Smart Lighting Market in India (2018-2023)
The internet of things bleeds over various industries and lighting is no exception for it, making it a smart lighting market . The application of smart lighting products has increased in commercial spaces, factories, streets, and homes. The automation to the product helps the user to adjust lighting remotely. Its demand and production have recently increased in India, making it a growing market in the Indian lighting industries. The smart lighting market is projected to reach a value of INR 373.7 Bn by 2023 in India. The CAGR for the same is estimated to be around 38.44% during 2018-2023. AS the government has begun encouraging programs such as digital India and smart city mission. This has led to increased adoption of smart homes in the country. As a result, the encouraged projects have boosted growth in the India smart lighting market. The application type of smart lighting market, its communication technology, lighting source, and offers make ...