India LED Lighting Market Overview

India Lightning LED Lightning Market report thoroughly covers the Indian LED lighting market by types, applications, wattage, end-users, and regions. The report provides an unbiased and detailed analysis of ongoing India LED Lightning Industry trends 2021, opportunities/ high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.

India LED lighting market witnessed a surge in recent years on account of the growing population and subsequent urbanization. In 2018, India’s energy demand grew by 4%, which outpaced the global energy demand of 2.3%. With the increasing rate of electricity consumption, the demand for an environmentally friendly and cost-effective lighting solution is also gaining traction. Hence, in recent years, LED lighting has started to considerably penetrate the mainstream general lighting industry in India.

According to 6Wresearch, India LED Lighting Market size is projected to grow at a CAGR of 23.6% during 2019-2025. Several government schemes such as Unnat Jyoti by Affordable LEDs for All (UJALA) and Street Lighting National Programme (SLNP) remained the biggest demand drivers for the LED lighting market in India. The aim of such initiatives is to increase awareness among consumers regarding the adoption of LED bulbs over conventional lighting sources such as incandescent bulbs, CFL, and halogen lights. For instance, under the SLNP, the government aims to replace over 1.34 crore conventional street lights in India, out of which, around 1.04 crore street lights were already replaced as of November 2019.

Key Highlights of the Report:-

India LED Lighting Market OverviewIndia LED Lighting Market OutlookIndia LED Lighting Market SizeIndia LED Lighting Market ForecastIndia LED Lighting Market RestraintsIndia LED Lighting Market Trends and Industry Life CycleIndia LED Lighting Market Porter’s Five Force AnalysisIndia LED Lighting Market Opportunity AssessmentIndia LED Lighting Market Revenue Share, By PlayersIndia LED Lighting Market Overview on Competitive BenchmarkingCompany Profiles.Strategic Recommendations

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