Comfort & Lighting - Uzbekistan | Statista Market Forecast

Revenue in the Comfort & Lighting market is projected to reach US$12.4m in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 13.75%, resulting in a projected market volume of US$23.6m by 2029.
In the Comfort & Lighting market, the number of active households is expected to amount to 538.6k users by 2029.
Household penetration will be 3.8% in 2024 and is expected to hit 6.4% by 2029.
The average revenue per installed Smart Home currently is expected to amount to US$40.84.

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 Uzbekistan is experiencing significant growth and development due to changing customer preferences, emerging trends in the market, local special circumstances, and underlying macroeconomic factors. Customer preferences in the Comfort & Lighting market in Uzbekistan are shifting towards more energy-efficient and sustainable products.

Consumers are increasingly concerned about the environmental impact of their choices and are willing to invest in products that help reduce energy consumption and carbon emissions. This has led to a growing demand for energy-efficient lighting solutions and smart home systems that allow users to control and optimize their lighting usage. Trends in the Comfort & Lighting market in Uzbekistan are also influenced by global and regional market developments.

The growing popularity of smart home technology, for example, has led to an increased demand for smart lighting systems that can be controlled remotely via mobile devices. This trend is driven by the convenience and energy-saving benefits that smart lighting offers, as well as the increasing adoption of Internet of Things (IoT) technology in households. Local special circumstances in Uzbekistan, such as government initiatives and regulations, also play a role in shaping the Comfort & Lighting market.

The government has been actively promoting energy efficiency and sustainability in recent years, which has created a favorable environment for the development and adoption of energy-efficient lighting solutions. Additionally, the government has implemented policies to support the growth of the construction industry, which in turn drives the demand for lighting products in residential and commercial buildings. Underlying macroeconomic factors, such as population growth and urbanization, are contributing to the development of the Comfort & Lighting market in Uzbekistan.

As the population continues to increase and more people move to urban areas, the demand for comfortable and well-lit living spaces is also growing. This drives the need for innovative lighting solutions that can enhance the comfort and aesthetics of homes and buildings. In conclusion, the Comfort & Lighting market in Uzbekistan is experiencing growth and development due to changing customer preferences, emerging trends in the market, local special circumstances, and underlying macroeconomic factors.

The shift towards energy-efficient and sustainable products, the adoption of smart home technology, government initiatives, and population growth are all contributing to the positive trajectory of the market.

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.