There seems to be a particular smell associated with lightsabers; Ozone.
A burning blade of green slanted across the sergeants face so close he
could smell the ozone, and the hunchback wasn’t a hunchback anymore:
he now held a lightsaber the color of a summmer sky, and he said in a
clipped, educated Coruscanti accent, “Please don’t try to resist. No
one has to get hurt.”
Star Wars: Revenge of the Sith - Official Novelisation
It's more pronounced when the saber comes into contact with electricity
*He was lost in his own thoughts when Qui-Gon swung about with such
swiftness it caught the boy completely by surprise. Down swept the
Jedi’s lightsaber in a brilliant arc, cutting through the shadows
between two buildings, clashing momentarily with something made of
metal that shattered in the wake of the weapon’s passing.
*
Qui-Gon clicked off the lightsaber and knelt to inspect a cluster of
metal parts still sparking and fizzing in the sand. The acrid smell of
ozone and burning insulation hung in the dry air.
Star Wars: The Phantom Menace - Official Novelisation
and
“Help me! I can’t hold on any longer!” The yellow glare from
Palpatine’s eyes spread outward through his flesh. His skin flowed
like oil, as though the muscle beneath was burning away, as though
even the bones of his skull were softening, were bending and bulging,
deforming from the heat and pressure of his electric hatred. “He is
killing me, Anakin-! Please, Anaaahhh-“
Mace’s blade bent so close to his face that he was choking on ozone.
“Anakin, he’s too strong for me-“
Star Wars: Revenge of the Sith - Official Novelisation