The study provides in-depth coverage of the Light emitting diode (LED) lighting market in India by product and application segments. Key trends have been analysed across applications. This study also examines the market opportunities in India for LED lighting and provide strategic recommendations based on its findings from the electronics manufacturing industry. Also identifies the key challenges, drivers and restraints for LED lighting penetration, profiling the key participants, forecasting revenue growth and providing competitive analysis of the market.
This research service provides revenue forecasts and market share, and competitive analyses of key market participants. In this research, Frost & Sullivan's experts thoroughly examine the following applications: outdoor, indoor, automotive and miscellaneous. It also covers the following technologies: incandescent, fluorescent and high intensity discharge (HID).
LED lighting has been blazing a trail through the Indian lighting market over the last few years, rapidly displacing many conventional technologies such as incandescent, high-intensity discharge (HID) and fluorescent lighting. LEDs outstanding energy efficiency (40 to 60 percent more than conventional lighting technologies), lower maintenance costs and eco friendliness have made them popular in outdoor and indoor lighting applications. Unlike heat-emissive light sources such as incandescent bulbs, LEDs produce heat but do not dissipate it, making them one of the greenest and coolest light sources available. The Government of India has been making efforts to boost energy-efficient lighting technologies by choosing to adopt LEDs for street lighting in key cities and for architectural lighting for national monuments, the research analyst who compiled this report said. The Ministry for Renewable Energy and the Bureau of Energy Efficiency have also been driving initiatives such as the distribution of solar LED lanterns in villages to promote energy-efficient lighting.
As LEDs are the most miniature light sources available, they can be custom designed for the application they cater to. For example, LED strips can be used in signage and luminaires for indoor and street lighting, while miniature LED flashes can be used in cell phones. This flexibility helps lighting companies produce more lighting designs with LEDs than with any other lighting technology.
Street lighting and outdoor lighting applications provide a plethora of opportunities for LED lighting due to its quicker return on investment (ROI). In outdoor applications, an ROI can be achieved in two to three years, whereas in indoor applications, the ROI takes four to five years. Furthermore, LEDs also have a lower total ownership cost than competing lighting technologies and a longer lifetime of 50, 000 to 60, 000 hours. LED manufacturers will need to position their products and create awareness about the value of their products, the analyst noted. This is particularly significant because of the price premium that LED lighting products demand upfront and also to showcase the quality of LED products in a market where standards have yet to be framed.
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