Smart Lighting Market Size in India 2023-2028: Industry Share, Size, Demand, Companies and Forecast

IMARC Group has recently released a new research study titled "Indian Smart Lighting Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028", The Indian smart lighting market is expected to exhibit a growth rate (CAGR) of 34.4% during 2023-2028. This report can serve as an excellent guide for investors, researchers, consultants, marketing strategists and all those who are planning to foray into the market in any form.

Smart Lighting Industry in India: 2023-2028

Market Outlook:

Smart lighting is a revolutionary technology that offers a connected and Internet-of-Things (IoT) enabled solution to replace traditional wall switches. It allows users to customize ambient lighting based on daylight availability, using highly efficient fixtures and automated controls that adjust to external lighting conditions and occupancy. Compared to traditional lighting systems, smart lighting consumes less energy and can be connected via Wi-Fi, Zigbee, or Bluetooth. In India, the demand for energy-efficient lighting has surged significantly, particularly in the industrial, commercial, and residential sectors.

What is the demand for smart lighting in India?

The increasing population has led to a surge in energy demand in India, which represents one of the key factors providing an impetus to the market growth. Additionally, the Government of India (GoI) is working actively to replace conventional lighting systems with energy-efficient products, which is driving the market growth. In line with this, key market players are introducing new product variants integrated with artificial intelligence (AI) to increase their consumer base, which is fueling the market growth.

Smart Lighting: The Future of Lighting Industry

In addition to this, the escalating demand for lighting systems equipped with sensors and wireless technology, surging environmental awareness, and the increasing consumer per capita income are acting as other growth-inducing factors. Moreover, the affordability of smart lights, easy availability in online retail stores, rapid technological advancements, and the development of smart cities are accelerating the market growth.

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Note: The IMARC Group provides extensive analysis of the India smart lighting industry covering the market trends, investment opportunities, growth trends, statistics, and industry prospects. The report offers a comprehensive analysis of the industry, which comprises insights on market size, share, trends, analysis, growth, demand, statistics, and overview. The report also includes competitor and regional analysis, and contemporary advancements in the global market.

Key Market Segmentation:

The report has segmented the market into the following categories:

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

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Key Highlights of the Report:

• Market Performance (2017-2022)
• Market Outlook (2023-2028)
• Market Trends
• Market Drivers and Success Factors
• Impact of COVID-19
• Value Chain Analysis
• Comprehensive mapping of the competitive landscape

List of Tables

Table 1: India: Smart Lighting Market: Key Industry Highlights, 2022 and 2028
Table 2: India: Smart Lighting Market Forecast: Breakup by Offering (in Million US$), 2023-2028
Table 3: India: Smart Lighting Market Forecast: Breakup by Communication Technology (in Million US$), 2023-2028
Table 4: India: Smart Lighting Market Forecast: Breakup by Installation Type (in Million US$), 2023-2028
Table 5: India: Smart Lighting Market Forecast: Breakup by Light Source (in Million US$), 2023-2028
Table 6: India: Smart Lighting Market Forecast: Breakup by Application (in Million US$), 2023-2028
Table 7: India: Smart Lighting Market Forecast: Breakup by Region (in Million US$), 2023-2028
Table 8: India: Smart Lighting Market Structure
Table 9: India: Smart Lighting Market: Key Players

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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