The GCC smart lighting market exhibited strong growth during 2015-2020. Looking forward, the market expects to grow at a CAGR of 21.6% during 2021-2026, according to the latest report by IMARC Group.
Smart lighting refers to the lighting technology that functions through software solutions. It requires the users to connect to a smart home assistant application to control the lighting remotely. It is widely utilized in commercial, residential and industrial spaces as it offers a longer service life and saves energy significantly.
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The market in the GCC region is primarily driven by the increasing investments by public and private agencies in infrastructural development projects. Along with this, substantial growth in the tourism sector is also providing a boost to the demand for smart lighting across the region. Additionally, continual technological advancements in the GCC region, such as the integration of the Internet of Things (IoT) with these lighting solutions, are providing an impetus to the market growth further. Other factors, including rapid urbanization, inflating disposable incomes of the masses and numerous government initiatives toward smart city development, are also contributing to the market growth.
GCC Smart Lighting Market Segmentation:
Breakup by Offering
- Lights and Luminaires
- Lighting Controls
- Design and Engineering
Breakup by Communication Technology:
- Wired Technology
- Wireless Technology
Breakup by Installation Type:
- New Installation
- Retrofit Installation
Breakup by Light Source:
- LED Lamps
- Fluorescent Lamps
- Compact Fluorescent Lamps
- High Intensity Discharge Lamps
Breakup by Application:
- Public Infrastructure
Breakup by Region:
- Saudi Arabia
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