Smart Lighting Market in India 2018-2023 - Market Report

Report Details

Pages:  52
Format:  PDF
Region:  Asia
Published Date:  Apr 2019
Publisher:  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.

Smart Lighting Market in India 2018-2023 - Market Report

License Type
Price:  $950.00(Exc. 20% VAT)

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:

  • The per capita income in India stood at INR 1,12,835 in March 2018, up from INR 1,03,870 in March 2017. Such an increase in the per capita income of Indians, along with rising awareness about contemporary technological advancements, has influenced the mindset of Indians towards using smart technologies. As a result, demand for smart lighting system has increased.
  • Motion-detecting lighting systems are replacing the conventional lighting methods in the smart cities and business hubs in India. Therefore, the market players have sufficient opportunities to come up with new smart lighting technologies which are capable of developing energy-saving systems in India.

Key deterrents to the growth of the market:

  • The high cost of IoT-enabled systems is hindering the growth of the smart lighting market in India. Owing to its high installation costs, Indian customers are developing antagonistic attitude towards the smart-lighting system, which in turn is negatively affecting the demand of the smart lights market across the country.
  • The smart lighting systems installed in India has affected the health of the users in an adverse manner. Questions have arisen concerning the potential health implications of blue-rich and solid-state of the LED lights. It is predicted that prolonged exposure of human beings to short-wavelength high intensity visible lights is phototoxic to the retina. Consumers' awareness about such adverse health impacts is hindering the growth of the smart lighting business in India.

Companies covered:

  • 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.

Smart Lighting Market in India 2018-2023 - Market Report

Chapter 1: Executive summary

Chapter 2: Socio-economic indicators

Chapter 3: Introduction
3.1. India smart lighting market - definition
3.2. India smart lighting market - structure
o Based on offering
o Based on lighting source
o Based on communication technology
o Based on application type

Chapter 4: Smart lighting market in India
4.1. Market overview
4.2. Market size and growth forecast- value-wise (2017-2023e)
4.3. Value chain analysis
4.4. PESTEL analysis

Chapter 5: Smart lighting market in India - market segmentation
5.1. Based on offering
o Hardware
o Software
o Services
5.2. Based on lighting source
o LED bulbs
o Down lights
o Batten lights
o Others
5.3. Based on communication technology
o Wired technology
o Wireless technology
5.4. Based on application type
o Indoor application
o Outdoor application

Chapter 6: Smart lighting technology
6.1. Major technology and features
6.2. Key offerings

Chapter 7: Government initiatives

Chapter 8: Key growth drivers of the market

Chapter 9: Key deterrents to the growth of the market

Chapter 10: Competitive landscape
10.1. Ajanta India Ltd.
o Corporate information
o Business description
o Products and services
o Key people
o Financial snapshot (total income, net profit/loss)
o Key ratios
o Business segments, geographical segments

*Note: Similar information areas will be covered for the remaining competitors

10.2. 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-ups
o Svarochi Lighting
o Mansaa

Chapter 11: Recent developments

Appendix
1. Research methodology


 

1. Ajanta India Ltd.
2. Bajaj Electricals Ltd.
3. Havells India Ltd.
4. Osram India Pvt Ltd.
5. Philips India Ltd.
6. Samsung India Electronics Pvt. Ltd.
7. Schneider Electric India Pvt. Ltd.
8. Syska LED Lights Pvt Ltd.
9. Wipro Ltd.

*
Full Name
*
Company Name
*
Email Address
*
Telephone
*
Enquiry Message
*
Subject
*
Please add the two numbers

Report Delivery

  • All reports are delivered by email. Typically they are sent within the hour. If you have not received your report, please check your spam folder. If you have not received it within 24 hours, please contact us.
  • Some reports can be downloaded directly after purchase - these are shown on the page.
  • Reports are emailed to the email address used during the checkout process.
  • Reports are sent in PDF format (mostly) but there are some other file formats, include XLS or PPT. The format is shown on the product page.
  • If you purchase using Bank Transfer, the report will be emailed once the funds have cleared into our bank account.
  • Please check the FAQ if you are unsure about the process (this opens in a new window).

A Selection of Our Clients