India LED lighting market in 2021 will reach $ 2.2 billion

       According to market analyst firm 6Wresearch report, India LED lighting market is expected in 2021 will reach $ 2.2 billion.

 

LED lighting market in India is still in the early stages of growth, but the government initiatives to promote the release of the application of LED lights and domestic manufacturing, prices are expected to decline further, so as to drive market growth.

 

Due to an increasing number of supply and demand gap, the need to save electricity, in 2015, the Indian government announced subsidies for LED bulbs to drive purchase. In the next few years is expected to increase the demand for LED bulbs,

 

Several LED street lighting pilot projects are underway or planned stages, the traditional street lights will be replaced by LED bulbs. Railway, industrial, automotive and other indoor applications are also becoming critical applications in the country.

 

India, Chandigarh, Delhi, West Bengal, Maharashtra, Andhra Pradesh, Gujarat, Uttrakhand and Punjab states and other places have already taken positive measures.

 

In India, a major importer of LED from China and other countries and Taiwan, due to increased demand, government policies and initiatives will facilitate its domestic production. India is a major supplier of Philips, Syska, Havells, GE and Osram.