The lighting market like all other markets is strained owing to the on-set of the COVID-19 pandemic. However, if we take a look at the statistics, a report conducted by Reports Monitor suggests that the smart lighting market globally is estimated to grow from USD 13.4 billion in 2020, and is projected to reach USD 30.6 billion by the year 2025, at a CAGR of 18.0%.
Industry representatives seem positive about the overall situation. According to a report from TechSci (A global research-based consulting firm), the LED lighting market in India is projected to register a CAGR of over 24 per cent during 20162021. The Indian LED lighting market stood at USD 918.70 million in 2016 and is projected to grow at a CAGR of 24.66 per cent, in value terms, to reach USD 3.76 billion by 2022. Our Market Feature titled – ‘The Report: Chasing innovation and adhering to quality in smart lighting,’ will tell you more.
Also, our special feature and cover story for the month, titled – ‘The road that lay ahead: LED and the call for energy-efficient solutions,’ is one that investigates further into the paradigm shift in the way the 2015 Paris Agreement is being approached, and also highlights the initiatives taken by the Government of India to make affordable LED lighting solutions available to the masses.
The Lighting India Magazine is also proud to feature representatives from the industry who give expert insight on several subjects. To name a few of our guest writers this month, we have Anil Valia, Lighting Designer, Educator & Consultant; also known as a Lighting Evangelist as designated by ISHREA, who speaks on the ‘The Future of LED Business – Beyond Energy Efficacy.’ And to add diversity to the kind of content we provide, we also have featured Ar. Ashish Batra, General Manager (Architecture and Planning), Total Synergy Consulting Private Limited (TSCPL), who has provided insight on lighting design in hospitals.
I truly hope my dear readers that you have a wonderful read. See you soon, stay safe and stay connected!
Publisher & Editor-In-Chief