Middle East & Africa Smart Lighting Market Grow at a CAGR of 19.5% During 2023–2029

Middle East & Africa smart lighting market is gaining traction because of the?rising IoT device adoption and accessibility, growing knowledge about the benefits of energy and financial savings using light fidelity technology, and a number of government initiatives to develop street light technologies as part of smart city initiatives.

BlueWeave Consulting, a leading strategic consulting and market research firm, in its recent study, expects Middle East & Africa smart lighting market size to grow at an impressive CAGR of 19.5% during the forecast period between 2023 and 2029.?Middle East & Africa smart lighting market?size are expanding due to rising IoT device adoption and accessibility, growing knowledge of the energy and financial savings benefits of using light fidelity technology, and a number of government initiatives to develop street light technologies as part of smart city initiatives. In addition, an increasing number of product releases by various brands in the Middle East and Africa are expected to provide the market with considerable growth opportunities during the forecast period. However, the high risk of data breaches and privacy, and the high cost of installation may act as a huge restraining factor for the market growth.

Middle East & Africa Smart Lighting Market – Overview

A smart lighting system is an internet-connected lighting solution for smart homes. To automate lights or control them remotely, one may use smart LED bulbs that include software that links to an app, smart home assistant, or another smart accessory, doing away with the need for conventional wall switches. Smart lights use wireless transmissions to deliver and receive their signals. They provide various benefits over traditional lighting including lower energy usage, a longer life span of lights, and increased security as these also include motion detection features.

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Middle East & Africa Smart Lighting Market – By End User

Based on end user, the Middle East & Africa Smart Lighting market is segmented into indoor and outdoor. The indoor segment accounts for a higher market share owing to the high demand from both residential and commercial sectors. Smart lighting is gaining huge popularity among the residents of these regions owing to increasing disposable income and rising house ownership. The commercial and industrial segment is expected to register growth at a higher CAGR in smart lighting adoption as they are highly efficient in energy conservation, which proves to be suitable in spaces that operate 24 x 7 such as offices and factories.

Impact of COVID-19 on the Middle East & Africa Smart Lighting Market

The unprecedented COVID-19 pandemic affected the growth of the Middle East & Africa smart lighting market. The increasing cases of the coronavirus prompted the governments of these regions to impose lockdown restrictions. This resulted in the temporary suspension of infrastructural development activities, inducing a subsequent decline in the installation of smart lighting and halting market growth. The pandemic also created a huge shortage of semiconductor chips in the market due to the lack of production in China. The shortage of semiconductor chips directly affected the sensor manufacturing industry, resulting in huge losses for the smart lighting market as well.

Competitive Landscape

Major players operating in the Middle East & Africa Smart Lighting market include Philips Lighting Holding B.V., Acuity Brands Lighting, Inc., Hafele, Honeywell International Inc, Cree, Inc., Digital Lumens, Inc., OSRAM GmbH., Lutron Electronics Co., Inc., and Legrand SA. To further enhance their market share, these companies employ various strategies, including mergers and acquisitions, partnerships, joint ventures, license agreements, and new product launches.

Don’t miss the business opportunity in the Middle East & Africa Smart Lighting Market. Consult our analysts to gain crucial insights and facilitate your business growth.

The in-depth analysis of the report provides information about growth potential, upcoming trends, and the Middle East & Africa Smart Lighting Market. It also highlights the factors driving forecasts of total market size. The report promises to provide recent technology trends in the Middle East & Africa Smart Lighting Market?and industry insights to help decision-makers make sound strategic decisions. Furthermore, the report also analyzes the growth drivers, challenges, and competitive dynamics of the market.

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