India Smart Lighting Market Overview, 2028

India Smart Lighting Market Overview, 2028

India is rapidly urbanizing, with more and more people moving into cities. This has led to an increase in demand for smart lighting solutions that can help make cities safer, more livable, and more sustainable. Furthermore, with energy prices rising and concerns about climate change growing, there is a growing demand for energy-efficient lighting solutions. Smart lighting systems are often much more energy-efficient than traditional lighting systems, which makes them appealing to environmentally conscious consumers. Moreover, as more people learn about the benefits of smart lighting, they are becoming increasingly interested in adopting these solutions for their homes and businesses. Manufacturers and retailers are working hard to raise awareness about the benefits of smart lighting through marketing campaigns and educational initiatives. In addition, as the standard of living in India improves, people are becoming more interested in adopting new technologies that can make their lives more convenient and comfortable. Smart lighting is seen as one of these technologies. Furthermore, Smart cities are a growing trend in India, with many cities investing in technology to improve the quality of life for their citizens. Smart lighting is an important component of these initiatives, as it can help make cities safer, more efficient, and more environmentally friendly.

According to the research report ""India Smart Lighting Market Overview, 2028,"" published by Bonafide Research, the India smart lighting market is expected to grow at more than 27% CAGR from 2023 to 2028. LED lighting has become increasingly popular in India due to its energy efficiency and cost savings. As a result, the smart lighting market is also shifting towards LED-based systems. LED lights are easier to control and can be integrated with smart lighting systems, making them a preferred choice for both residential and commercial applications. Furthermore, voice assistants such as Amazon Alexa and Google Assistant have become increasingly popular in India. As a result, many smart lighting systems now offer integration with these voice assistants, allowing users to control their lighting with simple voice commands. Moreover, human-centric lighting is a relatively new concept in the smart lighting market, but it is gaining popularity in India. This type of lighting system is designed to mimic the natural light cycle and can help regulate sleep patterns, mood, and productivity. It is particularly useful in commercial settings such as offices and schools. In addition, artificial intelligence (AI) is being increasingly integrated into smart lighting systems to provide more efficient and personalized lighting solutions. AI can be used to analyze data on lighting usage and adjust lighting settings to optimize energy efficiency and create a more comfortable environment for users.

The hardware segment of the Indian smart lighting market includes the physical components required for smart lighting systems to function. This includes smart bulbs, smart switches, sensors, controllers, and other connected devices. Furthermore, the hardware segment of the Indian smart lighting market is also being driven by the entry of new players offering innovative and affordable products. Many companies are introducing smart lighting products that are easy to install, use, and maintain, making them more accessible to a wider range of consumers. In addition, smart lighting software solutions are also increasingly being used in commercial and industrial applications, where lighting systems are more complex and require advanced control and management capabilities. These solutions can help reduce energy consumption and maintenance costs, improve safety and security, and enhance the overall productivity and efficiency of the facility. For instance, some names of companies that provide smart lighting software solutions in India include Signify Innovations India Limited, Wipro Lighting, Schneider Electric India Private Limited, Legrand India Private Limited, Osram India Private Limited, Lutron Electronics India Pvt. Ltd., Control4 India Pvt. Ltd., ABB India Limited, Honeywell Automation India Limited, Siemens Limited, and more.

The indoor lighting segment holds a significant share of the Indian smart lighting market due to the increasing adoption of smart home systems, rising awareness about energy efficiency, and the demand for enhanced lighting control and customization. Furthermore, in India, the commercial segment of the indoor smart lighting market is witnessing significant growth due to the rapid expansion of commercial infrastructure, including office spaces, retail outlets, and hospitality establishments. The focus on energy conservation, cost savings, and creating comfortable and appealing environments is driving the adoption of smart lighting solutions. Moreover, the industrial segment of the Indian smart lighting market includes sectors such as manufacturing facilities, warehouses, educational institutions, healthcare facilities, and public institutions. In addition, Outdoor lighting refers to lighting solutions designed for outdoor spaces such as streets, highways, parks, stadiums, and architectural facades. The outdoor smart lighting segment in India is also gaining traction due to the government's focus on energy conservation, increasing urbanization, and the need for improved safety and security.

The Indian government has implemented various initiatives to promote energy efficiency and sustainability, which have had a significant impact on increasing awareness and driving demand for smart lighting solutions. One such notable initiative is the Unnat Jyoti by Affordable LEDs for All (UJALA) scheme. However, the UJALA scheme, launched in 2015, aims to promote the use of energy-efficient LED bulbs in households across India. It is implemented by the state-owned Energy Efficiency Services Limited (EESL) under the Ministry of Power. Furthermore, the Bureau of Energy Efficiency (BEE) under the Ministry of Power has introduced a voluntary labelling programme for LED lamps and luminaires. The programme provides star ratings to indicate the energy efficiency level of these products. Higher star ratings signify higher energy efficiency. This labelling programme encourages manufacturers to produce energy-efficient LED lighting products and helps consumers make informed choices when purchasing lighting solutions. In addition, the Smart City Mission is a flagship initiative by the Government of India to develop 100 smart cities across the country. Smart lighting is a key component of these smart city projects. The mission promotes the adoption of smart lighting solutions to enhance energy efficiency, improve citizen safety, and create sustainable urban environments. It provides a platform for collaboration between government bodies, technology providers, and urban stakeholders to implement innovative smart lighting projects.

Considered in this report
• Geography: India
• Historic year: 2017
• Base year: 2022
• Estimated year: 2023
• Forecast year: 2028

Aspects covered in this report
• India Smart Lighting market with its value and forecast along with its segments
• On-going trends and developments
• Top profiled companies
• Strategic recommendation

By Offerings:
• Hardware
• Software
• Services

By Application:
• Indoor
• Outdoor

By Indoor:
• Commercial
• Residential
• Industrial
• Others

By Outdoor:
• Highways & Roadways
• Architectural Lighting
• Light for public places

The approach of the report:
This report consists of a combined approach of primary as well as secondary research. Initially, secondary research was used to get an understanding of the market and listing out the companies that are present in the market. The secondary research consists of third-party sources such as press releases, annual report of companies, analyzing the government generated reports and databases. After gathering the data from secondary sources primary research was conducted by making telephonic interviews with the leading players about how the market is functioning and then conducted trade calls with dealers and distributors of the market. Post this we have started doing primary calls to consumers by equally segmenting consumers in regional aspects, tier aspects, age group, and gender. Once we have primary data with us we have started verifying the details obtained from secondary sources.

Intended audience
This report can be useful to industry consultants, manufacturers, suppliers, associations & organizations related to Smart Lighting industry, government bodies and other stakeholders to align their market-centric strategies. In addition to marketing & presentations, it will also increase competitive knowledge about the industry.