India LED Linear Lamps Market size is predicted to reach $915.46 million by 2038, growing at a CAGR of 8.0% during the forecast period 2023-2038 according to the latest market research report published by IndustryARC. 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 during the forecast period, finds IndustryARC in its recent report, titled “India LED Linear Lamps Market Size, Share & Trends Analysis Report By Wattage(Upto 5W, 6 to 8W, 9 to 15W, 16 to 20W, 21 to 24W, 25 to 28W, and >30W), By Product Length(<300 mm, 300 to 750 mm, 750 to 1200 mm, and > 1200 mm), By Cap Type(G5 and G13), By CRI(<80, 80 to 90, and >90), By Luminous Efficacy(<100 lm/W, 100 to 120 lm/W 121 to 140 lm/W, and >140 lm/W), By Application(Indoor and Outdoor), By End Use(Commercial, Industrial, and Residential)& Industry Forecast, 2023-2038.”
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India LED Linear Lamps Market 2023-2038: Scope of the Report
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Report Metric |
Details |
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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 |
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Key Market Players |
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India LED Linear Lamps Market Report – Key Takeaways:
Government Initiatives toward the Promotion of LED Lighting
Unnat Jyoti by Affordable LEDs for All (UJALA) Scheme was launched by the Ministry of Power. It aims to distribute LED bulbs to households at subsidized rates. Under this program, consumers can purchase LED bulbs at significantly reduced prices compared to traditional incandescent bulbs, promoting the adoption of energy-efficient lighting in residential areas. This is one of the major factors driving the growth of the India LED Linear Lamps Market during the forecast period.
Demand for Commercial and Industrial Lighting from Tier 2 and Tier 3 Cities
While Special Economic Zones (SEZs) to promote the IT/ITeS (IT-enabled Services) industry have been set up in Tier-2 cities, State Governments are also incentivizing businesses that are setting up new centers or expanding existing setups into non-Tier-1 locations. For instance, as per Tamil Nadu ICT policy 2018, new or expansion of IT/ITeS industries located in B&C districts will be provided an additional capital subsidy of 10% and 25% respectively over and above the eligible limit. The growing adoption of APIs is further set to drive Indian LED Linear Lamps Market during the forecast period.
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.
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Key Opportunity Analysis:
Rising Awareness and Adoption
As awareness about the benefits of LED lighting continues to increase, there is immense potential for higher adoption rates in both residential and commercial sectors. Consumers and businesses are likely to replace traditional lighting with LED linear lamps to achieve energy savings and reduce their carbon footprint. The growing adoption of LED linear lamps has been further facilitated by the development of a competitive and diverse market, with an array of product options catering to different consumer needs and preferences. As more individuals and organizations witness the benefits of LED lighting, the market’s growth is expected to continue, driven by the rising awareness and adoption of LED linear lamps across various sectors in India.
Government Initiatives
The Indian government’s continued support for energy efficiency through initiatives such as the “National LED Program” and energy efficiency standards can create a conducive environment for LED linear lamp manufacturers. Incentives and subsidies may further drive market demand. Furthermore, the Bureau of Energy Efficiency (BEE) has implemented star labeling for LED products, similar to appliances like refrigerators and air conditioners. This labeling system informs consumers about the energy efficiency of different LED products, encouraging them to choose higher-rated products, which, in turn, increases demand for more energy-efficient LED linear lamps.
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The Report also Covers the Following Areas:
- India LED Linear Lamps Market Size and Forecast
- India LED Linear Lamps Market Trends
- India LED Linear Lamps Market Analysis by Cap Type
India LED Linear Lamps Market 2023-2038 Key Highlights
- CAGR of the market during the forecast period 2023-2038
- Value Chain analysis of key stake holders
- Detailed analysis of market drivers and opportunities during the forecast period
- India LED Linear Lamps Market size estimation and forecast
- Analysis and predictions on end users’ behavior and upcoming trends
- Competitive landscape and Vendor market analysis including offerings, developments, and financials
- Comprehensive analysis of challenges and constraints in the India LED Linear Lamps Market
Covid and Ukrainian Crisis Impact:
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 has 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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List of Key Market Players in India LED Linear Lamps Market:
The key companies profiled in India LED Linear Lamps Market Report are listed below:
- Havells India Limited
- Surya Roshni Ltd.
- Jaguar Lighting
- Ledvance
- Oreva Group
- Orient Electric
- Halonix Technologies
- Crompton Greaves Consumer Electricals Ltd.
- Bajaj Electricals Ltd.
- Wipro Lighting
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Mr. Venkat Reddy IndustryARC Email: [email protected] USA: (+1) 518-282-472
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