Indian Smart Lighting Market Size 2021-2026: Industry Trends, Share, Growth and Forecast Report
SHERIDAN, WYOMING, UNITED STATES – According to the latest report by IMARC Group, titled “Indian Smart Lighting Market Size: Industry Trends, Share, Growth, Opportunity and Forecast 2021-2026”, the indian smart lighting market exhibited strong growth during 2015-2020. Looking forward, IMARC Group expects the market to grow at a CAGR of around 25% during 2021-2026.
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
Smart lighting is an energy-efficient technology that includes power saving fixtures and automated controls for smooth operations. This technology enables the user to monitor illumination and control the lighting in a particular space depending upon the occupancy and daylight availability. Smart lighting systems are accessible through smartphone applications, which can be operated via voice commands, Bluetooth, Wi-Fi, and other forms of wireless connections. As a result, they find extensive applications in commercial, industrial, and residential sectors.
The smart lighting market in India is majorly being driven by the increasing adoption of the internet of things (IoT) in the country. Several favorable initiatives by the Government of India (GoI) for introducing intelligent street lighting systems as a part of smart-city development endeavors is further fueling the market growth. Technological advancements in lighting solutions, such as the integration of software-controlled LED lights and automated smart assistance, are supporting the market growth. Moreover, smart lighting uses motion sensors that offer reduced energy consumption and minimized electricity costs, which is creating a positive outlook for the market.
(Source and courtesy: https://www.einnews.com/)