Indian Smart Lighting Market Share 2022, CAGR (35.91%), Trends, Size and Research Report by 2027

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

Indian Smart Lighting Market Insight:

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.

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Indian Smart Lighting Market Trends:

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.

View Full Report with TOC & List of Figure: https://www.imarcgroup.com/indian-smart-lighting-market

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.

India Smart Lighting 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.

By Offering:

• Hardware
• Software
• Services

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
• Others

By Application:

• Commercial
• Residential
• Public Infrastructure
• Others

Regional Analysis:

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

Make inquiry before purchase of this report: https://www.imarcgroup.com/request?type=report&id=1221&flag=F

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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High-End Lighting Market 2023-2028, Companies Analysis by IMARC Group: https://www.digitaljournal.com/pr/high-end-lighting-market-2023-2028-companies-analysis-by-imarc-group

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This release was published on openPR.