There is this new lighting technology innovation called smart lighting, and its main purpose is to ensure optimal energy efficiency and can even be controlled using a smartphone. Apart from this, they can do other things as well like sense daylight, room occupancy and switch on or off accordingly and even respond to ultrasonic commands as well.
The big advantage that the Smart Lighting Market In India is selling is that such lights require lower energy usage and ensure high-cost savings, and this is enough to bring up this demand to INR 373.7 Bn by 2023.
There are other reasons why smart lights are popular; for one, consumers have a much better awareness of energy efficiency, owing to their understating of and a growing prevalence of critical issues like global warming, carbon emissions. For them, they wanted to do their part and make purchase decisions that are cleaner and more conscious – and smart lights are one of them.
In fact, this is one factor that will impact the global market as well. Many industrial and commercial sectors are opting for this greener change too, their cause being supported by the government’s ‘Smart City Mission’, and ‘Digital India’ programs.
On the basis of segmentation, one has offerings, lighting sources, communication technologies, and application types. Where lighting sources are concerned, this market for smart lights in India has been divided into compact fluorescent lamps, fluorescent lamps, light-emitting diodes lights, and high-intensity discharge lamps.
Given these kinds of choices, manufacturers have to place discounts, rebates on what they sell in order to compete. Also adding impetus is the Street Light National Program as initiated by the Indian government.
Going on the kind of offerings it has right now, you’ve got categories like hardware, software, and services. Different kinds of technology worked on, but for now, most products offerings fall into the categories of wired and wireless technology.
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