Market Overview:

The Indian smart lighting market is expected to exhibit a CAGR of 35.91% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use sectors. These insights are included in the report as a major market contributor. 

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 India 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, along with forecasts at the country and regional level from 2022-2027. 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

• Competitive Structure
• Key Player Profiles
   

Report Coverage:

Key Questions Answered in This Report:

• How has the Indian smart lighting market performed so far and how will it perform in the coming years?
• What are the key regional markets in the Indian smart lighting industry?
• What has been the impact of COVID-19 on the Indian smart lighting industry?
• What is the breakup of the Indian smart lighting market on the basis of offering?
• What is the breakup of the Indian smart lighting market on the basis of communication technology?
• What is the breakup of the Indian smart lighting market on the basis of installation type?
• What is the breakup of the Indian smart lighting market on the basis of light source?
• What is the breakup of the Indian smart lighting market on the basis of application?
• What are the various stages in the value chain of the Indian smart lighting industry?
• What are the key driving factors and challenges in the Indian smart lighting industry?
• What is the structure of the Indian smart lighting industry and who are the key players?
• What is the degree of competition in the Indian smart lighting industry?
• What are the profit margins in the Indian smart lighting industry?