Indian LED Lighting Market Analysis, Industry Size, Growth, Opportunity and Forecast 2022-2027

The latest report published by IMARC Group, titled "Indian LED Lighting Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027," offers a comprehensive analysis of the industry, which comprises insights on the market share. The report also includes competitor and regional analysis, and contemporary advancements in the market.

The Indian LED lighting market size reached US$ 2.8 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 9.7 Billion by 2027, exhibiting a CAGR of 23.31% during 2022-2027.

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A light-emitting diode (LED) is a semiconductor unit that generates light when current flows through it. It is made using the p-n junction process and has become one of the most energy-efficient and rapidly developing lighting technology. LED lights have gained significant prominence in the Indian lighting market on account of their various advantages over conventional light technologies, which include reliability, longer life span, higher efficiency, and environmental friendliness. Currently, the LED lighting market is nascent; however, it is anticipated to observe considerable growth over the next few decades.

Market Trends and Drivers:

The Indian LED lighting market is primarily driven by the easy availability of skilled labor and several demographic advantages. Additionally, the Government of India (GoI) is undertaking various initiatives to promote the use of LED lights due to the increasing environmental consciousness, which is bolstering the market growth. Moreover, rapid urbanization, declining prices of LED lights, and the development of smart building projects are accelerating the market growth. Other factors, such as increasing consumer expenditure power, rising infrastructural investments, the presence of leading market players, and growing demand for LED street lighting systems, are creating a positive outlook for 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

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This report can serve as an excellent guide for investors, researchers, consultants, marketing strategists and all those who are planning to foray into the market in any form.

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.

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This release was published on openPR.