1. Bajaj Electricals Limited
2. Eveready Industries India Limited
3. Havells India Limited
4. Orient Electric Limited
5. Osram Lighting Private Limited
India LED Lighting Market Definition
LED (Light Emitting Diode), these products produce light efficiently more than 90% than the older lighting products. The new technology advancement has helps out the manufactures to introduce new products and these leading the lighting market in the recent years. The LED works when an electrical current passes through a microchip, which light ups the tiny light known as LED light. The types of LED lights available in the market currently are, miniature LEDs, application LEDs, LED strips, directional LED lamps, conversion kits and downlights, LED candle bulbs, LED spots, LED corn bulbs. The miniature LEDs are the indicators of mobiles, TV sets, remote control and many more. These produce small and effective and long-range beam of light. The application specific LEDs are customized according to the costumer’s choice. The public displays and digital billboards are produced by the same LEDs. The LED strips are mounted on a super-thin and flexible circuit board, which consists of high-powered LED lights. These look like a long strip with small twinkling lights. The conversion kits & downlights provide sophisticated lighting. These can be dimmable. These can be easily converted into different sizes like 4’’, 5’’ and 6’’ for easy fitting. The LED candle bulbs are the popular ones in the lighting market. These are mainly used for decorations in different manners, people install these in their gardens, on ceiling of entrance areas of their homes. These are available in different shapes and sizes. So, these were some of the trending LED lights in the Indian LED lighting market.
India LED Lighting Market Overview
According to the report titled, “India LED Lighting Market Outlook, 2027” states that the LED market in India is forecasted to grow with a CAGR of more than 25% in terms of volume. In the recent years LED lighting products have gained huge profits and a prominent position in lighting market, because of their new technology advancement then the older lighting technology.
Today the Indian LED lighting market is driven by the Tier-1 cities like Bangalore, Chennai, Delhi, Hyderabad, Kolkata, Mumbai, Ahmedabad and Pune, only because of the strong awareness of new products in the market. However, it has been researched that in the coming years and most of the market growth is expected from the Tier-2, Tier-3 and the rural areas. The market growth is because of the street lighting and industrial light segments. Further the market is expected to grow with different initiatives and schemes are expected to open up new markets for the LED light industry.
The LED lighting market is segmented into residential, commercial, industrial and other segments like highways and public places. Within this the residential segment is known to have the highest market share of more 40% in the LED market. In India the western region is mostly dominated by the LED lighting market, whereas in the eastern region the market is still at a low range. The western region holds the market with more than 30% in terms of volume. Due to the development of new highways, industries and commercial places, the LED lighting segment is anticipated to grow with full swing.
As per research, the CFL and Incandescent Lights occupies almost 70% of the LED market, this also encouraging the manufactures to keep up the flow of introducing new products in the market. Through the various schemes introduced by the government of India like the UJALA and the SLNP schemes with the major efforts by the marketers is bringing awareness in the market. The LED lighting market has seen tremendous growth in the recent years, the same market was struggling in the market few years before but today the technology innovation has made the market to reach to the top. As recorded in last six years the market has accounted a market share of more than 40%. The government initiatives have also helped out the market to enhance by providing the 9W LED bulbs at a cheaper rate than the market and also for replacing the old street lights with the new LED ones.
Due to the impact of Covid-19 pandemic like many other industries, even the lighting industry got affected widely. The market has experienced huge loses during the lockdown period, the supply of electric appliances was shutdown due to covid. So, because of lack of export of electric appliances and the closed markets resulted for the lowest market share. However, in the coming years we hope for growth in the market.
Key Market Trends
Today with the emergence of new advanced technology and the world digitalizing rapidly, is introducing many new lighting products in the market. In India the lighting market is driven by the Tire-1 cities which covers most of the capitals of Indian states. The market growth is gradually followed by the Tire-2, Tire-3 and the rural areas. Many consumers are replacing their old aged lights and bring up the new LED lights and decorating their homes with them. The LED lights are known for producing more clear and bright light than the older ones. As compared with the market trend, the LED lights are at top and in huge demand. This segment is forecasted to be in huge demand in coming years too. The different shapes, sizes and colours are the reason for the market trend. Many of the LED lights can also be operated with remotes, this is new technology benefit for the users. The remote controlling system has made life easier, with this you can just sit at one place and control and operate the lights as you wish.
2. Surya Roshni
6. Energy Efficiency Services Limited
7. Crompton Greaves Consumer Electricals Limited
9. Wipro Consumer Care & Lighting Ltd
10. Halonix Technologies Private Limited
11. Orient Electric Limited
12. Osram Lighting Private Limited
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
“India LED Lighting Market Outlook, 2026” discusses the following aspects of LED lighting Market in India:
How it will help solving your strategic decision making process??
The report gives an in-depth understanding of LED Lighting in India:
• India Lighting Market Outlook
• India Lighting Market Size By Value
• India Lighting Market Share By Segment
• India Lamps Market Outlook
• India Lamps Market Size By Value
• India Lamps Market Size By Volume
• India Lamps Market Share By Technology
• India Luminaires Market Outlook
• India Accessories, Components and Control Gears Market Outlook
• Indian LED Lighting Market Outlook
• Indian LED Market Size & Forecast
• Indian LED Market Share By Company
• Indian LED Market By Region
• Indian LED Market By Product Type
• Indian LED Market By End User/Application
• India LED Street Light Market Size & Forecast
• India LED Tube Light Market Size & Forecast
• India LED Bulb & Lamp Market Size & Forecast
• India LED Down lights Market Size & Forecast
• India LED Luminaires Market Size & Forecast
• India Smart LED Lights Market Size & Forecast
• Product Portfolio By Company
• The key companies in this market space
This report can be useful to Industry consultants, manufacturers and other stakeholders to align their market-centric strategies. In addition to marketing & presentations, it will also increase competitive knowledge about the industry.
The information contained in this report is based upon both primary and secondary research. Primary research included interviews with various manufacturers of wind turbines in India. Secondary research included an exhaustive search of relevant publications like company annual reports, financial reports and proprietary databases.
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