India Led Lighting Market (2015 - 2021)

Feb 20, 2014- Mumbai, India: Bharatbook.com announces a new report on "India LED Lighting Market (2015 - 2021)” Additionally, government initiatives to promote domestic manufacturing would result into reduction in prices in long run.

India LED Lighting Market (2015 - 2021): Market Forecast By Lighting Types (Traditional and LED Lighting), By Applications (Streetlight, Outdoor, Industrial, Railways, Automotive, Indoor and Others) and Regions (North, South, East, West, North-East and Central)

LED Lighting market in India is in its nascent stage; however, high growth is anticipated due to government initiatives to replace incandescent bulbs with LED bulbs in streetlight application. In 2015, the Government of India announced the distribution of LED bulbs at subsidized rate would further drive the adoption in the country.

Also, with growing awareness and reduction of prices, the market for LED Lighting is exhibited to attain tremendous growth in the forecast period. Additionally, government initiatives to promote domestic manufacturing would result into reduction in prices in long run.

According to 6Wresearch, India LED Lighting market is projected to reach $2.2 billion by 2021. Streetlight and outdoor applications have generated majority of the market revenues in the overall market. However, railways, industrial, automotive and indoor applications are emerging as other key growing applications in the country. Streetlight application leads in India’s LED lighting market owing to the initiatives taken by various state governments to deploy LED based streetlights. For instance, in Chandigarh, initiatives were taken to replace existing incandescent bulbs with LED bulbs in 18 major areas.

LEDs are primarily imported in the country due to lack of available infrastructure and technological insufficiency. Over the next six years, this trend is expected to change on account of introduction of new government electronic manufacturing policies. Companies and...