Press release
Indian LED Lighting Market 2023-2028: Size (US$ 11.9 Billion), Share, Growth (CAGR of 23.38%), Top Companies Analysis and Research Report
The Indian LED lighting market size reached US$ 3.4 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 11.9 Billion by 2028, exhibiting a growth rate (CAGR) of 23.38% during 2023-2028. 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.
Year Considered to Estimate the Market Size:
โข Base Year of the Analysis: 2022
โข Historical Period: 2017-2022
โข Forecast Period: 2023-2028
Light-emitting diodes (LEDs) are an energy-efficient and rapidly developing lighting technology that produces more efficient light than traditional incandescent light bulbs. They are made using the p-n junction process and have gained popularity due to their highly directional nature and efficiency. Consequently, there has been an increasing demand for LED lighting in various applications, including streetlights, walkways, parking garages, refrigerated case lighting, modular lighting, and task lighting. In India, the demand for LED lighting is surging due to its numerous advantages over conventional light technologies, including longer lifespan, higher efficiency, reliability, and environmental friendliness.
๐๐จ๐ฐ๐ง๐ฅ๐จ๐๐ ๐๐ซ๐๐ ๐ฌ๐๐ฆ๐ฉ๐ฅ๐ ๐๐ซ๐จ๐๐ก๐ฎ๐ซ๐: https://www.imarcgroup.com/indian-led-lighting-market/requestsample
๐๐ง๐๐ข๐๐ง ๐๐๐ ๐๐ข๐ ๐ก๐ญ๐ข๐ง๐ ๐๐๐ซ๐ค๐๐ญ ๐๐ซ๐๐ง๐๐ฌ:
The Indian market for LED lighting is experiencing significant growth, driven by the rising demand for energy-efficient lighting systems and increasing environmental awareness. The Government of India (GoI) is also implementing various initiatives promoting the replacement of conventional street lights with LED lights, which, in turn, is bolstering the market growth. In line with this, rapid urbanization and the development of smart building projects are further accelerating the market growth. Additionally, the increasing spending power of consumers and rising infrastructural investments are contributing to the market growth. Moreover, the surging product demand in architectural lighting across commercial and residential sectors and reducing prices of LED lighting are fueling the market growth. Apart from this, the easy availability of LED products in online retail stores and the escalating awareness regarding the benefits of LED lighting are providing a significant boost to the market growth in the country.
๐๐ง๐๐ข๐๐ง ๐๐๐ ๐๐ข๐ ๐ก๐ญ๐ข๐ง๐ ๐๐๐ซ๐ค๐๐ญ ๐๐๐๐-๐๐๐๐ ๐๐จ๐ฆ๐ฉ๐๐ญ๐ข๐ญ๐ข๐ฏ๐ ๐๐ง๐๐ฅ๐ฒ๐ฌ๐ข๐ฌ ๐๐ง๐ ๐๐๐ ๐ฆ๐๐ง๐ญ๐๐ญ๐ข๐จ๐ง:
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:
โข Signify NV
โข Surya Roshni Limited
โข Crompton Greaves Consumer Electricals Limited
โข Bajaj Electricals Limited
โข Halonix Technologies Pvt. Ltd.
โข Havells India Limited
Key Market Segmentation:
The report has segmented the Indian LED lighting market based on product type, application, public & private sectors, indoor & outdoor markets and region.
โข Indian LED Lighting Market by Product Type
โข Indian LED Lighting Market by Application
โข Indian LED Lighting Market by Public and Private Sectors
โข Indian LED Lighting Market by Indoor and Outdoor Applications
โข Indian LED Lighting Market by Region
Products Manufactured:
โข Panel Lights
โข Flood Lights
โข Down Lights
โข Street Lights
โข Tube Lights
โข Bulbs
โข Others
Technical and Financial Analysis:
โข Manufacturing Process
โข Raw Material Requirements
โข Land Requirements
โข Construction Requirements
โข Manpower Requirements
โข Utility Requirements
โข Packaging Requirements
โข Capital Investments
โข Operating Expenses
โข Incomes
โข Profit Margins
โข Return on Investment
๐๐ฌ๐ค ๐๐ง๐๐ฅ๐ฒ๐ฌ๐ญ ๐๐จ๐ซ ๐๐% ๐๐ซ๐๐ ๐๐ฎ๐ฌ๐ญ๐จ๐ฆ๐ข๐ณ๐๐ ๐ซ๐๐ฉ๐จ๐ซ๐ญ: https://www.imarcgroup.com/request?type=report&id=720&flag=C
๐๐๐ฒ ๐๐ข๐ ๐ก๐ฅ๐ข๐ ๐ก๐ญ๐ฌ ๐จ๐ ๐ญ๐ก๐ ๐๐๐ฉ๐จ๐ซ๐ญ:
โข Market Performance (2017-2022)
โข Market Outlook (2023-2028)
โข Market Trends
โข Market Drivers and Success Factors
โข Impact of COVID-19
โข Value Chain Analysis
โข 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.
๐๐จ๐ง๐ญ๐๐๐ญ ๐๐ฌ:
IMARC Group
134 N 4th St
Brooklyn, NY 11249, USA
Email: sales@imarcgroup.com
Americas: +1-631-791-1145 | Europe & Africa: +44-753-713-2163 | Asia: +91-120-433-0800
๐๐๐จ๐ฎ๐ญ ๐๐ฌ
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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