To get more information, please visit @ http://www.imarcgroup.com/indian-led-lighting-market
In the past several years, LED lights have emerged as a viable source of lighting in India as a result of various factors such as energy-efficiency, longer life, easy digital control, etc. Owing to this, the Indian LED market is expected to reach a value of nearly US$ 7 Billion by 2022.
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Report DescriptionAbout IMARC Group
3. Report DescriptionReport Description and Highlights
Indian LED Lighting Market driven by Increasing Investments and
Government Initiatives
In the past several years, LED lights have emerged as a viable source of lighting in India as a result
of various factors such as energy-efficiency, longer life, easy digital control, etc. Owing to this, the
Indian LED market is expected to reach a value of nearly US$ 7 Billion by 2022.
The latest report by IMARC Group titled, Indian LED Lighting Market: Industry Trends, Share,
Size, Growth, Opportunity and Forecast 2017-2022 , finds that the Indian LED lighting market
reached a value of US$ 1.1 Billion in 2016, growing at a CAGR of more than 55% during 2009-2016.
LED lights have emerged as a powerful source of lighting in India. As compared to the conventional
lighting sources, Light Emitting Diode or LED lights are more energy-efficient and environment-
friendly. Moreover, they have a longer life, more colour variants and easy digital control which
have contributed in influencing their demand among the consumers. As one of the biggest
representatives of lighting markets, India also offers a lucrative option for LED manufacturers to
set up their facilities in the region such skilled labour, ease of doing business and demographic
advantages.
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5. Report DescriptionReport Description and Highlights
Highlights of the Indian LED Market:
• In India, the market growth is influenced by cost-effectiveness, government support and
infrastructural development.
• Philips is the largest player in the market.
• The market is expected to reach a value of nearly US$ 7 Billion by 2022.
To get more information, please visit @ http://www.imarcgroup.com/indian-led-lighting-market
The LED market has emerged as one of the fastest growing markets in India. The primary factor
which has helped in driving the market growth is the active participation of the government. Over
the past several years, the Indian government has launched various programmes to encourage
investments in energy efficient lighting systems. Some of the other factors which have helped in
advancing the market include rising demand for these lights in the automobile industry,
environmental concerns such as global mandate to address GHG emissions, infrastructural
development, etc. Owing to this, the market is further expected to reach a value of nearly US$ 7
Billion by 2022.
6. Report DescriptionReport Description and Highlights
The market is segmented on the basis of different LED products. The bulb & tube light segment
dominates the market, accounting for a third of the total share. It is followed by panel lights, street
lights, down lights and flood lights. On the basis of regional segmentation, the Southern Indian
region dominates the Indian LED lighting market, accounting for more than a third of the total
market share. It is followed by the Northern India, Western India and Eastern India. An evaluation
of the competitive landscape provides details of the major players operative in the market. Some
of the key players include Philips, Surya, Crompton, Bajaj, Halonix and Havells.
The report provides a techno-commercial roadmap for setting up an LED manufacturing plant. The
study, hi h has ee do e y o e of the orld’s leadi g resear h a d ad isory fir s, o ers all
the requisite aspects of the India LED lighting market. This ranges from macro overview of the
market to micro details of the industry performance, processing and manufacturing requirements,
project cost, project funding, project economics including expected returns on investment, profit
margins, etc. This report is a must-read for entrepreneurs, investors, researchers, consultants,
business strategists, and all those who have any kind of stake or are planning to foray into the LED
industry in any manner.
The report has evaluated the Indian LED market on the basis of:
7. Report DescriptionReport Description and Highlights
Market by Product Type
• Panel Lights
• Down Lights
• Street lights
• Bulb & Tube Lights
• Flood Lights
Market by Application
• Commercial Applications
• Residential Applications
• Institutional Applications
• Industrial Applications
Key Player Profiles
• Philips
• Surya
• Crompton
• Bajaj
• Halonix
• Havells
8. Report DescriptionReport Description and Highlights
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