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India LED Luminaire(Batten) Market - Forecast(2024 - 2030)
India LED Luminaire (Batten) Market Overview:
India LED Luminaire (Batten) Market size is estimated to reach $1419.98 million by 2038, growing at a CAGR of 7.2% during the forecast period 2023-2038. LED battens are highly energy-efficient compared to traditional lighting options like incandescent or fluorescent lights. They consume significantly less power while providing the same or better illumination, making them a cost-effective choice for consumers.
LED battens also have a longer operational life compared to conventional lights. They can last tens of thousands of hours, reducing the frequency of replacements and lowering maintenance costs. LED technology has witnessed continuous advancements, leading to improved performance, higher lumens per watt, and better design options for LED battens, which attract consumers seeking modern and aesthetically pleasing lighting solutions. The efficient reach of LED Luminaire (Batten) to remote and rural areas may be limited due to inadequate infrastructure, which affects market penetration.
Market Snapshot:
India LED Luminaire (Batten) Market - Report Coverage:
The “India LED Luminaire (Batten) Market Report - Forecast (2023-2038)” by IndustryARC, covers an in-depth analysis of the following segments in the India LED Luminaire (Batten) Market.
| Attribute | Segment |
|---|---|
|
By Wattage |
● Upto 5W ● 6 to 8W ● 9 to 15W ● 16 to 20W ● 21 to 24W ● 25 to 28W ● >30W |
|
By Product Length |
● <300 mm ● 300 to 750 mm ● 750 to 1200 mm ● >1200 mm |
|
By CRI |
● <80
● 80 to 90
● >90
|
|
By Luminous Efficacy |
● <125 lm/W ● 125 to 175 lm/W ● 175 to 205 lm/W ● >205 lm/W |
|
By Material |
● Optic Material o Polycarbonate o Acrylic o Glass o Others ● Housing Material o Aluminum o Stainless Steel o Polycarbonate o Others |
|
By Application |
● Indoor
● Outdoor
|
|
By End Us |
● Commercial o Offices o Healthcare o Retail & Hospitality ● Industrial o Warehouse o Cold Storage o Factory and Production Lines o Packing Areas o Packing Areas ● Residential |
COVID-19 / Ukraine Crisis - Impact Analysis:
● The LED batten market, like many other industries, experienced disruptions in the supply chain due to lockdowns, travel restrictions, and factory closures in various countries. This led to delays in manufacturing, shipping, and delivery of LED batten products. Many construction and infrastructure projects were put on hold or delayed during the pandemic. These projects often involve the installation of lighting fixtures, including LED battens, which impacted the market's growth.
● As there were significant LED batten manufacturing or supply chain operations based in Ukraine or neighboring countries affected by the crisis, it led to disruptions in the availability of LED batten products or components. Political tensions and sanctions resulting from the Ukraine crisis also affected trade relations between Ukraine and other countries, potentially influencing the export and import of LED batten products.
Key Takeaways:
● 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.
● 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 Luminaire (Batten) 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 Luminaire (Batten) Market during the forecast period.
● 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.
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Key Market Players:
Product/Service launches, approvals, patents and events, acquisitions, partnerships, and collaborations are key strategies adopted by players in the India LED Luminaire (Batten) Market. The top 10 companies in this industry are listed below:
1. Havells India Limited
2. Surya Roshni Ltd.
3. Ledvance
4. Jaguar Lighting
5. Panasonic Life Solutions India Pvt, Ltd./Anchor
6. Wipro Lighting
7. Orient Electric
8. Halonix Technologies
9. HPL Electric & Power Ltd.
10. Bajaj Electricals Ltd.
Scope of Report:
| Report Metric | Details |
|---|---|
|
Base Year Considered |
2022 |
|
Forecast Period |
2023–2038 |
|
CAGR |
7.2% |
|
Market Size in 2038 |
$1419.98 Million |
|
Segments Covered |
Wattage, Product Length, CRI, Luminous Efficacy, Material, Application, and End-Use |
|
Key Market Players |
|
1. India LED Luminaire (Batten) Market - Overview
1.1.Definitions and Scope
2. India LED Luminaire (Batten) Market - Executive Summary
3. India LED Luminaire (Batten) 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 Luminaire (Batten) 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 Luminaire (Batten) 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 Luminaire (Batten) 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 Luminaire (Batten) Market – Strategic Analysis
7.1. Value Chain Analysis
7.2. Opportunities Analysis
7.3. Market Life Cycle
8. India LED Luminaire (Batten) Market – by Wattage (Market Size – $Million/$Billion)
8.1. Upto 5W
8.2. 6to 8W
8.3. 9to15W
8.4. 16to 20W
8.5. 21to 24W
8.6. 25to 28W
8.7. >30 W
9. India LED Luminaire (Batten) 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 Luminaire (Batten) Market – by CRI (Market Size – $Million/$Billion)
10.1. <80
10.2. 80 to 90
10.3. >90
11. India LED Luminaire (Batten) Market – by Luminous Efficacy (Market Size – $Million/$Billion)
11.1. <100 lm/W
11.2. 100 to 120 lm/W
11.3. 121 to 140 lm/W
11.4. 140 to 175 lm/W
11.5. 175 to 205 lm/W
11.6. >205 lm/W
12. India LED Luminaire (Batten) Market – by Material (Market Size – $Million/$Billion)
12.1. Optic Material
12.1.1 Polycarbonate
12.1.2 Acrylic
12.1.3 Glass
12.1.4 Others
12.2. Housing Material
12.2.1 Aluminum
12.2.2 Stainless Steel
12.2.3 Polycarbonate
12.2.4 Others
13. India LED Luminaire (Batten) Market – by Application (Market Size – $Million/$Billion)
13.1. Indoor
13.2. Outdoor
14. India LED Luminaire (Batten) 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 Luminaire (Batten) Market – Entropy
16. India LED Luminaire (Batten) 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 Luminaire (Batten) Market – Key Company List by Country Premium
18. India LED Luminaire (Batten) Market - Company Analysis
18.1. Havells India Limited
18.2. Surya Roshni Ltd.
18.3. Ledvance
18.4. Jaguar Lighting
18.5. Panasonic Life Solutions India Pvt, Ltd./Anchor
18.6. Wipro Lighting
18.7. Orient Electric
18.8. Halonix Technologies
18.9. HPL Electric & Power Ltd.
18.10. Bajaj Electricals Ltd.
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The India LED Luminaire (Batten) Market is projected to grow at 7.2% CAGR during the forecast period 2023-2038.
India LED Luminaire (Batten) Market size is estimated to be $501.86 million in 2023 and is projected to reach $1419.98 million by 2038.
The leading players in India LED Luminaire (Batten) Market are Havells India Limited, Surya Roshni Ltd., Jaguar Lighting, Ledvance, Wipro Lighting, 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 Luminaire (Batten) 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.