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The Indian lighting industry is registering strong growth and is anticipated to grow with higher CAGR in forecast periods. Government’s ambitious energy conservation target is the driving factor for this transition. India lighting market is segregated into four major parts i.e. Luminaries, Lamps, LEDs, Accessories Components and Control Gears (ACCs). The LED segment is leading the market and is likely to capture tremendous growth in forecast periods. By product, India LED lighting market is segregated into; LED Street Lights, LED Tube Lights, LED Bulbs & Lamps, LED Luminaries, LED Down-lights. LED Bulbs & Lamps is leading with volume market share of more than 60% as compare to Luminaries having the lowest market share.
LED Lighting industry in India has created numerous opportunities. LED lights have enormously entered into residential, commercial, industrial and many other sectors in India market, However still market has to go long way. According to the report title, “India LED Lightening Market Outlook, 2026”, LED market in India is anticipated to grow at CAGR of more than 25% in volume terms in forecast periods. In the current market scenario, LED lighting products have gained a prominent spot in the lighting market, owing to their various benefits over older lighting technology.
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Nowadays, the stipulation for LED lighting in India is largely driven by Tier-1 cities, because of stronger awareness. However, in future the demand is also anticipated to grow from Tier-2, Tier-3 and rural markets especially on street lighting and industrial lighting segments. Further, government initiatives, projects and various schemes will open up new market for the LED lighting industry. Government initiatives towards rural households regions in India by introducing the “UJALA Scheme”, will also benefited the LED market. West region in India is prominent in LED market with market share of more than 30% in volume terms, however, the penetration of LED market is still low in in the East region of India. By end user application market is segmented into residential, commercial, industrial and others consist of highways and public places. The residential segment is highest penetrated segment with the market share of more than 40% in LED market. However, government’s ambitious energy conservation target, the overall LED market is registering strong growth and is anticipated to grow tremendously even over the long term.
The LED sector is anticipated to grow in full swing, due to the expansion in infrastructure development such as highways, commercial places etc., adding to which with socioeconomic extension and inclination of people towards energy efficient and innovative lighting solutions, the further actions are well defined. Due to the ecofriendly environment awareness among people, this has additionally built the push. The government’s programs such as ‘Power for all’ will keep the momentum going.
Like many other market industry in India, lighting industry is also affected due to the Covid-19 as the supplies of electronic elements are hit due to a shutdown in many foreign countries. The market has measured a negative growth in pandemic situation and downfall in total value market; however the growth momentum is likely to recover speedily.
Considered in this report
• Geography: India
• Base year: 2020 -21
• Estimated year: 2021-22
• Forecast year: 2026-27
Aspects covered in this report
• India LED lighting market with its value and forecast along with its segments
• Region-wise LED market analysis
• Various drivers and challenges
• On-going trends and developments
• Top profiled companies
• Strategic recommendation
Regions covered in the report
Types of LED Lighting in the report
• LED Street Lights
• LED Tube Lights
• LED Bulbs & Lamps
• LED Luminaries
• LED Down-lights
• LED Smart Light
Major Companies in LED Lighting market
Philips, Surya Roshni, Havells, Syska, Bajaj, Energy Efficiency Services Limited, Crompton Greaves Consumer Electricals Limited, Eveready, Wipro Consumer Care & Lighting Ltd, Halonix Technologies Private Limited, Orient Electric Limited, Osram Lighting Private Limited
TABLE OF CONTENTS
1. Executive Summary
2. Report Methodology
3. India Demographic Insight
4. India Lighting Market Outlook
4.1. Market Size By Value
4.1.1. Market Share By Segment
4.2. India Lamps Market Outlook
4.2.1. Market Size By Value
4.2.2. Market Size By Volume
22.214.171.124. Overall Lamp Market
126.96.36.199. Incandescent Lamp Market
188.8.131.52. Compact Fluorescent Lamp Market
184.108.40.206. Fluorescent Tube Lamp Market
220.127.116.11. Other Lamps Market
4.2.3. Market Share By Technology
4.3. India Luminaires Market Outlook
4.4. India Accessories, Components and Control Gears Market Outlook
5. Indian LED Lighting Market Outlook
To Access Complete Report: https://www.bonafideresearch.com/product/211230051/india-led-lighting-market
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