India Smart Lighting Market, Size, Trends, Analysis and Forecast till 2034

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Published Date: December 2024

The report "India Smart Lighting Market, By Offering (Hardware (Lights and Luminaires, Lighting Controls), Software, Services (Design and Engineering, Installation, Post-Installation), By Communication Technology (Wired Technology, Wireless Technology), By Installation Type (New Installation, Retrofit Installation), By Light Source (LED Lamps, Fluorescent Lamps, Compact Fluorescent Lamps, High-Intensity Discharge Lamps, and Others), By Application (Commercial, and Residential, Public Infrastructure, Others) - Trends, Analysis and Forecast till 2034”

Key Highlights:

In 2019, Havells India limited became the first Indian electrical company to be induced in the Dow Jones sustainability emerging markets index.
In 2019, Syska partnered with French lighting giant to make, sell switching systems.
In 2018, Bajaj Electricals planned to double its turnover to 7,000 Mn that year fiscal.

Analyst View:

Market Growth Drivers

The rise in Innovation and Technology
Smart Cities and Cost-effective LEDs

Opportunities and Trends

Reducing energy consumption and cutting electricity costs near future
The increasing affordability of smart lights, and increasing awareness levels

Browse 60 market data tables* and 35 figures* through 140 slides and in-depth TOC on “India Smart Lighting Market,” By Offering (Hardware (Lights and Luminaires, Lighting Controls), Software, Services (Design and Engineering, Installation, Post-Installation), By Communication Technology (Wired Technology, Wireless Technology), By Installation Type (New Installation, Retrofit Installation), By Light Source (LED Lamps, Fluorescent Lamps, Compact Fluorescent Lamps, High-Intensity Discharge Lamps, and Others), By Application (Commercial, and Residential, Public Infrastructure, Others) - Trends, Analysis and Forecast till 2023

Key Market Insights from the report:

The market report has been segmented on the basis of offering, communication technology, installation type, light source, application.

By offering, the India smart lighting market is segmented into hardware which has sub segmented into lights and luminaires, lighting controls. Further the market segments are software and services which has sub segments design and engineering, installation, post-installation.
By communication technology, wired technology dominates the communication technology segment of the smart lighting market with a share of, this is because wired communication technology is considered to be more reliable.
By installation type, the smart lighting market is bifurcated into the new installation, retrofit installation.
By light source, the light-emitting diode (LED) lamps segment holds the largest share, owing to its cost-effectiveness and energy-saving features.
By application, the target market is classified into commercial, and residential, public infrastructure, others.

Competitive Landscape:

The prominent player operating in the India Smart Lighting market includes Ajanta India Ltd., Bajaj Electricals Ltd., Havells India Ltd, Osram India Pvt Ltd., Philips India Ltd., Samsung India Electronics Pvt. Ltd., Schneider Electric India Pvt. Ltd., Syska LED Lights Pvt Ltd., Wipro Ltd., and Crompton & Greaves Ltd.

The market provides detailed information regarding the industrial base, productivity, strengths, manufacturers, and recent trends which will help companies enlarge the businesses and promote financial growth. Furthermore, the report exhibits dynamic factors including segments, sub-segments, regional marketplaces, competition, dominant key players, and market forecasts. In addition, the market includes recent collaborations, mergers, acquisitions, and partnerships along with regulatory framework across different regions impacting the market trajectory. Recent technological advances and innovations influencing the global market are included in the report.

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Prophecy Market Insights is specialized market research, analytics, marketing/business strategy, and solutions that offers strategic and tactical support to clients for making well-informed business decisions and to identify and achieve high-value opportunities in the target business area. We also help our clients to address business challenges and provide the best possible solutions to overcome them and transform their business.

Some Important Points Answered in this Market Report Are Given Below:

Explains an overview of the product portfolio, including product development, planning, and positioning
Explains details about key operational strategies with a focus on R&D strategies, corporate structure, localization strategies, production capabilities, and financial performance of various companies.
Detailed analysis of the market revenue over the forecasted period.
Examining various outlooks of the market with the help of Porter’s five forces analysis, PEST & SWOT Analysis.
Study on the segments that are anticipated to dominate the market.
Study on the regional analysis that is expected to register the highest growth over the forecast period.

Key Topics Covered