India LED Panel Light Market (2025-2031) Outlook | Analysis, Companies, Growth, Forecast, Trends, Size, Value, Share, Revenue & Industry

Name: India LED Panel Light Market (2025-2031) | Trends, Outlook & Forecast
Creator: 6Wresearch
License: https://www.6wresearch.com/privacy-policy
Keywords: LED Panel Light Market, India LED Panel Light Market, India LED Panel Light Market Revenues, India LED Panel Light Market Share, India LED Panel Light Market Size, India LED Panel Light Market Outlook, India LED Panel Light Market Report, India LED Panel Light Market Competition, India LED Panel Light Market Overview, India LED Panel Light Market Trends, India LED Panel Light Market Forecast

Market Forecast By Type (Embedded, Suspended, Ceiling), By Application (Commercial/Industrial, Residential) And Competitive Landscape

Product Code: ETC372024	Publication Date: Aug 2023	Updated Date: Feb 2025	Product Type: Market Research Report
Publisher: 6Wresearch	No. of Pages: 75	No. of Figures: 35	No. of Tables: 20

India Led Panel Light Market Competition 2023

India Led Panel Light market currently, in 2023, has witnessed an HHI of 6904, Which has decreased substantially as compared to the HHI of 10000 in 2017. The market is moving towards Highly concentrated. Herfindahl index measures the competitiveness of exporting countries. The range lies from 0 to 10000, where a lower index number represents a larger number of players or exporting countries in the market while a large index number means fewer numbers of players or countries exporting in the market.

India Export Potential Assessment For LED Panel Light Market (Values in USD Thousand)

India LED Panel Light Market Synopsis

India LED panel light market is projected to reach USD 7.2 billion. This growth can be attributed largely to rising government initiatives for energy efficiency and increasing demand from residential as well as commercial sectors in India. The hospitality sector accounted for the highest share of revenue in terms of application segment and is expected to remain dominant due mainly to growing number of hotels being built across various states in India. Moreover, with an aim towards reducing dependency on traditional lighting sources such as CFLs and halogen lights, several state governments are focusing on promoting widespread adoption of LED products, which will further drive the growth of India LED panel light market over the forecast period.

Market Drivers of the market

The India LED panel light market has experienced substantial growth due to the country`s push towards energy-efficient lighting solutions. LED panel lights offer longer lifespans, lower energy consumption, and reduced maintenance costs, making them a preferred choice for both residential and commercial lighting applications.

Challenges of the Market

The LED panel light market is characterized by rapid technological advancements and price fluctuations. Companies need to invest in research and development to stay up-to-date with the latest innovations.

Covid-19 Impact on the Market

The India LED panel light market faced supply chain disruptions, impacting production and availability. However, the growing awareness of energy-efficient lighting solutions and the shift towards digitization offered some resilience to the market.

Key Players of the Market

The India LED panel light market is witnessing rapid growth, with key players like Philips Lighting India Ltd., Havells India Ltd., and Syska LED Lights Pvt. Ltd. leading the way. These companies offer energy-efficient and innovative LED panel lights for various indoor and outdoor lighting applications.

Key Highlights of the Report:

India LED Panel Light Market Outlook
Market Size of India LED Panel Light Market, 2024
Forecast of India LED Panel Light Market, 2031
Historical Data and Forecast of India LED Panel Light Revenues & Volume for the Period 2021-2031
India LED Panel Light Market Trend Evolution
India LED Panel Light Market Drivers and Challenges
India LED Panel Light Price Trends
India LED Panel Light Porter's Five Forces
India LED Panel Light Industry Life Cycle
Historical Data and Forecast of India LED Panel Light Market Revenues & Volume By Type for the Period 2021-2031
Historical Data and Forecast of India LED Panel Light Market Revenues & Volume By Embedded for the Period 2021-2031
Historical Data and Forecast of India LED Panel Light Market Revenues & Volume By Suspended for the Period 2021-2031
Historical Data and Forecast of India LED Panel Light Market Revenues & Volume By Ceiling for the Period 2021-2031
Historical Data and Forecast of India LED Panel Light Market Revenues & Volume By Application for the Period 2021-2031
Historical Data and Forecast of India LED Panel Light Market Revenues & Volume By Commercial/Industrial for the Period 2021-2031
Historical Data and Forecast of India LED Panel Light Market Revenues & Volume By Residential for the Period 2021-2031
India LED Panel Light Import Export Trade Statistics
Market Opportunity Assessment By Type
Market Opportunity Assessment By Application
India LED Panel Light Top Companies Market Share
India LED Panel Light Competitive Benchmarking By Technical and Operational Parameters
India LED Panel Light Company Profiles
India LED Panel Light Key Strategic Recommendations