Press release
India Smart Lighting Market Poised to Grow at a CAGR of XX% Between 2020 – 2030
Prophecy Market Insights
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Key Highlights:
In 2019, Havells India limited became the first Indian electrical company to be induced in the Dow Jones sustainability emerging markets index.
In 2019, Syska partnered with French lighting giant to make, sell switching systems.
In 2018, Bajaj Electricals planned to double its turnover to 7,000 Mn that year fiscal.
Analyst View:
Market Growth Drivers
The rise in Innovation and Technology
Smart Cities and Cost-effective LEDs
Opportunities and Trends
Reducing energy consumption and cutting electricity costs near future
The increasing affordability of smart lights, and increasing awareness levels
Browse 60 market data tables* and 35 figures* through 140 slides and in-depth TOC on “India Smart Lighting Market,” By Offering (Hardware (Lights and Luminaires, Lighting Controls), Software, Services (Design and Engineering, Installation, Post-Installation), By Communication Technology (Wired Technology, Wireless Technology), By Installation Type (New Installation, Retrofit Installation), By Light Source (LED Lamps, Fluorescent Lamps, Compact Fluorescent Lamps, High-Intensity Discharge Lamps, and Others), By Application (Commercial, and Residential, Public Infrastructure, Others) - Trends, Analysis and Forecast till 2023
Key Market Insights from the report:
The market report has been segmented on the basis of offering, communication technology, installation type, light source, application.
By offering, the India smart lighting market is segmented into hardware which has sub segmented into lights and luminaires, lighting controls. Further the market segments are software and services which has sub segments design and engineering, installation, post-installation.
By communication technology, wired technology dominates the communication technology segment of the smart lighting market with a share of, this is because wired communication technology is considered to be more reliable.
By installation type, the smart lighting market is bifurcated into the new installation, retrofit installation.
By light source, the light-emitting diode (LED) lamps segment holds the largest share, owing to its cost-effectiveness and energy-saving features.
By application, the target market is classified into commercial, and residential, public infrastructure, others.
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Competitive Landscape:
The prominent player operating in the India Smart Lighting market includes Ajanta India Ltd., Bajaj Electricals Ltd., Havells India Ltd, Osram India Pvt Ltd., Philips India Ltd., Samsung India Electronics Pvt. Ltd., Schneider Electric India Pvt. Ltd., Syska LED Lights Pvt Ltd., Wipro Ltd., and Crompton & Greaves Ltd.
The market provides detailed information regarding the industrial base, productivity, strengths, manufacturers, and recent trends which will help companies enlarge the businesses and promote financial growth. Furthermore, the report exhibits dynamic factors including segments, sub-segments, regional marketplaces, competition, dominant key players, and market forecasts. In addition, the market includes recent collaborations, mergers, acquisitions, and partnerships along with regulatory framework across different regions impacting the market trajectory. Recent technological advances and innovations influencing the global market are included in the report.
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Mr Alex (Sales Manager)
Prophecy Market Insights
Phone: +1 860 531 2701
Email: sales@prophecymarketinsights.com“
About us:
Prophecy is a specialized market research, analytics, marketing and business strategy, and solutions company that offer strategic and tactical support to clients for making well-informed business decisions and to identify and achieve high value opportunities in the target business area. Also, we help our client to address business challenges and provide best possible solutions to overcome them and transform their business.
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