficient lighting solutions. The government's initiatives to promote the use of LED lighting products is also expected to boost the growth of the EL panels market in Saudi Arabia.

According to 6Wresearch, the Saudi Arabia Electroluminescent (EL) Panels Market size is expected to grow during 2022-2028. EL panels are solid state devices that emit light in response to an electric current. They are used in a wide range of applications such as automotive instrumentation, avionics, general lighting, medical devices, and signs & displays. EL panels offer several advantages over traditional light sources such as low power consumption, long operational life, uniform light output, and ruggedness.

AC EL panels are widely used in various applications such as automotive, aviation, and medical due to their low power consumption and long lifespan. These panels are available in various sizes and shapes to suit the specific requirements of different applications. DC EL panels are widely used in consumer electronics applications such as mobile phones and laptops due to their low power consumption and flexible design. These panels are available in various sizes and shapes to suit the specific requirements of different applications.

The growing demand for energy-efficient lighting solutions is one of the major factors driving the growth of the Saudi Arabia EL panels market. The government's focus on promoting the use of LED lighting products is also expected to boost the market growth. Moreover, the increasing adoption of EL technology in the automotive industry is another key factor propelling the market growth. However, high initial investment cost and competition from other technologies such as OLED and LCD are some of the major challenges hindering the market growth.

Market Drivers in the Saudi Arabia Electroluminescent (EL) Panels Market

The Saudi Arabia Electroluminescent (EL) Panels market revenue is primarily driven by the increasing demand for energy-efficient and eco-friendly lighting solutions. The EL technology consumes less power as compared to traditional lighting technologies such as incandescent bulbs and fluorescent tubes. Moreover, EL panels do not contain any toxic materials, making them safe for the environment.

The Saudi government's initiatives to promote energy-efficient lighting solutions are also driving the growth of the EL panels market in the country. In 2018, the government launched the "Saudi Green Building Forum" to encourage the use of green building practices and technologies in the construction sector. This is expected to create new opportunities for EL panel manufacturers in Saudi Arabia.

The growing construction industry in Saudi Arabia is another important factor driving the growth of the EL panels market. The country's construction sector is witnessing rapid growth on account of various mega infrastructure projects being undertaken in preparation for the upcoming Saudi Vision 2030. This is expected to lead to increased demand for EL panels from the construction sector over the forecast period.

Market Restraints in the Saudi Arabia Electroluminescent (EL) Panels Market

High initial investment is one of the major factors restraining the Saudi Arabia Electroluminescent (EL) Panels Market growth. The technology requires expensive components such as electrodes, phosphors, and flexible substrates. This makes it difficult for small-scale companies to gain a foothold in the market. Additionally, lack of awareness about green lighting technologies is another key factor hampering the growth of the EL panels market in Saudi Arabia. Awareness about electroluminescent panels is low among Saudi Arabian consumers, who are accustomed to using traditional lighting products such as incandescent bulbs and fluorescent tubes. This is a significant restraint on the growth of the Saudi Arabian EL panels market.

Major Applications of Saudi Arabia Electroluminescent (EL) Panels

• EL Panels for Indoor and Outdoor Advertising: EL panels are extensively used for indoor and outdoor advertising purposes in Saudi Arabia. They offer high visibility even in bright sunlight and can be used for a variety of applications such as shop signs, billboards, bus shelters, and so on.
• EL Panels for Automotive Applications: EL panels are increasingly being used in automotive applications such as instrument cluster backlighting, door handle lighting, trunk lighting, and so on. This is because they offer superior light output compared to traditional light sources and consume less power.
• EL Panels for Architectural Lighting: EL panels are also gaining popularity in the architectural lighting segment due to their unique properties. They can be used to create amazing visual effects and add a touch of class to any building or structure.

Impact of COVID-19 on the Saudi Arabia Electroluminescent (EL) Panels Market

The outbreak of COVID-19 has led to a slowdown in the construction industry across the world. This is expected to have a negative impact on the growth of the Global Electroluminescent EL panels market over the forecast period. Moreover, restrictions regarding international trade are expected to hamper the supply of raw materials from China and other countries, further slowing down market growth over the next few months.

Market Analysis based on Shape

Based on Shape, the shape of an EL panel can affect its light output, efficiency, and other properties. For example, rectangular EL panels are often used in signs and displays because they provide a large surface area for displaying information. Square and round EL panels are commonly used in small devices such as watches and calculators because they are more compact and can be more easily integrated into these devices.

Market Analysis based on Colors

Based on Colors, the EL panels come in a variety of colors, the most common being white, blue, green, and red. Other colors such as yellow and orange are also available. The choice of color depends on the application for which the panel will be used. For example, white is often used for displays because it provides good contrast with the background, while blue and green are used for decorative lighting because they create a calming atmosphere.

Competitive Landscape of Saudi Arabia Electroluminescent (EL) Panels Market

In the past few years, Saudi Arabia Electroluminescent (EL) Panels Market share has seen a number of key mergers and acquisitions in the electroluminescent (EL) panels market. For instance, German company Heraeus acquired U.S.-based EL panel manufacturer Lumitex for an undisclosed sum. This was followed by another German company, Osram, acquiring U.K.-based EL panel maker Opto Semiconductors.

These acquisitions have strengthened the presence of German companies in the Saudi Arabian EL panels market and have also helped them to gain a larger share of the global market.

Key Attractiveness of the Report

• COVID-19 Impact on the Market.
• 10 Years Market Numbers.
• Historical Data Starting from 2018 to 2021.
• Base Year: 2021.
• Forecast Data until 2028.
• Key Performance Indicators Impacting the Market.
• Major Upcoming Developments and Projects.

Key Highlights of the Report:

• Saudi Arabia Electroluminescent (EL) Panels Market Outlook
• Market Size of Saudi Arabia Electroluminescent (EL) Panels Market, 2021
• Forecast of Saudi Arabia Electroluminescent (EL) Panels Market, 2028
• Historical Data and Forecast of Saudi Arabia Electroluminescent (EL) Panels Revenues & Volume for the Period 2018 - 2028
• Saudi Arabia Electroluminescent (EL) Panels Market Trend Evolution
• Saudi Arabia Electroluminescent (EL) Panels Market Drivers and Challenges
• Saudi Arabia Electroluminescent (EL) Panels Price Trends
• Saudi Arabia Electroluminescent (EL) Panels Porter's Five Forces
• Saudi Arabia Electroluminescent (EL) Panels Industry Life Cycle
• Historical Data and Forecast of Saudi Arabia Electroluminescent (EL) Panels Market Revenues & Volume By Shape for the Period 2018 - 2028
• Historical Data and Forecast of Saudi Arabia Electroluminescent (EL) Panels Market Revenues & Volume By Rectangle for the Period 2018 - 2028
• Historical Data and Forecast of Saudi Arabia Electroluminescent (EL) Panels Market Revenues & Volume By Square for the Period 2018 - 2028
• Historical Data and Forecast of Saudi Arabia Electroluminescent (EL) Panels Market Revenues & Volume By Strip for the Period 2018 - 2028
• Historical Data and Forecast of Saudi Arabia Electroluminescent (EL) Panels Market Revenues & Volume By Round for the Period 2018 - 2028
• Historical Data and Forecast of Saudi Arabia Electroluminescent (EL) Panels Market Revenues & Volume By Others for the Period 2018 - 2028
• Historical Data and Forecast of Saudi Arabia Electroluminescent (EL) Panels Market Revenues & Volume By Colour for the Period 2018 - 2028
• Historical Data and Forecast of Saudi Arabia Electroluminescent (EL) Panels Market Revenues & Volume By White for the Period 2018 - 2028
• Historical Data and Forecast of Saudi Arabia Electroluminescent (EL) Panels Market Revenues & Volume By Blue for the Period 2018 - 2028
• Historical Data and Forecast of Saudi Arabia Electroluminescent (EL) Panels Market Revenues & Volume By Green for the Period 2018 - 2028
• Historical Data and Forecast of Saudi Arabia Electroluminescent (EL) Panels Market Revenues & Volume By Red for the Period 2018 - 2028
• Historical Data and Forecast of Saudi Arabia Electroluminescent (EL) Panels Market Revenues & Volume By Others for the Period 2018 - 2028
• Saudi Arabia Electroluminescent (EL) Panels Import Export Trade Statistics
• Market Opportunity Assessment By Shape
• Market Opportunity Assessment By Colour
• Saudi Arabia Electroluminescent (EL) Panels Top Companies Market Share
• Saudi Arabia Electroluminescent (EL) Panels Competitive Benchmarking By Technical and Operational Parameters
• Saudi Arabia Electroluminescent (EL) Panels Company Profiles
• Saudi Arabia Electroluminescent (EL) Panels Key Strategic Recommendations

Market Covered

The report offers a comprehensive study of the subsequent market segments:

By Shape

• Rectangle
• Square
• Strip
• Round
• Others

By Colour

• White
• Blue
• Green
• Red
• Others

Saudi Arabia Electroluminescent (EL) Panels Market: FAQs