UAE smart lighting market is
anticipated to grow at an impressive CAGR in the forecast period, 2023-2027.
The growing demand for energy-efficient lighting systems and the surge in
popularity of LED bulbs and lighting are driving the demand for the UAE smart
lighting market. Also, the development of the smart city and the advancements
in wireless communication technology, and the increased use of IoT technology are expected to
create lucrative growth opportunities for the UAE smart lighting market over
the next five years.
Surge in Demand for
Energy-efficient lighting systems Drives the Market Growth
Consumers are becoming more
aware of the benefits of having an energy-efficient system in the residential
space, accelerating the demand for technologies that operate on low energy. The
smart lighting system considerably uses less power in comparison to the
traditional lighting system. The majority of the smart lighting systems are
electronic or electrical and usually operate on power and energy sources. The
rapid depletion and increased burden on energy sources coupled with soaring
electrical bills make the market players develop energy-efficient smart
lighting systems. Therefore, the growing construction of residential and
commercial spaces and increased awareness about the advantages of using smart
lighting system is expected to boost the demand for UAE smart lighting market
over the next five years.
Increased Installation of Smart
Street Lighting System Fuels the Market Growth
Leading authorities are
continuously working to improve the existing infrastructure by allocating
considerable funds to research and development activities. The outdoor lighting
systems are also changing from on and off systems to smart luminescence. Market
players have started to adopt technologies like the internet of things and
artificial intelligence, which can help consumers attain real-time updates and
information and make informed decisions. Based on UAE Vision 2021, the
government aims to install smart lighting products for all airports, ports,
roads, and other public infrastructure. Such as, in Abu Dhabi, the government
authorities are working on plans to replace thousands of streetlights as a part
of its major energy-efficiency drive. The municipality has awarded the contract
to Tatweer to install 43,000 LED lights across the United Arab Emirates. This
project is expected to deliver energy savings of about 900 million kilowatts over
the course of its 12-year agreement. Also, in Dubai, as a part of its Dubai
Clean Energy Strategy, the government authorities have set a target to produce
75 percent of energy through clean sources by 2050. An energy-saving system is
installed at Jumeirah Corniche, which switches on when it detects cyclists and
pedestrians. This project is on a trial basis and is operated by Philips
Lighting and Dubai’s Roads and Transport Authority. The upcoming and ongoing
energy-saving projects in UAE are expected to significantly contribute to the
UAE smart lighting market in the forecast period.
Emergence of Online Sales
Channel Supports the High Market Demand
The availability of
high-speed internet connections and the proliferation of smart devices boost
the popularity of e-commerce channels among the tech-savvy youth population.
Market players are also shifting toward the online sales channel to expand
their consumer base and improve their brand’s visibility. They offer advanced
and wireless smart lighting products at affordable rates on online platforms.
Quick doorstep delivery, easy exchange options, and lucrative discounts are the
other facilities the market players offer to attract customers to buy smart
lighting products from their respective brands.
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Market Segmentation
The UAE smart
lighting market is
segmented into offering,
installation type, end-use application, communication technology, regional distribution, and competitive landscape. Based on offering,
the market is divided into hardware, software, and service. Based on installation
type, the market is divided into new installations and retrofit installations. Based
on end-use application, the market is bifurcated
into indoor and outdoor. Based
on communication technology, the market is divided into wired and wireless. To
analyze the market based on the region, the UAE smart lighting market is
studied in major regions namely Dubai, Abu Dhabi, Sharjah, and rest of the UAE.
Market Players
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, are the major market players operating
in the UAE smart lighting market.
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Attribute
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Details
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Base Year
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2021
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Historic Data
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2017 – 2020
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Estimated Year
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2022
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Forecast Period
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2023 – 2027
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Quantitative Units
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Revenue in USD Million, and CAGR for 2017-2021 and 2022-2027
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Report coverage
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Revenue forecast, company share, competitive landscape, growth
factors, and trends
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Segments covered
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·
Offering
·
Installation
Type
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End-Use
Application
·
Communication
Technology
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Regional scope
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Dubai, Abu Dhabi, Sharjah, Rest of UAE
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Key companies profiled
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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
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Customization scope
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10% free report customization with purchase. Addition or
alteration to regional & segment scope.
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Pricing and purchase options
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Avail customized purchase options to meet your exact research
needs. Explore purchase options
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Delivery Format
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PDF and Excel through Email (We can also provide the editable
version of the report in PPT/Word format on special request)
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Report Scope:
In this report, UAE smart lighting
market has been segmented into following categories, in addition to the
industry trends which have also been detailed below:
- 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:
- UAE Smart Lighting Market, By Communication Technology:
- UAE Smart Lighting
Market, By Region:
- Dubai
- Abu Dhabi
- Sharjah
- Rest of UAE
Competitive Landscape
Company
Profiles: Detailed
analysis of the major companies present in UAE smart lighting market.
Available Customizations:
With the given market data, TechSci
Research offers customizations according to a company’s specific needs. The
following customization options are available for the report:
Company Information
- Detailed analysis and profiling of additional market players (up to
five).
UAE smart lighting market is
an upcoming report to be released soon. If you wish an early delivery of this
report or want to confirm the date of release, please contact us at [email protected]