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Indian LED Lighting Market 2022, Size, Share, Trends, Growth and Competitive Analysis

05-31-2022 09:04 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: IMARC Group

Indian LED Lighting Market 2022, Size, Share, Trends, Growth

According to IMARC Group's latest report, titled "Indian LED Lighting Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027", the Indian LED lighting market reached a value of US$ 2,754 Million in 2021. Looking forward, IMARC Group expects the market to reach US$ 9,658 Million by 2027, exhibiting a CAGR of 23.31% during 2022-2027. A light-emitting diode (LED) refers to a semiconductor device that emits light when the electric current is passed through a microchip. LED lighting products offer compact size, high durability, low heat output, minimum radiation emission, and consume less power. LED lights are more efficient in comparison to other light bulbs, owing to which, incandescent and fluorescent lights are prominently being replaced by LED lighting systems.

Request a Free PDF Sample of the Report: https://www.imarcgroup.com/indian-led-lighting-market/requestsample

Market Trends and Drivers:

The increasing demand for energy-efficient lighting system, along with a significant decline in the price of LED, is primarily augmenting the Indian LED lighting market growth. Furthermore, the growing environmental concerns have propelled the use of LED lighting products for reducing the carbon emissions from conventional fluorescent lights in the country. Moreover, the rising use of LED lights in automotive parts, signals and signage, mobile devices, etc., is also augmenting the market growth. Additionally, the increasing demand for LED in architectural lighting across both commercial and residential sectors is further bolstering the growth of the market.

Indian LED Lighting Market 2022-2027 Competitive Analysis and Segmentation:

Competitive Landscape With Key Players:

The competitive landscape of the Indian LED lighting market has been studied in the report with the detailed profiles of the key players operating in the market.

Some of these key players include:

Bajaj
Signify NV
Surya
Halonix
HQ Lamps
Osram
Havells
Crompton

Key Market Segmentation:

The report has segmented the Indian LED lighting market on the basis of product, public & private markets, indoor & outdoor markets, end-use sector and region.

Indian LED Lighting Market by Product

Indian LED Lighting Market by Indoor and Outdoor Markets

Indian LED Lighting Market by Public and Private Markets

Indian LED Lighting Market by End-Use Sector

Indian LED Lighting Market by Region

Ask Analyst for Customization and Explore Full Report With TOC & List of Figures: https://www.imarcgroup.com/request?type=report&id=720&flag=C

Key Highlights of the Report:

Market Performance (2016-2021)
Market Outlook (2022-2027)
Market Trends
Market Drivers and Success Factors
Impact of COVID-19
Value Chain Analysis
Comprehensive mapping of the competitive landscape

If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

Contact US:
IMARC Group
30 N Gould St, Ste R
Sheridan, WY 82801, USA
Email: sales@imarcgroup.com
Americas: +1-631-791-1145 | Europe & Africa: +44-753-713-2163 | Asia: +91-120-433-0800

About Us

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC's information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company's expertise.

Our offerings include comprehensive market intelligence in the form of research reports, production cost reports, feasibility studies, and consulting services. Our team, which includes experienced researchers and analysts from various industries, is dedicated to providing high-quality data and insights to our clientele, ranging from small and medium businesses to Fortune 1000 corporations.

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