India Electroluminescent (EL) Panels Market (2022-2028) | Size, Industry, Outlook, Share, Growth, Revenue, Forecast, Analysis, Trends, Value, Segmentation & COVID-19 IMPACT

India Electroluminescent (EL) Panels Market Synopsis

In the last few decades, commercialization of inorganic products and development of functional materials has been rising at a fast pace. Electroluminescent panels are no exception to this trend. India Electroluminescent (EL) Panels Market examines the current market size, growth rate and forecasts for future years. It touches on what these panels are and their uses, as well as the companies that have been driving innovation in this space so far.

An EL panel is the device that emits light in response to a current. It is made of a thin layer of phosphor material sandwiched between two electrodes, one of which is transparent. When voltage is applied to an electrode, the phosphor material tends to emits light.

According to 6Wresearch, the India Electroluminescent (EL) Panels Market size is expected to grow during 2022-2028. EL panels are available in a variety of shapes and sizes, and can be custom made to meet specific needs. There are various benefits of using EL panels over conventional light sources. EL panels emit very little heat, so they are much more efficient than traditional light sources. They last much longer, so these panels are a more cost-effective alternative in the long run. In addition, these panels can be created very thin and flexible, so these products can be used in a variety of applications where the space is limited. 

COVID-19 impact on India Electroluminescent (EL) Panels Industry

Due to the imposed lockdown in the COVID-19 pandemic time, the India Electroluminescent (EL) Panels Market confronted challenges. The use of Electroluminescent (EL) Panels is not considered necessary when it comes to basic survival. Every non-essential business faced challenges due to the pandemic. Non-essential products and services were not given much preference. Therefore, the market faced major decline in its growth due to the global pandemic. The situation is changing now since companies have started operating. 

Marker Analysis by Shape

On the basis of shape, the market can be segmented into Rectangle, Square, Strip, Round, and Others. Currently, these segments are operating effectively in the India Electroluminescent (EL) Panels Industry. 

Market Analysis by Colour

On the basis of colour, the market can be segmented into White, Blue, Green, Red, and Others. Each of these segments have been growing in need in the market. Thus, they will continue to progress in the market.

Competitive Landscape

The competition is highly intense in the Electroluminescent (EL) Panels Market in India. Some of the key companies running in the market include Cochief Industrial Co., Ltd., Nejilock Technology Pte Ltd, Technolight, Ellumiglow, Aircraft Engineering & Installation Services Inc., Shanghai Keyan Phosphor Technology Co.,Ltd. (KPT), and Others.

Advantages of Using EL Panels

Various benefits are there of using EL panels over conventional light sources. EL panels emit extremely little heat, so they are more effectively than conventional light sources. They also last longer, so these products are a more affordable alternative in the long run. In addition, these panels can be created very thin and flexible, so these products can be used in a variety of applications where the space is limited. 

Disadvantages of Using EL Panels

One of the disadvantages of using EL panels is that they are not very efficient in terms of energy usage. They also have a relatively short lifespan when compared to other types of lighting technology. Additionally, EL panels can be quite expensive to purchase and install. 

Another disadvantage of EL panels is that they can produce a flickering light. This can be happened by the way that the electricity is passes through the panel. If the electricity is not smooth, it can cause the light to flicker.

Drivers and restraints of the India Electroluminescent Panels Market

The drivers for the India EL Panels market are:

• Increasing demand for energy efficient lighting.
• Stringent government regulations for energy conservation
• Rising awareness regarding the advantages of EL lighting
• Falling costs of LED and OLED technology

The restraints for the India EL Panels market are:

• High initial investment cost
• Lack of standardization in product quality

Opportunities and threats in the market

The declining cost of EL panel manufacturing and the growing demand for energy-efficient lighting systems are anticipated to drive the market growth. 

In addition, the rising adoption of EL technology in automotive and mobile applications is anticipated to fuel market growth. The automotive sector is projected to account for a significant share of the global market owing to the growing demand for energy-efficient lighting systems in passenger cars and commercial vehicles.

In addition, the region is projected to witness rapid growth over the forecast period on account of the increasing demand from end-use industries such as consumer electronics, automotive, and architecture & construction.

The major opportunities in this market are: 

• The declining cost of EL panel manufacturing.
• The rising demand for energy-efficient lighting systems. 
• The rising adoption of EL technology in automotive and mobile applications.

Key attractiveness of the report

• COVID-19 Impact on the Market.
• 10 Years Market Numbers.
• Historical Data Starting from 2018 to 2021.
• Base Year: 2021.
• Forecast Data until 2028.
• Key Performance Indicators Impacting the Market.
• Major Upcoming Developments and Projects.

Key Highlights of the Report

• India Electroluminescent (EL) Panels Market Outlook
• Market Size of India Electroluminescent (EL) Panels Market, 2021
• Forecast of India Electroluminescent (EL) Panels Market, 2028
• Historical Data and Forecast of India Electroluminescent (EL) Panels Revenues & Volume for the Period 2018 - 2028
• India Electroluminescent (EL) Panels Market Trend Evolution
• India Electroluminescent (EL) Panels Market Drivers and Challenges
• India Electroluminescent (EL) Panels Price Trends
• India Electroluminescent (EL) Panels Porter's Five Forces
• India Electroluminescent (EL) Panels Industry Life Cycle
• Historical Data and Forecast of India Electroluminescent (EL) Panels Market Revenues & Volume By Shape for the Period 2018 - 2028
• Historical Data and Forecast of India Electroluminescent (EL) Panels Market Revenues & Volume By Rectangle for the Period 2018 - 2028
• Historical Data and Forecast of India Electroluminescent (EL) Panels Market Revenues & Volume By Square for the Period 2018 - 2028
• Historical Data and Forecast of India Electroluminescent (EL) Panels Market Revenues & Volume By Strip for the Period 2018 - 2028
• Historical Data and Forecast of India Electroluminescent (EL) Panels Market Revenues & Volume By Round for the Period 2018 - 2028
• Historical Data and Forecast of India Electroluminescent (EL) Panels Market Revenues & Volume By Others for the Period 2018 - 2028
• Historical Data and Forecast of India Electroluminescent (EL) Panels Market Revenues & Volume By Colour for the Period 2018 - 2028
• Historical Data and Forecast of India Electroluminescent (EL) Panels Market Revenues & Volume By White for the Period 2018 - 2028
• Historical Data and Forecast of India Electroluminescent (EL) Panels Market Revenues & Volume By Blue for the Period 2018 - 2028
• Historical Data and Forecast of India Electroluminescent (EL) Panels Market Revenues & Volume By Green for the Period 2018 - 2028
• Historical Data and Forecast of India Electroluminescent (EL) Panels Market Revenues & Volume By Red for the Period 2018 - 2028
• Historical Data and Forecast of India Electroluminescent (EL) Panels Market Revenues & Volume By Others for the Period 2018 - 2028
• India Electroluminescent (EL) Panels Import Export Trade Statistics
• Market Opportunity Assessment By Shape
• Market Opportunity Assessment By Colour
• India Electroluminescent (EL) Panels Top Companies Market Share
• India Electroluminescent (EL) Panels Competitive Benchmarking By Technical and Operational Parameters
• India Electroluminescent (EL) Panels Company Profiles
• India Electroluminescent (EL) Panels Key Strategic Recommendations

Market Covered

The report offers a comprehensive study of the subsequent market segments:

By Shape

• Rectangle
• Square
• Strip
• Round
• Others 

By Colour

• White
• Blue
• Green
• Red
• Others 

India Electroluminescent (EL) Panels Market: FAQs