SMART LIGHTING MARKET REPORT BY · FIXTURES SMART BULBS [ Middle East Smart Lighting Market Share,...
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SMART LIGHTING MARKET MIDDLE EAST Forecast & Opportunities, 2023 Middle East smart lighting market is anticipated to register healthy growth rate in the coming years, on account of favorable government initiatives towards energy efficiency , smart cities, etc. Moreover, high per capita income, growing preferences for luxurious homes and growing Internet of Things (IoT) market is expected to drive the region’s smart lighting market. Smart lighting includes lighting controls, fixtures and smart bulbs. Emergence of LI-FI (LIGHT FIDELITY) and other technological advancements, increasing number of smart city initiatives, surging penetration of non-visible LED lighting, rising demand for real-time home security, and growing innovation and advancements in wireless technology are anticipated to drive the global smart lighting market during 2018 – 2023. Expanding Internet of Things (IoT) market and increasing commercialization of smart LED systems by various companies are likely to further aid the global smart lighting market over the next five years. [ Middle East Smart Lighting Market Size, BY VALUE, 2023-2017F (USD MILLION) ] Adoption of LEDs grew at a rapid pace across the region, as these lights are energy efficient and require low maintenance. Moreover, with declining LED prices, the segment is expected to register the fastest growth in the Middle East smart lighting market during forecast period. Owing to growing population, demand for energy efficiency measures as well as residential units is increasing, which in turn is aiding the region’s smart lighting market. 2017 550.80 678.75 843.80 1,057.64 1,335.75 1,696.87 2,157.21 2018E 2019F 2020F 2021F 2022F 2023F Increasing investments in the R&D of smart and green technology based lighting systems to minimize carbon emissions, surging number of mega residential and commercial projects, growing Internet of Things (IoT) technology development projects, and booming demand for connected lighting indoor positioning systems across various applications are expected to aid the region’s smart lighting market during 2018-2023. CAGR 2017-2023F 25.55% On the back of shifting preferences of people towards luxurious facilities, growing adoption of home automation solutions and increasing demand for solar street lights across the Middle East, demand for lighting controls is growing, as they offer energy efficient and easy-to-use lighting solutions to the users. Over the past few years, activities related to large-scale construction, government investments in the construction of industrial and commercial infrastructure, etc., has grown across the region, and the same trend is anticipated to be witnessed in the coming years as well, which is likely to boost the adoption of fixtures in the Middle East. Increasing product offerings by different players across the value chain and decreasing prices of smart bulbs are all set to drive the adoption of smart bulbs in the Middle East during the forecast period. Moreover, supported features by smart bulbs in terms of switching module, dimming module, occupancy sensor, day light sensor, etc., are further expected to increase their adoption rate during the forecast period. LIGHT CONTROLS 47.97% 2020F 48.75% 2017 41.70% 2020F 41.35% 2017 10.33% 2020F 9.90% 2017 FIXTURES SMART BULBS [ Middle East Smart Lighting Market Share, BY PRODUCT TYPE, BY VALUE, 2017 & 2020F ] Number of innovations and developments across wireless technologies such as Wi-Fi, ZigBee, etc., is growing across the Middle East region along with increasing demand for sensor based lighting systems. This is anticipated to aid the Lighting as a Service market across the region in coming years. Over the past few years, penetration of smart devices such as smartphones, tablets, smartwatches, etc., has registered strong growth across the region. As smart devices enable the users to manage and control smart lighting devices through various mobile applications, adoption of smartphone application based smart lighting solutions is increasing across the Middle East region. LIGHTING AS A SERVICE 14.62% 2020F 12.38% 2017 85.38% 2020F 87.62% 2017 SMARTPHONE APPLICATION [ Middle East Smart Lighting Market Share, BY SOFTWARE & SERVICES, BY VALUE, 2017 & 2020F ] Increasing focus towards energy efficiency and technology penetration is all set to fuel the indoor smart lighting market in the Middle East. Moreover, growing market for smart homes and connected appliances is also anticipated to aid the adoption of smart lights for indoor applications across the region. With growing government initiatives towards reducing the carbon emission and energy efficiency along with the government vision to support the sustainable growth, the market of smart outdoor lighting in the Middle East is forecast to grow at the highest CAGR during the forecast period. INDOOR LIGHTING 24.78% 2020F 23.56% 2017 OUTDOOR LIGHTING MIDDLE EAST SMART LIGHTING MARKET OUTLOOK 75.22% 2020F 76.44% 2017 Various countries in the Middle East region are dedicated towards deploying energy efficient lighting solutions across residential, commercial, industrial and other sectors, to reduce carbon footprints and emissions as well as to provide a sustainable environment across the region. The demand for these lighting systems is anticipated to grow during forecast period, thereby making LED the fastest growing light source type in the region’s smart lighting market. Demand for fluorescent lamps and high density discharge lamps is anticipated to decline in the Middle East in coming years, as these lamps are not energy-efficient and emit high carbon as compared to LED lights. LED 75.44% 2020F 73.26% 2017 18.16% 2020F 19.09% 2017 2.79% 2020F 4.19% 2017 FLUORESCENT LAMPS AND HIGH DENSITY DISCHARGE LAMPS [ Middle East Smart Lighting Market Share, BY LIGHT SOURCE, BY VALUE, 2017 & 2020F ] [ Middle East Smart Lighting Market Share, BY APPLICATION, BY VALUE, 2017 & 2020F ] UNITED ARAB EMIRATES KUWAIT KINGDOM OF SAUDI ARABIA 38.19% 2023F 37.87% 2017 39.27% 2023F 39.91% 2017 5.80% 2023F 4.85% 2017 3.85% 2023F 5.01% 2017 REST OF MIDDLE EAST REPORT BY: For further information: [email protected]
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SMART LIGHTING MARKETMIDDLE EAST Forecast & Opportunities, 2023
Middle East smart lighting market is anticipated to register healthy growth rate in the coming years, on account of favorable government initiatives towards energy efficiency, smart cities, etc.
Moreover, high per capita income, growing preferences for luxurious homes and growing Internet of Things (IoT) market is expected to drive the region’s smart lighting market.
Smart lighting includes lighting controls, fixtures and smart bulbs.
Emergence of LI-FI (LIGHT FIDELITY) and other technological advancements, increasing number of smart city initiatives, surging penetration of non-visible LED lighting, rising demand for real-time home security, and growing innovation and advancements in wireless technology are anticipated to drive the global smart lighting market during 2018 – 2023.
Expanding Internet of Things (IoT) market and increasing commercialization of smart LED systems by various companies are likely to further aid the global smart lighting market over the next five years.
[ Middle East Smart Lighting Market Size, BY VALUE, 2023-2017F (USD MILLION) ]
Adoption of LEDs grew at a rapid pace across theregion, as these lights are energy efficient and
require low maintenance.
Moreover, with declining LED prices, the segment is expected to register the fastest growth in the Middle
East smart lighting market during forecast period. Owing to growing population, demand for energy efficiency measures as well as residential units is
increasing, which in turn is aiding the region’s smart lighting market.
2017
550.80678.75 843.80
1,057.64
1,335.75
1,696.87
2,157.21
2018E 2019F 2020F 2021F 2022F 2023F
Increasing investments in the R&D of smart and green technology based lighting systems to minimize carbon emissions, surging number of mega residential and commercial projects, growing Internet of Things (IoT) technology development projects, and booming demand for connected lighting indoor positioning systems across various applications are expected to aid the region’s smart lighting market during 2018-2023.
CAGR 2017-2023F 25.55%
On the back of shifting preferences of people towards luxurious facilities, growing adoption of home automation solutions and increasing demand for solar street lights across the Middle East, demand for lighting controls is growing, as they offer energy efficient and easy-to-use lighting solutions to the users.
Over the past few years, activities related to large-scale construction, government investments in the construction of industrial and commercial infrastructure, etc., has grown across the region, and the same trend is anticipated to be witnessed in the coming years as well, which is likely to boost the adoption of fixtures in the Middle East.
Increasing product offerings by different players across the value chain and decreasing prices of smart bulbs are all set to drive the adoption of smart bulbs in the Middle East during the forecast period. Moreover, supported features by smart bulbs in terms of switching module, dimming module, occupancy sensor, day light sensor, etc., are further expected to increase their adoption rate during the forecast period.
LIGHT CONTROLS
47.97%2020F
48.75%2017
41.70%2020F
41.35%2017
10.33%2020F
9.90%2017
FIXTURES SMART BULBS
[ Middle East Smart Lighting Market Share, BY PRODUCT TYPE, BY VALUE, 2017 & 2020F ]
Number of innovations and developments across wireless technologies such as Wi-Fi, ZigBee, etc., is growing across the Middle East region along with increasing demand for sensor based lighting systems. This is anticipated to aid the Lighting as a Service market across the region in coming years.
Over the past few years, penetration of smart devices such as smartphones, tablets, smartwatches, etc., has registered strong growth across the region. As smart devices enable the users to manage and control smart lighting devices through various mobile applications, adoption of smartphone application based smart lighting solutions is increasing across the Middle East region.
LIGHTING AS A SERVICE
14.62%2020F
12.38%2017
85.38%2020F
87.62%2017
SMARTPHONE APPLICATION
[ Middle East Smart Lighting Market Share, BY SOFTWARE & SERVICES, BY VALUE, 2017 & 2020F ]
Increasing focus towards energy efficiency and technology penetration is all set to fuel the indoor smart lighting market in the Middle East. Moreover, growing market for smart homes and connected appliances is also anticipated to aid the adoption of smart lights for indoor applications across the region.
With growing government initiatives towards reducing the carbon emission and energy efficiency along with the government vision to support the sustainable growth, the market of smart outdoor lighting in the Middle East is forecast to grow at the highest CAGR during the forecast period.
INDOOR LIGHTING
24.78%2020F
23.56%2017
OUTDOOR LIGHTING
MIDDLE EAST SMART LIGHTING MARKET OUTLOOK
75.22%2020F
76.44%2017
Various countries in the Middle East region are dedicated towards deploying energy efficient lighting solutions across residential, commercial, industrial and other sectors, to reduce carbon footprints and emissions as well as to provide a sustainable environment across the region. The demand for these lighting systems is anticipated to grow during forecast period, thereby making LED the fastest growing light source type in the region’s smart lighting market.
Demand for fluorescent lamps and high density discharge lamps is anticipated to decline in the Middle East in coming years, as these lamps are not energy-efficient and emit high carbon as compared to LED lights.
LED
75.44%2020F
73.26%2017
18.16%2020F
19.09%2017
2.79%2020F
4.19%2017
FLUORESCENT LAMPS AND HIGH DENSITY DISCHARGE LAMPS
[ Middle East Smart Lighting Market Share, BY LIGHT SOURCE, BY VALUE, 2017 & 2020F ]
[ Middle East Smart Lighting Market Share, BY APPLICATION, BY VALUE, 2017 & 2020F ]
UNITED ARAB EMIRATES KUWAITKINGDOM OF SAUDI ARABIA
38.19%2023F
37.87% 2017
39.27%2023F
39.91% 2017
5.80% 2023F
4.85% 2017
3.85%2023F
5.01% 2017
REST OFMIDDLE EAST
REPORT BY:
For further information: [email protected]
