Connected LED to Drive the Next Wave of Growth and Innovation for the Indian Lighting Industry
Future growth potential enhanced by growth opportunities in smart city projects
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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.
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