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Pages: 52Format: PDFRegion: AsiaPublished Date: Apr 2019Publisher: Netscribes
The Indian smart lighting market is expected to reach a value of INR 373.7 Bn by 2023, expanding at a compound annual growth rate (CAGR) of 38.44% during the 2018-2023 period.
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Market insights:Smart lights are weather-adaptive and includes the use of Internet of Things (IoT) for lighting homes, streets, factories and commercial spaces intelligently. Lighting automation technology enables consumers to adjust lighting remotely. The Indian smart lighting market is expected to reach a value of INR373.7bn by 2023, expanding at a compound annual growth rate (CAGR) of 38.44% during the 2018-2023 period. Growth of the smart lighting market is owed to the government's push in terms of the "Smart City Mission', and "Digital India' programs, as well as rising adoption of smart homes across the country.The smart lighting market is segmented based on offering, lighting source, communication technology, and application type. Based on offerings, the smart lighting market is categorized into hardware, software, and services. Based on the lighting source, the market is classified into LED bulbs, downlights, batten lights, and others. Based on communication technology, the smart lighting market is categorized into wired technology and wireless technology. Based on the application type, the smart lighting market is classified into indoor use and outdoor use.Lighting source-wise segment insights:Among the different smart light sources used in India, the Light Emitting Diode (LED) bulbs segment holds the largest share (~68%), owing to its cost-effectiveness and energy saving features. Attractive discounts and rebates are also driving the market for LED bulbs, which are used for smart lighting across the country. The Street Light National Program of the Indian government is expected to further push the market for smart LED lights.Communication technology-wise segment insights:In the Indian market, wired technology dominates the communication technology segment of the smart lighting market with a share of 62%. This is because wired communication technology is considered to be more reliable, due to the presence of various company-specific proprietary protocols.Application-wise segment insights:In India, 55% of smart lighting is used indoors, while the remaining is used for outdoor applications. Steady adoption of connected lighting systems in residential and commercial zones contributes to the greater share of indoor applications in the Indian smart lighting market.Key growth drivers of the market:
Key deterrents to the growth of the market:
Chapter 1: Executive summaryChapter 2: Socio-economic indicatorsChapter 3: Introduction3.1. India smart lighting market - definition3.2. India smart lighting market - structureo Based on offeringo Based on lighting sourceo Based on communication technologyo Based on application typeChapter 4: Smart lighting market in India4.1. Market overview4.2. Market size and growth forecast- value-wise (2017-2023e)4.3. Value chain analysis4.4. PESTEL analysisChapter 5: Smart lighting market in India - market segmentation5.1. Based on offeringo Hardwareo Softwareo Services5.2. Based on lighting sourceo LED bulbso Down lightso Batten lightso Others5.3. Based on communication technologyo Wired technologyo Wireless technology5.4. Based on application typeo Indoor applicationo Outdoor applicationChapter 6: Smart lighting technology6.1. Major technology and features6.2. Key offeringsChapter 7: Government initiativesChapter 8: Key growth drivers of the marketChapter 9: Key deterrents to the growth of the marketChapter 10: Competitive landscape10.1. Ajanta India Ltd.o Corporate informationo Business descriptiono Products and serviceso Key peopleo Financial snapshot (total income, net profit/loss)o Key ratioso Business segments, geographical segments*Note: Similar information areas will be covered for the remaining competitors10.2. Bajaj Electricals Ltd.10.3. Havells India Ltd.10.4. Osram India Pvt Ltd.10.5. Philips India Ltd.10.6. Samsung India Electronics Pvt. Ltd.10.7. Schneider Electric India Pvt. Ltd.10.8. Syska LED Lights Pvt Ltd.10.9. Wipro Ltd.10.10. Indian start-upso Svarochi Lightingo MansaaChapter 11: Recent developmentsAppendix1. Research methodology