The major factors driving the growth of the Saudi Arabia Smart LED Lighting market during the forecast period include the growing integration of lighting solutions with smart devices, rising government initiatives and policies for energy conservation, and the rising adoption of the standard protocol for lighting control systems in Saudi Arabia. Various government initiatives, such as the National Energy Efficiency Programme (NEEP) and Vision 2030, are encouraging the customers to opt for Smart LED lighting systems to reduce energy consumption. Moreover, Saudi Arabian government is heavily investing in the construction of ongoing and upcoming projects such as the smart city project Neom, Al Widyan, the Riyadh Metro systems, the Red Sea project, Qiddiya entertainment city, and Jeddah tower, which will drastically increase the demand for Smart LED lights, thereby boosting the growth of the Saudi Arabia Smart LED lighting markets over the coming years. On the other hand, the high installation cost and the security & reliability concerns associated with smart LED lights will hamper the growth of the Saudi Arabia Smart LED Lighting market over the coming years.
Request Sample Report : https://www.gmiresearch.com/report/saudi-arabia-smart-led-lighting-market/sample-request
An LED light is an energy-efficient light that emits light when current flows through it. Smart LED lighting consists of fixture and automated controls, which are energy-efficient and adjusts according to the conditions such as room occupancy, or daylight lighting. Smart LED lighting saves energy and cost by reducing energy consumption and is widely used for different indoor and outdoor applications.
Read Full Report Description: Saudi Arabia Smart LED Lighting Market By Installation Type (New Installations, and Retrofit Installations), By Offering (Hardware {Lights & Luminaires [Smart Bulbs, and Fixtures], and Lighting Control [LED Drivers & Ballasts, Sensors¸ Switches¸ Dimmers, Relay Units, and Gateways]}, Software {Local/Web-Based Software, and Cloud-Based Software}, and Services {Pre-Installation Services, and Post-Installation Services}), By Application (Indoor {Residential, Commercial [Retail, Hospitality, and Office Lighting], Industrial, and Others}, and Outdoor {Highways & Roadways Lighting, Architectural Lighting, and Lighting for Public Places}), By Communication Technology (Wired Technology {DALI, Power Over Ethernet (PoE), Power-Line Communication (PLC), and Wired Hybrid Protocols}, and Wireless {ZigBee, Wi-Fi, BLE, EnOcean, 6LoWPAN, and Wireless Hybrid Protocols}) – Opportunities and Forecast, 2019-2026 https://www.gmiresearch.com/report/saudi-arabia-smart-led-lighting-market/
Based on the offering, the hardware segment is expected to grow at a higher CAGR during the forecast period due to the increasing integration of lighting controls with light and luminaries. This integration allows embedding of software on microcontrollers, thereby adding intelligence to the whole lighting control system. This type of lighting system provides sensing and control at a dimensional resolution, which will attract a large number of customers towards the adoption of Smart LED lighting systems in Saudi Arabia.
Based on the application, the outdoor application segment is expected to grow at higher CAGR during the forecast period owing to the increasing infrastructure projects such as development of smart city project, the Red Sea Project, Riyadh Rapid Bus Transit System, and Riyadh Metro coupled with the rising investment in the construction of roads and highways projects across Saudi Arabia. The Saudi Arabia Transport Ministry has announced 75 road projects under the road improvement plans and 23 new road projects, amounting to USD 461.3 million to be constructed in Makka, Riyadh, Assir and other parts of Saudi Arabia. This continuous rise in the construction activities will drive the demand for outdoor Smart LED lights, thereby accelerate the growth of the market over the coming years.
To View Full Table of Content: https://www.gmiresearch.com/report/saudi-arabia-smart-led-lighting-market/toc
Based on the communication technology, the wired communication segment is expected to grow at a higher CAGR during the forecast period owing to the declining cost of LEDs, the rising adoption of PoE lighting solutions across the commercial & industrial sector, and the increasing demand for cost-effective lighting solutions in Saudi Arabia.
Various notable players operating in the Saudi Arabia Smart LED Lighting market include General Electric Saudi Arabia, Philips Lighting Saudi Arabia Company, Al Nasser Group, Cooper Lighting (Eaton), Zumtobel Lighting Saudi Arabia, Al Fanar Company Ltd, Osram/Ledvance, Cinmar Lighting Systems, Zubair Electric Group/ Spectra Lighting & Power Solutions LLC, among others.
Request free 25% Customization: https://www.gmiresearch.com/report/saudi-arabia-smart-led-lighting-market/request-for-customization
The Saudi Arabia Smart LED Lighting market has been segmented based on installation type, offering, application, and communication technology. Based on Installation Type, the market is segmented into New Installations, and Retrofit Installations. Based on offering, the market is segmented into hardware, software, and services. The hardware segment is further segmented into Lights & Luminaires and Lighting Control. Lights & luminaires are further categorized into Smart Bulbs and Fixtures. Lighting controls are further categorized into LED Drivers & Ballasts, Sensors¸ Switches¸ Dimmers, Relay Units, and Gateways. Based on software, the market is segmented into Local/Web-Based Software and Cloud-Based Software. Based on services, the market is segmented into Pre-Installation Services and Post-Installation Services. Based on the application, the market is segmented into indoor and outdoor. The indoor segment is further categorized into Residential, Commercial, Industrial, and Others. The commercial segment comprises Retail, Hospitality, and Office Lighting. The outdoor segment includes Highways & Roadways Lighting, Architectural Lighting, and Lighting for Public Places. Based on communication technology, the market is segmented into wired and wireless. The wired segment comprises DALI, Power Over Ethernet (PoE), Power-Line Communication (PLC), and Wired Hybrid Protocols. The wireless segment includes ZigBee, Wi-Fi, BLE, EnOcean, 6LoWPAN, and Wireless Hybrid Protocols.
Market Segmentation
Saudi Arabia Smart Meter Market by Installation Type
Saudi Arabia Smart Meter Market by Offering
Saudi Arabia Smart LED Lighting Market by Application
Saudi Arabia Smart LED Lighting Market by Communication Technology
Saudi Arabia Smart LED Lighting Market Leading Players (Option 1: Free 25% Customization – Profiles of 5 Additional Companies of your Choice)
About GMI Research
GMI Research is a market research & consulting firm which helps its client to address their most pressing strategic and business challenges. Our market research helps our clients to address business challenges and also helps them to make better business decisions with our fact-based insights, intelligence, and data. Our insights and intelligence equip our clients with information not known to them and aid them in solving the toughest business problems. We help business leaders through independent fact-based insight, ensuring their business achieve success by beating the competition.
GMI Research leverages its industry expertise and experience to identify the industry trends, big opportunities and potential growth areas across industries. Our Syndicated reports provide actionable insights and covers industry trends, market drivers & restraints, macroeconomic factors, market estimates & forecasts, competitive landscape etc. which helps our clients to strengthen its market position by deploying specific strategies and actions that will lead to higher growth.
Our Customized Research (Market Intelligence and Competitive Intelligence) Offerings
Our clients rely on us for the range of our services to give them the intelligence they need to act decisively. GMI Research offers in-depth market and competitive intelligence solutions by leveraging its industry knowledge and experience to provide accurate insights with a complete picture of the market and competition. To know more about our product offering click on the below link:
https://www.gmiresearch.com/productservices/marketcompetitiveintelligence.html
Media Contact
Company Name: GMI RESEARCH
Contact Person: Sarah Nash
Email: enquiry@gmiresearch.com
Phone: Europe: +353 1 442 8820; U.S: +1 860 881 2270
Address: Dublin, Ireland
Website: www.gmiresearch.com