Comfort & Lighting - Mauritius | Statista Market Forecast

Revenue in the Comfort & Lighting market is projected to reach US$519.0k in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 14.59%, resulting in a projected market volume of US$1.0m by 2029.
In the Comfort & Lighting market, the number of active households is expected to amount to 27.8k users by 2029.
Household penetration will be 5.0% in 2024 and is expected to hit 9.6% by 2029.
The average revenue per installed Smart Home currently is expected to amount to US$35.66.

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 Mauritius has witnessed 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 Comfort & Lighting market in Mauritius have shifted towards energy-efficient and sustainable solutions.

Consumers are increasingly looking for products that not only provide comfort and lighting but also help reduce energy consumption and minimize environmental impact. This shift in customer preferences has led to the rise of smart lighting systems and energy-efficient appliances in the market. Trends in the Comfort & Lighting market in Mauritius are aligned with global and regional market trends.

The market has witnessed an increased adoption of LED lighting solutions due to their energy efficiency, longer lifespan, and cost-effectiveness. LED lighting has become the preferred choice for residential, commercial, and industrial applications in Mauritius. Additionally, there is a growing demand for smart lighting systems that can be controlled remotely through mobile devices.

These systems offer convenience, customization, and energy savings. Local special circumstances in Mauritius have also contributed to the development of the Comfort & Lighting market. The country's tourism industry plays a significant role in driving the demand for high-quality comfort and lighting solutions.

Hotels, resorts, and other hospitality establishments require top-notch lighting and comfort systems to enhance the guest experience. This has created a niche market for luxury and premium comfort and lighting products in Mauritius. Underlying macroeconomic factors have further fueled the growth of the Comfort & Lighting market in Mauritius.

The country's steady economic growth, rising disposable incomes, and urbanization have led to an increase in construction activities and infrastructure development. This has created a demand for comfort and lighting solutions in residential, commercial, and public spaces. Additionally, government initiatives promoting energy efficiency and sustainability have also contributed to the market growth by encouraging the adoption of energy-efficient products.

In conclusion, the Comfort & Lighting market in Mauritius is developing rapidly due to changing customer preferences, emerging trends, local special circumstances, and underlying macroeconomic factors. The market is witnessing a shift towards energy-efficient and sustainable solutions, with LED lighting and smart lighting systems gaining popularity. The tourism industry and infrastructure development have also contributed to the market growth.

Overall, the future of the Comfort & Lighting market in Mauritius looks promising, driven by the increasing demand for high-quality and energy-efficient comfort and lighting solutions.

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.