Comfort & Lighting - Algeria | Statista Market Forecast

Revenue in the Comfort & Lighting market is projected to reach US$21.4m in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 14.37%, resulting in a projected market volume of US$41.9m by 2029.
In the Comfort & Lighting market, the number of active households is expected to amount to 681.5k users by 2029.
Household penetration will be 5.3% in 2024 and is expected to hit 8.6% by 2029.
The average revenue per installed Smart Home currently is expected to amount to US$54.24.

Definition:

Comfort & Lighting market includes devices for the improvement of the living atmosphere. These are devices such as sensors and actuators (e.g., door and window sensors, shutters) as well as connected and remote controllable light sources (smart bulbs) or garage door controls.
Programmable or controllable power sockets are not included (see Control & Connectivity).

Additional Information:

The market comprises revenue, average revenue per smart home, number of smart homes so as the household penetration rate by smart home, and key players. Figures are generated through both online and offline sales channels and include exclusive spending by consumers (B2C). Market leaders include Philips, Google, Ring Samsung, and other brands renowned for their innovation, brand recognition, and expansive distribution channels within their respective categories. For more information on the data displayed, use the info button right next to the boxes.

Digitally connected and controlled devices for living atmosphere improvement
Smart lighting/bulbs
Window/door sensors (e.g., Ring Alarm Pack), shading devices (e.g., Lutron Caséta), garage door controls (e.g., Meross Smart WiFi Garage Door Opener)

Control buttons, gateways/hubs
Smart TVs
B2B/C2C sales of any kind (e.g., to hotels or office buildings)

The Comfort & Lighting market in Algeria has been experiencing significant growth in recent years. Customer preferences for comfortable and well-lit spaces, along with the increasing focus on energy efficiency, have been driving this trend.

Additionally, local special circumstances and underlying macroeconomic factors have also played a role in shaping the market. Customer preferences in Algeria have shifted towards creating comfortable and well-lit spaces. Consumers are increasingly seeking products and solutions that enhance their overall comfort and well-being.

This includes the demand for ergonomic furniture, high-quality lighting fixtures, and advanced control systems. With a growing awareness of the importance of a comfortable and well-lit environment, customers are willing to invest in products that meet their needs. In addition to customer preferences, there are several trends in the Comfort & Lighting market in Algeria.

One of the key trends is the increasing adoption of energy-efficient lighting solutions. With rising energy costs and a growing focus on sustainability, consumers are looking for lighting products that are both energy-efficient and environmentally friendly. LED lighting, in particular, has gained popularity due to its long lifespan and low energy consumption.

Another trend in the market is the integration of smart technology. As technology continues to advance, customers are increasingly interested in smart lighting solutions that offer convenience and control. This includes the ability to adjust lighting levels, colors, and schedules through smartphone apps or voice commands.

The integration of smart technology not only enhances the overall comfort and convenience of the space but also allows for energy savings through automated lighting control. Local special circumstances in Algeria have also influenced the development of the Comfort & Lighting market. The country's rapid urbanization and infrastructure development have created a demand for modern and well-designed spaces.

As a result, there is a growing need for comfortable and well-lit environments in residential, commercial, and public buildings. Additionally, the government's focus on improving the quality of life for its citizens has further fueled the demand for comfort and lighting solutions. Underlying macroeconomic factors have also contributed to the growth of the Comfort & Lighting market in Algeria.

The country's stable economic growth and increasing disposable income have allowed consumers to invest in products and solutions that enhance their living spaces. Additionally, the government's initiatives to promote energy efficiency and sustainability have created a favorable environment for the adoption of energy-efficient lighting solutions. In conclusion, the Comfort & Lighting market in Algeria is experiencing growth due to customer preferences for comfortable and well-lit spaces, the increasing focus on energy efficiency, local special circumstances, and underlying macroeconomic factors.

The demand for ergonomic furniture, high-quality lighting fixtures, and advanced control systems is driving the market forward. Additionally, the adoption of energy-efficient lighting solutions and smart technology is also shaping the market. With the country's rapid urbanization and infrastructure development, along with the government's focus on improving the quality of life, the Comfort & Lighting market in Algeria is expected to continue its upward trajectory.

Data coverage:

The data encompasses B2C enterprises. Figures are based on the sales of smart home products, excluding taxes.

Modeling approach:

Market sizes are determined through a bottom-up approach, building on a specific rationale for each market category. As a basis for evaluating markets, we use the Statista Global Consumer Survey, market data from independent databases and third-party sources, and Statista interviews with market experts. In addition, we use relevant key market indicators and data from country-specific associations, such as household internet penetration and consumer spending for households. This data helps us 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 relevant market. For example, the S-curve function and exponential trend smoothing are well suited for forecasting innovative products due to the non-linear growth of technology adoption. The main drivers are GDP/capita, level of digitization, and consumer attitudes toward smart home integration.

Additional notes:

The data is modeled using current exchange rates. The impact of the COVID-19 pandemic and the Russia-Ukraine war are considered at a country-specific level. The market is updated once a year, in case market dynamics change we do more frequent updates.

This report presents a comprehensive analysis and additional information on the Consumer market, in a PDF format.

Smart homes use connected devices and appliances to perform actions, tasks, and automated routines to save money, time, and energy. They are the ongoing revolution of the humble home appliance mixed with AI, robotics, and improvement in IoT technologies. AI in particular, speeding up response times and working as an automation bridge between homeowner and home is already having an impact.