Saudi Arabia Smart Lighting Market Size, Share and Forecast 2027

 

Saudi Arabia Smart LED Lighting Market

The Smart LED Lighting Market in Saudi Arabia is estimated to grow at a robust CAGR over the forecast period (2020-2027).

The factors driving the growth of Saudi Arabia Smart LED Lighting Market includes growing demand for Light Emitting Diode (LED) lighting products in the residential and commercial areas, rise in the electricity consumption in Saudi Arabia and expansion of the real estate industry. According to the report published by Statista, the Electricity consumption in Saudi Arabia has increased from 246.6 terawatts per hour in 2012 to 289 terawatts per hour in 2020, which will boost the market growth in the approaching years. Moreover, rise in Government’s expenditure on the megacities and smart city projects, availability of huge reserves of crude oil, fall in the prices of LED lights and incorporation of voice control features with smart lighting systems, are some of the additional factors supplementing the market growth. Moreover, the increasing investments by major companies in Saudi Arabia on research and development, technological innovations in LED lighting, growing adoption of Internet of Things (IoT) based devices, rapid industrialization and rising disposable incomes, are further contributing towards the market growth.

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However, the growth of Saudi Arabia Smart LED Lighting Market of hindered due to security concerns related to smart LED lights.

The prominent players operating in the market are Cooper Lighting (Eaton), Zumtobel Lighting Saudi Arabia, Al Fanar Company Ltd, General Electric Saudi Arabia, Philips Lighting Saudi Arabia Company, Osram/Ledvance, Cinmar Lighting Systems, Zubair Electric Group/ Spectra Lighting & Power Solutions LLC, and Al Nasser Group among others.

Offering: Segment Analysis

Based on Offering, the Hardware segment is expected to grow at a significant CAGR over the forecast period owing to rising adoption of integrated sensors in the commercial and residential areas across Saudi Arabia. 

Application: Segment Analysis

Based on Application, the Outdoor segment is predicted to expand at a remarkable CAGR over the forecast period. The increasing investments by the Government of Saudi Arabia to smart city and Megacity project and rise in the construction activities, are some of the factors responsible for the segment’s growth.

Technology: Segment Analysis

Based on Technology, the Wired Technology segment is anticipated to capture a sizeable market share during the forecast period. The smart LED lights enabled with wired technology reduces the production cost and are increasingly used in the industrial areas, are some of the important factors augmenting the segment’s growth.

Market Segmentation

Saudi Arabia Smart Meter Market by Installation Type

  • New Installations
  • Retrofit Installations

Saudi Arabia Smart Meter Market by Offering

  • Hardware
    • Lights & Luminaires
      • Smart Bulbs
      • Fixtures
    • Lighting Control
      • LED Drivers & Ballasts
      • Sensors
      • Switches
      • Dimmers
      • Relay Units
      • Gateways
    • Software
      • Local/Web-Based Software
      • Cloud-Based Software
    • Services
      • Pre-Installation Services
      • Post-Installation Services

Saudi Arabia Smart LED Lighting Market by Application

  • Indoor
    • Residential
    • Commercial
      • Retail
      • Hospitality
      • Office Lighting
    • Industrial
    • Others
  • Outdoor
    • Highways & Roadways Lighting
    • Architectural Lighting
    • Lighting for Public Places

Saudi Arabia Smart LED Lighting Market by Communication Technology

  • Wired Technology
    • DALI
    • Power Over Ethernet (PoE)
    • Power-Line Communication (PLC)
    • Wired Hybrid Protocols
  • Wireless
    • ZigBee
    • Wi-Fi
    • BLE
    • EnOcean
    • 6LoWPAN
    • Wireless Hybrid Protocols

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