Smartlighting is a technology primarily designed to increase energyefficiency. Smart lighting includes high efficiency fixtures and automatedcontrols through which user can alter lighting according to the occupancy andavailability of daylight. It reduces cost by minimize power consumption andreduces green-house gas emission. It uses smart LED light bulbs that connect tothe Internet of Things (IoT) which can control remotely through smartapplications such as Amazon Echo, Google Home, and Apple HomeKit.
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Growing requirements for energy efficient lighting systems due to risingindustrialization is one of the key factors driving the Saudi Arabia smart lighting market. Rising urbanization coupled withincreasing growth in the real estate sector in Saudi Arabia is creating ademand for smart lighting. In addition, several government initiatives for buildingnotable infrastructure would lead to the development of new smart cities inSaudi Arabia further leading a growth in the smart lighting market during theforecast period. The Saudi Arabian government is also highlighting the adoptionof smart lighting systems throughout the country in order to balance out therising energy demands and minimize the operational costs also fuelling thegrowth of smart lighting market. However, high installation cost andsecurity and privacy concerns are restraining the market growth.
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Various notable players in the Saudi Arabia Smart Lightingmarket include Philips Saudi Lighting Company , Al Nasser Group, NationalLighting Company, Cooper Lighting (Eaton), Zumtobel Lighting Saudi Arabia ,Osram/Ledvance , Al Fanar Company Ltd, Zubair Electric Group/ Spectra Lighting& Power Solutions LLC , Cinmar Lighting Systems , Huda Lighting , AlAbdulKarim Trading Company and among others.
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The Saudi Arabia Smart Lighting market has been segmented onthe basis of offering, communication technology, installation type, source andapplication. Based on offering market is categorized into hardware, softwareand services. On the basis of communication technology, market is segmentedinto Wired Technology and Wireless Technology. Based on installation type,market is segmented into New-Installation and Retrofit Installation. Based onsource, market is segmented into LED Lamps, Fluorescent Lamps, CompactFluorescent Lamps, High Intensity Discharge Lamps, and Others. Based on theapplication market is segmented into Commercial, Residential, PublicInfrastructure, and Others.
Key questions answered in thisresearch report:
· At what pace is the Saudi Arabia Smart Lighting market growing? Whatwill be a growth trend in the future?
· What are the key drivers and restraints in the current market? What willbe the impact of drivers and restraints in the future?
· 3What are the various application areas and how they are poised to grow?
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