The “smart” street lighting market in India is expected to grow at an annual rate of 42.2 per cent to reach USD 1,868.9 million by 2022 as adoption of LED and solar powered systems rises in the country, a report said.
According to Infoholic Research, Indias fast-developing public infrastructure — demand for roads and highways, smart cities and smart homes — is driving adoption of smart street-lighting. “In India, smart street-lighting is at the nascent stage and is expected to grow rapidly over the next two years. New installation projects for smart street-lighting have been launched starting 2015 and many more projects for replacing street-lights are expected in the coming years in urban and rural areas of India,” the report said. As a result, a major share of revenues is expected to be realised from urban zones, which are expected to aggregate USD 1,304.8 million in smart street-lighting spending by CY2022.