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GCC Smart Lighting Market by Offering (Hardware, Software and Services) by Communication Technology (Wired Technology and Wireless Technology) by Installation Type (New Installation and Retrofit Installation) by Light Source (LED Lamps, Fluorescent Lamps, Compact Fluorescent Lamps, High Intensity Discharge Lamps and Others) by Application (Commercial, Residential, Public Infrastructure and Others): Industry Analysis, Trends, Growth and Forecast 2023-2028

GCC Smart Lighting Market Overview:

The GCC smart lighting market was worth US$ XX Billion in 2022, expanding at a CAGR of X% during 2017-2022. Looking forward, the market is projected to grow at a CAGR of around X% during 2023-2028, reaching a value of US$ XX Billion by 2028. Smart lighting is an innovative lighting technology designed with power-saving fittings and automated controls. It includes software connected to a smart home assistant via the internet that can follow schedules, make decisions, and be controlled remotely with a mobile app, voice-activated personal assistants, or condition-based if this, then that (IFTTT) technology. It provides several benefits, including energy efficiency, connectivity, easily dimmable, automation, and instant mood lighting. It also includes automated controls and highly efficient fixtures that enable the users to modify the lighting depending on external lighting and occupancy. As a result, smart lighting solutions find extensive applications in hospitals, public places, architectural, industrial, commercial, and residential sectors, highways, and roadways, across the GCC region.

The market is primarily driven by the increasing energy consumption across the GCC region. In addition, the rising economic growth, and rapid urbanization, are contributing to the market growth. Moreover, the increasing number of smartphone users and the easy availability of the internet are providing a positive thrust to market growth. Besides this, the rising penetration and the reduced costs of light-emitting diode (LED) is impelling the market growth. Along with this, the governing authorities of GCC countries are making investments in smart homes. They are also integrating roads, existing tunnels, and public areas with smart lighting that works according to the occupancy and traffic on the road, which is positively influencing the market growth. Furthermore, the rising construction of commercial and hospitality spaces, and the increasing awareness regarding environment-friendly lighting among consumers, are augmenting the market growth. Other factors, including the implementation of stringent regulations to change the traditional lighting system with smart light-emitting diode (LED) products and reduce power consumption, are creating a positive market outlook across the region.

Beginning with a regional overview, the report explores the dynamics that have a strong influence on the GCC smart lighting market and can also impact its future growth. Taking 2022 as the base year, the report covers historical market scenario from 2017-2022 and provides forecasts till 2028. This includes the study of value and volume trends and pricing history. Growth inducing factors, market restraints and recent developments have also been analysed in the report in order to provide a deeper knowledge about the industry. On a regional basis, the report examines the GCC smart lighting market in Saudi Arabia, United Arab Emirates, Qatar, Kuwait, Oman and Bahrain. For each of these regions, the report studies the GCC smart lighting market in detail for latest trends, outlook and opportunities.

The report analyses the competitive structure of the GCC smart lighting market industry and provides the profiles of major players operating in the market. The price margins for the products along with the various success and risk factors for manufacturers have also been covered in the report. Moreover, in order to determine market attractiveness, the report analyses the GCC smart lighting market industry along the parameters of the Porter’s Five Forces model. This model examines the degree of competition in the GCC smart lighting market industry by analysing the threat posed by new entrants and substitutes, and the bargaining power of suppliers and buyers. SWOT analysis of the market has also been presented in the report which highlights the strengths, weaknesses, opportunities and threats pertaining to the GCC smart lighting market industry. Furthermore, the value chain analysis of the GCC smart lighting market industry has also been covered in the report. This comprises of all the activities in the value chain, such as the procurement of various raw materials, manufacturing, sales and distribution. 

GCC Smart Lighting Market Segment Insights:

The GCC smart lighting market has been analysed as followed:

By Offering:

  • Hardware 
    • Lights and Luminaires
    • Lighting Controls
  • Software
  • Services
    • Design and Engineering
    • Installation
    • Post-Installation

By Communication Technology:

  • Wired Technology 
  • Wireless Technology 

By Installation Type:

  • New Installation  
  • Retrofit Installation 

By Light Source:

  • LED Lamps
  • Fluorescent Lamps
  • Compact Fluorescent Lamps
  • High Intensity Discharge Lamps
  • Others

By Application:

  • Commercial
  • Residential
  • Public Infrastructure
  • Others

By Country:

  • Saudi Arabia
  • United Arab Emirates
  • Qatar
  • Kuwait
  • Oman
  • Bahrain

Country-wise, the market has been segmented into Saudi Arabia, United Arab Emirates, Qatar, Kuwait, Oman and Bahrain. Amongst these, Saudi Arabia represents the largest market, accounting for majority of the GCC region.

Competative Landscape: 

The competitive landscape of the industry has also been examined along with the profiles of the key players.

Highlights of the GCC Smart Lighting Market Report:

  • Historical and current scenario
  • Trends and developments
  • Impact of COVID-19
  • Market forecast
  • Price analysis and forecast
  • Porter’s five forces analysis
  • SWOT analysis
  • Value chain analysis

 

Report Customisation:

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