Comfort & Lighting - Chad | Statista Market Forecast

Revenue in the Comfort & Lighting market is projected to reach US$1.6m in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 14.79%, resulting in a projected market volume of US$3.2m by 2029.
In the Comfort & Lighting market, the number of active households is expected to amount to 118.3k users by 2029.
Household penetration will be 1.9% in 2024 and is expected to hit 3.2% by 2029.
The average revenue per installed Smart Home currently is expected to amount to US$25.92.

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 Chad is experiencing significant growth and development in recent years. Customer preferences in the Comfort & Lighting market in Chad are shifting towards more energy-efficient and sustainable solutions.

Consumers are becoming more aware of the environmental impact of their choices and are actively seeking products that minimize energy consumption and reduce carbon emissions. This trend is driven by a global push for sustainability and the increasing availability of energy-efficient technologies in the market. In addition to energy efficiency, customers in Chad also prioritize affordability and durability when it comes to Comfort & Lighting products.

With limited disposable income, consumers are looking for cost-effective solutions that offer long-lasting performance. This preference for affordability and durability is particularly important in the context of Chad's challenging economic conditions. The Comfort & Lighting market in Chad is also influenced by local special circumstances.

The country has a significant rural population, with many households lacking access to reliable electricity. This has led to a high demand for off-grid lighting solutions, such as solar-powered lamps and lanterns. These products provide a reliable source of light in areas without access to the national grid, improving the quality of life for many Chadian households.

Furthermore, Chad's geographical location and climate also play a role in shaping the Comfort & Lighting market. The country experiences long periods of sunlight throughout the year, making solar energy an attractive and viable option for powering lighting systems. The abundance of sunlight provides an opportunity for the widespread adoption of solar-powered lighting solutions, reducing dependence on traditional energy sources and increasing energy independence.

Underlying macroeconomic factors also contribute to the development of the Comfort & Lighting market in Chad. The government's focus on infrastructure development and electrification initiatives has created a favorable environment for market growth. Investments in expanding the national grid and improving access to electricity have increased the market potential for Comfort & Lighting products.

Additionally, the government's efforts to promote renewable energy and energy efficiency have further stimulated market demand. In conclusion, the Comfort & Lighting market in Chad is experiencing growth and development driven by customer preferences for energy-efficient and sustainable solutions. Affordability, durability, and off-grid capabilities are also important factors influencing consumer choices.

Local special circumstances, such as limited access to electricity and abundant sunlight, contribute to the market's development. Furthermore, underlying macroeconomic factors, including government initiatives and investments, support market growth in Chad.

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.