India LED Lighting Market Insight, Size, Revenue, Growth Opportunities, Competitive Analysis, Trends and Demand by 2023

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.

According to the Indian LED lighting market report by IMARC Group, the market was worth US$ 1.5 Billion in 2017.

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.

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Table of Contents

1 Preface

2 Scope and Methodology

3 Executive Summary

4 Introduction
4.1 Overview
4.2 Key Industry Trends

5 Global LED Lighting Industry

6 Why is the LED Market so lucrative in India

7 Indian LED Lighting Industry

8 Market by Product Type

9 Market Breakup by Application

10 Competitive Landscape

11 LED Manufacturing Process

12 Project Details, Requirements and Costs Involved

13 Loans and Financial Assistance

14 Project Economics

15 Key Player Profiles
15.1 Philips
15.2 Surya
15.3 Crompton
15.4 Bajaj
15.5 Halonix
15.6 Havells

To know more about LED lighting market in India, visit: https://www.imarcgroup.com/indian-led-lighting-market

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