Smart Lighting Market in the Middle East
The 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 and smart cities. 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.
Middle East Smart Lighting Market Revenues, $ Billion (2019 – 2025F)
Middle East Smart Lighting Market Revenue Share, By Countries (2018)
Middle East Home & Building Automation Market Revenues, $ Billion (2019 – 2025F)
Home and building automation systems help in monitoring and controlling mechanical operations inside commercial buildings, residential areas and other such premises. They operate on a centralized network support with various software that control and monitor the building's energy demand, security control and heating cooling systems.
Emergence of LI-FI (LIGHT FIDELITY)
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.
R&D of Smart and Green Technology Based Lighting Systems
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.
Middle East IoT Market Revenues, $ Billion (2019-2025)
New Trends in Middle East IoT Market
In the coming years, with emergence of new wireless communications networks designed for IoT applications along with development of advanced IT infrastructure for collection andanalysis of IoT sensor data would expand the present IoT solution coverage and push the adoption of consumers towards new and more advanced IoT enabled solutions. Some of the key solutions which are expected to record considerable growth are:
Middle East Lighting Fixture Market Revenue Share, By Countries (2018)
Saudi Arabia accounted for the largest share among Middle East countries, with the Kingdom capturing a 30.5% share of lighting fixture market pie in 2018, followed by Turkey, UAE, Iran and others. Countries such as the UAE, Jordan, Lebanon and Qatar are growing rapidly, in contrast to Kuwait, Bahrain and Oman which are gradually picking up the pace. With the transition from conventional lamps to LED and from LED lamps to fittings, the UAE witnessed the highest penetration of LED with adoption in almost all the major projects across the country.
Middle East Lighting Fixture Market Revenue Share, By Applications (2018)
Among all verticals, the industrial segment captured major revenue share in 2018 owing to higher deployment of lighting fixtures. Commercial vertical was majorly driven by commercial offices, retail outlets, shopping malls and others Over the coming years, education and healthcare vertical are likely to record maximum growth rate owing to rising demand across the applications.
Saudi Arabia Recorded Highest Revenue Share In Middle East
In 2018, Saudi Arabia recorded highest revenue share in Middle East, the Kingdom captured more than 30% revenue share of lighting fixture market followed by Turkey, UAE, Iran and others. Over the coming years, countries including UAE, Jordan, Lebanon and Qatar are expected to record rapid growth owing to higher demand of lighting fixture solutions. Key Upcoming Construction Projects in Saudi Arabia include:
- Jabal Omar Developers $7.8bn
- Makkah Grand Mosque Developer $2bn
- Kingdom Tower $26.6bn
- King Abdullah Financial District $5.3bn
Global events including Dubai EXPO2020 and mega projects such as Saudi Arabias's NEOM CITY are some of the key driving forces behind the increasing demand for home and building automation solutions across the Middle East.
Africa General Lighting Market Revenue Share, By Applications (2018)
The African lighting market is the emerging market prospects for LED lighting. This emerging economic modernization around African countries comes at a time of global economic recession, but Africa still maintains steady economic growth. South Africa became the first African countries in phasing out incandescent lamps. Africa has been committed to the development of sustainable lighting solutions seeking effective solutions to power consumption in the global low carbon trend, driven by demand for LED lighting increased. Over the coming years, Africa lighting market is expected to record considerable growth owing to infrastructure development and rising demand for low cost lighting solutions across the region
Africa General Lighting Market Revenues, $ Billion (2016 – 25F)
Market Insights & Reports by 6Wresearch | Official Knowledge Partner
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