Oct 14 2010
Research and Markets has published a new report of Frost & Sullivan, titled ‘Indian LED Lighting Market’. The report offers a comprehensive analysis of Indian LED lighting market, based on application and product segments.
LED Lighting
The study discusses the key trends in various LED lighting applications and market opportunities for LED lighting in the country. The report also studies different applications, including automotive, indoor, and outdoor lighting. The technologies covered in the report are high intensity discharge (HID), fluorescent, and incandescent.
According to the report, LED lighting is showing its impact in the Indian lighting market in the past few years, by replacing traditional technologies, including fluorescent, HID, and incandescent lighting. The Government of India has selected LEDs for deployment in architectural lighting for national monuments, and in street lighting for major cities.
The Bureau of Energy Efficiency (BEE), and the Ministry for Renewable Energy (MNRE) have made several efforts, including solar LED lantern distribution in villages for promoting energy saving lighting. Outdoor and street lighting applications offer a wide range of prospects for LED lighting.
The report identifies the key restraints, drivers and challenges for the penetration of LED lighting. The study also profiles the major market players, and provides the competitive analysis and revenue growth forecasts of the market.