India LED lighting market stood at $ 918.70 million in 2016, and is projected to grow at a CAGR of 24.66%, in value terms, during 2016-2022, to reach $ 3,758.74 million by 2022, on account of increasing government initiatives to boost LED adoption and growing awareness regarding lower power consumption of LED lighting products. Moreover, easy availability at affordable prices coupled with distribution of LED bulbs by Indian government at subsidized rates to promote the use of LED lights over halogens and incandescent lighting products is augmenting demand for LEDs in the country.
Years considered for this report
Historical Years2012 – 2015
Base Year2016
Estimated Year2017
Forecast Period2017 – 2022
Objective of the Study
- To analyze and forecast the market size of India LED lighting, in terms of value and volume.
- To define, classify and forecast India LED lighting market on the basis of type, application, end use sector, region and company.
- To identify drivers, challenges and opportunities available in the market for LED lighting in India.
- To delve into competitive developments such as expansions, new product launches and supply contracts in India LED lighting market.
- To evaluate competitor pricing, average market selling prices and margins in India LED lighting market.
- To strategically profile leading players involved in supply of LED lighting in India.
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Few of the major players operating in India LED lighting market include
Market Insights Research performed both primary as well as exhaustive secondary research for this study. Initially, Market Insights Research sourced a list of
Market Insights Research calculated the market size for India
Key Target Audience
- LED Bulbs & Lamps, Batten Lights, Downlights, Spotlights and Other LED lighting manufacturers
- LED Bulbs & Lamps, Batten Lights, Downlights, Spotlights and Other LED Lighting suppliers
- Research organizations and consulting companies
- Organizations, forums and alliances related to LED lighting
- Government bodies such as regulating authorities and policy makers
- Industry associations
- Market research and consulting firms
The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as LED lighting manufacturers, distributors and dealers, customers and policy makers. The study would also help in targeting growing market segments over the coming years (next five years) in order to strategize investments and capitalize on growth opportunities.
