Led-lighting-industry-in-india, the demand for led lighting in india is still mostly driven by its adoption in metro cities, mainly because of better awareness and higher socio-economic growth. however, the demand from tier-ii cities is also expected to grow based on requirements from the street lighting and industrial lighting domains.. Led is a reliable and energy-efficient source of lighting. led lighting products have gained a prominent spot in the indian lighting market, owing to their numerous benefits over older lighting technology., kwality is the first indian firm to set up led manufacturing in the country. but more than that, it has the highest market share in the led lighting business of all domestic companies. established in 1966, the company is a quality manufacturer of led lamps and led displays. so, there you have it..
Read more about indian led industry set to touch rs 21,600 cr by 2020 on business standard. the market size of indian led industry may touch rs 21,600 crore by 2020 on the back of government's decision to switch to led for all street lamps and public space lighting, an industry official said., lighting india - the only magazine of its kind covering the lighting industry in india as well as globally. lighting india covers latest trends, innovations, technological finds, product reviews on lighting design, automotive lighting, stage lighting, festive lighting & wedding lighting, led signage & displays, leds, solid-state lighting, drivers, energy efficiency, industrial lighting ....
Although indian led lighting market is at a nascent stage, it offers innumerable opportunities for growth over the next few decades. as india represents one of the biggest lighting markets, it offers a lucrative option for led manufacturers to set up their facilities in the region., while the demand for a smart and connected, lifestyle is a driving force behind the led lighting industry, the industry faces a number of challenges..
In reality, led lighting has vast potential in india owing to power shortages and high electricity costs. now-a-days, india struggles to meet the increasing electricity demand with its exceptional growth in the economy leading to build more power plants for sustaining the higher electricity demand of its widely growing population., the indian lighting industry is evolving rapidly due to the shift from conventional bulbs to leds, which is being driven by increasing government energy conservation initiatives, rising consumer awareness about energy-efficient products and innovative product offerings in sync with the mega trend of digitisation..
The led lighting market is valued at usd 58.91 billion in 2018 and is expected to reach usd 127.97 billion by 2024, with a cagr of 13.75% during the forecast period (2020 - 2025).