With 25.9% CAGR, Saudi Arabia Smart Lighting Market Size to Reach US$ 292 Million 2022-2027

According to the latest report by IMARC Group "Saudi Arabia Smart Lighting Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027",  The Saudi Arabia smart lighting market size reached US$ 75.8 Million in 2021. Looking forward, IMARC Group expects the market to reach US$ 292 Million by 2027, exhibiting a growth rate (CAGR) of 25.9% during 2022-2027.

Smart-lighting refers to a technology created for the efficient use of light resources by employing power-saving fixtures with automated controls. It incorporates a wall keypad and touchscreen panel that can be accessed through a smartphone application or voice command. Smart lighting systems utilize intelligent management systems to control the lights and enable users to alter lighting according to occupancy and the availability of daylight. Smart lighting units operate on low energy, thereby providing various economical and environmental benefits. As a result, they are extensively adopted across the industrial, commercial, and residential sectors.

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Note: We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.

Saudi Arabia Smart Lighting Market Trends:

A significant growth in the construction sector, along with the rising development of modern housing projects, is driving the demand for smart lighting in Saudi Arabia. Furthermore, the elevating levels of urbanization and inflating disposable incomes are catalyzing the installation of smart lighting in residential areas, thereby propelling the market growth. Additionally, the growing consumption of electricity, coupled with the escalating need for energy-efficient lighting systems due to rising environmental concerns are also augmenting the market. Moreover, the Saudi Arabian government is encouraging the adoption of smart lighting systems to minimize overhead operational costs and balance the high energy demand. Apart from this, the emergence of smart lighting technology equipped with sensors in the transportation sector is expected to bolster the market growth in Saudi Arabia over the coming years.

Breakup by Offering:

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

Breakup by Communication Technology:

Wired Technology 
Wireless Technology 

Breakup by Installation Type:

New Installation
Retrofit Installation 

Breakup by Light Source:

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

Breakup by Application:

Commercial
Residential
Public Infrastructure
Others

Value Chain Analysis
Key Drivers and Challenges
Porters Five Forces Analysis
PESTEL Analysis
Government Regulations

Competitive Landscape

Competitive Structure
Key Player Profiles

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