Saudi Arabia Smart Lighting Market

Market Overview:

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.

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.

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:

• 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: