The India Outdoor LED Lighting Market is expected to grow at a robust CAGR during the forecast period because
Light Emitting Diode (LED) is a semiconductor device that emits light when the electric current flows through it. Used in several applications such as alarm and security systems, optical communication, robotics, remote controlled operations, etc., LEDs offers benefits over traditional lighting such as long-lasting capability, quick response time, fast switching capability and low power consumption.
Government Projects Increasing the Demand for LED Lighting
market size of USD 1 trillion
build 80 airports in the next 5 years
Indian Government has been releasing new tenders for highway expansion. New projects such as Delhi–Mumbai Expressway, Delhi–Amritsar–Katra Expressway, Ganga Expressway (Meerut–Prayagraj) are some of the highways which will be using LED lights. With LED lights being used on highways, it is expected to propel the India Outdoor LED lighting market.
High-Cost LED lights
High
Recent Developments
Panasonic
The
Market Segments
Market Players
India Outdoor LED Lighting Market players include Surya Roshni Ltd., Havells India Limited, Halonix Technologies Limited, Panasonic India, Bajaj Electricals Limited, Signify Holding, CG Power and Industrial Solutions Ltd, Bajaj Electricals Limited (BEL), Osram India Private Limited, Syska Led Lights Private Limited.
Recent Developments
In 2019, Signify announces collaboration with Livspace in India to provide a wide range of smart lighting options for customers designing their homes through the Livpace platform.
In November 2022, Messe Frankfurt India and ELCOMA (Electric Lamp and Component Manufacturers Association of India) jointly organized a mega trade fair with over 1000 innovations including finished products and accessories, lighting components and raw materials, smart lighting, solar lights, LED manufacturing equipment and machinery.
Attribute | Details |
Base Year | 2022 |
Historic Data | 2018– 2022 |
Estimated Year | 2023 |
Forecast Period | 2024 – 2028 |
Quantitative Units | Revenue in USD Million, Volume in Units, and CAGR for 2018-2022 and 2023-2028 |
Report coverage | Revenue forecast, company share, growth factors, and trends |
Segments covered | · By Wattage · By Application · By Distribution Channel · By Region |
Regional scope | North, South, West, East |
Key companies profiled | Surya Roshni Ltd., Havells India Limited, Halonix Technologies Limited, Panasonic India, Bajaj Electricals Limited, Signify Holding, Osram India Private Limited, Syska Led Lights Private Limited, CG Power and Industrial Solutions Ltd, Eveready Industries India Limited |
Customization scope | 10% free report customisation with purchase. Addition or alteration to country, regional & segment scope. |
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