DUBLIN--(BUSINESS WIRE)--Research and Markets has announced the addition of the "India Light Emitting Diodes (LEDs) Market - Drivers, Opportunities, Trends, & Forecasts: 2015-2022" report to their offering.
LEDs market in India is expected to grow at a CAGR of 32% during the forecast period to reach $3.4 billion by 2022.
Lighting segment is expected to contribute the largest contribution towards the growth whereas the highest growth is expected from mobile devices segment which is expected to be benefited by technological development, decreasing LEDs price and increasing disposable income of Indian consumers.
The emerging technologies have been changing the lighting industry over the past decades, which covers the movement from halogen lamps to incandescent bulbs to Light Emitting Diodes (LEDs). The developing economies which have been lagging behind the developed economies in terms of technological acceptance level are now being considered among the target markets for new product launches.
Indian lighting market has been witnessing a shift from traditional light sources to non-conventional products such as LEDs. Although, the product manufacturing companies still have to rely heavily on imports for LEDs supply, yet the market is witnessing high growth owing to government support in terms of favorable import policies and subsidies in the consumer segment. A similar trend has also been witnessed in other LEDs product markets as well where LED displays are replacing the traditional displays and LED sign boards are replacing conventional boards changing the ways the marketing is being done.
- Kwality Photonics Pvt Ltd
- Bag Electronics India Pvt Ltd
- Havells India Limited
- Laxman Energy Products Limited
- Syska Led Lights Pvt Ltd
- Osram India Pvt Ltd
Key Topics Covered:
2 Executive Summary
3 Market Overview
4 India LED Market Analysis
5 Supply Analysis, by Key Players
6 Supplier Profiles
For more information about this report visit http://www.researchandmarkets.com/research/q36frc/india_light