{"id":7943,"date":"2022-06-08T10:55:07","date_gmt":"2022-06-08T10:55:07","guid":{"rendered":"https:\/\/zaratechs.com\/?p=7943"},"modified":"2022-06-08T10:55:07","modified_gmt":"2022-06-08T10:55:07","slug":"indian-led-lighting-market-size-share-demand-and-forecast-by-2022-2027","status":"publish","type":"post","link":"https:\/\/zaratechs.com\/indian-led-lighting-market-size-share-demand-and-forecast-by-2022-2027\/","title":{"rendered":"Indian LED Lighting Market Size, Share, Demand And Forecast by 2022-2027"},"content":{"rendered":"\n

According to IMARC Group\u2019s latest report, titled \u201cIndian LED Lighting Market<\/a>: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027<\/strong>\u201d, the Indian LED lighting market reached a value of US$ 2,754 Million in 2021. Looking forward, IMARC Group expects the market to reach US$ 9,658 Million by 2027, exhibiting a CAGR of 23.31% during 2022-2027. A light-emitting diode (LED) refers to a semiconductor device that emits light when the electric current is passed through a microchip. LED lighting products offer compact size, high durability, low heat output, minimum radiation emission, and consume less power. LED lights are more efficient in comparison to other light bulbs, owing to which, incandescent and fluorescent lights are prominently being replaced by LED lighting systems.<\/p>\n\n\n\n

We are regularly tracking the direct effect of COVID-19<\/strong> on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.<\/p>\n\n\n\n

Request a Free PDF Sample of the Report:<\/strong> https:\/\/www.imarcgroup.com\/indian-led-lighting-market\/requestsample<\/a><\/p>\n\n\n\n

Market Trends and Drivers:<\/strong><\/p>\n\n\n\n

The increasing demand for energy-efficient lighting system, along with a significant decline in the price of LED, is primarily augmenting the Indian LED lighting market growth. Furthermore, the growing environmental concerns have propelled the use of LED lighting products for reducing the carbon emissions from conventional fluorescent lights in the country. Moreover, the rising use of LED lights in automotive parts, signals and signage, mobile devices, etc., is also augmenting the market growth. Additionally, the increasing demand for LED in architectural lighting across both commercial and residential sectors is further bolstering the growth of the market.<\/p>\n\n\n\n

Indian LED Lighting Market 2022-2027 Competitive Analysis and Segmentation:<\/strong><\/p>\n\n\n\n

Competitive Landscape With Key Players:<\/strong><\/p>\n\n\n\n

The competitive landscape of the Indian LED lighting market has been studied in the report with the detailed profiles of the key players operating in the market.<\/p>\n\n\n\n

Some of these key players include:<\/strong><\/p>\n\n\n\n