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Dublin–(Business Wire) – This “UAE Smart Lighting Market by Product, Installation Type (New and Retrofit Installations), End-Use Application, Communication Technology (Wired, Wireless), Region, Competition, Forecast and Opportunity, to 2027” report added to ResearchAndMarkets.com’s supply.
The UAE smart lighting market is expected to grow at an impressive rate during the forecast period 2023-2027
The market growth can be attributed to the rising demand for energy-efficient lighting systems and the popularity of LED bulbs. In addition, infrastructure development in smart cities and advancements in wireless communication technologies are expected to drive market growth. Furthermore, the increasing adoption of IoT technology is expected to drive the UAE smart lighting market in the coming years.
As consumers become more aware of the advantages of installing energy-efficient systems in their homes, the demand for low-energy solutions is increasing. Smart lighting systems use far less energy than other traditional lighting systems.
Most smart lighting solutions are electronic or rely on electricity and other energy sources to function. Due to rapidly depleting and growing energy demand and skyrocketing electricity cost, market players are forced to create energy-efficient smart lighting systems. Furthermore, rising construction of residential and commercial areas and rising awareness about the benefits of adopting them are expected to increase the demand for smart lighting.
Key authorities are investing significant resources in R&D efforts to continuously improve the current infrastructure, thereby driving the demand for smart lighting. Market players have started applying technologies such as artificial intelligence and IoT, which can help consumers get real-time updates and information to make informed choices.
The government intends to install smart lighting systems for all ports, airports, roads and other public facilities in line with the UAE Vision 2021. For example, the government of Abu Dhabi is developing plans to replace thousands of street lights as part of a major energy initiative – the Efficiency Initiative.
E-commerce channels are popular among tech-savvy youth due to the availability of high-speed internet connections and the growing popularity of smart devices. In addition, market players are also turning to online sales channels to expand their consumer base and enhance brand awareness.
In the online marketplace, they offer high-tech, wireless smart lighting solutions at competitive prices. Other services offered by market players to attract customers to purchase their respective brands of smart lighting devices include fast home delivery, easy exchange procedures, and attractive discounts.
The wireless segment is expected to witness faster growth in the UAE smart lighting market owing to rising penetration of connected devices and IoT.
Research purposes:
To analyze the historical growth of the UAE smart lighting market market size from 2017-2021.
Estimate and forecast the market size of UAE smart lighting market from 2022 to 2027 and the growth rate to 2027.
The UAE smart lighting market is categorized and forecast by product, installation type, end use, communication technology, region and company.
To identify the dominant regions or segments of the UAE Smart Lighting market.
To identify the drivers and challenges of the UAE smart lighting market.
Competitive developments such as expansion, new product launches, mergers and acquisitions of the UAE Smart Lighting market are studied.
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 the UAE smart lighting market.
competitive landscape
Company Profiles: Detailed analysis of key companies in the UAE smart lighting market.
Reflective device
Ecological Smart Lamp TRDG
Global Lighting & Power LLC
Schneider Electric
philips lighting
General Electric Company
Honeywell International
Eaton Corporation
Legrand
OSRAM Lighting AG
Report scope:
Years considered in this report:
Historical years: 2017-2020
Base year: 2021
Estimated year: 2022
Forecast period: 2023-2027
UAE Smart Lighting Market, By Product:
hardware
software
Serve
UAE Smart Lighting Market, By Installation Type:
new installation
Retrofit installation
UAE Smart Lighting Market, By End Use:
UAE Smart Lighting Market, By Communication Technology:
UAE Smart Lighting Market, By Region:
dubai
Abu Dhabi
Sharjah
Rest of UAE
For more information on this report, please visit https://www.researchandmarkets.com/r/8fz2hh-smart?w=4
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