By February 28, 2015 0 Comments Read More →

200 Billion by 2019: The hoped-for future of LED Industry in India

A report illustrates,”LED Industry in India will cross Rs. 200 bn in terms of revenue by the year 2019 because of rising awareness about the multi-usage of LED lights and its dropping prices. The development is mainly arisen from the continuous initiatives taken by government and falling prices”.

With major players like Philips, Havells,TCL, Bajaj, Syska LED lights, Ecova, LED market in India has grown at a CAGR of 56.1% in terms of revenue generated from FY’2009-FY’2014.

Ken Research says, ‘A boost in the investment activity, advanced technologies and increasing personal disposable income will result in the growth of LED Market. In addition, lack of LED fabrication facilities and low-budget imports from China act as hindrances in the Indian LED market.’

LED is one of the most driving industries and plays a crucial role in the lighting business sector in India.

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