India LED Lighting Market Overview
Bonafide Research |
SKU : 150730052
Pages : 49 | Jul, 15 | Region : Asia-Pacific
Figures : 14 | Tables : 7
Category: Energy & Utility
Light Emitting Diodes (LEDs) have entered the lighting market, not even a decade before, as an energy efficient alternative to traditional light sources such as incandescent and fluorescent bulbs. These lights still have an enormous amount of room for technological growth and offer various advantages over all other forms of lighting. Having just recently entered the lighting market, LEDs have faced many barriers to entry and are struggling to obtain a market share over the traditional forms of lights. Compact fluorescent lamps (CFL) also used to be a disruptive technology, but it took over 20 years to achieve significant market share.
The Indian market continues to be mainly driven by government which makes up 51 percent of all LED orders. The streetlight market, for example is benefiting from lighting overhaul in cities of old lights to LED. While in the commercial lighting segment there is a heightened interest in industrial lighting and in down lighters, which in India are vigorously shifting to LED as a source. India Lighting market is growing with a CAGR of 16.83% from last five years and is projected to grow even in future due to excellent growth in the LED Lighting industry. LED Lighting market is growing with a whopping CAGR of 57.31% over last five years. Government initiatives to replace incandescent bulbs with LED bulbs under various schemes, increasing energy demand in the country and declining prices of LED lights are the factors driving the growth of LED lighting in India.
According to “India LED Lighting Market Outlook, 2021”, India’s LED Lighting market is forecast to grow at a CAGR of 32.15% over six years. LED Lighting, which accounts for 19% share in the current overall Lighting market, is anticipated to reach 62% by the year 2021. The report reveals that Philips, Osram, Bajaj, Havells, etc. are the leading players in India Lighting market and are expected to dominate the market in the forecast period also. The growing awareness about LED lighting in the Southern India has proved to be the important market for LED lighting companies. Street lighting application accounts for majority of the market revenues in India LED lighting market. Outdoor LED lighting segment is growing robustly on account of growing demand for LED installations in parks, streets, railways, metro stations, parking lots and other public places. “India LED Lighting Market Outlook, 2021” discusses the following aspects of LED Lighting in India:
How it will help solving your strategic decision making process??
The report gives an in-depth understanding of LED Lighting market in India:
- To identify the anticipated growth in the next six years
- To anticipate the market size in 2021 and the growth rate by then
- The key vendors in this market space
- The market opportunities and threats faced by the key vendors
- The strengths and weaknesses of the key vendors
- India Lighting Market Size, Share & Forecast
- India LED Lighting Market Size & Forecast
- Segmental Analysis - By Company, By Region, By Application, By Technology
- This report can be useful to Industry consultants, manufacturers and other stakeholders to align their market-centric strategies. In addition to marketing & presentations, it will also increase competitive knowledge about the industry.
The information contained in this report is based upon both primary and secondary research.
LIST OF FIGURES
Figure-1: Global LED Lighting Market Size - By Value 2009 – 2014 (USD, Billion)
Figure-2: Global LED Lighting Market Size Forecast - By Value 2015F – 2021F
Figure-3: Global LED Lighting Market Share – By Region 2014
Figure-4: Global LED Lighting Market Share Forecast– By Region 2021F
Figure-5: Global LED Lighting Market Share – By Application 2014
Figure-6: Global LED Lighting Market Share Forecast – By Application 2021F
Figure-7: Global LED Lighting Market Share – By Technology 2014 & 2021F
Figure-8: Global Average Price – LED Lamp – US$ (Feb2013-March2014)
Figure-9: India LED Lighting Market Size - By Value 2009 – 2014 (INR Crore)
Figure-10: India LED Lighting Market Size Forecast - By Value 2015F – 2021F
Figure-11: India Lighting Market Share – By Company 2014 & 2021F
Figure-12: India LED Lighting Market Share – By Region 2014 & 2021F
Figure-13: India LED Lighting Market Share – By Types 2014 & 2021F
Figure-14: India LED Lighting Market Share – By Application 2014 & 2021F
LIST OF TABLES
Table-1: Global Average LED Bulb Price (40W)
Table-2: Global Average LED Bulb Price (60W)
Table-3: Key Facts of Philips India Ltd.
Table-4: Key Facts of Bajaj Electricals Ltd.
Table-5: Key Facts of Havells India Ltd.
Table-6: Key Facts of Osram India Pvt. Ltd.
Table-7: Key Facts of Surya Roshni Limited
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