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Bajaj Electricals Ltd., ERCO GmbH, and Eveready Industries India Ltd. will emerge as major participants in the outdoor LED market in India from 2021 to 2026
NEW YORK , Feb. 14, 2022 /PRNewswire/ -- The outdoor LED market size in India is expected to reach a value of USD 267.08 mn from 2021 to 2026. The growth momentum of the market will accelerate at a CAGR of 12.71%.
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Outdoor LED Market In India 2022-2026: Key players and Their Offerings
Bajaj Electricals Ltd. - The company offers a wide range of outdoor LED lights such as street and road lighting, area and yard lighting, among others.
ERCO GmbH - The company offers a wide range of outdoor LED lights such as projectors, floodlights, and wallwashers.
Eveready Industries India Ltd. - The company offers a wide range of outdoor LED lights such as floodlights, street lights, among others.
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Outdoor LED Market In India 2022-2026: Segmentation
By distribution channel, the outdoor LED market in India has been segmented into billboards, video walls, perimeter LED boards, LED matrix board, and others. The offline segment will have significant market share growth during the forecast period. Outdoor LED product is mainly sold through offline distribution channels, which include different retail formats such as specialty stores, hypermarkets, convenience stores, and departmental stores. Consumers prefer buying outdoor LED products from retail stores, which offer a wide range of products and provide the required support and information through customer service. Distribution channel
By application, the outdoor LED market in India has been segmented into billboards, video walls, perimeter LED boards, LED matrix boards, and others. The billboards segment will have significant market share growth during the forecast period. Billboards are outdoor advertising structures that present large advertisements to passing pedestrians and drivers. Typically, brands use billboards to build their brand image or to push for their new products. LED billboards are like huge televisions that play moving ads. The billboards are used for advertising many objects at the same time, such as the same billboard can be used for advertising movies, new product launches, and government initiatives which is an advantage over traditional billboards.
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Outdoor LED Market In India 2022-2026: Driver
One of the key drivers supporting the outdoor LED market growth in India is the growing demand for LED lighting for different applications. Manufacturers of lighting products have started focusing on energy-efficient and environment-friendly lighting solutions because of the rising awareness about green technology and the lowering prices of LEDs. The continuous decrease in the average selling price (ASP) of LED products is expected to have a positive impact on their penetration and market size in the residential as well as commercial sectors. In addition, the outdoor LED market in India has a large number of LED product manufacturers such as Havells India Ltd, SH Group, Inc, and Koninklijke Philips N.V. These factors are expected to boost the growth of the outdoor LED market in India during the forecast period.
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Outdoor LED Market In India Scope
Accelerate at a CAGR of 12.71%
Leading companies, competitive strategies, consumer engagement scope
Bajaj Electricals Ltd., ERCO GmbH, Eveready Industries India Ltd., Havells India Ltd., Koninklijke Philips NV, Orient Electric Ltd., Panasonic Corp., Surya Roshni Ltd., Syska Led Lights Pvt. Ltd., and Wipro Ltd.
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for forecast period,
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Exhibit 08: Value chain analysis: Electrical Components and Equipment Market
Exhibit 09: Offerings of vendors included in the market definition
3.4 Market outlook: Forecast for 2021 - 2026
3.4.1 Estimating growth rates for emerging and high-growth markets
3.4.2 Estimating growth rates for mature markets
Exhibit 11: India - Market size and forecast 2021 - 2026 ($ million)
Exhibit 12: India market: Year-over-year growth 2021 - 2026 (%)
Exhibit 13: Five forces analysis 2021 & 2026
Exhibit 14: Bargaining power of buyers
Exhibit 15: Bargaining power of suppliers
Exhibit 16: Threat of new entrants
Exhibit 19: Market condition - Five forces 2021
Exhibit 20: Application - Market share 2021-2026 (%)
5.3 Billboards - Market size and forecast 2021-2026
Exhibit 22: Billboards - Market size and forecast 2021-2026 ($ million)
Exhibit 23: Billboards - Year-over-year growth 2021-2026 (%)
5.4 Video walls - Market size and forecast 2021-2026
Exhibit 24: Video walls - Market size and forecast 2021-2026 ($ million)
Exhibit 25: Video walls - Year-over-year growth 2021-2026 (%)
5.5 Perimeter LED boards - Market size and forecast 2021-2026
Exhibit 26: Perimeter LED boards - Market size and forecast 2021-2026 ($ million)
Exhibit 27: Perimeter LED boards - Year-over-year growth 2021-2026 (%)
5.6 LED matrix board - Market size and forecast 2021-2026
Exhibit 28: LED matrix board - Market size and forecast 2021-2026 ($ million)
Exhibit 29: LED matrix board - Year-over-year growth 2021-2026 (%)
5.7 Others - Market size and forecast 2021-2026
Exhibit 30: Others - Market size and forecast 2021-2026 ($ million)
Exhibit 31: Others - Year-over-year growth 2021-2026 (%)
Exhibit 32: Market opportunity by Application
6 Market Segmentation by Distribution channel
Exhibit 33: Distribution channel - Market share 2021-2026 (%)
Exhibit 34: Comparison by Distribution channel
6.3 Offline - Market size and forecast 2021-2026
Exhibit 35: Offline - Market size and forecast 2021-2026 ($ million)
Exhibit 36: Offline - Year-over-year growth 2021-2026 (%)
6.4 Online - Market size and forecast 2021-2026
Exhibit 37: Online - Market size and forecast 2021-2026 ($ million)
Exhibit 38: Online - Year-over-year growth 2021-2026 (%)
6.5 Market opportunity by Distribution channel
Exhibit 39: Market opportunity by Distribution channel
Technavio's customer landscape matrix comparing Drivers or price sensitivity, Adoption lifecycle, importance in customer price basket, Adoption rate and Key purchase criteria
8.1.1 Growing demand for LED lighting for different applications
8.1.2 Favorable environment policy and governmental support
8.1.3 Increased demand for energy-efficient lighting systems
8.2.1 Threats associated with counterfeit products
8.2.3 Growing popularity of digital marketing
Exhibit 41: Impact of drivers and challenges
8.3.3 Use of AI with outdoor advertising
Exhibit 46: Market positioning of vendors
Exhibit 47: Bajaj Electricals Ltd. - Overview
Exhibit 48: Bajaj Electricals Ltd. - Business segments
Exhibit 49: Bajaj Electricals Ltd. - Key offerings
Exhibit 50: Bajaj Electricals Ltd. - Segment focus
Exhibit 51: ERCO GmbH - Overview
Exhibit 52: ERCO GmbH - Product and service
Exhibit 53: ERCO GmbH - Key offerings
Exhibit 54: Eveready Industries India Ltd. - Overview
Exhibit 55: Eveready Industries India Ltd. - Business segments
Exhibit 56: Eveready Industries India Ltd. - Key offerings
Exhibit 57: Eveready Industries India Ltd. - Segment focus
Exhibit 58: Havells India Ltd. - Overview
Exhibit 59: Havells India Ltd. - Business segments
Exhibit 60: Havells India Ltd. – Key news
Exhibit 61: Havells India Ltd. - Key offerings
Exhibit 62: Havells India Ltd. - Segment focus
Exhibit 63: Koninklijke Philips NV - Overview
Exhibit 64: Koninklijke Philips NV - Business segments
Exhibit 65: Koninklijke Philips NV - Key News
Exhibit 66: Koninklijke Philips NV - Key offerings
Exhibit 67: Koninklijke Philips NV - Segment focus
Exhibit 68: Orient Electric Ltd. - Overview
Exhibit 69: Orient Electric Ltd. - Business segments
Exhibit 70: Orient Electric Ltd. – Key news
Exhibit 71: Orient Electric Ltd. - Key offerings
Exhibit 72: Orient Electric Ltd. - Segment focus
Exhibit 73: Panasonic Corp. - Overview
Exhibit 74: Panasonic Corp. - Business segments
Exhibit 75: Panasonic Corp. - Key offerings
Exhibit 76: Panasonic Corp. - Segment focus
Exhibit 77: Surya Roshni Ltd. - Overview
Exhibit 78: Surya Roshni Ltd. - Business segments
Exhibit 79: Surya Roshni Ltd. - Key offerings
Exhibit 80: Surya Roshni Ltd. - Segment focus
10.11 Syska Led Lights Pvt. Ltd.
Exhibit 81: Syska Led Lights Pvt. Ltd. - Overview
Exhibit 82: Syska Led Lights Pvt. Ltd. - Product and service
Exhibit 83: Syska Led Lights Pvt. Ltd. - Key offerings
Exhibit 84: Wipro Ltd. - Overview
Exhibit 85: Wipro Ltd. - Business segments
Exhibit 86: Wipro Ltd. – Key news
Exhibit 87: Wipro Ltd. - Key offerings
Exhibit 88: Wipro Ltd. - Segment focus
11.2 Currency conversion rates for US$
Exhibit 89: Currency conversion rates for US$
Exhibit 91: Validation techniques employed for market sizing
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