LED Lighting Market In Global, LED Lighting Industry In Global: Ken Research

India LED Lighting Market

Huge potential for growth owing to the rise in technological awareness and increase in disposable income of Indian consumers has led to a tremendous growth @ ~% CAGR in 2014-2020P. Key factors behind this are the continuous declining LED prices in the country and favorable government initiatives, such as UJALA and SLNP, offering LEDs at a subsidized cost and LED installation projects for streetlights, respectively. Moreover, 148 projects have been completed until January 2020, under India’s Smart Cities Mission. Besides this, 407 projects have already been initiated, and another 237 projects are in the tendering stage.

By Type: Luminaires purchased from Taiwan, China & Singapore dominated the Indian LED lighting market, contributing a share of 70.0% to the total revenues in 2020P.

By Usage: The indoor LED lighting segment dominated the market with ~% share in 2020P. Initiatives launched by Indian Govt. (2016) to replace conventional lights by LED lights by deploying 770 mn bulbs and 35 mn street lights in 2019 are driving market growth.

By Sector: High growth potential in Residential and Commercial projects with self-ballasted replacement lamps focusing on residential sector aimed to replace more than 700 million lamps in 3 years.

By Distribution Channel: Majority of the LED Distribution channels in India include Multi branded Electronic Stores, Exclusive Brand Stores, Supermarkets/Hypermarkets, and Online Retail & Institutional Sales.

Future Outlook: The future demand for LED lighting in India will largely be driven by Metro cities because of stronger awareness. However, in future the demand is also expected to grow from Tier 2 and Tier 3 markets especially on street lighting and industrial lighting categories.

Further, expansion of government initiatives (Smart Cities or National LED Programme) will open up new markets for the LED lighting industry.

Competitive Scenario in the Global led lighting Market

The competition in the global LED Lighting market is highly concentrated with leading 10 players capturing less than ~% of the market share in 2019. New product developments, improvements in the existing product line, and mergers and acquisitions are some of the strategies adopted by the key players to maintain their market share. Frequent introduction of new LED products, rapid changes in technology, changing customer requirements, short product life cycles and prices of similar technology by various companies are common platforms on which the competition prevails in the overall lighting market. The Major players present in the market are Signify, OSRAM, GE Lightings, Acuity Brands, Cooper Industries (Eaton), Zumtobel Group, Seoul Semiconductor, Everlight Electronics, Cree, Dialight PLC and others.

Global LED Lighting Market Future Outlook and Projections

The global LED Lighting market is expected to experience medium level of growth owing to growth in construction industry, increase in urban population, financial support from regulatory authorities and rise in smart city projects and infrastructure development in major global economies (US & UK) developing economies (India & China). Increasing concern over reduction of non-renewable sources of power & declining prices of LED products to fuel market growth. In future, IoT lighting is going to witness further traction due to new retrofitting projects coming up in the various regions influenced by government interventions. Intense competition with a handful of players will manage to stay ahead of the competition by refining strategies to cater to the market needs. The market is expected to witness a CAGR of ~% during 2020P-2025F in terms of revenue.

Key Segments Covered:-

By Type of LED

Luminaires

Lamps

By Type of LED Luminaries

Troffers

Downlights

High Bay

Outdoor Area Lights

 Roadway Fixtures

Other Luminaries

By Type of LED Lamps

A-Lamps

Tubes

Reflectors

Other Lamps

By Usage

Indoor

Outdoor

By End User

Commercial

Residential

Industrial

Others

By Distribution Channel

Retail Sales

Project Sales

By Region

Asia-Pacific

North America

Europe

Latin America

Middle East and Africa

Companies Covered:-

Signify

OSRAM

GE Lighting

Acuity Brands

Cooper Industries (Eaton)

Zumtobel Group

Seoul Semiconductor

Everlight Electronics

Cree Inc.

Dialight PLC

Syska LED

Bajaj Electricals

Panasonic

PT. Honoris Industry

Solarens Ledindo

PT. Holz International Technology

Firefly Electric and Lighting

Yatai International

Akari Lighting & Technology

TCP Holdings

Hubbell Incorporated

Felio Sylvania

Nikkon

NVC Lighting

National Lighting Company

Al Nasser Group

Key Target Audience:-

LED Lighting Manufacturers

LED Lighting Suppliers

LED Lighting OEMs/Assemblers

LED Lighting Importers/Exporters

Research organizations and consulting companies

Government bodies such as regulating authorities and policy makers

Market research and consulting firms

Time Period Captured in the Report:-

Historical Period – 2014-2019

Forecast Period –2019-2025F

For More Information on the research report, refer to below link:-

Global LED Lighting Market

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UAE LED Lighting Market Outlook To 2023- By LEDs Lamps (LED Reflectors, LED Tubes, Others); Luminaires (Downlights, Troffers, Outdoor Area Lights, Roadway Fixtures, Spot Lights And Other Luminaires), By Usage (Indoor And Outdoor), By End Users

Contact Us:-
Ken Research
Ankur Gupta, Head Marketing & Communications
Ankur@kenresearch.com
+91-9015378249

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