Gmi Research

 The Smart Lighting Market is expected to grow significantly by 2031, driven by a combination of technological advancements, changing consumer preferences, and a growing focus on energy conservation. As smart technologies become more integrated into everyday life, the demand for innovative lighting solutions is set to rise. 1. Evolution of Smart Home Technologies The rise of smart home technologies is one of the key factors fueling the growth of the smart lighting market. Consumers are increasingly seeking integrated solutions that allow them to control various aspects of their homes, including lighting, from a single platform. The ability to manage lighting remotely, create automated schedules, and customize lighting settings enhances the overall home experience. As more manufacturers enter the market with user-friendly and affordable smart lighting options, the adoption rate among consumers is expected to increase. This shift towards smart homes presents a significant oppo...

  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...