The Indian LED industry is optimistic on growth prospects on back of high adoption ratio from consumers. The industry is expecting tremendous growth in the coming 5 years as demand for commercial use of LEDs is increasing.
The current monthly output of LEDs across India is nearly 5 million pcs. The current market size of LED lights business is around Rs 2,500 crore across India and this is expected to increase at 45% over 2015-2016.
There is a strong push towards sustainable solutions in lighting especially in India. The lighting industry is expecting healthy growth in LED segment in 2015-2016 on back of this push towards adoption of sustainable lighting solutions.