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India LED Linear Lamps Market - Forecast(2024 - 2030)
India LED Linear Lamps Market Overview:
India LED Linear Lamps Market size is estimated to reach $915.46 million by 2038, growing at a CAGR of 8.0% during the forecast period 2023-2038. Consumers are prioritizing energy-efficient lighting solutions to reduce electricity consumption and lower energy costs which is driving the India LED Linear Lamps Market. This trend is expected to boost the growth of the India LED Linear Lamps Market during the forecast period.
India vast geography and diverse demographics pose distribution challenges. The efficient reach of LED linear lamps to remote and rural areas may be limited due to inadequate infrastructure, which affects market penetration. However, the continued growth of e-commerce platforms has provided LED linear lamp manufacturers with an additional distribution channel to reach a wider customer base, including in remote areas.
Market Snapshot:
India LED Linear Lamps Market - Report Coverage:
The “India LED Linear Lamps Market Report - Forecast (2023-2038)” by IndustryARC, covers an in-depth analysis of the following segments in the India LED Linear Lamps Market.
| Attribute | Segment |
|---|---|
By Wattage |
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By Product Length |
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By Cap Type |
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By CRI |
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By Luminous Efficacy |
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By Application |
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By End Use |
o Healthcare o Offices o Retail & Hospitality
o Warehouse o Cold Storage o Factory and Production Lines o Packing Areas
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COVID-19 / Ukraine Crisis - Impact Analysis:
● The pandemic caused disruptions in global supply chains, including the manufacturing and distribution of LED linear lamps. Many LED components and finished products are sourced from countries like China, which faced lockdowns and production delays. This led to supply shortages and price fluctuations in the Indian market.
● Geopolitical conflicts have created uncertainty in the global market and affected trade relations. There were disruptions in trade between India and countries involved in the conflict, which has impacted the import and export of LED components or finished products, leading to supply chain challenges. Geopolitical tensions also influenced commodity prices, including those of raw materials used in LED linear lamps. Fluctuations in raw material costs led to an increase in production costs for manufacturers, leading to price fluctuations for consumers.
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Key Takeaways:
● 100 to 120 lm/W Registers the Fastest Growth
As the world strives to reduce carbon emissions and combat climate change, the adoption of energy-efficient lighting is seen as a practical step towards sustainability. Light sources with 100 to 120 lm/W efficacy contribute to lowering greenhouse gas emissions, making them a more environmentally friendly choice. Continuous advancements in LED technology and lighting design have enabled the development of light sources with improved efficacy. As research and development efforts progress, higher luminous efficacy becomes more attainable and cost-effective.
● Commercial Segment is the Fastest Growing Segment in the Market
Commercial segment dominated India LED Linear Lamps Market with a market share of approximately 45.3% in 2022. The growing investments in the commercial sector and expansion to tier 2 and tier 3 cities are the driver behind the dominance of the commercial sector with the residential sector following closely attributed to the rise in real estate business which has increased the demand for LED Lightings.
The growth of the commercial segment in the India LED Linear Lamps Market can be linked to the increased adoption of LED lighting solutions by businesses across various sectors. The expanding startup ecosystem and the establishment of a number of companies which has driven the demand for commercial spaces, leading to a surge in the requirement for efficient lighting solutions like LED linear lamps. Additionally, supportive government policies and growing awareness about the benefits of energy-efficient lighting have further accelerated the market's growth in the commercial segment.
● 16 to 20W Registers the Fastest Growth
16 to 20 W segment of the India Luminaire (Batten) Market dominates with a market share of 44% in 2022. LED technology is known for its energy efficiency, and the 16 to 20-watt range strikes a balance between providing sufficient illumination and conserving energy. These wattage levels can deliver a bright light output while consuming significantly less electricity compared to traditional lighting options. LED battens in this range typically offer high-quality illumination with good color rendering and uniform light distribution. This ensures a pleasant lighting experience and may contribute to better productivity and well-being in commercial and work environments.
● Indoor Segment is the Fastest Growing Segment in the Market
The indoor segment dominated India LED Luminaire (Batten) Market with a market share of approximately 92% in 2022. LED battens offer flicker-free illumination, reducing eye strain and providing a more comfortable and pleasant lighting experience for prolonged indoor use. Many LED battens are dimmable, allowing users to adjust the brightness as per their preference and lighting needs. This feature enhances energy savings and adds to the flexibility of indoor lighting control.
● India LED Linear Lamps face distribution challenges which affect the market growth
India is a vast country with varying levels of urbanization and development across different regions. While major cities and urban centers may have well-established distribution networks, reaching remote and rural areas with LED linear lamps can be challenging. The lack of proper roads and transportation facilities in some regions can hinder the smooth distribution of products. The logistics of distributing LED linear lamps from manufacturers to retailers or end-users can be complex and time-consuming. Efficient transportation systems and warehousing facilities are essential to ensure that products are delivered in a timely and cost-effective manner. Expanding the presence of LED linear lamps in retail stores, especially in smaller towns and rural areas, can be a challenge. Establishing partnerships with retailers and promoting product visibility on shelves is crucial for increasing market reach.
Key Market Players:
Product/Service launches, approvals, patents and events, acquisitions, partnerships, and collaborations are key strategies adopted by players in the India LED Linear Lamps Market. The top 10 companies in this industry are listed below:
1. Havells India Limited
2. Surya Roshni Ltd.
3. Jaguar Lighting
4. Ledvance
5. Oreva Group
6. Orient Electric
7. Halonix Technologies
8. Crompton Greaves Consumer Electricals Ltd.
9. Bajaj Electricals Ltd.
10. Wipro Lighting
Scope of Report:
| Report Metric | Details |
|---|---|
|
Base Year Considered |
2022 |
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Forecast Period |
2023–2038 |
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CAGR |
8.0% |
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Market Size in 2038 |
$915.46 Million |
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Segments Covered |
Wattage, Product Length, Cap Type, CRI, Luminous Efficacy, Application, and End-Use |
Key Market Players |
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1.India LED Linear Lamps Market - Overview
1.1. Definitions and Scope
2.India LED Linear Lamps Market - Executive Summary
3.India LED Linear Lamps Market - Comparative Analysis
3.1. Company Benchmarking - Key Companies
3.2. Global Financial Analysis - Key Companies
3.3. Market Share Analysis - Key Companies
3.4. Patent Analysis
3.5. Pricing Analysis
4.India LED Linear Lamps Market - Start-up Companies Scenario
4.1. Key Start-up Company Analysis by
4.1.1. Investment
4.1.2. Revenue
4.1.3. Venture Capital and Funding Scenario
5.India LED Linear Lamps Market – Market Entry Scenario Premium
5.1. Regulatory Framework Overview
5.2. New Business and Ease of Doing Business Index
5.3. Case Studies of Successful Ventures
6.India LED Linear Lamps Market - Forces
6.1. Market Drivers
6.2. Market Constraints
6.3. Market Challenges
6.4. Porter's Five Force Model
6.4.1. Bargaining Power of Suppliers
6.4.2. Bargaining Powers of Customers
6.4.3. Threat of New Entrants
6.4.4. Rivalry Among Existing Players
6.4.5. Threat of Substitutes
7.India LED Linear Lamps Market – Strategic Analysis
7.1. Value Chain Analysis
7.2. Opportunities Analysis
7.3. Market Life Cycle
8.India LED Linear Lamps Market – by Wattage (Market Size – $Million/$Billion)
8.1.Upto 5W
8.2. 6 to 8W
8.3. 9 to 15W
8.4. 16 to 20W
8.5. 21 to 24W
8.6. 25 to 28W
8.7. >30 W
9.India LED Linear Lamps Market – by Product Length (Market Size – $Million/$Billion)
9.1. <300 mm
9.2. 300 to 750mm
9.3. 750 to 1200 mm
9.4. >1200 mm
10.India LED Linear Lamps Market – by Cap Type (Market Size – $Million/$Billion)
10.1. G5
10.2. G13
11.India LED Linear Lamps Market – by CRI (Market Size – $Million/$Billion)
11.1. <80
11.2. 80 to 90
11.3. >90
12.India LED Linear Lamps Market – by Luminous Efficacy (Market Size – $Million/$Billion)
12.1. <100 lm/W
12.2. 100 to 120 lm/W
12.3. 121 to 140 lm/W
12.4. >140 lm/W
13.India LED Linear Lamps Market – by Application (Market Size – $Million/$Billion)
13.1. Indoor
13.2. Outdoor
14.India LED Linear Lamps Market – by End Use (Market Size – $Million/$Billion)
14.1. Commercial
14.1.1 Offices
14.1.2 Healthcare Facilities
14.1.3 Retail & Hospitality
14.2. Industrial
14.2.1 Warehouse
14.2.2 Cold Storage
14.2.3 Factory and Production Lines
14.2.4 Packing Areas
14.3. Residential
15.India LED Linear Lamps Market – Entropy
16.India LED Linear Lamps Market – Industry/Segment Competition Landscape
16.1. Market Share Analysis
16.1.1. Market Share by Product Type – Key Companies
16.1.2. Market Share by Region – Key Companies
16.1.3. Market Share by Country – Key Companies
16.2. Competition Matrix
16.3. Best Practices for Companies
17.India LED Linear Lamps Market – Key Company List by Country Premium
18.India LED Linear Lamps Market - Company Analysis
18.1. Havells India Limited
18.2. Surya Roshni Ltd.
18.3. Jaguar Lighting
18.4. Ledvance
18.5. Oreva Group
18.6. Orient Electric
18.7. Halonix Technologies
18.8. Crompton Greaves Consumer Electricals Ltd.
18.9. Bajaj Electricals Ltd.
18.10. Wipro Lighting
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The India LED Linear Lamps Market is projected to grow at 8.0% CAGR during the forecast period 2023-2038.
Global India LED Linear Lamps Market size is estimated to be $287.47 million in 2023 and is projected to reach $915.46 million by 2038.
The Top Companies in India LED Linear Lamps Market are Havells India Limited, Surya Roshni Ltd., Jaguar Lighting, Ledvance, Oreva Group, and others.
Rising Awareness and Adoption, Government Initiatives, Technological Innovations, Industrial and Commercial Growth, Rapid Urbanization, and E-commerce growth are some of the major India LED Linear Lamps Market trends in the industry which will create growth opportunities for the market during the forecast period.
Government Initiatives towards the promotion of LED Lighting, Demand for Commercial and Industrial Lighting from Tier 2 and Tier 3 Cities are the driving factors of the market.