UAE Smart Lighting Markets, Competition, Forecasts & Opportunities 2022-2027
DUBLIN–(BUSINESS WIRE)–The “UAE Smart Lighting Market By Offering, By Installation Type (New Installations and Retrofit Installations), By End-Use Application, By Communication Technology (Wired, Wireless), By Region, Competition, Forecast & Opportunities, 2027” report has been added to ResearchAndMarkets.com’s offering.
The UAE smart lighting market is projected to grow at a formidable rate during the forecast period, 2023-2027
The market growth can be attributed to the rising demand for energy-efficient lighting systems and the surge in the popularity of LED bulbs. Besides, the infrastructural development of the smart city and advances in wireless communication technology is anticipated to propel market growth. Moreover, the rising use of IoT technology is expected to fuel the UAE smart lighting market in the coming years.
The demand for low-energy solutions is increasing as consumers are becoming more aware of the advantages of having an energy-efficient system in their homes. Compared to other conventional lighting systems, the smart lighting system uses significantly less energy.
Most smart lighting solutions are electronic or rely on power and other energy sources to function. Market players are forced to create energy-efficient smart lighting systems due to the quick depletion and rising demand for energy sources and the skyrocketing cost of electricity. Moreover, the growing construction of residential and commercial areas and increased knowledge of the benefits of adopting them are expected to increase the demand for smart lighting.
Leading authorities are investing significant resources in research and development efforts to continuously improve the current infrastructure, fueling the demand for smart lighting. Market participants have started implementing technologies such as artificial intelligence and the internet of things, which can assist consumers in obtaining real-time updates and information to make informed choices.
The government intends to install smart lighting systems for all ports, airports, roadways, and other public facilities in accordance with UAE Vision 2021. For instance, the government of Abu Dhabi is developing plans to replace thousands of streetlights as part of a significant energy-efficiency initiative.
The popularity of e-commerce channels among the tech-savvy young people, owing to the availability of high-speed internet connections and the rising proliferation of smart devices. Besides, market players are also shifting toward online sales channels to expand their consumer base and improve their brand’s visibility.
On online marketplaces, they provide high-tech, wireless smart lighting solutions at competitive prices. Other services offered by market participants to entice customers to purchase smart lighting devices from their individual brands include quick doorstep delivery, simple exchange procedures, and attractive discounts.
The wireless segment is expected to register faster growth in the UAE smart lighting market owing to the rising penetration of connected devices and the Internet of Things.
Objective of the Study:
- To analyze the historical growth in the market size of the UAE smart lighting market from 2017 to 2021.
- To estimate and forecast the market size of UAE smart lighting market from 2022 to 2027 and growth rate until 2027.
- To classify and forecast the UAE smart lighting market based on offering, installation type, end-use application, communication technology, region, and company.
- To identify the dominant region or segment in the UAE smart lighting market.
- To identify drivers and challenges for the UAE smart lighting market.
- To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in the UAE smart lighting market.
- To identify and analyze the profiles of leading players operating in the UAE smart lighting market.
- To identify key sustainable strategies adopted by market players in UAE smart lighting market.
Competitive Landscape
Company Profiles: Detailed analysis of the major companies present in UAE smart lighting market.
- Trans Light Electricals
- Eco smart light TRDG
- Global Light & Power LLC
- Schneider Electric
- Philips Lighting N.V.
- General Electric Company
- Honeywell International Inc.
- Eaton Corporation
- Legrand SA
- OSRAM Light AG
Report Scope:
Years considered for this report:
- Historical Years: 2017-2020
- Base Year: 2021
- Estimated Year: 2022
- Forecast Period: 2023-2027
UAE Smart Lighting Market, By Offering:
- Hardware
- Software
- Service
UAE Smart Lighting Market, By Installation Type:
- New Installations
- Retrofit Installations
UAE Smart Lighting Market, By End-Use Application:
- Indoor
- Outdoor
UAE Smart Lighting Market, By Communication Technology:
- Wired
- Wireless
UAE Smart Lighting Market, By Region:
- Dubai
- Abu Dhabi
- Sharjah
- Rest of UAE
For more information about this report visit https://www.researchandmarkets.com/r/8fz2hh-smart?w=4
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