Indian LED market is optimistic on on high adoption ratio I

<< Go Back Posted By:administrator on May 03,2015in Industry News


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.