Saudi Arabia Smart Lighting Market is expected to grow at a 16.28% CAGR Through 2029

Saudi Arabia Smart Lighting Market is expected to grow owing to increasing awareness of environmental issues and a desire to reduce carbon footprints throughout the forecast period.

 

According to TechSci Research report, “Saudi Arabia Smart Lighting Market – By Region, Competition, Forecast and Opportunities, 2019-2029”, the Saudi Arabia Smart Lighting Market is expected to register robust growth during the forecast period. Saudi Arabia has set ambitious energy efficiency targets as part of its Vision 2030 plan. Smart lighting, which can significantly reduce energy consumption through features like LED technology and automation, aligns with these goals. Saudi Arabia is actively investing in smart city projects, and smart lighting is an integral part of these initiatives. Opportunities exist in providing lighting solutions for public spaces, streets, and buildings in smart cities like Neom, Riyadh, and Jeddah.

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Based on Offering, the Software segment is projected to dominate the market throughout the forecast period. The Software segment is projected to dominate the Saudi Arabia Smart Lighting Market in 2023, reflecting the growing emphasis on integrated and intelligent lighting solutions that go beyond mere illumination. This trend is driven by several factors that align with the kingdom's broader vision for modernization and sustainability, particularly under the ambitious Vision 2030 initiative. Software in smart lighting encompasses various aspects, including lighting management systems, analytics, and control interfaces that allow for unprecedented customization, energy efficiency, and user convenience.

The increasing adoption of IoT and cloud computing technologies has facilitated the integration of advanced software solutions, enabling real-time monitoring and control of lighting systems. This integration supports energy conservation goals by optimizing lighting usage based on occupancy, daylight availability, and specific user requirements, which is particularly critical in commercial and industrial settings. Additionally, software solutions provide valuable data analytics that can be used to enhance operational efficiency and maintenance scheduling, reducing downtime and operational costs.

In the residential sector, the demand for smart home technologies is rising, with consumers seeking greater control over their living environments. Software-driven lighting solutions cater to this demand by offering features such as remote access, automated schedules, and compatibility with other smart home devices, thereby enhancing user comfort and convenience. The Saudi government's support for smart city projects is another significant factor propelling the software segment's dominance. Initiatives like the development of NEOM, a futuristic city incorporating smart technologies, heavily rely on advanced software to manage and integrate various smart infrastructure components, including lighting. Moreover, the trend towards green buildings and sustainable urban planning necessitates the use of sophisticated software to achieve energy efficiency standards and reduce carbon footprints. Furthermore, the software segment benefits from continuous advancements and innovations, making it an attractive investment for stakeholders.

Companies in the lighting industry are increasingly focusing on developing proprietary software platforms that can seamlessly integrate with existing systems and offer scalability for future expansions. These platforms often come with user-friendly interfaces and robust security features, addressing concerns related to data privacy and cybersecurity, which are paramount in the digital age. The growth of the software segment is also supported by a well-established ecosystem of service providers, including system integrators, software developers, and IT consultants, who offer customized solutions tailored to the specific needs of different sectors.

This ecosystem ensures that clients can effectively implement and leverage smart lighting technologies to their maximum potential. In summary, the projected dominance of the software segment in the Saudi Arabia Smart Lighting Market in 2023 is a testament to the critical role that intelligent, data-driven solutions play in modern lighting systems. As the country continues to embrace digital transformation and sustainable practices, the demand for advanced software solutions that enhance efficiency, convenience, and environmental responsibility is expected to rise, reinforcing the segment's leading position in the market.

 

Key market players in the Saudi Arabia Smart Lighting Market are:-

• Signify N.V.
• OSRAM Group companies
• Schneider Electric
• Cree Lighting USA LLC
• Legrand
• Leviton Manufacturing Co., Inc.
• Acuity Brands, Inc.
• Eaton Corporation plc
• Feilo Sylvania International Group Kft.
• Savant Technologies LLC   

 

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“The Saudi Arabia Smart Lighting Market in Riyadh is poised to be the dominant force in the industry. Riyadh's smart lighting market is expected to continue growing as the city further embraces smart city technologies. Advanced features, such as adaptive lighting based on real-time data and IoT integration, may become more common. Wireless technologies are popular in Riyadh's smart lighting systems to provide ease of installation and integration. Protocols like Zigbee, Z-Wave, and Wi-Fi enable centralized control and monitoring.” said Mr. Karan Chechi, Research Director of TechSci Research, a research-based global management consulting firm.

“Saudi Arabia Smart Lighting Market Segmented By Offering (Hardware, Software and Services), By Installation Type (New Installations and Retrofit Installations), By End Use Application (Indoor and Outdoor), By Communication Technology (Wired and Wireless), By Region, and By Competition, 2019-2029,” has evaluated the future growth potential of Saudi Arabia Smart Lighting Market and provides statistics & information on market size, structure, and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in Saudi Arabia Smart Lighting Market.

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