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The LED lighting market in India is forecasted to grow by USD 6.92 bn during 2023-2028, accelerating at a CAGR of 23.23% during the forecast period. The report on the LED lighting market in India provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.Speak directly to the analyst to clarify any post sales queries you may have.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by declining manufacturing cost of LED lights, phasing out halogen, incandescent, fluorescent, and HID lamps, and increasing demand for LED lighting in hazardous areas.
The LED lighting market in India is segmented as below:
By Product
- Luminaries
- Lamps
By Application
- Indoor
- Outdoor
By Distribution Channel
- Offline
- Online
The report on the LED lighting market in India covers the following areas:
- LED lighting market in India sizing
- LED lighting market in India forecast
- LED lighting market in India industry analysis
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.
Table of Contents
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Product
7 Market Segmentation by Application
8 Market Segmentation by Distribution Channel
9 Customer Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
List of Exhibits
Executive Summary
The publisher recognizes the following companies as the key players in the LED lighting market in India: Axiom Controls Pvt. Ltd, Crompton Greaves Consumer Electricals Ltd., Diamond Lighting, Eltecks India Pvt. Ltd., Eveready Industries India Ltd., Halonix Technologies Pvt. Ltd., Havells India Ltd., Jaquar, Koninklijke Philips N.V., KwalityIndia.com, Magik LED, Nirvana Lights, Orbit Lightings, Oreva, Polycab India Ltd., Surya Roshni Ltd., Syska LED Lights Pvt. Ltd., UM Green Pvt. Ltd., Wipro Ltd., and Bajaj Electricals Ltd..Commenting on the report, an analyst from the research team said: 'The latest trend gaining momentum in the market is government initiatives propelling demand for LED lights.'
According to the report, one of the major drivers for this market is the declining manufacturing cost of LED lights.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Axiom Controls Pvt. Ltd
- Crompton Greaves Consumer Electricals Ltd.
- Diamond Lighting
- Eltecks India Pvt. Ltd.
- Eveready Industries India Ltd.
- Halonix Technologies Pvt. Ltd.
- Havells India Ltd.
- Jaquar
- Koninklijke Philips N.V.
- KwalityIndia.com
- Magik LED
- Nirvana Lights
- Orbit Lightings
- Oreva
- Polycab India Ltd.
- Surya Roshni Ltd.
- Syska Led Lights Pvt. Ltd.
- UM Green Pvt. Ltd.
- Wipro Ltd.
- Bajaj Electricals Ltd.
