Saudi Arabia Smart Lighting Market Report by Offering (Hardware, Software, Services), Communication Technology (Wired Technology, Wireless Technology), Installation Type (New Installation, Retrofit Installation), Light Source (LED Lamps, Fluorescent Lamps, Compact Fluorescent Lamps, High Intensity Discharge Lamps, and Others), Application (Commercial, Residential, Public Infrastructure, and Others) 2024-2032

Saudi Arabia Smart Lighting Market Report by Offering (Hardware, Software, Services), Communication Technology (Wired Technology, Wireless Technology), Installation Type (New Installation, Retrofit Installation), Light Source (LED Lamps, Fluorescent Lamps, Compact Fluorescent Lamps, High Intensity Discharge Lamps, and Others), Application (Commercial, Residential, Public Infrastructure, and Others) 2024-2032

Report Format: PDF+Excel | Report ID: SR112024A1268
Year End sale Buy Now

Market Overview:

The Saudi Arabia smart lighting market size reached US$ 120.6 Million in 2023. Looking forward, IMARC Group expects the market to reach US$ 705.7 Million by 2032, exhibiting a growth rate (CAGR) of 21% during 2024-2032.

Report Attribute
 Key Statistics
Base Year
2023
Forecast Years
2024-2032
Historical Years
2018-2023
Market Size in 2023
US$ 120.6 Million
Market Forecast in 2032
US$ 705.7 Million
Market Growth Rate 2024-2032
21%


Smart-lighting is a technology designed for the efficient use of light resources through power saving fixtures with automated controls. This enables the consumer to alter ambient lighting according to the occupancy and availability of daylight. Smart-lighting products have applications in commercial, industrial and residential sectors and consist of a wall keypad and touchscreen panel that can be remotely accessed through voice command or a smartphone application. Smart lighting units use intelligent management systems to control the lights, benefitting consumers through lowered energy consumption and other economic and environmental benefits. Apart from being energy efficient, smart lighting systems provide a greater sense of security to the consumers as well. The user is also able to remotely switch on/off the house lights, giving an impression that the house is occupied.

The country’s increasing requirements for energy efficient lighting systems due to rising industrialization is among the key factors driving the Saudi Arabia smart lighting market. Moreover, factors such as increasing population, growth in the real estate sector and rising levels of urbanization are also creating a positive impact on the demand of smart lighting technology across the residential and commercial sectors. The Saudi Arabian government is also emphasizing on the adoption of smart lighting systems throughout the region in order to balance the rising energy demands and reduce operational costs. Moreover, the availability of various functionality in smart lighting technology such as sensors that can determine the occupancy of a room or a street and accordingly dim or turn off the lights, further adds to the convenience of the consumer. Additionally, acting on the Crown Prince Mohammed bin Salman Al Saud’s Vision 2030 plan, Saudi Arabia will be modernizing the infrastructure for various municipalities in the coming years. This includes the development of the Makkah and Riyadh Metro systems and an expansion to the King Abdulaziz International Airport, which are based on the smart lighting technology.

 

 
 

Note: Information in the above chart consists of dummy data and is only shown here for representation purpose. Kindly contact us for the actual market size and trends.

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Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each segment of the Saudi Arabia smart lighting market report, along with forecasts for the period 2024-2032. Our report has categorized the market based on offering, communication technology, installation type, light source and application.

Breakup by Offering:

  • Hardware
    • Lights and Luminaires
    • Lighting Controls
  • Software
  • Services
    • Design and Engineering
    • Installation
    • Post-Installation
       

Breakup by Communication Technology:

 

 
 

Note: Information in the above chart consists of dummy data and is only shown here for representation purpose. Kindly contact us for the actual market size and trends.

To get more information about this market, Request Sample

  • 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
     

Value Chain Analysis

Key Drivers and Challenges

Porters Five Forces Analysis

PESTEL Analysis

Government Regulations

Competitive Landscape

  • Competitive Structure
  • Key Player Profiles

Report Coverage:

Report Features Details
Base Year of the Analysis 2023
Historical Period 2018-2023
Forecast Period 2024-2032
Units US$ Million
Segment Coverage Offering, Communication Technology, Installation Type, Light Source, Application
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 3699
Five User License: US$ 4699
Corporate License: US$ 5699
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

Key Questions Answered in This Report

The Saudi Arabia smart lighting market was valued at US$ 120.6 Million in 2023.

We expect the Saudi Arabia smart lighting market to exhibit a CAGR of 21% during 2024-2032.

The ongoing development of smart city infrastructures, along with the rising consumer preference towards energy-efficient lighting systems that offer improved illumination while consuming less power, is primarily driving the Saudi Arabia smart lighting market.

The sudden outbreak of the COVID-19 pandemic had led to the implementation of stringent lockdown regulations across the nation, resulting in the temporary halt in numerous construction activities, thereby negatively impacting the Saudi Arabia smart lighting market.

Based on the offering, the Saudi Arabia smart lighting market can be divided into hardware, software, and services. Currently, hardware holds the majority of the total market share.

Based on the communication technology, the Saudi Arabia smart lighting market has been segmented into wired technology and wireless technology, where wired technology currently exhibits a clear dominance in the market.

Based on the installation type, the Saudi Arabia smart lighting market can be bifurcated into new installation and retrofit installation. Currently, new installation accounts for the largest market share.

Based on the light source, the Saudi Arabia smart lighting market has been segregated into LED lamps, fluorescent lamps, compact fluorescent lamps, high intensity discharge lamps, others. Among these, LED lamps currently hold the majority of the total market share.

Based on the application, the Saudi Arabia smart lighting market can be categorized into commercial, residential, public infrastructure, and others. Currently, commercial exhibits a clear dominance in the market.

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Saudi Arabia Smart Lighting Market Report by Offering (Hardware, Software, Services), Communication Technology (Wired Technology, Wireless Technology), Installation Type (New Installation, Retrofit Installation), Light Source (LED Lamps, Fluorescent Lamps, Compact Fluorescent Lamps, High Intensity Discharge Lamps, and Others), Application (Commercial, Residential, Public Infrastructure, and Others) 2024-2032
Purchase Options Year End sale




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