Bulb Industry-India

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“MARKET STUDY – COMPACT FLUORESCENT LAMP (CFL)”

A compact fluorescent lamp (CFL), also called compact fluorescent light, energy-saving light, and compact fluorescent tube, is a fluorescent lamp designed to replace an incandescent lamp; some types fit into light fixtures formerly used for incandescent lamps. The lamps use a tube which is curved or folded to fit into the space of an incandescent bulb, and compact electronic ballast in the base of the lamp.

* MARKET SIZE AND STRUCTURE

The size of the CFL market currently pegged at 230 million units is expected to exceed 400 million units by the year 2014. The market is being driven both by growing adoption by new consumers as well as replacements.  

On an overall basis, Philips is the market leader. The other players of significance include QSRAM, Havells, Halonix, Oreva, Surya, Crompton and Bajaj. Regional and local brands make up 24% of the market.  

Usage of CFLs

More than 60% of the urban households in India have installed CFLs. Penetration of CFL is highest in the North and lowest in the Eastern region of India. SEC A households emerged as the largest users of CFLs: 85% of the SEC A households has installed CFLs.

However, usage of CFLs declines as one goes down the socio‐economic (SEC) ladder.  

The installed share of CFLs among all lighting points in the household is an indicator of the intensity of CFL usage. CFLs now have an installed share of 42%.

The domestic lighting industry reported a CAGR (Compounded Annual Growth Rate) of 12% to around Rs.72billion over the five years till 2009-10. With personal disposable incomes increasing and market preference shifting towards more energy-efficient products, the CFL segment reported a much faster CAGR of 28% over the same period to account for almost one-third of the total domestic lighting market.

Growth Drivers | Key Challenges |

* Increase in real estate activities backed by strong...