According to TechSci Research report, “India Outdoor LED Lighting Market – By Region, Competition Forecast & Opportunities, 2019-2029F, the India Outdoor LED Lighting Market is anticipated to register a robust growth during the forecast period 2024-2028” The Indian LED lighting market is experiencing rapid growth driven by the increasing emphasis on environmental sustainability. Energy conservation has long been a primary goal, and the adoption of LED lighting significantly enhances energy savings. In January 2020, India’s Ministry of Power announced the installation of approximately 361.3 million LED bulbs and 10.3 million smart LED streetlights nationwide through initiatives like UJALA and the National Program for LED Street Lights, expected to save 6.97 billion kWh annually.
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Government initiatives, heightened awareness, and increasing socio-economic development have significantly boosted the demand for LED lighting, even in rural areas and Tier II cities. The LED lighting industry in India is expanding robustly and is poised for sustained growth as consumer demand for energy-efficient products and smart solutions continues to rise. Government projects are pivotal in shaping the country’s infrastructure and urbanization efforts, driving the adoption of eco-friendly LED lighting solutions.
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Under the Application segment, Public Places are anticipated to dominate the India Outdoor LED Lighting Market, driven by the rapid growth of the Indian real estate industry. Commercial buildings such as malls, shops, restaurants, hospitals, and schools are significant consumers of energy, with lighting playing a crucial role. Shopping malls and showrooms rely on LED lighting to enhance product visibility and attract customers, thereby driving sales. For instance, in January 2019, the Airports Authority of India initiated a project to upgrade the perimeter lighting system at Chennai Airport with LED lights, reflecting the broader adoption trend.
In terms of Highways and Roadways, LED lighting is expected to dominate due to government policies promoting energy efficiency. Programs like the Street Lighting National Program (SLNP) have already installed over 1.03 million smart LED streetlights by early 2020, contributing to significant energy savings and greenhouse gas emission reductions. For example, the Bruhat Bengaluru Mahanagara Palike (BBMP) in Bangalore won accolades for converting street lighting to LED under a public-private partnership, highlighting the widespread adoption and benefits of LED technology in urban settings.
Investments in infrastructure projects like Bharatmala Pariyojana, with an estimated USD 113 billion investment, are further bolstering the development of efficient highway networks across India. These initiatives underscore the growing importance of LED lighting in enhancing energy efficiency and sustainability across various applications in India’s infrastructure landscape.
Major market players operating in the India LED Lighting Market are:
- Surya Roshni Ltd.
- Havells India Limited
- Halonix Technologies Limited
- Panasonic India
- Bajaj Electricals Limited
- Signify Holding
- CG Power and Industrial Solutions Ltd
- Bajaj Electricals Limited
- Osram India Private Limited
- Syska Led Lights Private Limited
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“India is making progress on adopting LED lighting solutions over the next five to ten years. India, because of its population and the opportunities lying within the Indian market, has capability to become the leader of LED lights while providing profitable opportunity for LED manufacturers for running operations in the country. Moreover, increased infrastructure expenditures, fast expansion of street lighting systems, and government initiatives are likely to fuel Outdoor LED light demand in India.”, said Mr. Karan Chechi, Research Director with TechSci Research, a research-based India management consulting firm.
“India Outdoor LED Lighting Market is segmented into Wattage, Application, Distribution Channel, Installation Type. Based on Wattage, the market is segmented into Below 80W, 80W and above. Based on Application, the market is segmented into Highways and Roadways, Public Places, Architecture, Others (streetlights, parking garage etc.)). Based on Distribution Channel, the market is segmented into Direct Sales, Wholesale/Retail, etc. Based on Installation Type, the market is segmented into New Installation, Retrofit Installation. By Region, Competition Forecast & Opportunities, 2018-2028F has evaluated the future growth potential of India LED Lighting Market and provides statistics & information on market size, structure, and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in India Outdoor LED Lighting Market.
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