India LED market potential shares over the next 5 years over the growth of over 30%

LED prices continued to decline, coupled with government incentives, will promote the rapid growth of the India LED lighting market in 2015-2020.

At present, India LED lighting market is in its infancy, in the past 2 or 3 years has maintained steady growth. Today, the national government has introduced incentive policies to provide a huge market growth potential, especially in the next 5-10 years. We can see that more and more commercial, residential, government projects and the future of intelligent buildings are actively using LED lighting. Foreign research institutions TechSci said, India LED lighting market is expected to achieve more than 32% growth in 2015-2020.

Key factors that are expected to drive the market, including LED prices continued to decline, as well as good government initiatives, for example, to provide ultra-low subsidies LED lights, LED street lighting installation works. In addition, more and more consumers aware of the LED lamps are both energy saving and environmental protection, which is also to promote the development of India LED lighting market in the next 5 years played a crucial role.

Taking into account the rising demand for LED lighting products in India market, the major lighting manufacturers are planning to set up factories in India. At present, only Philips, Havells, Syska, Innovlite and GE and a few manufacturers in India LED lighting market operations, but in the next few years will have more manufacturers to enter the India lighting market. (compile / China LED network Flora)

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