PUBLISHER: Blueweave Consulting | PRODUCT CODE: 1483685
PUBLISHER: Blueweave Consulting | PRODUCT CODE: 1483685
India Smart Lighting Market, By Offering; By Communication Technology; By Installation Type; By Light Sources; By Application; By Region, Trend Analysis, Competitive Landscape & Forecast, 2019-2030
India Smart Lighting Market Size Shines Brighter by Expanding at Significant CAGR of 7,65% to Touch USD 6.10 Billion by 2030
India Smart Lighting Market is flourishing due to the government's initiatives to promote the adoption of energy-efficient lighting solutions, rising energy costs and need for efficiency, rapid urbanization, an increasing number of smart city projects, and growing adoption of IoT and connected devices.
BlueWeave Consulting, a leading strategic consulting and market research firm, in its recent study, estimated the India Smart Lighting Market size at USD 4.28 billion in 2023. During the forecast period between 2024 and 2030, BlueWeave expects the India Smart Lighting Market size to expand at a CAGR of 7.65% reaching a value of USD 6.09 billion by 2030. The Smart Lighting Market in India is propelled by the increasing adoption of innovative technology, which replaces conventional lighting fixtures, such as incandescent bulbs, halogens, and CFLs, with more efficient LED lights and sensors aimed at conserving energy. India, as the world's most populous nation and a significant consumer of electricity, grapples with a widening gap between electricity demand and supply, leading to frequent power shortages and blackouts nationwide. Currently, the lighting sector consumes about 18% of India's total electricity. Consequently, the government is actively promoting the adoption of energy-efficient alternatives in the lighting sector, which is expected to propel the smart lighting market in the country. In addition to curbing high energy consumption and reducing electricity expenses, smart lighting offers various benefits to consumers. Unlike traditional switches and buttons, smart lights utilize motion sensors to automatically activate and deactivate lights as individuals enter or exit a room. Also, smart LED bulbs can be controlled via smartphone applications, allowing users to adjust brightness and color according to their preferences and remotely switch lights on or off. Others factors further fueling the growth of the Smart Lighting Market in India, including the rising affordability of smart lighting solutions, technological advancements, the development of smart cities, and growing levels of awareness among consumers.
Impact of Escalating Geopolitical Tensions on India Smart Lighting Market
Geopolitical tensions can have a multifaceted impact on the India Smart Lighting Market by introducing uncertainties in the supply chain, impacting imports of crucial components like LEDs and smart lighting technology. Heightened geopolitical risks may lead to increased trade barriers, tariffs, or supply chain disruptions, consequently affecting product availability and pricing. Moreover, investor confidence and market sentiment could be adversely affected, deterring investments and expansions in the smart lighting market. To mitigate these impacts, diversification of supply chains, strategic partnerships, and proactive risk management strategies are essential for stakeholders in the India Smart Lighting Market to navigate geopolitical uncertainties effectively.
India Smart Lighting Market
Segmental Information
India Smart Lighting Market - By Communication Technology
Based on communication technology, the India Smart Lighting Market is bifurcated into Wired Technology and Wireless Technology segments. The wireless segment is expected to hold a higher share in the India Smart Lighting Market by communication technology during the period in analysis. It can be attributed to the incorporation of cutting-edge technologies, like Bluetooth, ZigBee, and Wi-Fi, into lighting solutions. The rise in the adoption of Internet of Things (IoT) devices has been instrumental in propelling the Smart Lighting Market forward. Lighting component manufacturers are now prioritizing wireless connectivity integration into their fixtures, spurred by advancements in IoT and wireless communication technologies. Furthermore, the tech-savvy young population increasingly embraces innovative features and technologies. There is a discernible trend toward replacing traditional systems, fueled by mounting consumer awareness regarding energy-efficient and sustainable solutions.
Competitive Landscape
The India Smart Lighting Market is fragmented, with numerous players serving the market. The key players dominating the India Smart Lighting Market include Bajaj Electricals Ltd, Philips India Ltd, Schneider Electric India Pvt Ltd, Syska LED, Wipro, LG Electronics Inc., Xiaomi, GE Lighting, Jaquar India, Turnpoint Technologies Private Limited, and Lutron. The key marketing strategies adopted by the players are facility expansion, product diversification, alliances, collaborations, partnerships, and acquisitions to expand their customer reach and gain a competitive edge in the overall market.
The report's in-depth analysis provides information about growth potential, upcoming trends, and the India Smart Lighting Market statistics. It also highlights the factors driving forecasts of total market size. The report promises to provide recent technology trends in the India Smart Lighting Market along with industry insights to help decision-makers make sound strategic decisions. Furthermore, the report also analyses the growth drivers, challenges, and competitive dynamics of the market.
Table of Contents
1. Research Framework
- 1.1. Research Objective
- 1.2. Product Overview
- 1.3. Market Segmentation
2. Executive Summary
3. India Smart Lighting Market Insights
- 3.1. Industry Value Chain Analysis
- 3.2. DROC Analysis
- 3.2.1. Growth Drivers
- 3.2.1.1. Government initiatives to promote the adoption of energy-efficient lighting solutions
- 3.2.1.2. Rising energy costs and need for efficiency
- 3.2.1.3. Growing urbanization and smart city projects
- 3.2.1.4. Increasing adoption of IoT and connected devices
- 3.2.2. Restraints
- 3.2.2.1. High initial cost
- 3.2.2.2. Lack of awareness regarding smart lighting technology and its benefit
- 3.2.2.3. Limited access to high-speed internet
- 3.2.3. Opportunities
- 3.2.3.1. Develop innovative solutions
- 3.2.3.2. Increasing focus on affordability
- 3.2.3.3. Focus on data analytics
- 3.2.4. Challenges
- 3.2.4.1. Lack of skilled workforce
- 3.2.4.2. Data privacy concerns
- 3.2.1. Growth Drivers
- 3.3. Technological Advancements/Recent Developments
- 3.4. Regulatory Framework
- 3.5. Porter's Five Forces Analysis
- 3.5.1. Bargaining Power of Suppliers
- 3.5.2. Bargaining Power of Buyers
- 3.5.3. Threat of New Entrants
- 3.5.4. Threat of Substitutes
- 3.5.5. Intensity of Rivalry
4. India Smart Lighting Market: Pricing Analysis
5. India Smart Lighting Market: Marketing Strategies
6. India Smart Lighting Market Overview
- 6.1. Market Size & Forecast, 2019-2030
- 6.1.1. By Value (USD Million)
- 6.2. Market Share & Forecast
- 6.2.1. By Offering
- 6.2.1.1. Hardware
- 6.2.1.2. Software
- 6.2.1.3. Services
- 6.2.2. By Communication Technology
- 6.2.2.1. Wired Technology
- 6.2.2.2. Wireless Technology
- 6.2.3. By Installation Type
- 6.2.3.1. New Installation
- 6.2.3.2. Retrofit Installation
- 6.2.4. By Light Sources
- 6.2.4.1. LED Lamps
- 6.2.4.2. Fluorescent Lamps
- 6.2.4.3. Compact Fluorescent Lamps
- 6.2.4.4. High Intensity Discharge Lamps
- 6.2.4.5. Others
- 6.2.5. By Application
- 6.2.5.1. Indoor
- 6.2.5.2. Outdoor
- 6.2.6. By Region
- 6.2.6.1. North India
- 6.2.6.2. South India
- 6.2.6.3. East India
- 6.2.6.4. West India
- 6.2.1. By Offering
7. North India Smart Lighting Market Overview
- 7.1. Market Size & Forecast, 2019-2030
- 7.1.1. By Value (USD Million)
- 7.2. Market Share & Forecast
- 7.2.1. By Offering
- 7.2.2. By Communication Technology
- 7.2.3. By Installation Type
- 7.2.4. By Light Sources
- 7.2.5. By Application
8. South India Smart Lighting Market Overview
- 8.1. Market Size & Forecast, 2019-2030
- 8.1.1. By Value (USD Million)
- 8.2. Market Share & Forecast
- 8.2.1. By Offering
- 8.2.2. By Communication Technology
- 8.2.3. By Installation Type
- 8.2.4. By Light Sources
- 8.2.5. By Application
9. East India Smart Lighting Market Overview
- 9.1. Market Size & Forecast, 2019-2030
- 9.1.1. By Value (USD Million)
- 9.2. Market Share & Forecast
- 9.2.1. By Offering
- 9.2.2. By Communication Technology
- 9.2.3. By Installation Type
- 9.2.4. By Light Sources
- 9.2.5. By Application
10. West India Smart Lighting Market Overview
- 10.1. Market Size & Forecast, 2019-2030
- 10.1.1. By Value (USD Million)
- 10.2. Market Share & Forecast
- 10.2.1. By Offering
- 10.2.2. By Communication Technology
- 10.2.3. By Installation Type
- 10.2.4. By Light Sources
- 10.2.5. By Application
11. India Smart Lighting Market: Import & Export
12. Competitive Landscape
- 12.1. List of Key Players and Their Offerings
- 12.2. India Smart Lighting Company Market Share Analysis, 2023
- 12.3. Competitive Benchmarking, By Operating Parameters
- 12.4. Key Strategic Developments (Mergers, Acquisitions, Partnerships, etc.)
13. Impact of Escalating Geopolitical Tensions on India Smart Lighting Market
14. Company Profiles (Company Overview, Financial Matrix, Competitive landscape, Key Personnel, Key Competitors, Contact Address, Strategic Outlook, and SWOT Analysis)
- 14.1. Bajaj Electricals Ltd
- 14.2. Philips India Ltd
- 14.3. Schneider Electric India Pvt Ltd
- 14.4. Syska LED
- 14.5. Wipro
- 14.6. LG Electronics Inc.
- 14.7. Xiaomi
- 14.8. GE Lighting
- 14.9. Jaquar India
- 14.10. Turnpoint Technologies Private Limited
- 14.11. Lutron
- 14.12. Other Prominent Players
15. Key Strategic Recommendations
16. Research Methodology
- 16.1. Qualitative Research
- 16.1.1. Primary & Secondary Research
- 16.2. Quantitative Research
- 16.3. Market Breakdown & Data Triangulation
- 16.3.1. Secondary Research
- 16.3.2. Primary Research
- 16.4. Breakdown of Primary Research Respondents, By Region
- 16.5. Assumption & Limitation
* Financial information of non-listed companies will be provided as per availability
**The segmentation and the companies are subjected to modifications based on in-depth secondary for the final deliverable
List of Figures
- Figure 1 India Smart Lighting Market Segmentation
- Figure 2 India Smart Lighting Market Value Chain Analysis
- Figure 3 Company Market Share Analysis, 2023
- Figure 4 India Smart Lighting Market Size, By Value (USD Million), 2019-2030
- Figure 5 India Smart Lighting Market Share, By Offering, By Value (USD Million), 2019-2030
- Figure 6 India Smart Lighting Market Share, By Communication Technology, By Value (USD Million), 2019-2030
- Figure 7 India Smart Lighting Market Share, By Installation Type, By Value (USD Million), 2019-2030
- Figure 8 India Smart Lighting Market Share, By Light Sources, By Value (USD Million), 2019-2030
- Figure 9 India Smart Lighting Market Share, By Application, By Value (USD Million), 2019-2030
- Figure 10 India Smart Lighting Market Share, By Region, By Value (USD Million), 2019-2030
- Figure 11 North India Smart Lighting Market Size, By Value (USD Million), 2019-2030
- Figure 12 North India Smart Lighting Market Share, By Offering, By Value (USD Million), 2019-2030
- Figure 13 North India Smart Lighting Market Share, By Communication Technology, By Value (USD Million), 2019-2030
- Figure 14 North India Smart Lighting Market Share, By Installation Type, By Value (USD Million), 2019-2030
- Figure 15 North India Smart Lighting Market Share, By Light Sources, By Value (USD Million), 2019-2030
- Figure 16 North India Smart Lighting Market Share, By Application, By Value (USD Million), 2019-2030
- Figure 17 South India Smart Lighting Market Size, By Value (USD Million), 2019-2030
- Figure 18 South India Smart Lighting Market Share, By Offering, By Value (USD Million), 2019-2030
- Figure 19 South India Smart Lighting Market Share, By Communication Technology, By Value (USD Million), 2019-2030
- Figure 20 South India Smart Lighting Market Share, By Installation Type, By Value (USD Million), 2019-2030
- Figure 21 South India Smart Lighting Market Share, By Light Sources, By Value (USD Million), 2019-2030
- Figure 22 India Smart Lighting Market Share, By Application, By Value (USD Million), 2019-2030
- Figure 23 East India Smart Lighting Market Size, By Value (USD Million), 2019-2030
- Figure 24 East India Smart Lighting Market Share, By Offering, By Value (USD Million), 2019-2030
- Figure 25 East India Smart Lighting Market Share, By Communication Technology, By Value (USD Million), 2019-2030
- Figure 26 East India Smart Lighting Market Share, By Installation Type, By Value (USD Million), 2019-2030
- Figure 27 East India Smart Lighting Market Share, By Light Sources, By Value (USD Million), 2019-2030
- Figure 28 East India Smart Lighting Market Share, By Application, By Value (USD Million), 2019-2030
- Figure 29 West India Smart Lighting Market Size, By Value (USD Million), 2019-2030
- Figure 30 West India Smart Lighting Market Share, By Offering, By Value (USD Million), 2019-2030
- Figure 31 West India Smart Lighting Market Share, By Communication Technology, By Value (USD Million), 2019-2030
- Figure 32 West India Smart Lighting Market Share, By Installation Type, By Value (USD Million), 2019-2030
- Figure 33 West India Smart Lighting Market Share, By Light Sources, By Value (USD Million), 2019-2030
- Figure 34 West India Smart Lighting Market Share, By Application, By Value (USD Million), 2019-2030
List of Tables
- Table 1 India Smart Lighting Market Size, By Value (USD Million), 2019-2030
- Table 2 India Smart Lighting Market Share, By Offering, By Value (USD Million), 2019-2030
- Table 3 India Smart Lighting Market Share, By Communication Technology, By Value (USD Million), 2019-2030
- Table 4 India Smart Lighting Market Share, By Installation Type, By Value (USD Million), 2019-2030
- Table 5 India Smart Lighting Market Share, By Light Sources, By Value (USD Million), 2019-2030
- Table 6 India Smart Lighting Market Share, By Application, By Value (USD Million), 2019-2030
- Table 7 India Smart Lighting Market Share, By Region, By Value (USD Million), 2019-2030
- Table 8 North India Smart Lighting Market Size, By Value (USD Million), 2019-2030
- Table 9 North India Smart Lighting Market Share, By Offering, By Value (USD Million), 2019-2030
- Table 10 North India Smart Lighting Market Share, By Communication Technology, By Value (USD Million), 2019-2030
- Table 11 North India Smart Lighting Market Share, By Installation Type, By Value (USD Million), 2019-2030
- Table 12 North India Smart Lighting Market Share, By Light Sources, By Value (USD Million), 2019-2030
- Table 13 North India Smart Lighting Market Share, By Application, By Value (USD Million), 2019-2030
- Table 14 South India Smart Lighting Market Size, By Value (USD Million), 2019-2030
- Table 15 South India Smart Lighting Market Share, By Offering, By Value (USD Million), 2019-2030
- Table 16 South India Smart Lighting Market Share, By Communication Technology, By Value (USD Million), 2019-2030
- Table 17 South India Smart Lighting Market Share, By Installation Type, By Value (USD Million), 2019-2030
- Table 18 South India Smart Lighting Market Share, By Light Sources, By Value (USD Million), 2019-2030
- Table 19 South India Smart Lighting Market Share, By Application, By Value (USD Million), 2019-2030
- Table 20 East India Smart Lighting Market Size, By Value (USD Million), 2019-2030
- Table 21 East India Smart Lighting Market Share, By Offering, By Value (USD Million), 2019-2030
- Table 22 East India Smart Lighting Market Share, By Communication Technology, By Value (USD Million), 2019-2030
- Table 23 East India Smart Lighting Market Share, By Installation Type, By Value (USD Million), 2019-2030
- Table 24 East India Smart Lighting Market Share, By Light Sources, By Value (USD Million), 2019-2030
- Table 25 East India Smart Lighting Market Share, By Application, By Value (USD Million), 2019-2030
- Table 26 West India Smart Lighting Market Size, By Value (USD Million), 2019-2030
- Table 27 West India Smart Lighting Market Share, By Offering, By Value (USD Million), 2019-2030
- Table 28 West India Smart Lighting Market Share, By Communication Technology, By Value (USD Million), 2019-2030
- Table 29 West India Smart Lighting Market Share, By Installation Type, By Value (USD Million), 2019-2030
- Table 30 West India Smart Lighting Market Share, By Light Sources, By Value (USD Million), 2019-2030
- Table 31 West India Smart Lighting Market Share, By Application, By Value (USD Million), 2019-2030
- Table 32 Bajaj Electricals Ltd Company Overview
- Table 33 Bajaj Electricals Ltd Financial Overview
- Table 34 Philips India Ltd Company Overview
- Table 35 Philips India Ltd Financial Overview
- Table 36 Schneider Electric India Pvt. Ltd Company Overview
- Table 37 Schneider Electric India Pvt. Ltd Financial Overview
- Table 38 Syska LED Company Overview
- Table 39 Syska LED Financial Overview
- Table 40 Wipro Company Overview
- Table 41 Wipro Financial Overview
- Table 42 LG Electronics Inc. Company Overview
- Table 43 LG Electronics Inc. Financial Overview
- Table 44 Xiaomi Company Overview
- Table 45 Xiaomi Financial Overview
- Table 46 GE Lighting Company Overview
- Table 47 GE Lighting Financial Overview
- Table 48 Jaquar India Company Overview
- Table 49 Jaquar India Financial Overview
- Table 50 Turnpoint Technologies Private Limited Company Overview
- Table 51 Turnpoint Technologies Private Limited Financial Overview
- Table 52 Lutron Company Overview
- Table 53 Lutron Financial Overview
