GCC Smart Lighting Market Report, Industry Overview, Growth Rate and Forecast 2027

NEW YORK - Dec. 15, 2022 - PRLog -- According to IMARC Group latest published report, the GCC smart lighting market size reached US$ 320.3 Million in 2021. Looking forward, the market expected to reach US$ 1,115.2 Million by 2027, exhibiting a growth rate (CAGR) of 23.4% during 2022-2027.

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.

Covid-19 Scenario:

We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.

GCC Smart Lighting Market Trends

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.

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GCC Smart Lighting Market Segmentation:

Breakup by Offering

• Hardware
• Lights and Luminaires
• Lighting Controls
• Software
• Services
• Design and Engineering
• Installation
• Post-Installation

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
• Others

Breakup by Application:

• Commercial
• Residential
• Public Infrastructure
• Others

Breakup by Region:

• Saudi Arabia
• UAE
• Oman
• Kuwait
• Bahrain
• Qatar

Browse full report with TOC's: https://www.imarcgroup.com/gcc-smart-lighting-market

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