Connected LED to Drive the Next Wave of Growth for the Lighting Market in India

Connected LED to Drive the Next Wave of Growth for the Lighting Market in India

Future Growth Potential Enhanced by Growth Opportunities in Smart City Projects

RELEASE DATE
21-Jan-2021
REGION
South Asia, Middle East & North Africa
Research Code: PB54-01-00-00-00
SKU: ES01175-SA-MT_25195
$4,950.00
In stock
SKU
ES01175-SA-MT_25195
$4,950.00
DownloadLink

Pay by invoice

ENQUIRE NOW

Description

Connected lighting refers to luminaries that are seamlessly integrated into the network of a building/space/city such that they can be monitored and provide valuable information regarding their usage. The luminaires are either programmed to operate in a particular pattern or fitted with sensors to capture information. Connected lighting systems provide energy-saving benefits as well as a wealth of information and can thereby help optimize how a space is being used and also enable other resources to be utilized to their maximum potential. A connected lighting system provides innovative experiences to people, supports managements in devising a granular energy management approach, and helps in integrating the entire system.

The connected LED lighting market in India is forecast to generate revenue of ₹6,922.2 million by FY2025 expanding at a compound annual growth rate (CAGR) of 19.3% from FY2020.

The wireless smart lighting market will grow significantly at a CAGR of 20%-22% between 2020 and 2025 owing to the integration of advanced technologies, such as Bluetooth, ZigBee, and Wi-Fi into the lighting solutions.

The proliferation of Internet of Things (IoT) devices has paved way for the growth of the smart lighting market. With advancements in IoT and wireless communication technologies, lighting component manufacturers have started focusing on enabling wireless connectivity into lighting fixtures. The tech-savvy young population is also increasingly adopting new technologies and features. There is a growing need for replacing conventional systems, coupled with increasing consumer awareness toward the adoption of energy-efficient and sustainable solutions.

Frost & Sullivan recommends lighting players to focus more on R&D and in-house manufacturing which in the long run will bring down operational costs and, at the same time, help them develop specific products to the Indian market. Companies should also think about designing various business models to target organizations in the government end-user segment.

This industry report on the connected LED lighting market in India offers the most up-to-date market data by region and by technology. The research includes data from FY2020 to FY2025 and gives a future outlook on the smart lighting market in India. It will be an invaluable resource for industry executives, marketing, sales and product managers, analysts, and other people looking for key industry data in readily accessible and clearly presented tables and graphs.

Key Issues Addressed

  • What are the key growth opportunities for connected LED players in India?
  • What are the initiatives by governments that drive growth opportunities?
  • What are the leading connected lighting technology trends to watch out for in future?
  • What are the mega trends driving the growth of the connected lighting market in India?
  • What are the key trends accelerating market growth?
  • Which product types will witness maximum growth?

Author: Rajkumar Elilarasu

RESEARCH: INFOGRAPHIC

This infographic presents a brief overview of the research, and highlights the key topics discussed in it.
Click image to view it in full size

Table of Contents

Why is it Increasingly Difficult to Grow?

The Strategic Imperative 8™

The Impact of the Top Three Strategic Imperatives on the Connected LED Lighting Industry

Growth Opportunities Fuel the Growth Pipeline Engine™

Key Findings

Key Findings (continued)

Key Growth Metrics

Connected LED Lighting—Market Overview

Connected LED Lighting—Market Segmentation by End-user

Connected LED Lighting—Market Segmentation by Technology

Connected LED Lighting—Market Segmentation by Players

Connected LED Lighting—Market Segmentation by Subparts

Connected LED Lighting—Market Segmentation by Advancement

Connected LED Lighting—Market Distribution Channels

Growth Drivers of Connected LED Lighting Market

Growth Driver Analysis for the Connected LED Lighting Market

Growth Driver Analysis for the Connected LED Lighting Market (continued)

Growth Driver Analysis for the Connected LED Lighting Market (continued)

Growth Driver Analysis for the Connected LED Lighting Market (continued)

Growth Driver Analysis for the Connected LED Lighting Market (continued)

Growth Restraints for the Connected LED Lighting Market

Growth Restraint Analysis for the Connected LED Lighting Market

Growth Restraint Analysis for the Connected LED Lighting Market (continued)

Growth Restraint Analysis for the Connected LED Lighting Market (continued)

Forecast Assumptions

Revenue and Unit Shipment Forecast

Revenue and Unit Shipment Forecast Discussion

Pricing Trends Discussion

Competitive Environment

Market Share Analysis

Market Share Analysis Discussion

SWOT Analysis of Top Competitors

SWOT Analysis of Top Competitors (continued)

Indoor and Outdoor Lighting Analysis by End-user Segment

Market Estimation by End-user Segment

Market Estimation by End-user Segment (continued)

End-user Discussion—Government

End-user Discussion—Government (continued)

End-user Discussion—Industrial

End-user Discussion—Commercial Building

End-user Discussion—Commercial Building (continued)

End-user Discussion—Infrastructure

End-user Discussion—Residential

End-user Discussion—Residential (continued)

Subparts Analysis

Subparts Analysis Discussion

Market Analysis by Technology

Market Analysis by Technology (continued)

Market Analysis by Technology (continued)

Market Analysis by Technology (continued)

Technology Discussion

Technology Discussion (continued)

Revenue Forecast by Region

Revenue Forecast Analysis by Region

Northern Region

Southern Region

Western Region

Eastern Region

Key Growth Metrics—Controls

Revenue Forecast—Controls

Revenue Forecast Analysis for Controls

Key Growth Metrics—Luminaire

Revenue Forecast—Luminaire

Revenue Forecast Analysis for Luminaire

Impact of Mega Trends on the Connected LED Lighting Market

Impact of Mega Trends on the Connected LED Lighting Market (continued)

Impact of Mega Trends on the Connected LED Lighting Market (continued)

Impact of Mega Trends on the Connected LED Lighting Market (continued)

Impact of Mega Trends on the Connected LED Lighting Market (continued)

Impact of Mega Trends on the Connected LED Lighting Market (continued)

Growth Opportunity 1: Strategic Partnerships with FM Players for Larger Reach

Growth Opportunity 1: Strategic Partnerships with FM Players for Larger Reach (continued)

Growth Opportunity 2: Optimum Utilization of Data

Growth Opportunity 2: Optimum Utilization of Data (continued)

Growth Opportunity 3: Developing the Complete Solution

Growth Opportunity 3: Developing the Complete Solution (continued)

Strategic Imperatives for Success and Growth

Your Next Steps

Why Frost, Why Now?

List of Exhibits

List of Exhibits (continued)

List of Exhibits (continued)

Legal Disclaimer

List of Companies Having Presence in Connected Lighting Market in India

Related Research
Connected lighting refers to luminaries that are seamlessly integrated into the network of a building/space/city such that they can be monitored and provide valuable information regarding their usage. The luminaires are either programmed to operate in a particular pattern or fitted with sensors to capture information. Connected lighting systems provide energy-saving benefits as well as a wealth of information and can thereby help optimize how a space is being used and also enable other resources to be utilized to their maximum potential. A connected lighting system provides innovative experiences to people, supports managements in devising a granular energy management approach, and helps in integrating the entire system. The connected LED lighting market in India is forecast to generate revenue of ₹6,922.2 million by FY2025 expanding at a compound annual growth rate (CAGR) of 19.3% from FY2020. The wireless smart lighting market will grow significantly at a CAGR of 20%-22% between 2020 and 2025 owing to the integration of advanced technologies, such as Bluetooth, ZigBee, and Wi-Fi into the lighting solutions. The proliferation of Internet of Things (IoT) devices has paved way for the growth of the smart lighting market. With advancements in IoT and wireless communication technologies, lighting component manufacturers have started focusing on enabling wireless connectivity into lighting fixtures. The tech-savvy young population is also increasingly adopting new technologies and features. There is a growing need for replacing conventional systems, coupled with increasing consumer awareness toward the adoption of energy-efficient and sustainable solutions. Frost & Sullivan recommends lighting players to focus more on R&D and in-house manufacturing which in the long run will bring down operational costs and, at the same time, help them develop specific products to the Indian market. Companies should also think about designing various business models to target organizations in the government end-user segment. This industry report on the connected LED lighting market in India offers the most up-to-date market data by region and by technology. The research includes data from FY2020 to FY2025 and gives a future outlook on the smart lighting market in India. It will be an invaluable resource for industry executives, marketing, sales and product managers, analysts, and other people looking for key industry data in readily accessible and clearly presented tables and graphs.--BEGIN PROMO--

Key Issues Addressed

  • What are the key growth opportunities for connected LED players in India
  • What are the initiatives by governments that drive growth opportunities
  • What are the leading connected lighting technology trends to watch out for in future
  • What are the mega trends driving the growth of the connected lighting market in India
  • What are the key trends accelerating market growth
  • Which product types will witness maximum growth

Author: Rajkumar Elilarasu

More Information
Author Smita Sundaresan
GPS Codes 95,949,952
Industries Electronics and Sensors
No Index No
Is Prebook No
Podcast No
WIP Number PB54-01-00-00-00