Sun, 11 Apr 2021

According to IMARC Group's latest report, titled "Indian LED Lighting Market: Industry Size, Share, Trends, Growth, Opportunity and Forecast 2021-2026", the Indian LED lighting market reached a value of US$ 3.58 Billion in 2020. Looking forward, the market is expected to grow at a CAGR of 28.3% during 2021-2026.

A light-emitting diode (LED) refers to a semiconductor device that emits light when the electric current is passed through a microchip. LED lighting products offer compact size, high durability, low heat output, minimum radiation emission, and consume less power. LED lights are more efficient in comparison to other light bulbs, owing to which, incandescent and fluorescent lights are prominently being replaced by LED lighting systems.

The increasing demand for energy-efficient lighting system, along with a significant decline in the price of LED, is primarily augmenting the Indian LED lighting market growth. Furthermore, the growing environmental concerns have propelled the use of LED lighting products for reducing the carbon emissions from conventional fluorescent lights in the country. Moreover, the rising use of LED lights in automotive parts, signals and signage, mobile devices, etc., is also augmenting the market growth. Additionally, the increasing demand for LED in architectural lighting across both commercial and residential sectors is further bolstering the growth of the Indian LED lighting market.

Request for a free PDF sample of this report: https://www.imarcgroup.com/indian-led-lighting-market/requestsample

Indian LED Lighting Market 2021-2026 Competitive Analysis and Segmentation:

Competitive Landscape:

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:

  • Philips
  • Bajaj
  • Havells
  • Crompton
  • Osram
  • Halonix
  • Surya
  • HQ Lamps

The report has segmented the Indian LED lighting market on the basis of product, end-use sector, region, public & private markets and indoor & outdoor markets.

  • Indian LED Lighting Market by Product
  • Indian LED Lighting Market by End-Use Sector
  • Indian LED Lighting Market by Region
  • Indian LED Lighting Market by Public and Private Markets
  • Indian LED Lighting Market by Indoor and Outdoor Markets

Explore full report with table of contents:https://www.imarcgroup.com/indian-led-lighting-market

Key highlights of the report:

  • Market Performance (2015-2020)
  • Market Outlook (2021-2026)
  • Market Drivers and Success Factors
  • Market Trends
  • The Impact of COVID-19 on the Market
  • Value Chain Analysis
  • Structure of the Market
  • 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.

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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.

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.

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Contact Information:

IMARC Group

30 N Gould St, Ste R

Sheridan, WY 82801, USA

Email: sales@imarcgroup.com

Americas: +1-631-791-1145 | Europe & Africa: +44-753-713-2163 | Asia: +91-120-433-0800

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