Gmi Research

The Saudi Arabia Smart Lighting Market is anticipated to experience robust growth by 2031, driven by government initiatives, sustainable urban planning, and advancements in IoT technology. As the country focuses on modernizing its infrastructure under Vision 2030, the adoption of smart lighting systems in residential, commercial, and public spaces is accelerating. These smart lighting solutions not only enhance energy efficiency but also align with the Kingdom’s environmental goals, making the market ripe for expansion. Trend 1: Increased Government Investment in Smart Cities A significant factor behind the growth in smart lighting is Saudi Arabia’s investment in smart cities, particularly in major urban areas and projects like NEOM. By implementing advanced lighting solutions, the government aims to create cities that use resources efficiently and provide high living standards. With sensor-based and adaptive lighting technology, smart lighting systems in these cities will automatical...

  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. Moreove...