Outdoor LED Market in India 2022-2026

Outdoor LED Market in India 2022-2026

Technavio has been monitoring the outdoor LED market in India and it is poised to grow by $ 267.08 mn during 2022-2026, progressing at a CAGR of 12.71% during the forecast period. Our report on the outdoor LED market in India provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment. The market is driven by the growing demand for LED lighting for different applications and favorable environment policy and governmental support. In addition, the growing demand for LED lighting for different applications is anticipated to boost the growth of the market as well.

The outdoor LED market in India analysis includes application and distribution channel segments.

Technavio's outdoor LED market in India is segmented as below:

By Application

  • Billboards
  • Video walls
  • Perimeter LED boards
  • LED matrix board
  • Others
By Distribution Channel
  • Offline
  • Online
This study identifies the increased demand for energy-efficient lighting systemsas one of the prime reasons driving the outdoor LED market growth in India during the next few years.

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters. Our report on outdoor LED market in India covers the following areas:
  • Outdoor LED market sizing
  • Outdoor LED market forecast
  • Outdoor LED market industry analysis
Technavio's robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading outdoor LED market in India vendors that include Bajaj Electricals Ltd., ERCO GmbH, Eveready Industries India Ltd., Havells India Ltd., Koninklijke Philips NV, Orient Electric Ltd., Panasonic Corp., Surya Roshni Ltd., Syska Led Lights Pvt. Ltd., and Wipro Ltd. Also, the outdoor LED market in India analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. Technavio's market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.

Companies Mentioned

Bajaj Electricals Ltd., ERCO GmbH, Eveready Industries India Ltd., Havells India Ltd., Koninklijke Philips NV, Orient Electric Ltd., Panasonic Corp., Surya Roshni Ltd., Syska Led Lights Pvt. Ltd., Wipro Ltd.


  • Executive Summary
  • Market Landscape
    • Market ecosystem
      • Parent market
        • Table Parent market
        • Table Market characteristics
    • Value chain analysis
      • Table Value chain analysis: Electrical Components and Equipment Market
      • Inputs
      • Inbound logistics
      • Operations
      • Outbound logistics
      • Marketing and sales
      • Aftermarket and service
      • Industry innovations
  • Market Sizing
    • Market definition
      • Table Offerings of vendors included in the market definition
    • Market segment analysis
      • Table Market segments
    • Market size 2021
    • Market outlook: Forecast for 2021 - 2026
      • Estimating growth rates for emerging and high-growth markets
      • Estimating growth rates for mature markets
        • Table India - Market size and forecast 2021 - 2026 ($ million)
        • Table India market: Year-over-year growth 2021 - 2026 (%)
  • Five Forces Analysis
    • Five forces summary
      • Table Five forces analysis 2021 & 2026
    • Bargaining power of buyers
      • Table Bargaining power of buyers
    • Bargaining power of suppliers
      • Table Bargaining power of suppliers
    • Threat of new entrants
      • Table Threat of new entrants
    • Threat of substitutes
      • Table Threat of substitutes
    • Threat of rivalry
      • Table Threat of rivalry
    • Market condition
      • Table Market condition - Five forces 2021
  • Market Segmentation by Application
    • Market segments
      • Table Application - Market share 2021-2026 (%)
    • Comparison by Application
      • Table Comparison by Application
    • Billboards - Market size and forecast 2021-2026
      • Table Billboards - Market size and forecast 2021-2026 ($ million)
      • Table Billboards - Year-over-year growth 2021-2026 (%)
    • Video walls - Market size and forecast 2021-2026
      • Table Video walls - Market size and forecast 2021-2026 ($ million)
      • Table Video walls - Year-over-year growth 2021-2026 (%)
    • Perimeter LED boards - Market size and forecast 2021- 2026
      • Table Perimeter LED boards - Market size and forecast 2021-2026 ($ million)
      • Table Perimeter LED boards - Year-over-year growth 2021-2026 (%)
    • LED matrix board - Market size and forecast 2021-2026
      • Table LED matrix board - Market size and forecast 2021-2026 ($ million)
      • Table LED matrix board - Year-over-year growth 2021-2026 (%)
    • Others - Market size and forecast 2021-2026
      • Table Others - Market size and forecast 2021-2026 ($ million)
      • Table Others - Year-over-year growth 2021-2026 (%)
    • Market opportunity by Application
      • Table Market opportunity by Application
  • Market Segmentation by Distribution channel
    • Market segments
      • Table Distribution channel - Market share 2021-2026 (%)
    • Comparison by Distribution channel
      • Table Comparison by Distribution channel
    • Offline - Market size and forecast 2021-2026
      • Table Offline - Market size and forecast 2021-2026 ($ million)
      • Table Offline - Year-over-year growth 2021-2026 (%)
    • Online - Market size and forecast 2021-2026
      • Table Online - Market size and forecast 2021-2026 ($ million)
      • Table Online - Year-over-year growth 2021-2026 (%)
    • Market opportunity by Distribution channel
      • Table Market opportunity by Distribution channel
  • Customer landscape
    • Table Customer landscape
  • Drivers, Challenges, and Trends
    • Market drivers
      • Growing demand for LED lighting for different applications
      • Favorable environment policy and governmental support
    • Market challenges
      • Threats associated with counterfeit products
      • High initial investment
        • Table Impact of drivers and challenges
    • Market trends
      • Introduction of intelligent lighting
      • Growing e-commerce market
  • Vendor Landscape
    • Table Vendor landscape
    • Landscape disruption
      • Table Landscape disruption
      • Table Industry risks
    • Competitive landscape
  • Vendor Analysis
    • Vendors covered
      • Table Vendors covered
    • Market positioning of vendors
      • Table Market positioning of vendors
    • Bajaj Electricals Ltd.
      • Table Bajaj Electricals Ltd. - Overview
      • Table Bajaj Electricals Ltd. - Business segments
      • Table Bajaj Electricals Ltd. - Key offerings
      • Table Bajaj Electricals Ltd. - Segment focus
    • ERCO GmbH
      • Table ERCO GmbH - Overview
      • Table ERCO GmbH - Product and service
      • Table ERCO GmbH - Key offerings
    • Eveready Industries India Ltd.
      • Table Eveready Industries India Ltd. - Overview
      • Table Eveready Industries India Ltd. - Business segments
      • Table Eveready Industries India Ltd. - Key offerings
    • Havells India Ltd.
      • Table Havells India Ltd. - Overview
      • Table Havells India Ltd. - Business segments
      • Table Havells India Ltd. - Key news
      • Table Havells India Ltd. - Key offerings
      • Table Havells India Ltd. - Segment focus
    • Koninklijke Philips NV
      • Table Koninklijke Philips NV - Overview
      • Table Koninklijke Philips NV - Business segments
      • Table Koninklijke Philips NV - Key news
      • Table Koninklijke Philips NV - Key offerings
      • Table Koninklijke Philips NV - Segment focus
    • Orient Electric Ltd.
      • Table Orient Electric Ltd. - Overview
      • Table Orient Electric Ltd. - Business segments
      • Table Orient Electric Ltd. - Key news
      • Table Orient Electric Ltd. - Key offerings
      • Table Orient Electric Ltd. - Segment focus
    • Panasonic Corp.
      • Table Panasonic Corp. - Overview
      • Table Panasonic Corp. - Business segments
      • Table Panasonic Corp. - Key offerings
      • Table Panasonic Corp. - Segment focus
    • Surya Roshni Ltd.
      • Table Surya Roshni Ltd. - Overview
      • Table Surya Roshni Ltd. - Business segments
      • Table Surya Roshni Ltd. - Key offerings
      • Table Surya Roshni Ltd. - Segment focus
    • Syska Led Lights Pvt. Ltd.
      • Table Syska Led Lights Pvt. Ltd. - Overview
      • Table Syska Led Lights Pvt. Ltd. - Product and service
      • Table Syska Led Lights Pvt. Ltd. - Key offerings
    • Wipro Ltd.
      • Table Wipro Ltd. - Overview
      • Table Wipro Ltd. - Business segments
      • Table Wipro Ltd. - Key news
      • Table Wipro Ltd. - Key offerings
      • Table Wipro Ltd. - Segment focus
  • Appendix
    • Scope of the report
      • Definition
      • Objectives
      • Notes and caveats
    • Currency conversion rates for US$
      • Table Currency conversion rates for US$
    • Research methodology
      • Table Research Methodology
      • Table Validation techniques employed for market sizing
      • Table Information sources
    • List of abbreviations
      • Table List of abbreviations

Download our eBook: How to Succeed Using Market Research

Learn how to effectively navigate the market research process to help guide your organization on the journey to success.

Download eBook
Cookie Settings