UAE Smart Lighting Market

UAE Smart Lighting Market Overview:

The UAE smart lighting market was worth US$ XX Billion in 2022, expanding at a CAGR of X% during 2017-2022. Looking forward, the market is projected to grow at a CAGR of around X% during 2023-2028, reaching a value of US$ XX Billion by 2028. Smart lighting is a technologically advanced and network-based lighting-controlled system that incorporates communication between various system inputs and outputs (I/O). It contains software that connects to an application and facilitates the use of one or more computing devices. It offers an automatic remote light control facility and eliminates the need for traditional wall switches. In addition to this, it notifies about the real-time status of the light and provides a high sense of security. It is energy efficient, generates less heat, and has longer shelf life than the conventional light bulb. Moreover, as it is compatible with connected devices, such as cameras, audio equipment, thermostats, and home assistants, smart lighting is gaining immense traction across the country. At present, light-emitting diode (LED), fluorescent, compact fluorescent, and high-intensity discharge lamps are extensively used across commercial and residential spaces in UAE.

Rapid development in the real estate sector and the increasing need for energy-efficient lighting systems represent one of the key factors positively influencing the market. In addition to this, the rising standards of living and inflating income levels of individuals are creating a positive market outlook. Moreover, the easy availability of smart lighting products across online and offline distribution channels, that offer the facility of free doorstep delivery and secured payment gateways, is propelling the market growth. Besides this, the key players are extensively investing in various marketing strategies, such as banner advertising, social media promotion, and celebrity endorsements, which are catalyzing the demand for smart lighting solutions in the country. Additionally, favorable government initiatives to promote the use of energy-efficient smart lighting products are strengthening the growth of the market. Furthermore, the incorporation of advanced technologies, such as artificial intelligence (AI) and cloud computing, with smart lighting to meet the residential need is driving the market toward growth. This, in confluence with the escalating demand for high-efficiency and innovative lighting products to shrink carbon footprints, is bolstering the market growth.  

Beginning with a regional overview, the report explores the dynamics that have a strong influence on the UAE smart lighting market and can also impact its future growth. Taking 2022 as the base year, the report covers historical market scenario from 2017-2022 and provides forecasts till 2028. 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 UAE 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 UAE smart lighting market industry along the parameters of the Porter’s Five Forces model. This model examines the degree of competition in the UAE 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 UAE smart lighting market industry. Furthermore, the value chain analysis of the UAE 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. 

UAE Smart Lighting Market Segment Insights:

The UAE smart lighting market has been analysed as followed:

By Offering:

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

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
Competitive Landscape:

• Competitive Structure
• Key Player Profiles

Competative Landscape: 

The report has also analyzed the competitive landscape of the market with detailed profiles of some of the key players operating in the industry.

Highlights of the UAE 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 UAE 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