UAE Smart Lighting Market to Hit US$ 180.6 Million by 2027, With a CAGR of 24.4%

According to the latest report by IMARC Group, titled "UAE Smart Lighting Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027", the expanding real estate sector, along with the growing number of modern housing projects, is primarily catalyzing the market for smart lighting in the UAE.

Year considered to estimate the market size:

• Base year of the analysis: 2021
• Historical period: 2016-2021
• Forecast period: 2022-2027

The UAE smart lighting market size reached US$ 50 Million in 2021. Looking forward, IMARC Group expects the market to reach US$ 180.6 Million by 2027, exhibiting a growth rate (CAGR) of 24.4% during 2022-2027.

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UAE Smart Lighting Market Outlook:

Smart-lighting refers to an energy-efficient lighting technology with power-saving fixtures and automated controls. It allows the user to remotely adjust the ambient lighting of a particular space and is usually managed with a smartphone, tab, or laptop through a wall keypad, a touchscreen panel, or voice commands. As a result, smart lighting system finds extensive applications in residential, commercial, and industrial sectors.

UAE Smart Lighting Market Trends:

The growing prominence of smart lighting products due to their cost efficiency and remote accessibility features is further driving the market. Besides this, the changing consumer inclination from conventional lamps with high-intensity mercury bulbs towards safer and cleaner alternatives is also propelling the market growth.

Furthermore, the UAE government is gradually replacing incandescent lights across roads, tunnels, and public areas with energy-saving smart lighting systems that work according to the occupancy or traffic on the road.

In the coming years, the rising need for upgrading lighting equipment in various commercial projects, such as digital billboards, shopping centers, retail establishments, etc., is expected to further drive the UAE smart lighting market growth.

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UAE Smart Lighting Market 2022-2027 Competitive Analysis and Segmentation:

Competitive Landscape With Key Players:

The competitive landscape of the UAE smart lighting market has been studied in the report with the detailed profiles of the key players operating in the market.

Key Market Segmentation:

The report has segmented the UAE smart lighting market on the basis of offering, communication technology, installation type, light source and, application region.

Based on Offering:

• Hardware
• Software
• Services

Based on Communication Technology:

• Wired Technology
• Wireless Technology

Based on Installation Type:

• New Installation
• Retrofit Installation

Based on Light Source:

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

Based on Application:

• Commercial
• Residential
• Public Infrastructure
• Others

Explore Full Report with TOC & List of Figure: https://www.imarcgroup.com/uae-smart-lighting-market

Key highlights of the report:               

• Market Performance (2016-2021)
• Market Outlook (2022-2027)
• Industry Trends
• Market Drivers and Success Factors
• The Impact of COVID-19 on the Global Market
• Value Chain Analysis
• Structure of the Global Market
• Comprehensive mapping of the competitive landscape

If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

Browse More Reports:

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High-End Lighting Market Opportunity and Forecast 2023-2028: https://www.imarcgroup.com/high-end-lighting-market

Indian Smart Lighting Market Growth, Opportunity and Forecast 2022-2027: https://www.imarcgroup.com/indian-smart-lighting-market

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IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

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This release was published on openPR.