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Home > News > Latest News > Smart Street Lighting Market in India to Grow at CAGR of 42.2%

Smart Street Lighting Market in India to Grow at CAGR of 42.2%

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11-06-2019 11:06 AM Latest News

India is considered to be the biggest smart lighting market in the Asia Pacific region. As per predictions, the investments in smart lighting will double in the country. Also, around 27.5 million traditional street lamps will be replaced with LED lamps in the coming 2-3 years. The ‘Smart Street Lighting Market in India’ will grow at an estimated CAGR of 42.2% during the forecast period 2016–2022.

The major factor driving the replacement is the energy efficiency of LED lighting solutions compared to the conventional high-intensity discharge lamps (HID) which consume more energy and also generate a lot of heat.

Therefore, with the growing awareness and the aim of reducing carbon footprint, the government has started replacing the conventional street lights with smart street lights. Andhra Pradesh (AP) and Himachal Pradesh (HP) have started working on smart street lighting projects.

These smart street lighting poles can be turned “ON” or “OFF” through the smart devices. Most of the smart poles are enabled with motion sensors which turn “ON” whenever there is a movement near the pole. The key players will play an integral role in helping in this transition are GE Lighting, Philips Lighting, Acuity Brands, Osram Licht AG, Eveready Industries India Ltd., Bajaj Electricals, Havells India Ltd., and SYSKA LED Lights.

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