Indian LED Lighting Market Report 2016-2021

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Imarc Report Description www.imarcgroup.com About IMARC Group The International Market Analysis Research and Consulting Group is a leading advisor on management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses. IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise. IMARC’s tailored approach combines unfathomable insight into the dynamics of companies and markets with close cooperation at all levels of the client organization. This ensures that our clients achieve unmatchable competitive advantage, build more proficient organizations, and secure lasting results.
Imarc Report Description www.imarcgroup.com Report Description and Highlights 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.
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Indian LED Lighting Market Report 2016-2021

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