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: –
Contact Us: –
Ken Research
Ankur Gupta, Head Marketing and Communications
+91-9015378249
