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Indian Smart Lighting Market Research Report 2023-2028:

The latest report by IMARC Group, titled “Indian Smart Lighting Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028,” finds that the Indian smart lighting market is expected to grow at a CAGR of 34.4% during 2023-2028.

Smart lighting refers to an innovative lighting technology that facilitates the efficient use of light resources. It is accessible through an application, smart home assistant, or other devices. It allows individuals to automate the lights or control them remotely to adjust the lighting and change the color and brightness of fixtures, depending on occupancy and external lighting.

It uses motion sensors to detect the presence or movement of individuals within an environment and can automatically switch the lights on and off. It is also equipped with power-saving features, automated controls, real-time illumination monitoring, and intelligent sensing for smooth operations. In recent years, smart lighting has gained immense popularity in India as it helps reduce energy consumption, cut electricity costs, and enhance user convenience.

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Indian Smart Lighting Market Trends:

Compared to traditional lighting solutions, such as incandescent bulbs, halogens and CFLs, smart lighting is more economical, sustainable, and consumes lesser power. As a result, the growing need for energyefficient lighting systems represents the primary factor driving the market in India. Besides this, the surging popularity of smart homes due to rapid urbanization, improving lifestyles, and elevating income levels is another major growth-inducing factor. Additionally, with the rising need for energy conservation, the Government of India is taking favorable initiatives to promote the usage of more energy-efficient products, such as smart lighting.

In line with this, extensive investments in the development of public infrastructure and smart cities across the country have augmented the product demand. Furthermore, several product innovations, such as the launch of modular and intelligent lighting systems equipped with wireless and sensor technology, Bluetooth connectivity, and voice-command features, have propelled the market growth. Other factors, including the introduction of IoT-based lighting, increasing electricity demand-supply gap, rising consumer awareness regarding energy savings, surging affordability of smart lights, and technological advancements, are also creating a positive market outlook

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