The market report firstly enfolds a comprehensive analysis and assessment of the market. The report contains all-inclusive information related to the latest market updates including the emerging trends, market size, share, growth rate, and leading players for the given forecast period. It mainly aims to help the market players in achieving significant profit over the anticipated period.
Leading industry players of the GCC Smart Lighting Market:
Numerous key players in the GCC smart lighting market are Cinmar Lighting Systems, Philips Lighting, Cree, Inc., Honeywell International, Inc., Legrand, General Electric, Lutron Electronics Co., Inc., Ledvance, Electrical Lighting Co., Al Fanar Company Ltd., Huda Lighting, Zubair Electric Group/ Spectra Lighting & Power Solutions LLC, and Global Light LLC among others.
Key Drivers of the GCC Smart Lighting Market:
The primary factors contributing to the growth of the GCC smart lighting market include the growing energy consumption and electricity demand in the GCC region, along with increasing urbanization and the rising growth in the real estate sector. Rising economic growth and population growth is creating a positive influence on the growth of the smart lighting market in the GCC region. The growing number of smartphone users, coupled with the easy availability of the internet, are some other factors fuelling the growth of the GCC smart lighting market size. Consumers are widely adopting smart lighting solutions due to its cost efficiency and remotely accessibility using smartphones and voice-command specifications. Growing penetration and reduce LED cost is also boosting the growth of the market.
The rising investment in smart homes by consumers and smart cities by the governments is further surging the growth of the market in this region. Government smart cities initiatives include Saudi Arabia Vision 2030, Saudi Arabia “NEOM,” Smart Dubai, Dubai Expo 2020, and Qatar vision 2030 are also propelling the demand for smart lighting in this region. The increasing preference among GCC governments for smart and green infrastructure solutions and the strong demand for energy-efficient lighting systems owing to the rising industrialization is further accelerating the growth of the market. On the other hand, the high installation cost and security and privacy concerns are hampering the market growth.
The emergence of the coronavirus crisis is impacting the GCC smart lighting market globally. The strict lockdown has affected the raw material supplies of electronic components owing to the temporary shutdown of manufacturing plants in China. The rapid disruption in the supply chain is hindering the demand for smart lighting systems. On the other hand, the market is projected to bounce back in 2021 while increasing at a significant rate from 2022 onwards.
Segmentation of the GCC Smart Lighting Market:
This report carefully analyses all product segments of the GCC smart lighting market. The market forecast has also taken into consideration offering, communication technology, installation type, application, and countries segments of the industry.
GCC Smart Lighting Market by Offering:
• Hardware
o Lights & Luminaires
Smart Bulbs
Fixtures
o Lighting Controls
LED Drivers & Ballasts
Sensors
Switches & Dimmers
Relay Units
Gateways
• Software
o Local/Web-Based Software
o Cloud-Based Software
• Services
o Design & Engineering
o Installation Services
o Post-Installation Services
GCC Smart Lighting Market by Communication Technology:
• Wired Technology
o Digital Addressable Lighting Interface
o Power-Line Communication
o Power Over Ethernet
o Wired Hybrid Protocols
• Wireless Technology
o Zigbee
o Bluetooth/Bluetooth Low Energy
o Enocean
o Wi-Fi
o 6lowpan
o Wireless Hybrid Protocols
GCC Smart Lighting Market by Installation Type:
• New Installation
• Retrofit Installation
GCC Smart Lighting Market by Application:
• Indoor Application
o Residential
o Commercial
Retail
Hospitality
Office Lighting
o Industrial
• Outdoor Application
o Highways & Roadways
o Architectural
o Public Places
GCC Smart Lighting Market by Countries:
• UAE
• Saudi Arabia
• Oman
• Kuwait
• Rest of GCC
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