India faces issues like energy sustainability, energy deficiency, lack of electricity in rural areas, which lead to the demand for energy conserving lighting technologies and the development of alternate technologies. Light emitting diode (LED) has gained considerable significance in the Indian lighting sector.
Frost & Sullivan Research states that in India, the LED lighting market used to be US$ 73.3M in 2010 and will progress at a CAGR of 45.53% till the year, 2015. In future, this market will expand significantly and the growth is accredited to the railway sector and street light applications that characterize 60% of the overall demand in 2012.
Frost & Sullivan is certain about the growth of LED lighting, replacing customary lighting solutions in future but its market entry is based on cost-effectiveness, support from the Government, standardization, and awareness. Frost & Sullivan’s Automation & Electronics Practice in collaboration with Semiconductor Equipment and Materials International (SEMI), conducted its 2nd Annual Executive Congress on LED Lighting based on the challenges that LED producers and customers come across, like installing LED lights require more complex designs, covering thermal, optical and electronic domains.
The Indian Lighting Market is affected by brand image and price benefit. LEDs are significantly employed for LEED certified constructions in India. The BEE functions with lighting associations to develop standards for various lighting applications. Star rating labels for luminaires and lamps are being made compulsory. Government support for green technologies and its implementation in essential applications like street lighting facilitates LED lighting to progress in the Indian lighting industry.