GCC Smart Homes Market Driven by Growing Number of Smart City Projects, Increasing Internet Penetration and Rise in Online Streaming Services: Ken Research

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The GCC Smart Home Market has grown by 18.6% over the period 2014-2019 and has been driven by improving technology infrastructure in the region, the need to save costs incurred due to energy consumptions and a growing young working population that is ready to accept technology.

A Rising Tech-Savvy Working Population Ready to Adopt a Smart Lifestyle

Working populations across the GCC are rising, as the average number of workforces above the age of 15 increases. This new generation has shown its readiness to accept smart technology evident through smartphone adoption rates reaching as high as 64 % in the GCC (Deloitte study) and 85 % in the UAE (GSMA study). The young working-class is technologically literate and accepts the convenience offered by Smart Devices and will lead the demand for smart technology. Smart technology will help leverage home security and control to a population of workers who witness rising working hours and need such control features.

Energy Savings a Requirement in the GCC?

As governments across the GCC witness oil reserves diminishing, the need to find a more reliable source for power generation or to increase the efficiency of usage of power risen in the region. GCC countries have a high electricity consumption rate but production within said countries is not able to meet the demand, thus leading to higher prices for these utilities. Some countries even have differential pricing for ex-pats for example in the UAE and Bahrain, where ex-pats have to pay a higher amount. Factors like these and a will to help the environment and motivating GCC residents to look for cheap and innovative ways to save electricity and reduce consumption. Adoption of smart devices has thus come up as a viable option to reduce electricity consumption and smart devices have already started to increase their penetration across GCC households

Spoilt for Choice: Increase Presence of International Tech Giants in the GCC

Customers in the GCC are able to have a plethora of Smart home technology brands in multiple categories as more and more international players eye the market for its untapped potential. Major brands like Control4, Legrand, Honeywell, ABB and many others have started creating retail outlets in the region and some players like Johnson Controls are even contemplating manufacturing sites. Customers in the region can have a range of features and combinations available to them which are expected to drive positive competitiveness in the region while leaving scope for integrators to provide installation services.

Key Segments Covered: –

GCC Smart Home Market

By Country

UAE

Saudi Arabia

Qatar

Kuwait

Oman

Bahrain

By Application

Lighting

HVAC

Security & Access Control

Entertainment System

Others

By Connection

Wired Connection

Wireless Connection

UAE Smart Home Market

By Application

Lighting

HVAC

Security & Access Control

Entertainment System

Others

By Cities

Dubai

Abu Dhabi

Sharjah

Rest of UAE

By Property

Villas

Townhouses

Apartments

By Type of Sales

Retail Sales

Project Sales

By End Users

Real Estate Developers

Integrator Firms

Individuals

Others

Saudi Arabia Smart Home Market

By Application

Lighting

HVAC

Security & Access Control

Entertainment System

Others

By Cities

Riyadh

Jeddah

Dammam

Rest of Saudi Arabia

By Property

Villas

Townhouses

Apartments

By Type of Sales

Retail Sales

Project Sales

By End Users

Real Estate Developers

Integrator Firms

Individuals

Others

Companies Covered:

Control4

Legrand

Johnson Controls

Schneider Electric

Emerson

LG

Siemens

Greentec Automation

Shifra Smart Home

Apex Smart Home

Alayoubi Technologies

Elettrico

Dots Tech Systems

Fast Net

Exotic International

Key Target Audience

Smart Home Integrators

Real Estate Developers

Smart Home Manufacturers

Home Automation Companies

Venture Capitalists and PE Firms

Time Period Captured in the Report: –

Historical Period – 2014-2019

Forecast Period – 2020-2024F

Key Topics Covered in the Report: –

Industry Pain Points

Potential Addressable Market

GCC Smart Home Market Size and Segmentation

UAE Smart Home Market Snapshot

Saudi Arabia Smart Home Market Snapshot

Trends and Developments in GCC market

Supply Infrastructure – Ecosystem for Types of Types of Smart Devices

Demand Infrastructure – Ecosystem for Types of End Users

Market Operation, Challenges and Modes of Entry

Technology Stack: Layers of Technology Used in Smart Devices

Competitive Landscape

Company Profiles

Future Landscape of the GCC Smart Home Market

Analyst Recommendation: Future Opportunities

For More Information on the Research Report, refer to below links: –

GCC Smart Home Industry Growth

Related Reports by Ken Research: –

Saudi Arabia LED Lighting Market Outlook To 2023- By Type Of LEDs (Lamps And Luminaires), By Usage (Indoor And Outdoor), By Sector (Commercial, Residential, Industrial, Healthcare, Hospitality And Others), By Region, By Sales (Project And Retail)

UAE LED Lighting Market Outlook To 2023- By LEDs Lamps (LED Reflectors, LED Tubes, Others); Luminaires (Downlights, Troffers, Outdoor Area Lights, Roadway Fixtures, Spot Lights And Other Luminaires), By Usage (Indoor And Outdoor), By End Users

Contact Us: –

Ken Research

Ankur Gupta, Head Marketing and Communications

Ankur@kenresearch.com

+91-9015378249

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