Harshvardhan Chitale forecast that as increasingly inexpensive smart bulbs quickly replace incandescent bulbs and compact fluorescent lamps (CFLs), smart connected lights will become one of the largest Internet of Things (IOT) devices in the next 5 to 10 years.
Chitale said in a recent interview: "The next generation of lighting changes will be have more people using smart lights and they will become IOT devices. In the next 5 to 10 years, smart lights will become one of the largest IOT devices. "Chitale also said that smart lights are currently in an emerging stage and currently have a market share of 5% in the country's lighting sector and are expected to become" default equipment "in the next 5 to 10 years. Smart connected lights are the next generation of energy-saving LED products with additional sensors to sense data such as temperature.
TechSci Research recently released a technology report entitled "2020 Indian LED Lighting Market Forecasts and Opportunities" which states that from 2015 to 2020, the Indian LED lighting market is expected to grow at a compound annual growth rate of more than 32%. "Today, when we think about buying a mobile phone, we don't want to buy a fixed phone anymore. By default, we think of a mobile phone or a smartphone. We expect that in the next 5 to 10 years, When people think about upgrading existing lighting equipment or installing new bulbs, they choose to install a smart lighting system. "
Chitale claims that India is ready to adopt a larger-scale smart lighting solution. "We are a very tech-conscious economy. If you notice the popularity of smart hands in our country, you will find that we are now one of the largest markets in the world. Smart lights are essentially based on the same Technology pillars. In terms of digital infrastructure, technology awareness and software development, we are always developing Indian-specific applications. Therefore, when we launched a new solution in India, in the four or five vertical areas I mentioned above ( Homes, offices, streets, retail chains, etc.), our solutions will be applied quickly, and many people will support them. "
At present, in the entire lighting industry, smart lights still occupy less than 10% of the Indian national market. "But it's growing rapidly. Globally, in India, the number of smart connected lighting facilities is doubling every year. It's growing very fast, although it's a bit slow to start."
In the government's recently launched "Smart City" plan, Chitale predicts that smart street lights "will be one of the key pillars of India's smart cities." Naya Raipur, the capital of Chhattisgarh, India, was one of the first cities to upgrade to a connected smart street light system. Chitale said that the company is also cooperating with the smart street light project in Pune.