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GCC Smart Lighting Market – Opportunities & Forecast, 2020-2027 - Gurgaon
Tuesday, 29 September, 2020
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Gurgaon, Haryana
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The primary factors contributing to the growth of the GCC smart lighting market include the growing energy consumption and electricity demand in the GCC region, along with increasing urbanization and the rising growth in the real estate sector. Rising economic growth and population growth is creating a positive influence on the growth of the smart lighting market in the GCC region. The growing number of smartphone users, coupled with the easy availability of the internet, are some other factors fuelling the growth of the GCC smart lighting market size. Consumers are widely adopting smart lighting solutions due to its cost efficiency and remotely accessibility using smartphones and voice-command specifications. Growing penetration and reduce LED cost is also boosting the growth of the market.
The rising investment in smart homes by consumers and smart cities by the governments is further surging the growth of the market in this region. Government smart cities initiatives include Saudi Arabia Vision 2030, Saudi Arabia “NEOM,” Smart Dubai, Dubai Expo 2020, and Qatar vision 2030 are also propelling the demand for smart lighting in this region. The increasing preference among GCC governments for smart and green infrastructure solutions and the strong demand for energy-efficient lighting systems owing to the rising industrialization is further accelerating the growth of the market. On the other hand, the high installation cost and security and privacy concerns are hampering the market growth.
Visit: httpswww.gmiresearch.com/report/gcc-smart-lighting-market/
The rising investment in smart homes by consumers and smart cities by the governments is further surging the growth of the market in this region. Government smart cities initiatives include Saudi Arabia Vision 2030, Saudi Arabia “NEOM,” Smart Dubai, Dubai Expo 2020, and Qatar vision 2030 are also propelling the demand for smart lighting in this region. The increasing preference among GCC governments for smart and green infrastructure solutions and the strong demand for energy-efficient lighting systems owing to the rising industrialization is further accelerating the growth of the market. On the other hand, the high installation cost and security and privacy concerns are hampering the market growth.
Visit: httpswww.gmiresearch.com/report/gcc-smart-lighting-market/
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