Indian Smart Lighting Market

Indian Smart Lighting Market

According to the latest report by IMARC Group, titled “Indian Smart Lighting Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027”, the Indian smart lighting market is expected to exhibit a CAGR of 35.91% during 2022-2027.

Smart lighting refers to an innovative lighting technology that facilitates the efficient use of light resources. It is accessible through an application, smart home assistant, or other devices. It allows individuals to automate the lights or control them remotely to adjust the lighting and change the color and brightness of fixtures, depending on occupancy and external lighting. It uses motion sensors to detect the presence or movement of individuals within an environment and can automatically switch the lights on and off. It is also equipped with power-saving features, automated controls, real-time illumination monitoring, and intelligent sensing for smooth operations. In recent years, smart lighting has gained immense popularity in India as it helps reduce energy consumption, cut electricity costs, and enhance user convenience.

Note: We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report. The market is segmented by size and region. The report provides an analysis of the key trends in each sub-segment of the market, along with forecasts at the regional level from 2022-2027. The report also includes competitive landscape of major key players in the industry along with emerging trends in the market.

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Market Trends and Growth Factors:

Compared to traditional lighting solutions, such as incandescent bulbs, halogens and CFLs, smart lighting is more economical, sustainable, and consumes lesser power. As a result, the growing need for energy-efficient lighting systems represents the primary factor driving the Indian smart lighting market. Besides this, the surging popularity of smart homes due to rapid urbanization, improving lifestyles, and elevating income levels is another major growth-inducing factor.

Additionally, with the rising need for energy conservation, the Government of India is taking favorable initiatives to promote the usage of more energy-efficient products, such as smart lighting. In line with this, extensive investments in the development of public infrastructure and smart cities across the country have augmented the product demand.

Furthermore, several product innovations, such as the launch of modular and intelligent lighting systems equipped with wireless and sensor technology, Bluetooth connectivity, and voice-command features, have propelled the market growth. Other factors, including the introduction of IoT-based lighting, increasing electricity demand-supply gap, rising consumer awareness regarding energy savings, surging affordability of smart lights, and technological advancements, are also creating a positive market outlook.

Indian Smart Lighting Market 2022-2027 Competitive Analysis and Segmentation:

Competitive Landscape with Key Players:                               

The competitive landscape of the Indian smart lighting market has been studied in the report with the detailed profiles of the key players operating in the market.

Key Market Segmentation:

The report has segmented the Indian smart lighting market on the basis of offering, communication technology, installation type, light source, application and region.

Breakup by Offering:

  • Hardware
  • Software
  • Services

Breakup by Communication Technology:

  • Wired Technology
  • Wireless Technology

Breakup by Installation Type:

  • New Installation
  • Retrofit Installation

Breakup by Light Source:

  • LED Lamps
  • Fluorescent Lamps
  • Compact Fluorescent Lamps
  • High Intensity Discharge Lamps
  • Others

Breakup by Application:

  • Commercial
  • Residential
  • Public Infrastructure
  • Others

Breakup by Region:

  • North India
  • West and Central India
  • South India
  • East India

Explore Full Report With TOC & List of Figures: https://www.imarcgroup.com/indian-smart-lighting-market

Key Highlights of the Report:

  • Market Performance (2016-2021)
  • Market Outlook (2022-2027)
  • Market Trends
  • Market Drivers and Success Factors
  • Impact of COVID-19
  • Value Chain Analysis
  • Comprehensive mapping of the competitive landscape

If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

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IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

Our offerings include comprehensive market intelligence in the form of research reports, production cost reports, feasibility studies, and consulting services. Our team, which includes experienced researchers and analysts from various industries, is dedicated to providing high-quality data and insights to our clientele, ranging from small and medium businesses to Fortune 1000 corporations.

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