India LED market
According to Infoholic Research, Indian LEDs market is expected to grow at a CAGR of 32.0% during the forecast period 2016–2022 to reach $3.4 billion by 2022.
According to Infoholic Research, Indian LEDs market is expected to grow at a CAGR of 32.0% during the forecast period 2016–2022 to reach $3.4 billion by 2022.
You also want an ePaper? Increase the reach of your titles
YUMPU automatically turns print PDFs into web optimized ePapers that Google loves.
BRIEF INTRODUCTION<br />
<strong>India</strong>n lighting <strong>market</strong> has been witnessing a shift from traditional light sources to non-conventional<br />
products such as <strong>LED</strong>s. Although, the product manufacturing companies still have to rely heavily on<br />
imports for <strong>LED</strong>s supply, yet the <strong>market</strong> is witnessing high growth owing to government support in<br />
terms of favorable import policies and subsidies in the consumer segment.<br />
<strong>India</strong>n <strong>LED</strong>s <strong>market</strong> is expected to grow at a CAGR of 32.0% during the forecast period 2016–2022<br />
to reach $3.4 billion by 2022<br />
Lighting segment is expected to contribute the largest contribution towards the growth whereas<br />
the highest growth is expected from mobile devices segment which is expected to be benefitted by<br />
technological development, decreasing <strong>LED</strong>s price and increasing disposable income of <strong>India</strong>n<br />
consumers.<br />
Click here to receive a Sample of this report<br />
www.infoholicresearch.com 3
Change language