Press release
Why is Demand for Smart Lighting Exploding in India?
Indian Smart Lighting Market Report 2023-2028
What is the growth rate of the smart lighting market in India?
According to IMARC Group, the Indian smart lighting market is expected to exhibit a growth rate (CAGR) of 34.4% during 2023-2028.
Industry Trends:
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.
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.
Get the Free PDF Sample Report: https://www.imarcgroup.com/indian-smart-lighting-market/requestsample
Indian Smart Lighting Companies Covered:
• 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.
Competitive Analysis and Segmentation:
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
Regional Analysis:
• North India
• West and Central India
• South India
• East India
Speak to Analyst: https://www.imarcgroup.com/request?type=report&id=1221&flag=C
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
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.
Media Contact:
Company Name: IMARC Group
Contact Person: Elena Anderson
Email: sales@imarcgroup.com
Phone: +1-631-791-1145
Address: 134 N 4th St
City: Brooklyn
State: NY
Country: United States
Read Newsletter: https://www.linkedin.com/newsletters/industry-news-about-6929400456628637696
About Us:
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.
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