GCC Smart Lighting Market Size, Share, Industry Trends & Forecast 2019-2024

GCC Smart Lighting Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2019-2024

The GCC smart lighting market is currently witnessing strong growth. Smart-lighting is a technology designed for efficient use of light resources with power saving fittings and automated controls. Using smart lighting technology, the consumer is able to adjust the ambient lighting depending upon the occupancy or daylight availability. Smart-lighting products have extensive applications in commercial, industrial and residential sectors and consist of a smartphone-controlled wall keypad and a touchscreen panel. This adds significantly to the convenience of the consumer, as smart lights and bulbs can be programmed to switch on and off at any chosen moment. Various smart bulbs are engineered to produce light that resembles natural sunshine in order to make the consumer feel more productive and fresh, irrespective of night or day. Additionally, it provides a greater sense of security for those who are away from their homes and are able to turn on/off the house lights at their will. Smart lights are also available in multiple colors that add to the aesthetic value of the space and provides the user with a variety in décor and ambiance.

Consistently increasing energy consumption and electricity demands of the GCC region are among the key factors driving the smart lighting market in the region. Moreover, rising economic growth, population growth and increasing government support are also creating a positive impact on the smart lighting market in the region. Consumers are also increasingly adopting smart lighting products due to its cost efficiency and remote accessibility through smartphones and voice-command features. Additionally, increasing investments in smart homes and cities are expanding the market for smart lighting. Moreover, governments across the GCC countries have started to equip existing roads, tunnels and public areas with smart lighting equipment that work according to the occupancy and traffic on the road.

IMARC Group’s latest report provides a deep insight into the GCC smart lighting market covering all its essential aspects. This ranges from macro overview of the market to micro details of the industry performance, recent trends, key market drivers and challenges, SWOT analysis, Porter’s five forces analysis, value chain analysis, etc. This report is a must-read for entrepreneurs, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the GCC smart lighting market in any manner.

Report Coverage:

Historical, Current and Future Market Trends
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

Key Questions Answered in This Report:

How has the GCC smart lightning market performed so far and how will it perform in the coming years?
What are the key regional markets in the GCC smart lightning industry?
What is the breakup of the market based on the offering?
What is the breakup of the market based on the communication technology?
What is the breakup of the market based on the installation type?
What is the breakup of the market based on the light source?
What is the breakup of the market based on the application?
What are the various stages in the value chain of the GCC smart lightning industry?
What are the key driving factors and challenges in the GCC smart lightning industry?
What is the structure of the GCC smart lightning industry and who are the key players?
What is the degree of competition in the GCC smart lightning industry?
What are the profit margins in the GCC smart lightning industry?

Report Coverage:

Base Year Considered: 2018
Historical Data Coverage: 2013-2018
Market Forecast: 2019-2024
Currency: US$
Geography Covered: GCC
Segments Covered: Offering, Communication Technology, Installation Type, Light Source, Application and Region

Report Customization: Although IMARC has tried to cover everything in the smart lightning market landscape, we believe that every stakeholder may have their own specific needs. In view of this, we provide up to 20 man hours of free customization for each report.