Comfort & Lighting - Niger | Statista Market Forecast

Revenue in the Comfort & Lighting market is projected to reach US$1.9m in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 15.87%, resulting in a projected market volume of US$4.0m by 2029.
In the Comfort & Lighting market, the number of active households is expected to amount to 165.6k users by 2029.
Household penetration will be 1.6% in 2024 and is expected to hit 2.9% by 2029.
The average revenue per installed Smart Home currently is expected to amount to US$24.70.

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 Niger is experiencing significant growth and development in recent years. Customer preferences for comfortable and well-lit spaces, along with the increasing focus on energy efficiency, are driving the demand for comfort and lighting solutions in the country.

Additionally, local special circumstances and underlying macroeconomic factors are also contributing to the market's growth. Customer preferences in Niger are shifting towards more comfortable and well-lit living and working spaces. As people become more aware of the importance of a comfortable environment for productivity and well-being, the demand for comfort and lighting solutions is increasing.

Customers are looking for products that provide optimal lighting conditions and enhance their overall comfort levels. This includes the use of energy-efficient lighting solutions that reduce electricity consumption and lower utility costs. In line with global trends, the Comfort & Lighting market in Niger is witnessing several key developments.

Firstly, there is a growing demand for smart lighting systems that offer advanced features such as remote control, automated scheduling, and energy monitoring. These systems provide convenience and energy efficiency, making them attractive to both residential and commercial customers. Another trend in the market is the adoption of LED lighting solutions.

LED lights are known for their long lifespan, energy efficiency, and environmental friendliness. As the cost of LED technology continues to decrease, more customers in Niger are switching to LED lighting solutions. This trend is further supported by government initiatives promoting energy conservation and sustainable development.

Local special circumstances also contribute to the development of the Comfort & Lighting market in Niger. The country's rapid urbanization and increasing population are driving the demand for comfortable and well-lit living spaces. As more people migrate to urban areas, the need for efficient lighting and comfortable environments in residential buildings, offices, and public spaces is on the rise.

Furthermore, Niger's government has implemented policies and regulations to promote energy efficiency and sustainable development. These initiatives include the promotion of energy-efficient lighting solutions and the adoption of renewable energy sources. Such policies create a favorable environment for the growth of the Comfort & Lighting market in the country.

Underlying macroeconomic factors also play a role in the development of the Comfort & Lighting market in Niger. The country's stable economic growth and rising disposable incomes enable consumers to invest in comfort and lighting solutions. Additionally, the construction industry is booming, leading to an increased demand for comfort and lighting products in residential and commercial buildings.

In conclusion, the Comfort & Lighting market in Niger is experiencing significant growth and development driven by customer preferences for comfortable and well-lit spaces, the adoption of energy-efficient solutions, local special circumstances, and underlying macroeconomic factors. As the market continues to evolve, it is expected to witness further advancements in technology and an increasing focus on sustainability.

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.