The Outdoor LED Market in India is being driven by Growing demand for LED lighting for different applications
The Outdoor LED Market in India is expected to grow at a CAGR of 13.3% during 2023 and 2028. During this period, the market is also expected to show a growth of USD 281.7 million. Intelligent outdoor LED lighting systems represent the next generation of lighting technology, offering advanced capabilities beyond traditional stationary sources. These systems, also referred to as automated lighting or moving lights, incorporate programmable software and smart LED fixtures, as well as occupancy and daylight harvesting sensors. These features enable the lighting intensity and duration to be automatically adjusted based on various conditions, including daylight availability. Furthermore, wireless control options allow facility managers to conveniently adjust settings and access web-based reporting of operating patterns. Intelligent outdoor LED lighting systems deliver significant energy and cost savings, making them an attractive option for commercial applications.
Get more information on Outdoor LED Market in India by requesting a sample report
Which Factors Are Causing a Surge in Market Growth?
The market is segmented based on Distribution Channel (Offline, Online) Application (Billboards, Video walls, Permiter LED boards, LED matrix board, Others) Geography (APAC).
According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows:
Rich Experience: 20+ years leading global market research, trusted insights across industries.
Unlock Business Potential with Technavio: Maximize ROI with Technavio's tailored market research: deep dives and actionable insights.
Your Guide to Market Success: Empower your business with Technavio's market research and future-proof your decisions.
Key Features in Outdoor LED Market in India Research Report
Find out which segment is leading the market by accessing the free PDF report
The Outdoor LED Market in India is witnessing significant growth due to the adoption of energy-efficient solutions for infrastructure development. Smart lighting systems, incorporating IoT connectivity and laser lights, are becoming popular. Solar-powered LED fixtures and retrofit lighting systems are key contributors to green infrastructure in construction projects. Smart cities are implementing IoT technology for advanced lighting systems, reducing energy consumption in public places like transport hubs, sports stadiums, and tourist attractions. Wireless technology and Wi-Fi enable seamless control and product testing costs reduction. Horticulture and intelligent light-filling technology are also benefiting from LED lighting's aesthetic appeal and energy conservation properties. Infrastructure development in sectors like transportation services, road transport, and construction, is driving the demand for outdoor LED lighting solutions.
The Outdoor LED Market in India is a significant segment of the larger global Electrical Components and Equipment Market. This market encompasses companies specializing in the manufacturing of LED lighting solutions, including smart lighting systems, solar-powered fixtures, and laser lights. The market's growth is driven by the demand for green infrastructure in construction projects, smart cities, and IoT implementation. Key trends include wireless technology, retrofit lighting systems, and carbon footprint reduction. The market size is calculated based on the revenue generated from the sales of LED technology, automation solutions, sensors, and meters, among other electrical components and equipment. Additionally, rental and leasing services for these products contribute to the market's growth.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/
Safe and Secure SSL Encrypted
One user only.
Quick & easy download option
Unlimited user access (Within your organization).
Complimentary Customization Included
*For Enterprise license, go to checkout page
Get the report (PDF) sent to your email within minutes.
