SPOTLIGHT ON INDIAN ELECTRONICS Spotlight on Indian Electronics | Page 241

India Lighting Source Market Forecast and Opportunities

2018

HIGH PRIORITY MARKET

Key Players in India

Bajaj Electricals LImited Rustomjee Aspiree, 6th Floor, Bhanu Shankar Yagnik Marg, Sion East, Mumbai – 400002, T: 022-24064000, F: 022-2406-4003 W: bajajelectricals. com Shekhar Bajaj
Fiem Industries Limited D-34, D S I D C Packaging Complex, Kirti Nagar, Kirti Nagar, New Delhi- 110015 T: + 91-11-25927820 / 25927820, E: fiemunit7 @ fiemindustries. com W: fiemindustries. com
GE India DLF Cyber Green, Gurgaon T: + 91-124 480 8000 E: kim _ freeman @ ge. com; W: ge. com
Havells India Limited QRG Towers, 2D, Sec- 126, Express way, Noida- 201304 UP T: + 91-120-3331000 E: marketing @ havells. com; W: havells. com
HPL electric and Power Pvt. Ltd. 1 / 21, Asaf Ali Road, New Delhi- 110 002 T: + 91-11-23234411 E: hpl @ hplindia. com, gsm @ hplindia. com W: hplindia. com
OSRAM India Private Limited 11th Floor, Signature Towers, Tower B, South City-1, Gurgaon- 122001, Haryana, India T: + 91 124 415 01 00; F: + 91 124 408 15 77 W: osram. asia
NTL lemnis india pvt ltd NTL Lemnis India Pvt. Ltd. A-111, Sector-65, Noida- 201301, Uttar Pradesh, India T: + 91-0120-400 8888 E: pramod. mehta @ ntl-lemnis. com W: ntl-lemnis. com Philips India Limited K. K House, Plot Number B-35 / 1, Industrial Estate, Sanathnagar, Hyderabad-500018 T: 1-800-419-6788 E: call. ccc @ phillips. com W: philips. co. in
Surya Roshini Limited Padma Tower-1, Rajendra Place, New Delhi – 110008( India) T: + 91-11-25810093-96 E: consumercare @ sroshni. com W: surya. co. in
SSK Group( Syska LED) Plot No. 89, 90, 91, Lane No. 4, Sr. No. 232 / 1 / 2, Sakore Nagar, Off Airport Road, Lohegaon, Pune – 411014, Maharashtra T: 020 4013 1000 W: syskaledlights. com
The construction activities aimed at
greaves, Wipro and Bajaj Electricals.
improving the infrastructure and real
Philips is the market leader accounting
estate sectors are increasing rapidly. This
for a majority share.
is directly contributing to the demand for
According to“ India Lighting Source
lighting source across the country. In
Market Forecast & Opportunities, 2018”,
addition, the growing automotive market
the market for lighting sources is likely to
and increasing penetration of high end
be benefitted by the phase out of
lighting products are also contributing to
incandescent bulbs under the“ Bachat
the industry growth. The market for
Lamp Yojna” carried out by Bureau of
lighting sources can be divided on the
Energy Efficiency; Ministry of Power as
basis of its technology. Traditional
the phase out will drive the growth for
technology includes Incandescent lamps,
LEDs and CFLs. The market for lighting
Fluorescent lamp tubes, Compact
sources in India is expected to grow at a
fluorescent lamps and special lamps,
CAGR of 28 % over the next five years.
whereas, modern lighting source
The low penetration of LEDs in India
technologies include LEDs. Even though
holds ample opportunities for the
the market is dominated by incandescent
manufacturers to tap this nascent
lamps, its share in the lighting source
market. With growing number of
industry is likely to reduce in the near
households in India along with increasing
future as a result of increasing awareness
income, the market for lighting source is
regarding more energy efficient
poised for growth. The average prices of
alternatives such as CFLs. The Indian
LEDs are expected to decline which will
lighting source market is dominated by
boost its market share over the coming
brands like Philips, Surya, Crompton
years
India Lighting Source Market is set to grow at 28 % CAGR till 2018
Increasing infrastructure investment,
growth of over 10 % over the last five
rising disposable income coupled with
years. There is also an influx of new
urbanization and awareness for energy
residential and commercial infrastructure
efficiency will drive the lighting source
projects across Tier I and Tier II cities.
market in India
These trends are fuelling the growth of
The growing construction, automotive
lighting industry i. e. lighting source and
and infrastructure industries in India
lighting fixtures.
have been identified as the key growth
The report also reveals some very critical
contributors to the lighting source
info on the lighting source market in
market. According to the recently
India. It mentions that within the lighting
published TechSci Research report‘ India
source market, incandescent bulbs
Lighting Source Market Forecast and
dominate the market because of its high
Opportunities, 2018’, the lighting source
penetration in rural areas along with easy
market in India is expected to grow at
and low price availability. Even though
the CAGR of 28 % during 2013-2018.
the government is increasing its efforts
According to the report the major players
aimed at promoting the usage of CFLs
operating in the Indian lighting source
( Compact Fluorescent Lamp), the
market include Philips Lighting India,
penetration of incandescent bulbs in
Surya Roshni, Crompton Greaves, Bajaj
India continues to remain high.
Electrical and Wipro. It adds that most of
‘ India Lighting Source Market Forecast &
the traditional lighting sources are being
Opportunities, 2018’ report also
manufactured in India. The import of
highlights the growing significance of
lighting sources is impacted by the Anti-
energy efficient lighting. As a result of
Dumping Duty which restraints the
increasing focus towards energy
imports of lighting sources in India.
efficiency, the lighting source
Analysing the trends, the TechSci
manufacturers are emphasizing on
Research report mentions that the
energy efficient lighting. According to the
electricity demand has surged over the
report, the sales of LEDs( Light Emitting
past few years as a result of rapid
Diode) are expected to grow at a faster
industrialization and urbanization in
rate than all the other traditional lighting
India. Also, the real estate and
sources.
infrastructure sectors have witnessed
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