India LED Lighting Industry Research Report

Sep 22, 2022
By : Admin
Events & News

India LED lighting industry overview

Indian LED lighting industry to grow at a CAGR of 60% from 2012 to 2017. The key drivers are as follows:

• Lower Cost of Ownership
• Favourable Government Initiatives
• Increased Availability
• Rising Consumer Awareness
• Emerging Middle Class Population

LED Bulbs: Price Vs. Demand

Over the period of last five years, backed by increased government’s initiatives, since last three years, LED bulbs prices has been significantly reduced which has fueled the demand for energy efficient LED lighting solutions.

Regional Overview

Fastest Anticipated Growth: North

•Two of the leading five states with highest number of LED street lights belongs to the region
•Increasing projects in Transportation sector including railways, metro rail, etc.

Dominating Region: South

•Booming Construction and Real-Estate sector.
•Relatively High Awareness towards energy efficiency
•Andhra Pradesh hosted country’s first rural LED street lighting project

Global overview