Indian Smart Lighting Market Top Brands, Industry Growth Analysis and Forecast 2022-2027
According to the latest report by IMARC Group, titled “Indian Smart Lighting Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027”, the Indian smart lighting market exhibited strong growth during 2015-2020. Looking forward, IMARC Group expects the market to grow at a CAGR of 35.91% during 2022-2027.
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
Smart lighting is an energy-efficient technology that includes power saving fixtures and automated controls for smooth operations. This technology enables the user to monitor illumination and control the lighting in a particular space depending upon the occupancy and daylight availability. Smart lighting systems are accessible through smartphone applications, which can be operated via voice commands, Bluetooth, Wi-Fi, and other forms of wireless connections. As a result, they find extensive applications in commercial, industrial, and residential sectors.
The smart lighting market in India is majorly being driven by the
increasing adoption of the internet of things (IoT) in the country. Several
favorable initiatives by the Government of India (GoI) for introducing
intelligent street lighting systems as a part of smart-city development
endeavors is further fueling the market growth. Technological advancements in
lighting solutions, such as the integration of software-controlled LED lights
and automated smart assistance, are supporting the market growth. Moreover,
smart lighting uses motion sensors that offer reduced energy consumption and
minimized electricity costs, which is creating a positive outlook for the
market.
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Indian Smart
Lighting Market 2022-2027 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.
Key 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.
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
Breakup by Region:
·
North India
·
West and Central India
·
South India
·
East India
Explore Full Report with TOC & List of
Figure: https://www.imarcgroup.com/indian-smart-lighting-market
Key
highlights of the report:
- Market Performance (2016-2021)
- Market
Outlook (2022-2027)
- Industry
Trends
- Market
Drivers and Success Factors
- The Impact
of COVID-19 on the Global Market
- Value Chain Analysis
- Structure of
the Global Market
- 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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