GCC Smart Lighting Market Report 2023, Industry Trends, Demand, Growth Rate and Forecast Till 2028

NEW DELHI - Nov. 30, 2023 - PRLog -- The latest report by IMARC Group, titled "GCC Smart Lighting Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028". The GCC smart lighting market size reached US$ 397.5 Million in 2022. Looking forward, IMARC Group expects the market to reach US$ 1,278.8 Million by 2028, exhibiting a growth rate (CAGR) of 22.1% during 2023-2028.

GCC Smart Lighting Market Trends and Drivers:

The GCC smart lighting market is primarily driven by the rising demand for energy-efficient lighting solutions due to rapid urbanization and infrastructure development projects, promoting the adoption of smart lighting systems. Apart from this, the GCC's commitment to sustainability and energy conservation that aligns with the eco-friendly features of smart lighting, such as LED technology that reduces energy consumption and greenhouse gas emissions, is propelling market growth. Moreover, the rise of smart cities in the GCC, characterized by the integration of IoT technologies for improved urban living, has escalated the deployment of smart lighting systems for enhanced safety, security, and functionality, thereby fostering market growth.

For an in-depth analysis, you can refer sample copy of the report: https://www.imarcgroup.com/gcc-smart-lighting-market/requestsample

Report Segmentation:

The report has segmented the market into the following categories:

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

Value Chain Analysis

Key Drivers and Challenges

Porters Five Forces Analysis

PESTEL Analysis

Government Regulations

Competitive Landscape

• Competitive Structure
• Key Player Profiles

Explore Full Report with TOC: https://www.imarcgroup.com/gcc-smart-lighting-market

Note: If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

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