India LED Market is Expected to Reach more than INR 200 billion in terms of revenue by 2019

PITAMPURA, India - Feb. 6, 2015 - PRLog -- ·         India LED Market is expected to reach more than INR 200 billion in terms of revenue by FY’2019.

·         Future growth of India LED market is expected to be led by increasing government initiatives, falling prices of LED lights and growing concerns with respect to energy conservation.

Ken Research announced its latest publication on “India LED Lighting Market Outlook to 2019 - Next Wave of Growth Driven by Government Initiatives” which provides a comprehensive analysis of LED market in India. The report covers various aspects such as market size of India LED market by revenue generated and production volume, and market segmentation of the LED industry on the basis of types of products, organized and unorganized players, import and domestic production volume, end users and different regions. The report is useful for LED lighting manufacturers, auxiliary component manufacturers, LED lighting distributors and retailers.

The LED industry is one of the most dynamic industries and plays an important role in the lighting sector of India. The growth is majorly originated from increasing government initiatives and falling prices.

The LED market in India comprises players such Philips, Havells, Syska LED lights, Osram and Bajaj among others. India LED market has grown at a CAGR of 56.1% in terms of revenue generated from FY’2009-FY’2014.

According to the research report, the Indian LED market will grow at a considerable CAGR of ~% thus inclining to more than INR 200 billion by FY’2019, due to increasing awareness about the uses of LED lights and falling prices.

“A hike in the investment activity, technological advancements and rising personal disposable income will result in market growth. Additionally, inexpensive imports from China and lack of LED fabrication facilities act as hindrances in the Indian LED market”, according to the Research Associate, Ken Research.

Key Topics Covered in the Report:

-          Market Size by Revenue and Production Volume.

-          Market Segmentation by

o   Types of Products

o   Major Regions (South India, North India, West India and East India)

o   End Users

o   Import and Domestic Production

o   Organized and Unorganized Players

-          Trends and Developments

-          Major Opportunities

-          Major Challenges

-          Competition and Market Share

-          Future Outlook and Projections

-          Macro Economic Parameters

Companies Covered in the Report

-          Philips

-          Havells

-          Bajaj Electricals

-          Surya Roshni

-          NTL lemnis

-          Osram

-          Syska LED lights

-          Anchor (Panasonic)

-          Opple Lighting

-          Sewon

-          Eveready

-          Crompton Greaves

-          Wipro

-          GE lighting

-          BPL

-          Syska LED lights

-          MIC Electronics Ltd

-          Avni Energy Solutions

-          Goldwyn Ltd

-          Sujana Energy Ltd

-          Reiz Electorcontrols Ltd

-          Philips Lumileds

-          Cree Inc

-          Nichia

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Source: https://www.kenresearch.com/agriculture-food-beverages/food-industry-research-reports/india-spice-market-research-report/415-104.html