Comfort & Lighting - Slovenia

Slovenia

Revenue in the Comfort & Lighting market is projected to reach €1.2m in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 19.43%, resulting in a projected market volume of €2.9m by 2029.
In the Comfort & Lighting market, the number of active households is expected to amount to 58.4k users by 2029.
Household penetration will be 3.9% in 2024 and is expected to hit 6.7% by 2029.
The average revenue per installed Smart Home currently is expected to amount to €35.75.

Marché

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Comparaison de régions

Monnaie

Analyst Opinion

The Comfort & Lighting market in Slovenia is experiencing significant growth and development. Customer preferences are shifting towards more energy-efficient and sustainable lighting solutions.

LED lighting is becoming increasingly popular due to its long lifespan and low energy consumption. Additionally, there is a growing demand for smart lighting systems that can be controlled remotely through smartphones or voice assistants. These customer preferences are driving the adoption of innovative lighting technologies in the market.

In terms of trends, the Comfort & Lighting market in Slovenia is witnessing a rise in the use of automated lighting systems. These systems use sensors and timers to adjust lighting levels based on occupancy and natural light availability. This not only enhances convenience but also helps to reduce energy consumption.

Moreover, there is a growing focus on human-centric lighting, which aims to mimic natural light patterns to improve well-being and productivity. Local special circumstances in Slovenia also contribute to the development of the Comfort & Lighting market. The country has a strong commitment to sustainability and energy efficiency, which is reflected in its policies and regulations.

The government has implemented various initiatives to promote the use of energy-efficient lighting solutions, such as subsidies and tax incentives. This creates a favorable environment for companies operating in the Comfort & Lighting market. Underlying macroeconomic factors also play a role in the market's development.

Slovenia has a stable economy with a high standard of living. This allows consumers to invest in quality lighting products and solutions. Furthermore, the country's construction industry is booming, leading to an increased demand for lighting products in residential, commercial, and industrial buildings.

The Comfort & Lighting market is expected to benefit from this growth in the construction sector. In conclusion, the Comfort & Lighting market in Slovenia is experiencing growth and development driven by customer preferences for energy-efficient and sustainable lighting solutions. The market is witnessing a shift towards LED lighting and the adoption of smart lighting systems.

Local special circumstances, such as government initiatives and a commitment to sustainability, contribute to the market's development. The stable economy and booming construction industry also play a role in driving the demand for lighting products. Overall, the Comfort & Lighting market in Slovenia is poised for continued growth in the coming years.

Methodology

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.