India Energy Efficient Lamps and Ballasts Market was valued US$ XX Mn in 2018 and is expected to reach US$ XX Mn by 2026, at CAGR of XX% during forecast period of 2019 to 2026.
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India Energy Efficient Lamps and Ballasts Market Drivers and Restrains:
India investments in the energy efficient lamps and ballasts market has already resulted in significant reductions in the Indian demand for energy. The energy that has been saved due to the use of energy efficient lighting products is almost 5% less than that utilized with the use of conventional lighting systems in the India in the last five years.
The market for energy efficient lamps and ballasts is on the edge of a major evolution. The constantly reducing prices and the improving quality and life of LED lighting devices have led to the extensive adoption of this technology. The momentum of this evolution seems to be faster than the previous evolution to energy-efficient segment as a whole, as the LED technology appears to have potential of surpassing all other equivalent technologies in metrics of quality as well as efficiency.
The India energy efficient lamps and ballasts market is driven by high light output at low power consumption, various acceptable size & form, long operational life and low maintenance cost. An increasing government initiatives to boost LED adoption and growing awareness regarding lower power consumption of LED lighting products are impelling the market growth globally. However, high cost involved, contains little amounts of mercury and lacks attribute for heat sensitivity applications are hampering the market growth at the India level. Unidirectional light output and reluctance to switch to led lighting are likely to create lucrative opportunities in the India market.
The report study has analyzed revenue impact of covid-19 pandemic on the sales revenue of market leaders, market followers and disrupters in the report and same is reflected in our analysis.
India Energy Efficient Lamps and Ballasts Market Market Segmentation:
Based on the type lamps, the India energy efficient lamps and ballasts market is segmented into Fluorescent lamps, Compact Fluorescent Lamps (CFLs), LED (light emitting diode) lamps, and HID (high intensity discharge) lamps. The LED Lamps and CFL Lamps segments are expected to grow at the largest CAGR of XX% during the forecast period. The rising demand was greatly contributed by the low cost of energy efficient lamps. This trends indicate that significant reduction in the price of CFLs and surge in demand for energy efficient lamps is likely to bolster growth in the market in the upcoming periods.
India Energy Efficient Lamps and Ballasts Market Competitive landscape
Major Key players operating in this market are Philips India Ltd., Surya Roshni Ltd., Harvell’s India Limited, Shree Sant Kripa Appliances Pvt. Ltd, OSRAM India Private Limited, Crompton Greaves Consumer Electricals LTD, and Halonix Technologies Limited. Manufacturers in the India Energy Efficient Lamps and Ballasts are focusing on competitive pricing as the strategy to capture significant market share. Moreover, strategic mergers and acquisitions and technological innovations are also the key focus areas of the manufacturers.
The objective of the report is to present a comprehensive analysis of India Energy Efficient Lamps and Ballasts Market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all aspects of the industry with a dedicated study of key players that includes market leaders, followers and new entrants by region. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors by region on the market are presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers. The report also helps in understanding dynamics, structure by analyzing the market segments and project the India Market size. Clear representation of competitive analysis of key players By Type, Price, Financial position, Product portfolio, Growth strategies, and regional presence in the India Energy Efficient Lamps and Ballasts Market make the report investor’s guide.
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India Energy Efficient Lamps and Ballasts Market, By Lamps Type:
• Fluorescent lamps
• Compact Fluorescent Lamps (CFLs)
• LED (light emitting diode) lamps
• HID (high intensity discharge) lamps
India Energy Efficient Lamps and Ballasts Market, By Ballasts Type:
• Magnetic fluorescent ballasts
• Electronic fluorescent ballasts
• CFL ballasts
• LED driver modules
• Magnetic HID ballasts
• Electronic HID ballasts
India Energy Efficient Lamps and Ballasts Market, By Application:
• Industrial Lighting
• Commercial Lighting
India Energy Efficient Lamps and Ballasts Market, Major Players:
• Philips India Ltd.
• Surya Roshni Ltd.
• Harvell’s India Limited
• Shree Sant Kripa Appliances Pvt. Ltd
• OSRAM India Private Limited
• Crompton Greaves Consumer Electricals LTD
• Halonix Technologies Limited
• Panasonic India
• GE Lighting India Pvt. Ltd.
• Bajaj Electricals Limited
• Acuity Brands
• Cooper Lighting
• Samsung Electronics
• Wal-Mart
• Albertson’s Inc.
• Johnson Controls, Inc.
• Sony Corporation of America
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