Indian LED Lighting Market Report, Industry Trends, Growth, Share, Size and Forecast till 2023

1. Indian LED Lighting Market Report, Industry Trends, Growth, Share, Size and Outlook By 2023 Copyright © IMARC Service Pvt Ltd. All Rights Reserved

2. About IMARC Group Report Description IMARC is a leading advisor on 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. IMARC’s tailored approach combines unfathomable insight into the dynamics of companies and markets with close cooperation at all levels of the client organization. This ensures that our clients achieve unmatchable competitive advantage, build more proficient organizations, and secure lasting results.

3. Report Description and Highlights Report Description Indian LED Lighting Market Report By Product Type (Panel Lights, Down Lights, Street lights, Tube Lights, Bulbs and Others), Application (Commercial Applications, Residential Applications, Institutional Applications and Industrial Applications), Key Players The Indian LED lighting market has witnessed an exponential growth over the past few years. This can be accredited to the numerous advantages offered by LED lights along with the wide-scale usage of these lights in government lighting programs. Market Overview: According to the latest report by IMARC Group, titled “Indian LED Lighting Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2018-2023”, the Indian LED lighting market was worth US$ 1.5 Billion in 2017. Light-emitting diode (LED) is a semiconductor which produces light when an electric current is passed through it. Also known as solid-state lighting, LED lights have potential benefits over halogen, fluorescent and incandescent lights such as energy-efficiency, longer lifespan and extremely low power consumption. Owing to these factors, they are readily replacing traditional light bulbs in India. Moreover, as LEDs are increasingly being used in automotive headlamps, aviation, general lighting, advertising, lighted wallpapers, medical devices, camera flashes and traffic signals, the LED lighting market is expanding in the country. Apart from this, the entry of Chinese LED light manufacturers in India has encouraged Indian manufacturers to offer innovative products.

4. Report Description and Highlights Report Description • Indian LED Lighting Market Trends: • Numerous advantages offered by LED lights including improved physical robustness, smaller size, faster switching, high durability, lower heat output, etc. are majorly contributing to the growth of the LED lighting industry across the region. Further, rising consumer awareness regarding the cost-effectiveness, enhanced life, better efficiency and inherent eco-friendly nature of LED lights will continue to drive their sales in the industrial, residential and commercial sectors. Additionally, the Indian government is promoting LED street lighting projects and providing LED lights at subsidized rates. For instance, under the Street Lighting National Program (SLNP), over 2.1 million conventional streetlights have been replaced with LED streetlights across the country. Furthermore, the ‘Make in India’ initiative launched by the Government has marked electronics as a core sector and focuses on attracting capital and technological investments in India. Due to these factors, the market is projected to reach a value of US$ 9.0 Billion by 2023, expanding at a CAGR of 34.3% during 2018-2023. • India LED Lighting Market Segmentation: • Market Segmentation by Product Type • Panel Lights • Request for a sample report: https://www.imarcgroup.com/indian-led-lighting-market/requestsample

5. Market Forecast Sample Figure: India: LED Lighting Market Forecast: Volume Trends (in Million Units), 2018-2023

6. Market Segmentation Report Description • Down Lights • Street lights • Tube Lights • Bulbs • Others • On the basis of product type, bulb and tube lights represent the most popular type of LED lighting products, holding the largest market share. They are followed by panel lights, street lights, down lights, flood lights, and others. • Market Segmentation by Application • Commercial Applications • Residential Applications • Institutional Applications • Industrial Applications • Based on application, commercial applications dominate the Indian LED lighting market, accounting for one-third of the overall market share. They are followed by residential, institutional and industrial applications. • For more information, click here: https://www.imarcgroup.com/indian-led-lighting-market

7. Market Segmentation Report Description • Competitive Landscape: • The competitive landscape of the market has also been examined with some of the key players. • Philips • Surya • Crompton • Bajaj • Halonix • Havells • In case you have a very specific customized or specific niche needs, we can work around the scope of work and assist you with the tailor made solution. The topics covered could be technology, markets, competition, pricing trends, P&L analysis, cost analysis, price bench marking or it could also be supplementing you with the weekly or fortnight reports.

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9. Partial List of Clients • We are the trusted business partners to the world's leading corporates, governments, and institutions A partial List of our Clients

10. Partial List of Clients • We are the trusted business partners to the world's leading corporates, governments, and institutions A partial List of our Clients

11. Report Description and Highlights Report Description © 2018 IMARC All Rights Reserved This Publication and all it’s contents unless otherwise mentioned are copyrighted in the name of International Market Analysis Research and Consulting (IMARC). No part of this publication may be reproduced, repackaged, redistributed or resold in whole or in any part. The publication may also not be used in any form or by and means graphic electronic or mechanical, including photocopying, recording, taping or by information storage or retrieval, or by any other form, without the express consent of International Market Analysis Research and Consulting (IMARC). Disclaimer: All contents and data of this publication, including forecasts, data analysis and opinion have been based on information and sources believed to be accurate and reliable at the time of publishing. International Market Analysis Research and Consulting makes no representation of warranty of any kind as to the accuracy or completeness of any Information provided. IMARC accepts no liability whatsoever for any loss or damage resulting from opinion, errors or inaccuracies if any found this publication. IMARC, IMARC Group and Global Therapy Insight Series are registered trademarks of International Market Analysis Research and Consulting. All other trademarks used in this publication are registered trademarks of their respective companies.

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