Dublin, June 19, 2017 (GLOBE NEWSWIRE) -- Research and Markets has announced the addition of the "India LED Lighting Market (2017-2023) Forecast by Types, Wattage, Applications, End Users, Regions and Competitive Landscape" report to their offering.
India LED Lighting market is projected to grow at a CAGR of 26.6% during 2017-2023.
LED lights are becoming the major source of energy efficient lighting in India. Though, prices of LED lights are higher than incandescent or CFL bulbs, but LED bulbs are becoming the part of mainstream of the market owing to government initiatives and increasing public awareness about benefits of using LED lights.
The Government of India launched an initiative in 2016 to replace conventional lights by LED lights by deploying 770 million bulbs and 35 million street lights by 2019. Further, under DeenDayal Upadhyaya Gram Jyoti Yojana (DDUGJY), 273 lakhs LED bulbs have to be distributed to BPL households. Additionally, prices of LED lights are also expected to decline in the coming years, which would drive the growth of the market over the next six years.
The northern region accounted for the largest revenue share in the country in the year 2015-16, followed by Southern region. The LED street lights installations are maximum in Southern region followed by Andhra Pradesh. Government of India distributed LED bulbs under the UJALA' scheme with maximum number of bulbs distributed in Gujarat.
The report thoroughly covers the LED lighting market by types, applications, wattage, end users and regions. The report provides the unbiased and detailed analysis of the on-going trends, opportunities high growth areas, market drivers which would help the stakeholders to device and align their market strategies according to the current and future market dynamics.
The report provides the detailed analysis of the following market segments:
By End Users:
Key Topics Covered:
1. Executive Summary
3. Global LED Lighting Market Overview
4. India Lighting Market Overview
5. India LED Lighting Market Overview
6. India LED Lighting Market Dynamics
7. India LED Lighting Market Trends
8. India LED Lamps Market Overview
9. India LED Luminaire Lighting Market Overview
10. India LED Lighting Market Overview, By Wattage
11. India LED Lighting Market Overview, By Applications
12. India LED Lighting Market Overview, By End User
13. India LED Lighting Market Overview, By Regions
14. India LED Lighting Market Demand Supply Gap
15. Competitive Landscape
16. Company Profiles
For more information about this report visit https://www.researchandmarkets.com/research/vfnwkk/india_led
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