The market mainly elaborates the definitions, classifications, market overview, and the industry chain analysis. The report also covers market size, share, trends, and growth analysis on the basis of different parameters. It profoundly displays the current market investigation situation and the upcoming situation in the coming years.
Key Drivers of the GCC Smart Lighting Market:
The primary factors contributing to the growth of the GCC smart lighting market include the rising energy consumption and electricity demand in the GCC region, and increasing urbanization, followed by the growing growth in the real estate sector. Rising economic growth and population growth is boosting the demand for the smart lighting market in the GCC region. The growing number of smartphone users, followed by the internet’s easy availability, are some other factors surging the growth of the GCC smart lighting market size. Consumers are largely adopting smart lighting solutions due to its cost efficiency and remotely accessibility using smartphones, coupled with voice-command features. Growing penetration and reducing LED costs is also bolstering the growth of the market.
The growing investment in smart homes by consumers and smart cities by the governments is further accelerating the growth of the market in the GCC region. Various smart cities initiatives launched by the government such as Saudi Arabia “NEOM” and Smart Dubai, along with other initiatives such as Dubai Expo 2020, Saudi Arabia Vision 2030, and Qatar vision 2030, are also increasing the demand for smart lighting in this region. According to the GCC smart lighting market report, the growing preference among GCC governments for smart and green infrastructure solutions, followed by the emerging demand for energy-efficient lighting systems due to rising industrialization, is further energizing the growth of the market. On the other hand, the rising installation cost, security, and privacy concerns are hampering the market growth.
The emergence of the coronavirus crisis is negatively impacting the GCC smart lighting market at a global level. The strict lockdown has adversely impacted the raw material supplies of electronic components owing to the temporary shutdown of manufacturing plants in China. The continuous disruption in the supply chain is resulting in significant decrease in demand for smart lighting systems. However, the market is anticipated to bounce back in 2021 while growing at a higher rate from 2022 onwards.
Top list of key players in the GCC Smart Lighting Market:
- General Electric
- Philips Lighting
- Cree, Inc.
- Honeywell International, Inc.
- Legrand
- Lutron Electronics Co., Inc.
- Ledvance
- Electrical Lighting Co.
- Al Fanar Company Ltd.
- Zubair Electric Group/ Spectra Lighting & Power Solutions LLC
- Cinmar Lighting Systems
- Huda Lighting
- Global Light LLC
Segmentation of the GCC Smart Lighting Market:
The report covers all the countries of the GCC region, which shows a regional development status, including the market size, volume, and value, as well as price data. Besides, the report also covers various segment data of the market.
Breakup by Offering:
- Hardware
o Lights & Luminaires
- Smart Bulbs
- Fixtures
o Lighting Controls
- LED Drivers & Ballasts
- Sensors
- Switches & Dimmers
- Relay Units
- Gateways
- Software
o Local/Web-Based Software
o Cloud-Based Software
- Services
o Design & Engineering
o Installation Services
- Post-Installation Services
Breakup by Communication Technology:
- Wired Technology
o Digital Addressable Lighting Interface
o Power-Line Communication
o Power Over Ethernet
o Wired Hybrid Protocols
- Wireless Technology
o Zigbee
o Bluetooth/Bluetooth Low Energy
o Enocean
o Wi-Fi
o 6lowpan
o Wireless Hybrid Protocols
Breakup by Installation Type:
- New Installation
- Retrofit Installation
Breakup by Application:
- Indoor Application
o Residential
o Commercial
- Retail
- Hospitality
- Office Lighting
o Industrial
- Outdoor Application
o Highways & Roadways
o Architectural
o Public Places
Breakup by Countries:
- UAE
- Saudi Arabia
- Oman
- Kuwait
- Rest of GCC
About GMI Research:
GMI Research is a market research and consulting firm which provides bespoke industry & market research to help businesses in making the toughest business decision. We know the significance of accurate data; that’s why our analyst use a tailored methodology to study every market in detail because one size doesn’t fit all. We not only cover the traditional well-established market but also focuses on the niche market and markets in the emerging economies, where getting data and information is a challenge. This factor makes us a pioneer in the emerging market research space. Our syndicate reports cover multiple industries across various regions and countries.
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