GCC Smart Lighting Market Report 2023, Industry Trends, Demand, Growth Rate and Forecast 2028

The latest report by IMARC Group, titled "GCC Smart Lighting Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028". The GCC smart lighting market size reached US$ 397.5 Million in 2022. Looking forward, IMARC Group expects the market to reach US$ 1,278.8 Million by 2028, exhibiting a growth rate (CAGR) of 22.1% during 2023-2028.

Smart lighting refers to an advanced lighting system that uses smart technology to control and customize the illumination of spaces, enhancing energy efficiency, convenience, and functionality. It relies on Internet of Things (IoT) connectivity and automation to provide users with greater control over their lighting environment. Smart lighting systems typically consist of LED (light-emitting diode) bulbs or fixtures equipped with sensors and wireless communication capabilities. Users can control these lights remotely using smartphones, tablets, or voice-activated assistants like Amazon Alexa or Google Assistant. They can adjust brightness levels, color temperature and even create schedules or scenes to suit different activities and moods. It can reduce energy consumption by optimizing lighting usage and dimming when natural light is sufficient. It also offers security features like motion sensing and remote monitoring, making it a valuable tool for home and office security. At present, smart lighting is gaining immense traction across the GCC as it can contribute to a more comfortable and productive environment by tailoring lighting to specific needs and preferences.

For an in-depth analysis, you can refer sample copy of the report: https://www.imarcgroup.com/gcc-smart-lighting-market/requestsample

GCC Smart Lighting Market Trends and Drivers:

The GCC smart lighting market is primarily driven by the rising demand for energy-efficient lighting solutions due to rapid urbanization and infrastructure development projects, promoting the adoption of smart lighting systems. Apart from this, the GCC's commitment to sustainability and energy conservation that aligns with the eco-friendly features of smart lighting, such as LED technology that reduces energy consumption and greenhouse gas emissions, is propelling market growth. Moreover, the rise of smart cities in the GCC, characterized by the integration of IoT technologies for improved urban living, has escalated the deployment of smart lighting systems for enhanced safety, security, and functionality, thereby fostering market growth. Additionally, the rising convenience and customization offered by smart lighting, including remote control and automation that cater to the region's tech-savvy population and their desire for modern living experiences, has catalyzed market growth. Furthermore, several favorable government initiatives and regulations promoting energy efficiency and smart technologies has accelerated the adoption of smart lighting solutions, thereby contributing to market growth.

Report Segmentation:

The report has segmented the market into the following categories:

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

Breakup by Region:

Saudi Arabia
UAE
Oman
Kuwait
Bahrain
Qatar

Value Chain Analysis

Key Drivers and Challenges

Porters Five Forces Analysis

PESTEL Analysis

Government Regulations

Competitive Landscape
Competitive Structure
Key Player Profiles

Explore Full Report with TOC: https://www.imarcgroup.com/gcc-smart-lighting-market

Note: 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.

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This release was published on openPR.