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. India lighting market is growing with a CAGR of more than 15% from last five years and is projected to grow in future due to excellent growth in the LED lighting industry. LED Lighting market is growing with a whopping CAGR of nearly 50% 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 market in India. According to “India LED Lighting Market Overview”, LED Lighting market will continue to grow in the forecasted period and increase its share in the lighting market. LED Lighting, which accounted for around 16-18% share in the current lighting market, is anticipated to capture nearly 60% by the year 2021. The report reveals that Philips, Surya Roshni, Osram, Bajaj, Havells, etc. are the leading players in India LED 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 the 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 Overview” discusses the following aspects of LED Lighting in India: The report gives an in-depth understanding of LED lighting market in India: - Global LED Lighting Market Outlook - Global LED Lighting Market Size & Forecast - Global LED Lighting Market Segmental Analysis: By Region, By Application, By LED Technology - India LED Lighting Market Outlook - India LED Lighting Market Size & Forecast - India LED Lighting Market Segmental Analysis: By Company, By Region, By Type, By Application - Pricing Analysis - The key vendors in this market space 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. Report Methodology The information contained in this report is based upon both primary and secondary research. Primary research included interviews with various channel partners of LED lights in India. Secondary research included an exhaustive search of relevant publications like company annual reports, financial reports and proprietary databases.
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