Smart Lighting Market in India 2022-2027: Industry Size, Share, Trends, Revenue and Competitive Analysis

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 is an energy-efficient technology that includes power saving fixtures and automated controls for smooth operations. This technology enables the user to monitor illumination and control the lighting in a particular space depending upon the occupancy and daylight availability. Smart lighting systems are accessible through smartphone applications, which can be operated via voice commands, Bluetooth, Wi-Fi, and other forms of wireless connections. As a result, they find extensive applications in commercial, industrial, and residential sectors.

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.

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The smart lighting market in India is majorly being driven by the increasing adoption of the internet of things (IoT) in the country. Several favorable initiatives by the Government of India (GoI) for introducing intelligent street lighting systems as a part of smart-city development endeavors is further fueling the market growth. Technological advancements in lighting solutions, such as the integration of software-controlled LED lights and automated smart assistance, are supporting the market growth. Moreover, smart lighting uses motion sensors that offer reduced energy consumption and minimized electricity costs, which is creating a positive outlook for the market.

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 Figure: 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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This release was published on openPR.