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 Overview
- India LED Lighting Market Outlook
- India LED Lighting Market Size
- India LED Lighting Market Forecast
- India LED Lighting Market Restraints
- India LED Lighting Market Trends and Industry Life Cycle
- India LED Lighting Market Porter’s Five Force Analysis
- India LED Lighting Market Opportunity Assessment
- India LED Lighting Market Revenue Share, By Players
- India LED Lighting Market Overview on Competitive Benchmarking
- Company Profiles.
- Strategic Recommendations
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