India Smart Lighting Market to 2032
Overview
The India Smart Lighting Market is expected to reach a 10.08 USD Billion by 2032 and is projected to grow at a CAGR of 50.15% from 2025 to 2032.
Revenue, 2024 (USD Billion)
1.74
Forecast, 2032 (USD Billion)
10.08
CAGR, 2024 - 2032
50.15%
Report Coverage
India
India Smart Lighting Market 2018-2032 USD Billion
India Smart Lighting Market, Key Findings (2025-2032)
Market Growth and Projections:
- Market Size (2024): 1.74 USD Billion
- Projected Market Size (2032): 10.08 USD Billion
- CAGR (2025-2032): 50.15%
Key Findings of India Smart Lighting Market
- The India Smart Lighting Market was valued at 1.74 USD Billion in 2024.
- The India Smart Lighting Market is likely to grow at a CAGR of 50.15% during the forecast period of 2024 to 2032.
- In 2024, the Largest segment Retrofit Installation in Installation Type Segment accounted for the largest share of the market with a revenue of 1.24 USD Billion
- The fastest growing segment Hardware in Offering Segment grew Fastest with a CAGR of 51.19% during the forecast period from 2024 to 2032.
India Smart Lighting Market Scope
India Smart Lighting Market Segmentation & Scope
Offering
- Services
- Software
- Hardware
Application Type
- Outdoor Application
- Indoor Application
Communication Technology
- Wireless Technology
- Wired Technology
Installation Type
- New Installation
- Retrofit Installation
India Smart Lighting Market Data Coverage Insights
| Study Period | 2024-2032 |
| Base Year | 2018 |
| Unit | Revenue in USD Billion |
| Market Value in 2024 | 1.74 USD Billion |
| Market Value in 2032 | 10.08 USD Billion |
| CAGR (2025-2032) | 50.15% |
| Historic Data | 2016-2023 |
| Market Segments Covered | Offering,Application Type,Communication Technology,Installation Type |
Regional Insights:
-
Leading Market (2024-2032): India, leading in terms of revenue 1.74 USD Billion in 2024
- Key Country: India, leading in terms of revenue with value of 1,736.18 USD Million in 2024.
Segments and Scope
-
India Smart Lighting Market to 2032, By Offering
- Hardware is the largest segment in India Smart Lighting Market to 2032 with a revenue of 1.03 USD Billion in the year 2024.
- Hardware is the Fastest growing segment in India Smart Lighting Market to 2032 with a Growth rate of 51.19 % in forecast period 2025-2032.
-
India Smart Lighting Market to 2032, By Application Type
- Indoor Application is the largest segment in India Smart Lighting Market to 2032 with a revenue of 1.21 USD Billion in the year 2024.
- Indoor Application is the Fastest growing segment in India Smart Lighting Market to 2032 with a Growth rate of 50.51 % in forecast period 2025-2032.
-
India Smart Lighting Market to 2032, By Communication Technology
- Wired Technology is the largest segment in India Smart Lighting Market to 2032 with a revenue of 1.10 USD Billion in the year 2024.
- Wireless Technology is the Fastest growing segment in India Smart Lighting Market to 2032 with a Growth rate of 49.67 % in forecast period 2025-2032.
-
India Smart Lighting Market to 2032, By Installation Type
- Retrofit Installation is the largest segment in India Smart Lighting Market to 2032 with a revenue of 1.24 USD Billion in the year 2024.
- Retrofit Installation is the Fastest growing segment in India Smart Lighting Market to 2032 with a Growth rate of 50.72 % in forecast period 2025-2032.
India Smart Lighting Market Company Share Analysis
| Company Name |
|
||
| Legrand | |||
| Signify Holding | |||
| Seiko Epson Corporation | |||
| Honeywell International Inc. | |||
| WOLFSPEED, INC. | |||
India Smart Lighting Market Geographical Sales Distribution, 2018-2032 USD Billion
India Smart Lighting Market Company Profiling
Industry Related Reports
Frequently Asked Questions
The India Smart Lighting Market is segmented based on Segmentation Offering,Application Type,Communication Technology,Installation Type.
India Smart Lighting Market was valued at USD 1.74(Revenue in USD Billion) in 2018.
India Smart Lighting Market is projected to grow at a CAGR of 50.15% during the forecast period of 2024 to 2032.
The Retrofit Installation segment is expected to dominate the India Smart Lighting Market, holding a largest market share of 1.24 USD Billion in 2024
India Smart Lighting Market Scope
India Smart Lighting Market Segmentation & Scope
Offering
- Services
- Software
- Hardware
Application Type
- Outdoor Application
- Indoor Application
Communication Technology
- Wireless Technology
- Wired Technology
Installation Type
- New Installation
- Retrofit Installation
Frequently Asked Questions
The India Smart Lighting Market is segmented based on Segmentation Offering,Application Type,Communication Technology,Installation Type.
India Smart Lighting Market was valued at USD 1.74(Revenue in USD Billion) in 2018.
India Smart Lighting Market is projected to grow at a CAGR of 50.15% during the forecast period of 2024 to 2032.
The estimated market value of the India Smart Lighting Market for final year is USD 10.08 (USD Billion).
India Smart Lighting Market Company Profiling
Frequently Asked Questions
The India Smart Lighting Market is segmented based on Segmentation Offering,Application Type,Communication Technology,Installation Type.
India Smart Lighting Market was valued at USD 1.74(Revenue in USD Billion) in 2018.
India Smart Lighting Market is projected to grow at a CAGR of 50.15% during the forecast period of 2024 to 2032.
The estimated market value of the India Smart Lighting Market for final year is USD 10.08 (USD Billion).
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