India Outdoor LED Lighting Market (2024-2030) | Companies, Share, Forecast, Trends, Growth, Size, Outlook, Value, Revenue, Industry & Analysis

India Outdoor LED Lighting Market Synopsis

The Outdoor LED Lighting Market in India is expected to witness a CAGR of 11.3% from 2020 to 2026. LED lighting has become increasingly popular in the country due to its energy efficiency and long-term cost savings. With the increasing focus on sustainable lighting solutions, governments have been encouraging the use of emerging lighting technologies such as LEDs for outdoor applications. The rising awareness regarding energy conservation and various government initiatives are driving the growth of this market during the forecast period 2021?2026. Additionally, technological advancements in products such as smart street lights, connected luminaires with sensors and other devices will support growth opportunities for players operating in this space over the next few years.

Drivers of the Market:

? Government Initiatives -Various governments across India have undertaken measures to promote adoption of LED lights instead of conventional lighting systems for exterior purposes including parks, streets etc., thereby boosting market demand over recent years. The Ministry Of Power (MoP) had provided an incentive scheme under which it subsidized up 50 percent or Rs 50 per watt respectively (whichever is lower) for installation of LED based streetlights by local authorities across India since 2015-16 till 2017-18 .This measure was also supplemented by implementation powers given to state electricity regulatory commissions allowing them levy additional surcharges on consumers? bills amounting up 0.5 percent towards replacement/conversion from conventional lamps/ luminaries into their energy efficient counterparts like LEDs, CFLs & others .These reforms helped create conducive environment favorable for widespread adoption of these lights leading higher revenues & profits generated by manufacturers through increased sales volume coupled with reduced costs associated due output efficiencies achieved through use thereof thus further augmenting industry landscape over forecast spell.

Challenges of the Market:

? High Initial Investment -Despite their numerous advantages such as low power consumption, better illumination quality when compared with traditional ones,etc., high upfront cost involved may potentially act deterrent factor hampering overall business outlook owing inability customers especially those belonging rural areas afford same . Furthermore, risk associated failure product working properly along with accompanying troubleshooting costs also pose challenge front vendors looking develop effective strategies aimed at maximizing customer satisfaction while sustaining profit margins obtained generated revenues.

Key Highlights of the Report:

• India Outdoor LED Lighting Market Outlook
• Market Size of India Outdoor LED Lighting Market, 2023
• Forecast of India Outdoor LED Lighting Market, 2030
• Historical Data and Forecast of India Outdoor LED Lighting Revenues & Volume for the Period 2020-2030
• India Outdoor LED Lighting Market Trend Evolution
• India Outdoor LED Lighting Market Drivers and Challenges
• India Outdoor LED Lighting Price Trends
• India Outdoor LED Lighting Porter's Five Forces
• India Outdoor LED Lighting Industry Life Cycle
• Historical Data and Forecast of India Outdoor LED Lighting Market Revenues & Volume By Installation Type for the Period 2020-2030
• Historical Data and Forecast of India Outdoor LED Lighting Market Revenues & Volume By New for the Period 2020-2030
• Historical Data and Forecast of India Outdoor LED Lighting Market Revenues & Volume By Retrofit for the Period 2020-2030
• Historical Data and Forecast of India Outdoor LED Lighting Market Revenues & Volume By Wattage Type for the Period 2020-2030
• Historical Data and Forecast of India Outdoor LED Lighting Market Revenues & Volume By Less than 50W for the Period 2020-2030
• Historical Data and Forecast of India Outdoor LED Lighting Market Revenues & Volume By 50W to 100W for the Period 2020-2030
• Historical Data and Forecast of India Outdoor LED Lighting Market Revenues & Volume By More than 100W for the Period 2020-2030
• India Outdoor LED Lighting Import Export Trade Statistics
• Market Opportunity Assessment By Installation Type
• Market Opportunity Assessment By Wattage Type
• India Outdoor LED Lighting Top Companies Market Share
• India Outdoor LED Lighting Competitive Benchmarking By Technical and Operational Parameters
• India Outdoor LED Lighting Company Profiles
• India Outdoor LED Lighting Key Strategic Recommendations