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
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 MentionedBajaj 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.