Lamps & Lighting - Oman

Oman

In 2024, the revenue in the Lamps & Lighting market in Oman amounts to US$85.96m.
It is projected that the market will experience an annual growth rate of 2.53% (CAGR 2024-2029).
When compared to other countries worldwide, in the United States generates the highest revenue in this segment, reaching US$31,960m in 2024.
On a per-person basis, the revenue generated in Oman amounts to US$18.24 in 2024.
The demand for traditional Omani-style lamps in the local market is experiencing a resurgence due to a growing interest in preserving cultural heritage.

Key regions: Brazil, China, Denmark, United Kingdom, Worldwide

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Analyst Opinion

The Lamps & Lighting market in Oman has experienced significant growth in recent years, driven by changing customer preferences, emerging trends in the market, local special circumstances, and underlying macroeconomic factors.

Customer preferences: in the Lamps & Lighting market in Oman have shifted towards energy-efficient and eco-friendly lighting solutions. With growing awareness about the importance of sustainability and environmental conservation, customers are increasingly opting for led lamps and lighting fixtures. led technology offers several advantages, including lower energy consumption, longer lifespan, and reduced maintenance costs. Additionally, customers are also looking for aesthetically pleasing lighting designs that enhance the overall ambiance of their homes or commercial spaces. In line with global trends, the Lamps & Lighting market in Oman is witnessing a rise in smart lighting solutions. With the increasing adoption of smart home technologies, customers are seeking lighting systems that can be controlled remotely through smartphones or voice assistants. Smart lighting offers features such as dimming, color-changing capabilities, and scheduling options, providing convenience and flexibility to users. This trend is expected to drive the demand for smart lighting solutions in the country.

Local special circumstances: such as the government's focus on infrastructure development and urbanization, have also contributed to the growth of the Lamps & Lighting market in Oman. The government has been investing in the construction of residential and commercial buildings, as well as infrastructure projects such as airports, hotels, and shopping malls. These developments have created opportunities for the lighting industry, as new buildings require lighting fixtures and solutions. Moreover, the government's emphasis on energy efficiency and sustainability has further boosted the demand for energy-efficient lighting solutions.

Underlying macroeconomic factors: including economic growth and rising disposable incomes, have played a significant role in the development of the Lamps & Lighting market in Oman. As the economy continues to expand, consumers have more purchasing power, allowing them to invest in high-quality lighting products. Additionally, the growth of the construction sector and the increasing number of commercial establishments have created a favorable environment for the lighting industry. In conclusion, the Lamps & Lighting market in Oman is experiencing growth due to changing customer preferences, emerging

Trends in the market: local special circumstances, and underlying macroeconomic factors. The shift towards energy-efficient and eco-friendly lighting solutions, the rise of smart lighting, government focus on infrastructure development, and economic growth are key drivers of the market's development. As these factors continue to shape the industry, the Lamps & Lighting market in Oman is expected to witness further growth in the coming years.

Methodology

Data coverage:

Data encompasses B2C enterprises. Figures are based on home furnishings and furniture found in every room of the home. This market is segmented by the room where the furniture is likely to be used and consists of the following: Living Room, Bedroom, Kitchen and Dining room, Bathroom, Outdoor, and Home Office. The Furniture market also includes Lamps and Lighting and Home Decor because the furnishings and accessories within these segments are not specific to any room.

Modeling approach / Market size:

Market sizes are determined by a top-down approach, based on a specific rationale for each market segment. As a basis for evaluating markets, we use national statistical offices, international institutions, in-house market research, and resources from the Statista platform. Next we use relevant key market indicators and data from country-specific associations such as consumer spending and GDP. This data helps us to estimate the market size for each country individually.

Forecasts:

In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the particular market. For example, exponential trend smoothing is well suited for forecasting the Furniture market with a projected steady growth. The main drivers are furniture and furnishings, carpets and other floor coverings, and consumer spending per capita.

Additional Notes:

The market is updated twice per year in case market dynamics change. The impact of the COVID-19 pandemic is considered at a country-specific level.