The Saudi Arabia smart lighting market is experiencing strong growth. 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. Looking forward, IMARC Group expects the Saudi Arabia smart lighting market to continue its strong growth during the next five years.
IMARC Group’s latest report provides a deep insight into the Saudi Arabia 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 Saudi Arabia smart lightning market in any manner.
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Report Customization: Although IMARC has tried to cover everything in the smart lighting 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.
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