Keywords : lighting, lighting fixture, outdoor lighting, lighting product, LED lamp
The study provides an in-depth coverage of the LED lighting market in India by product and application segments. Key trends across applications have been analysed. This study also analyses the market opportunities in India for LED lighting to an extent to provide strategic recommendations based on findings from the electronics manufacturing industry. Analysis includes identifying the key challenges, drivers and restraints for LED lighting penetra...
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The study provides an in-depth coverage of the LED lighting market in India by product and application segments. Key trends across applications have been analysed. This study also analyses the market opportunities in India for LED lighting to an extent to provide strategic recommendations based on findings from the electronics manufacturing industry. Analysis includes identifying the key challenges, drivers and restraints for LED lighting penetration, profiling the key participants, forecasting revenue growth and competitive analysis of the market.
In 2008, the global lighting market witnessed a significant slowdown in demand for LEDs and a consequent drop in LED prices owing to the global financial crisis and economic recession. In 2009, demand for LEDs increased significantly due to their applications in camera flash, automotive, lighting and mobile devices. This is expected to increase demand manifold in the global LED lighting market. As India is emerging as a key market for LED TVs and other portable consumer electronics devices, LEDs’ demand is expected to increase manifold in the coming years.
Lighting fixture and luminaire manufacturers are expected to demand greater energy efficiencies from LED-based lighting sources in 2010. Many countries have banned incandescent light bulbs owing to their low efficiency, while increasing the energy- efficiency requirements for modern lighting technologies, including LEDs. Thus, LED manufacturers are expected to invest more in increasing efficiencies for LED light sources. Furthermore, an increase in efficiency is also expected to translate into cheaper lighting expenditure. India, being a price sensitive market, will witness a significant increase in penetration, as LED lamp prices go down the price ladder.
Lighting brands are also expected to push for greater end-to-end manufacturing of LED lighting solutions. This will involve streamlining the manufacturing process by integrating LED- based light with drive electronics, optics and thermal considerations. LED luminaire manufacturers currently purchase light sources, drive electronics, and fixtures from multiple vendors or from their own vertical in-house divisions. As this adds to the cost, design complexity, and risk for lighting manufacturers, luminaire manufacturers are exploring options of designing and producing the fixture, as well as procuring the ballast and light sources which are then assembled in-house. India, which has witnessed the advent of many key international lighting brands, is expected to witness an increase in localisation of content, with many key luminaire manufacturers setting up luminaire assembly facilities in the country to achieve cost- competitiveness in the Indian market.
LED lighting is expected to witness significant penetration in commercial applications worldwide. The key driving factor is expected to be the quick ROI that LED lighting provides in lighting applications requiring a continuous operational time of over 16 hours per day. The energy savings alone account for significant cost savings. When coupled with lower maintenance costs, this offers scope for achieving an ROI in lesser than two years in commercial applications.
Furniture And Decoration Industry in India
Table of Contents
Executive Summary 11
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Industry Overview 12
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Global Industry Trends Impacting the Indian LED Lighting Market 13
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Research Methodology 15
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Key Application Areas Covered under the Study 16
Introduction 17
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Industry Definitions 18
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Industry Structure (Supply Chain/Value Chain) 19
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End-user Definition and Scope 20
Indian LED Lighting Market 21
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Market Overview 22
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Industry Challenges 23
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Market Drivers 24
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Market Restraints 26
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Revenue Forecasts 28
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Competitive Analysis 30
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Pricing Trends 31
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Effective Market Positioning Analysis of LEDs 32
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Market Share Analysis of Key Market Participants 34
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Strategic Opportunities in the LED Lighting Market 35
Indian LED Lighting Market for Indoor Applications 36
Overview 37
Revenue Forecasts 38
Penetration Potential for LEDs in Indoor Lighting Applications 39
Analysis of Key Product Trends within Indoor Lighting Applications 40
Market Share Analysis of Key Market Participants in Indoor Lighting Applications 41
Indian LED Lighting Market for Outdoor Applications 42
Overview 43
Revenue Forecasts 44
Penetration Potential for LEDs in Outdoor Lighting Applications 45
Market Share Analysis of Key Market Participants in Outdoor Lighting Applications 46
Indian LED Lighting Market for Automotive Applications 47
Overview 48
Revenue Forecasts 49
Penetration Potential for LEDs in Automotive Lighting Applications 50
Analysis of Key Product Trends within Automotive Lighting Applications 51
Market Share Analysis of Key Market Participants in Automotive Lighting Applications 52
Indian LED Lighting Market for Miscellaneous Applications 53
Overview 54
Revenue Forecasts 55
Penetration Potential for LEDs in Miscellaneous Applications 56
Market Share Analysis of Key Market Participants in Miscellaneous Lighting Applications 57
Key Market Participant Profiles 58
Philips 59
OSRAM 60
Crompton Greaves 61
Bajaj Electricals 62
Wipro Lighting 63
Havells 64
MIC Electronics 65
Goldwyn 66
About Frost & Sullivan 67
List of Figures
LED Lighting Market: Overview of Product Segments (India), 2009 22
LED Lighting Market: Overview of End-user Applications (India), 2009 22
LED Lighting Market: Market Drivers Ranked in Order of Impact (India), 2010-2015 24
LED Lighting Market: Market Restraints Ranked in Order of Impact (India), 2010-2015 26
LED Lighting Market: Revenue Forecasts (India), 2006-2015 28
LED Lighting Market: Product Segment Forecasts (India), 2009-2015 29
LED Lighting Market: Revenues and Market Shares of Key Participants (India), 2009 34
LED Lighting Market for Indoor Applications: Overview of Product Segments (India), 2009 37
LED Lighting Market for Indoor Applications: Overview of End-user Applications (India), 2009 37
LED Lighting Market for Indoor Applications: Revenue Forecasts (India), 2006-2015 38
Factors Influencing Lighting Technology Decisions in Indoor Applications 39
LED Lighting Market for Indoor Applications: Revenues and Market Shares of Key Participants (India), 2009 41
LED Lighting Market for Outdoor Applications: Overview of Product Segments (India), 2009 43
LED Lighting Market for Outdoor Applications: Overview of End-user Applications (India), 2009 43
LED Lighting Market for Outdoor Applications: Revenue Forecasts (India), 2006-2015 44
Factors Influencing Lighting Technology Decisions in Outdoor Applications 45
LED Lighting Market for Outdoor Applications: Revenues and Market Shares of Key Participants (India), 2009 46
LED Lighting Market for Automotive Applications: Overview of End-user Applications (India), 2009 48
LED Lighting Market for Automotive Applications: Revenue Forecasts (India), 2006-2015 49
Factors Influencing Lighting Technology Decisions in Automotive Lighting Applications 50
LED Lighting Market for Automotive Applications: Revenues and Market Shares of Key Participants (India), 2009 52
LED Lighting Market for Miscellaneous Applications: Overview of End-user Applications (India), 2009 54
LED Lighting Market for Miscellaneous Applications: Revenue Forecasts (India), 2006-2015 55
Factors Influencing Lighting Technology Decisions in Miscellaneous Applications 56
LED Lighting Market for Miscellaneous Applications: Revenues and Market Shares of Key Participants (India), 2009 57
LED Lighting Market: Growth Trends by Key Applications (India), 2009-2015 12
LED Lighting Market: Supply Chain and Distribution Structure (India), 2009 19
LED Lighting Market: Market Segmentation by Product (India), 2009 22
LED Lighting Market: Market Segmentation by End-user Applications (India), 2009 22
LED Lighting Market: Industry Challenges (India), 2010-2015 23
LED Lighting Market: Revenue Forecasts (India), 2006-2015 28
LED Lighting Market: Product Segment Forecasts (India), 2009-2015 29
LED Lighting Market: Competitive Analysis (India), 2009 30
LED Lighting Market: LED Lighting Products Price Trends (India), 2009-2015 31
LED Lighting Market: Market Share Analysis (India), 2009 34
Growth Trends for LED Lighting in Key End-user Applications 35
LED Lighting Market for Indoor Applications: Market Segmentation by Product (India), 2009 37
LED Lighting Market for Indoor Applications: Market Segmentation by End-user Applications (India), 2009 37
LED Lighting Market for Indoor Applications: Revenue Forecasts (India), 2006-2015 38
LED Lighting Market for Indoor Applications: Lighting Technology Penetration Applications (India), 2009 39
LED Lighting Market for Indoor Applications: Market Share Analysis (India), 2009 41
LED Lighting Market for Outdoor Applications: Market Segmentation by Products (India), 2009 43
LED Lighting Market for Outdoor Applications: Market Segmentation by End-user Applications (India), 2009 43
LED Lighting Market for Outdoor Applications: Revenue Forecasts (India), 2006-2015 44
LED Lighting Market for Outdoor Applications: Lighting Technology Penetration (India), 2009 45
LED Lighting Market for Outdoor Lighting Applications: Market Share Analysis (India), 2009 46
LED Lighting Market for Automotive Applications: Market Segmentation by End-user Applications (India), 2009 48
LED Lighting Market for Automotive Applications: Revenue Forecasts (India), 2006-2015 49
LED Lighting Market for Automotive Applications: Lighting Technology Penetration (India), 2009 50
LED Lighting Market for Automotive Lighting Applications: Market Share Analysis (India), 2009 52
LED Lighting Market for Miscellaneous Applications: Market Segmentation by End-user Applications (India), 2009 54
LED Lighting Market for Miscellaneous Applications: Revenue Forecasts (India), 2006-2015 55
LED Lighting Market for Miscellaneous Applications: Lighting Technology Penetration in Miscellaneous Applications (India), 2009 56
LED Lighting Market for Miscellaneous Applications: Market Share Analysis (India), 2009 57