Indian Smart Lighting Market

Market Overview:

The Indian smart lighting market is expected to exhibit a growth rate (CAGR) of 30.02% during 2024-2032.

Smart lighting is an innovative technology that is replacing conventional lightings such as incandescent bulbs, halogens, CFLs, etc. with more efficient LED lights and sensors for energy conservation. With India being the second most populated country in the world and one of the largest consumers of electricity, it has been witnessing an increasing electricity demand-supply gap. This has resulted in regular power shortages and blackouts across the country. The lighting sector currently accounts for around 18% of the total electricity consumption in India. As a result, the government is playing an active role in replacing the current lighting sector with more energy efficient products. This is expected to drive the market for smart lighting in India.

Apart from reducing energy consumption and cutting electricity costs, smart lighting also offers numerous other advantages to end users. Instead of using switches and push-buttons, smart lights use motion sensors which can automatically switch the lights on and off when the consumer enters or leaves a room. Moreover, smart light bulbs use LEDs that can be adjusted using a smart phone so that it can change color according to the user’s requirements and can also be switched on and off from a remote location. Some of the other major factors driving the smart light market in India include increasing affordability of smart lights, technological advancements, development of various smart cities, increasing awareness levels, etc.

IMARC Group’s latest report provides a deep insight into the Indian smart lighting market covering all its essential aspects. This ranges from macro overview of the market to micro details of the industry performance, recent trends, key market drivers and challenges, SWOT analysis, Porter’s five forces analysis, value chain analysis, etc. This report is a must-read for entrepreneurs, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the smart lighting market in India in any manner.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the Indian smart lighting market report, along with forecasts at the country and regional level from 2024-2032. Our report has categorized the market based on offering, communication technology, installation type, light source and application.

Breakup by Offering:

• Hardware
  • Lights and Luminaires
  • Lighting Controls
• Software
• Services
  • Design and Engineering
  • Installation
  • Post-Installation
     

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
• East India
• West and Central India
• South India
   

Value Chain Analysis

Key Drivers and Challenges

Porters Five Forces Analysis

PESTEL Analysis

Government Regulations

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players being Ajanta India Private Limited, Bajaj Electricals Ltd., Havells India Ltd., Osram India Pvt. Ltd. (OSRAM Licht AG), Philips India Ltd., Samsung India Electronics Pvt. Ltd., Schneider Electric India Pvt. Ltd. (Schneider Electric SE), Syska LED, Wipro, etc.

Report Coverage: