Saudi Arabia Smart Lighting Market

Saudi Arabia Smart Lighting Market Overview:

The Saudi Arabia smart lighting market was worth US$ XX Billion in 2021, expanding at a CAGR of X% during 2016-2021. Looking forward, the market is projected to grow at a CAGR of around X% during 2022-2027, reaching a value of US$ XX Billion by 2027. Smart lighting is an energy-efficient lighting technology designed to efficiently utilize light resources with power-saving features and automated controls for smooth operations. It allows consumers to alter the light intensity according to external daylight or occupancy availability parameters. It uses intelligent management systems to control the lights that benefit consumers through lowered energy consumption and by providing enhanced security. It is widely preferred over traditional lighting solutions since it is sustainable and economical in nature and enables users to control its usage through smartphones, while offering the feature to remotely switch off or on the house lights. It enables real-time illumination monitoring, intelligent sensing, and advancements in connected lighting technology and also provides the feature to change color of fixtures and brightness from anywhere through a voice command application. As a result, it has found extensive applications in residential, commercial, and industrial sectors.

The growing need for energy-efficient lighting systems majorly drives the market in Saudi Arabia. Since smart lighting technology offers numerous benefits, such as controlled power usage, multiple settings in a single lamp, and controlled power usage while offering an aesthetic appearance to the space, the demand for smart lighting has escalated across the country. Apart from this, numerous initiatives undertaken by the government toward the adoption of energy-efficient lighting products due to an enhanced focus on sustainable development is impacting the market. With the modernization of infrastructures and the development of modern transportation systems across the country, there has been a considerable increase in the adoption of smart lighting. Moreover, the widespread integration of sensors in lighting technology to determine the occupancy of a street or room and accordingly dim or turn off the lights is creating a positive market outlook. Some of the other factors driving the market include the growing global population level and easy product availability via online and offline organized distributed channels.

Beginning with a regional overview, the report explores the dynamics that have a strong influence on the Saudi Arabia smart lighting market and can also impact its future growth. Taking 2021 as the base year, the report covers historical market scenario from 2016-2021 and provides forecasts till 2027. This includes the study of value and volume trends and pricing history. Growth inducing factors, market restraints and recent developments have also been analysed in the report in order to provide a deeper knowledge about the industry. 

The report analyses the competitive structure of the Saudi Arabia smart lighting market industry and provides the profiles of major players operating in the market. The price margins for the products along with the various success and risk factors for manufacturers have also been covered in the report. Moreover, in order to determine market attractiveness, the report analyses the Saudi Arabia smart lighting market industry along the parameters of the Porter’s Five Forces model. This model examines the degree of competition in the Saudi Arabia smart lighting market industry by analysing the threat posed by new entrants and substitutes, and the bargaining power of suppliers and buyers. SWOT analysis of the market has also been presented in the report which highlights the strengths, weaknesses, opportunities and threats pertaining to the Saudi Arabia smart lighting market industry. Furthermore, the value chain analysis of the Saudi Arabia smart lighting market industry has also been covered in the report. This comprises of all the activities in the value chain, such as the procurement of various raw materials, manufacturing, sales and distribution. 

Saudi Arabia Smart Lighting Market Segment Insights:

The Saudi Arabia smart lighting market has been analysed as followed:

By Offering:

• Hardware
  • Lights and Luminaires
  • Lighting Controls
• Software
• Services
  • Design and Engineering
  • Installation
  • Post-Installation
• Others

By Communication Technology:

• Wired Technology 
• Wireless Technology

By Installation Type:

• New Installation
• Retrofit Installation 

By Light Source:

• LED Lamps
• Fluorescent Lamps
• Compact Fluorescent Lamps
• High Intensity Discharge Lamps
• Others

 By Application:

• Commercial
• Residential
• Public Infrastructure
• Others

Value Chain Analysis
Key Drivers and Challenges
Porters Five Forces Analysis
PESTEL Analysis
Government Regulations

Competative Landscape: 

The competitive landscape of the market has been analyzed in the report, along with the detailed profiles of the major players operating in the industry.

• Competitive Structure
• Key Player Profiles

Highlights of the Saudi Arabia Smart Lighting Market Report:

• Historical and current scenario
• Trends and developments
• Impact of COVID-19
• Market forecast
• Price analysis and forecast
• Porter’s five forces analysis
• SWOT analysis
• Value chain analysis

Report Customisation:

The Saudi Arabia smart lighting market report can be customised as per your requirements. You can get in touch with our analyst, who will make sure that the report suits your research needs