Press release
Indian LED Lighting Market: Industry Outlook, Size (US$ 9.7 Billion), Share, Growth (CAGR of 23.31%), Top Companies Analysis, Report 2022-2027
Indian LED Lighting Market Trends:
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.
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Year Considered to Estimate the Market Size:
Base Year of the Analysis: 2021
Historical Period: 2016-2021
Forecast Period: 2022-2027
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
Industry Definition and Application:
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.
Key Market Segmentation:
The report has segmented the Indian LED lighting market based on product, indoor & outdoor markets, public & private 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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Note: We are updating our reports, if you want the report with the latest primary and secondary data (2022-2027) including industry trends, market size and competitive landscape, etc. click request free sample report, published report will be delivered to you in PDF format via email within 24 to 48 hours.
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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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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