Jack Warner's blog : India LED Lighting Market Future Outlook: Projections until 2028

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TechSci Research's report on the "India LED Lighting Market – By Region, Competition Forecast & Opportunities, 2018-2028" forecasts robust growth for the Indian LED lighting market during the period of 2024-2028, driven by the increasing focus on environmental sustainability. LED lighting is recognized for its significant energy-saving benefits, aligning with long-standing goals for energy conservation.

In recent years, the Indian government has implemented effective energy efficiency initiatives, aiming to create a market for energy services. Programs like UJALA and the LED Street Lighting National Program have contributed to the widespread adoption of LED bulbs and smart LED streetlights across the country, resulting in substantial energy savings.

The Indian LED lighting industry is experiencing rapid expansion, fueled by growing consumer demand for energy-efficient products and smart living solutions. Despite the significant growth of smart home assistants and internet penetration, smart LED lighting is still in its early stages in India. However, increasing consumer interest in smart lighting options for convenience and aesthetics is expected to drive the adoption of smart LED lighting in both existing and new homes.

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In this report, India LED Lighting Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

India LED Lighting Market, By Type:

LED Bulbs & Lamps
Batten Lights
Downlights
Spotlights
Others

India LED Lighting Market, By Application:

Outdoor Lighting
Indoor Lighting
Automotive Lighting
Others

India LED Lighting Market, By End User Sector:

Commercial
Residential
Institutional
Industrial

India LED Lighting Market, By Region:

North Region
West Region
South Region
East Region

The report segments the India LED lighting market by type, application, end-user sector, and region. LED light bulbs and lamps are expected to dominate the market, particularly in the residential sector, due to their energy efficiency and versatility. The commercial segment is expected to lead in terms of end-user sector, driven by the growth of the real estate industry and the increasing demand for LED lighting in commercial spaces such as offices, warehouses, and retail stores.

Major market players operating in the India LED Lighting Market are:

Surya Roshni Ltd.
Havells India Limited
Shree Sant Kripa Appliances Pvt. Ltd
OSRAM India Private Limited
Crompton Greaves Consumer Electricals LTD
Halonix Technologies Limited
Panasonic India Pvt. Ltd.
GE Lighting India Pvt. Ltd.
Bajaj Electricals Limited

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According to Mr. Karan Chechi, Research Director with TechSci Research, India offers significant potential for LED lighting solutions over the next five to ten years. Favorable factors such as a skilled workforce, ease of doing business, and demographic advantages contribute to a conducive environment for the LED industry in India. Rising infrastructure spending, government initiatives, and upcoming smart building programs are expected to further drive the demand for LED lights in the country.

TechSci Research's report, "India LED Lighting Market By Type, By End Use Sector, By Application, By Region, Competition Forecast & Opportunities, 2018-2028," provides comprehensive insights into the market's growth potential, helping decision-makers make informed investment decisions. Additionally, the report identifies emerging trends, drivers, challenges, and opportunities in the India LED lighting market.

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