The Saudi Arabia smart lighting market size reached US$ 97.2 Million in 2022. Looking forward, IMARC Group expects the market to reach US$ 355.0 Million by 2028, exhibiting a growth rate (CAGR) of 24.8% during 2023-2028.
Report Attribute
Key Statistics
Base Year
2022
Forecast Years
2023-2028
Historical Years
2017-2022
Saudi Arabia Smart Lighting Market Size in 2022
US$ 97.2 Million
Saudi Arabia Smart Lighting Market Forecast in 2028
US$ 355.0 Million
Saudi Arabia Smart Lighting Market Growth Rate (2023-2028)
24.8%
Smart-lighting is a technology designed for the efficient use of light resources through power saving fixtures with automated controls. This enables the consumer to alter ambient lighting according to the occupancy and availability of daylight. Smart-lighting products have applications in commercial, industrial and residential sectors and consist of a wall keypad and touchscreen panel that can be remotely accessed through voice command or a smartphone application. Smart lighting units use intelligent management systems to control the lights, benefitting consumers through lowered energy consumption and other economic and environmental benefits. Apart from being energy efficient, smart lighting systems provide a greater sense of security to the consumers as well. The user is also able to remotely switch on/off the house lights, giving an impression that the house is occupied.
The country’s increasing requirements for energy efficient lighting systems due to rising industrialization is among the key factors driving the Saudi Arabia smart lighting market. Moreover, factors such as increasing population, growth in the real estate sector and rising levels of urbanization are also creating a positive impact on the demand of smart lighting technology across the residential and commercial sectors. The Saudi Arabian government is also emphasizing on the adoption of smart lighting systems throughout the region in order to balance the rising energy demands and reduce operational costs. Moreover, the availability of various functionality in smart lighting technology such as sensors that can determine the occupancy of a room or a street and accordingly dim or turn off the lights, further adds to the convenience of the consumer. Additionally, acting on the Crown Prince Mohammed bin Salman Al Saud’s Vision 2030 plan, Saudi Arabia will be modernizing the infrastructure for various municipalities in the coming years. This includes the development of the Makkah and Riyadh Metro systems and an expansion to the King Abdulaziz International Airport, which are based on the smart lighting technology.
Note: Information in the above chart consists of dummy data and is only shown here for representation purpose. Kindly contact us for the actual market size and trends.
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Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each segment of the Saudi Arabia smart lighting market report, along with forecasts for the period 2023-2028. Our report has categorized the market based on offering, communication technology, installation type, light source and application.
Breakup by Offering:
Hardware
Lights and Luminaires
Lighting Controls
Software
Services
Design and Engineering
Installation
Post-Installation
Breakup by Communication Technology:
Note: Information in the above chart consists of dummy data and is only shown here for representation purpose. Kindly contact us for the actual market size and trends.
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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
Report Coverage:
Report Features
Details
Base Year of the Analysis
2022
Historical Period
2017-2022
Forecast Period
2023-2028
Units
US$ Million
Segment Coverage
Offering, Communication Technology, Installation Type, Light Source, Application
Customization Scope
10% Free Customization
Report Price and Purchase Option
Single User License: US$ 2699
Five User License: US$ 3699
Corporate License: US$ 4699
Post-Sale Analyst Support
10-12 Weeks
Delivery Format
PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)
Key Questions Answered in This Report
The Saudi Arabia smart lighting market was valued at US$ 97.2 Million in 2022.
We expect the Saudi Arabia smart lighting market to exhibit a CAGR of 24.8% during 2023-2028.
The ongoing development of smart city infrastructures, along with the rising consumer preference towards energy-efficient lighting systems that offer improved illumination while consuming less power, is primarily driving the Saudi Arabia smart lighting market.
The sudden outbreak of the COVID-19 pandemic had led to the implementation of stringent lockdown regulations across the nation, resulting in the temporary halt in numerous construction activities, thereby negatively impacting the Saudi Arabia smart lighting market.
Based on the offering, the Saudi Arabia smart lighting market can be divided into hardware, software, and services. Currently, hardware holds the majority of the total market share.
Based on the communication technology, the Saudi Arabia smart lighting market has been segmented into wired technology and wireless technology, where wired technology currently exhibits a clear dominance in the market.
Based on the installation type, the Saudi Arabia smart lighting market can be bifurcated into new installation and retrofit installation. Currently, new installation accounts for the largest market share.
Based on the light source, the Saudi Arabia smart lighting market has been segregated into LED lamps, fluorescent lamps, compact fluorescent lamps, high intensity discharge lamps, others. Among these, LED lamps currently hold the majority of the total market share.
Based on the application, the Saudi Arabia smart lighting market can be categorized into commercial, residential, public infrastructure, and others. Currently, commercial exhibits a clear dominance in the market.
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