Indian LED Lighting Market 2023-2028: Size (US$ 11.9 Billion), Share, Growth (CAGR of 23.38%), Top Companies Analysis and Research Report

The latest report published by IMARC Group, titled "𝐈𝐧𝐝𝐢𝐚𝐧 𝐋𝐄𝐃 𝐋𝐢𝐠𝐡𝐭𝐢𝐧𝐠 𝐌𝐚𝐫𝐤𝐞𝐭: 𝐈𝐧𝐝𝐮𝐬𝐭𝐫𝐲 𝐓𝐫𝐞𝐧𝐝𝐬, 𝐒𝐡𝐚𝐫𝐞, 𝐒𝐢𝐳𝐞, 𝐆𝐫𝐨𝐰𝐭𝐡, 𝐎𝐩𝐩𝐨𝐫𝐭𝐮𝐧𝐢𝐭𝐲 𝐚𝐧𝐝 𝐅𝐨𝐫𝐞𝐜𝐚𝐬𝐭 𝟐𝟎𝟐𝟑-𝟐𝟎𝟐𝟖," 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$ 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:

• Base Year of the Analysis: 2022

• Historical Period: 2017-2022

• 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.

𝐃𝐨𝐰𝐧𝐥𝐨𝐚𝐝 𝐟𝐫𝐞𝐞 𝐬𝐚𝐦𝐩𝐥𝐞 𝐛𝐫𝐨𝐜𝐡𝐮𝐫𝐞: https://www.imarcgroup.com/indian-led-lighting-market/requestsample

𝐈𝐧𝐝𝐢𝐚𝐧 𝐋𝐄𝐃 𝐋𝐢𝐠𝐡𝐭𝐢𝐧𝐠 𝐌𝐚𝐫𝐤𝐞𝐭 𝐓𝐫𝐞𝐧𝐝𝐬:

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.

𝐈𝐧𝐝𝐢𝐚𝐧 𝐋𝐄𝐃 𝐋𝐢𝐠𝐡𝐭𝐢𝐧𝐠 𝐌𝐚𝐫𝐤𝐞𝐭 𝟐𝟎𝟐𝟑-𝟐𝟎𝟐𝟖 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:

• Signify NV
• Surya Roshni Limited
• Crompton Greaves Consumer Electricals Limited
• Bajaj Electricals Limited
• Halonix Technologies Pvt. Ltd.
• 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.

• Indian LED Lighting Market by Product Type
• Indian LED Lighting Market by Application
• Indian LED Lighting Market by Public and Private Sectors
• Indian LED Lighting Market by Indoor and Outdoor Applications
• Indian LED Lighting Market by Region

Products Manufactured:

• Panel Lights
• Flood Lights
• Down Lights
• Street Lights
• Tube Lights
• Bulbs
• Others

Technical and Financial Analysis:

• Manufacturing Process
• Raw Material Requirements
• Land Requirements
• Construction Requirements
• Manpower Requirements
• Utility Requirements
• Packaging Requirements
• Capital Investments
• Operating Expenses
• Incomes
• Profit Margins
• Return on Investment

𝐀𝐬𝐤 𝐀𝐧𝐚𝐥𝐲𝐬𝐭 𝐟𝐨𝐫 𝟏𝟎% 𝐟𝐫𝐞𝐞 𝐜𝐮𝐬𝐭𝐨𝐦𝐢𝐳𝐞𝐝 𝐫𝐞𝐩𝐨𝐫𝐭: https://www.imarcgroup.com/request?type=report&id=720&flag=C

𝐊𝐞𝐲 𝐇𝐢𝐠𝐡𝐥𝐢𝐠𝐡𝐭𝐬 𝐨𝐟 𝐭𝐡𝐞 𝐑𝐞𝐩𝐨𝐫𝐭:

• Market Performance (2017-2022)
• Market Outlook (2023-2028)
• 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:
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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.

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This release was published on openPR.