Indian Led Lighting Market

IMARC Group

Indian LED Lighting Market Driven by Infrastructural Development and

Government Initiatives Promoting

Green Technologies

Copyright © 2016 International Market Analysis Research & Consulting (IMARC). All Rights Reserved

Report Description

Indian LED Lighting Market Driven by Infrastructural Development and Government Initiatives Promoting Green Technologies

Government initiatives for promoting investments in LED Lighting market such as UJALA (Unnat Jyoti by Affordable LEDs for All) and Make in India are one of the major factors driving the Indian LED Lighting Market. According to IMARC Group, the Indian LED Lighting market was worth around US$ 690 Million in 2015, growing at a CAGR of around 52% during 2008–2015. Light Emitting Diode or LED lights are more energy

efficient, sturdy and environment-friendly than incandescent or fluorescent lights. They have a longer life, more colour variants and easy digital control. The growth of the LED Lighting market is driven by several

factors like rising environmental concerns, infrastructural development, government support for promoting investments in LED lighting systems, skilled labour and strong growth of the automobile industry. Currently, indoor lighting represents the largest application segment accounting for around half of the total LED lighting market in India, followed by outdoor lighting and automobile lighting.

IMARC Group’s latest study “Indian LED Lighting Market – Industry Trends, Manufacturing Process, Plant

Setup, Machinery, Raw Materials, Cost and Revenue” segments the Indian LED lighting market on the basis of different LED products. The Bulb & Tube light segment dominated the market accounting for a

third of the total LED lighting market, followed by panel lights, street lights, down lights, flood lights and others.

Region-wise, Southern India dominated the Indian LED lighting market accounting for around 35% of the total market share. Southern India was...