Indian Smart Lighting Market Size, Share and Forecast 2019-2024

Indian Smart Lighting Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2019-2024

The Indian smart lighting market is currently witnessing strong growth. 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.

Report Coverage:

Historical, Current and Future Market Trends
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

Key Questions Answered in This Report:

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

Report Coverage:

Base Year Considered: 2018
Historical Data Coverage: 2013-2018
Market Forecast: 2019-2024
Currency: US$
Geography Covered: India
Segments Covered: offering, communication technology, installation type, light source, application and region

Report Customization: Although IMARC has tried to cover everything in the smart lightning market landscape, we believe that every stakeholder may have their own specific needs. In view of this, we provide up to 20-man hours of free customization for each report.