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India’s smart LED street lighting market may grow at 42.2% CAGR

India's smart LED street lighting market may grow at 42.2% CAGR

June 22, 2016:  Research and Markets has announced the addition of a new report called “Smart Street Lighting Market in India.” According to the report, the smart street lighting market in India is expected to grow at a CAGR of 42.2% 2016-2022. With the increasing energy requirements and the need to reduce the effect of global warming, countries like India have started investing in emerging efficient outdoor street lighting systems, like LED lighting, as smart LED street lighting generates less heat and consumes less energy.

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The smart street lighting poles automatically adjust the brightness according to the time of the day. These smart lighting solutions can be operated manually as well as remotely. At present, most of the governments across the globe have completely banned or have implemented strict rules and regulations for the usage of high energy consumable lighting lamps such as incandescent and LED lamps.

India’s smart LED street lighting market may grow at 42.2% CAGR

In many parts of India, the adoption of LED street lighting has already being implemented. But still the adoption of smart street lighting is at nascent state. It is expected that in the next five years, most parts of the country will have smart LED street lighting.

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One comment

  1. Manoj Panchakshari

    Very informative website…..

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