India Lighting Market Analysis and Forecast (2021-2027) by Type, and Region.

India Lighting Market was worth US$ 3146 Mn. in 2020 and total revenue is expected to grow at a rate of 7.1 % CAGR from 2021 to 2027, reaching almost US$ 5445 Mn. in 2027.

India Lighting Market Overview:

Being the 2nd most crowded nation & 5th main electricity consumer, India has been seeing wide electricity supply-demand gap. A considerable share of world’s total electricity generation is consumed for illumination by lighting sources & systems alone. The ingesting is endure to rise owing to rise of new zones of applications like Entertainment Lighting, Aqua Tissue Culture, etc. However, the generation of electricity cannot be improved beyond certain restrictions owing to fast depletion of natural resources. It is, therefore, vital that the applications consuming less electricity, & also using natural sources of electricity such as sun, wind essential to be developed. Novel technologies are being continuously used to recover lighting efficiency & energy saving. Lighting is the only most significant component in the optical environment. Active lighting recovers productivity & supports security. Lighting consumes up to 40 % of the energy used in houses. A well planned lighting system decreases energy, maintenance, & potential liability charges. Both public & private benefits are helped by more effective lighting & reduced operating prices. Rapid developments in lighting systems & equipment proposal potential results, yet they have also made lighting practice more compound. The usage of inefficient light sources & controls, & the extravagant use of lighting results in infesting the environment causing to global warming.

Development Potential for LED Manufacturing:

LED lights have been rising at such a giant rate all over the world. Certainly, India is no exception. In realism, LED lighting has massive potential in the country due to power deficiencies & high electricity charges. Nowadays, India fights to meet the growing electricity demand with its excellent development in the economy leading to build more power plants for supporting the advanced electricity demand of its extensively rising population. With the major advantage of energy saving, long lamp life & eco-friendly technology, LEDs would particularly lessen the lighting load, highest demand & complete energy consumption of the country, even without negotiating on the environment & safety. As country has been stated as one of the polluted nations in the world, such environment friendly feature of LED lighting would certainly add more strength to the upcoming development of Indian LED light sector. As such, use of energy efficient items like LED lighting products is anticipated to raise during the forecast period. Moreover, increasing government help & introduction of new LED lighting items by companies has caused in reduction in costs of these items, thereby, proposing customers with more choices to select from, according to their requirements & preferences. Increasing government initiatives, growing awareness among consumers regarding lower power consumption of LED lighting items, & inventive items offerings to push lighting sales. India Lighting Market To know about the Research Methodology :- Request Free Sample Report Indian Government declared plans to grow extra 30 cities under Smart City Mission, totalling to 90 cities. In the year 2017 PM Narendra Modi launched Saubhagya Yojana, with a goal to deliver electricity free of cost to over 4 cr. poor families in rustic & urban zones. These initiatives are projected to further rise government prominence on energy efficient lighting items like LEDs during the forecast period. Encouraging government initiatives & rules over state & national level programs which deliver LED lighting items at subsidized rates is donating in an enormous way towards improving LED adoption in the nation. In India, not a complete prohibition, but through the Ujala Scheme which was started in the year 2016 decided to substitute 770 Mn glowing light bulbs with LED bulbs. This is estimated to decrease energy consumption by over 100 Bn kWh yearly & decrease annual electricity bills by USD 6.2 Bn. The states of TN, Kerala & Karnataka in India have barred the usage of incandescent bulbs in administration departments, public segment activities, many boards, cooperative organisations, native bodies, & organisations running on government aid. Expert Manpower or Lighting Specialists: During the forecast period the LED lights, have exponential growth. For this growth there is need for significant number of skilled lighting specialists under many disciplines- designing, manufacturing & etc. The Indian lighting industry is in its growing phases. With a projected market of around ` 20,000 cr, the lighting business is seeing marvelous growth. Further, in LED sector alone, there is a development of more than 80 percent. Shortage of expert manpower is the major problem faced by LED business. But unfortunately nothing much has been done to grow the specialist’s manpower in this vigorous arena of lighting. Industry Condition Employment Chances: The lighting business is now composed to take a comprehensive look into the future by seeing the varied trends & doubts acting among its numerous constituents. The lighting business desires to play a serious role so in the setting of the superior issues of energy, health & sustainable development. However, till now unfortunately, there is an absence of official coaching in this vigorous field. The lighting has been taken for granted as many other supplies, the need of proper training is not felt so far. With the development in technology & the occurrence of lighting in the form of EM waves in all ranges of life, the need of proper training is being felt by customers as well as businesses to achieve following purposes: • Creative man power from day one of joining employ. • Developed standards in supplying quality of facility • Reduced in- house teaching cost owing to business ready personnel. India Lighting MarketThe lighting market in India has seen a growth owing to populace growth & succeeding urbanization in the last few years. With a rising rate of electricity usage, demand for an eco-maintainable & cost-effective lighting answer is also gaining momentum. Therefore, LED lighting has activated to control the overall lighting market of the country extremely in recent years. Numerous government plans, such as Unnat Jyoti by Reasonable LEDs for Street Lighting National Program has continued India's major demand producer for LED lighting. The aim of these initiatives is to increase customer awareness of the acceptance of LED bulbs during traditional lighting sources such as incandescent bulbs. The objective of the report is to present a comprehensive analysis of the India Lighting Market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants. PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers. The report also helps in understanding the India Lighting Market dynamics, structure by analyzing the market segments and project the India Lighting Market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the India Lighting Market make the report investor’s guide.

India Lighting Market Scope: Inquire before buying

India Lighting Market

India Lighting Market, by Region

• North India • South India • East India • West India

India Lighting Market key player

• Wipro Ltd • MIC Electronics Ltd • NTL Lemnis India Pvt Ltd • Avni Energy Solutions Pvt Ltd • VIN Semiconductors Pvt Ltd • Bajaj Electricals Ltd • Syska • Sujana Energy Ltd • Optics & Allied Engineering Pvt Ltd • Havells India Ltd • MIRC Electronics Ltd • Philips Electronics India Ltd • Osram India Pvt Ltd • Surya Roshni Ltd. Frequently Asked Questions: 1) What was the market size of India Lighting Market markets in 2020? Ans - India Lighting Market was worth US$ 3146 Mn in 2020. 2) What is the market segment of India Lighting Market markets? Ans -The market segments are based on Type & Region. 3) What is forecast period consider for India Lighting Market? Ans -The forecast period for India Lighting Market is 2021 to 2027. 4) Which are the worldwide major key players covered for India Lighting Market report? Ans – Wipro Ltd, MIC Electronics Ltd, NTL Lemnis India Pvt Ltd, Avni Energy Solutions Pvt Ltd, VIN Semiconductors Pvt Ltd, Bajaj Electricals Ltd, Syska, Sujana Energy Ltd, Optics & Allied Engineering Pvt Ltd, Havells India Ltd, MIRC Electronics Ltd, Philips Electronics India Ltd, Osram India Pvt Ltd, Surya Roshni Ltd. 5) Which region is dominated in India Lighting Market? Ans -In 2020, South region dominated the India Lighting Market.
1. India Lighting Market: Research Methodology 2. India Lighting Market: Executive Summary 2.1. Market Overview and Definitions 2.1.1. Introduction to India Lighting Market 2.2. Summary 2.2.1. Key Findings 2.2.2. Recommendations for Investors 2.2.3. Recommendations for Market Leaders 2.2.4. Recommendations for New Market Entry 3. India Lighting Market: Competitive Analysis 3.1. MMR Competition Matrix 3.1.1. Market Structure by region 3.1.2. Competitive Benchmarking of Key Players 3.2. Consolidation in the Market 3.2.1. M&A by region 3.3. Key Developments by Companies 3.4. Market Drivers 3.5. Market Restraints 3.6. Market Opportunities 3.7. Market Challenges 3.8. Market Dynamics 3.8.1. PORTERS Five Forces Analysis 3.8.2. PESTLE 3.8.3. Regulatory Landscape by region North India South India East India West India 3.8.4. COVID-19 Impact 4. India Lighting Market (Value) by region: 4.1. India Lighting Market, by Type 4.1.1. Connected lighting system 4.1.2. Home lighting 4.1.3. Electronic locks. North India South India East India West India 5 Company Profile: Key Players 5.1.1 Wipro Ltd Company Overview Financial Overview India Presence Type Portfolio Business Strategy Recent Developments 5.1.2 MIC Electronics Ltd 5.1.3 NTL Lemnis India Pvt Ltd 5.1.4 Avni Energy Solutions Pvt Ltd 5.1.5 VIN Semiconductors Pvt Ltd 5.1.6 Bajaj Electricals Ltd 5.1.7 Syska 5.1.8 Sujana Energy Ltd 5.1.9 Optics & Allied Engineering Pvt Ltd 5.1.10 Havells India Ltd 5.1.11 MIRC Electronics Ltd 5.1.12 Philips Electronics India Ltd 5.1.13 Osram India Pvt Ltd 5.1.14 Surya Roshni Ltd

About This Report

Report ID 127659
Category Electronics
Published Date Nov 2021
Updated Date
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