Monday, April 21, 2014: Keeping in mind the significant potential of the light emitting diode (LED) market in India, Electronics Bazaar magazine, an Electronics For You Group publication, and South Asia’s No. 1 B2B sourcing magazine, has dedicated a new segment to LEDs and LED lighting, called LED BAZAAR. This segment has been introduced with the objective to drive growth of LED business in India by sharing important information like the potential application areas, potential market segments, current trends, latest technology, products in demand, government policies and guidelines, standards, etc.
LED market in India is growing significantly with the increased interest in energy efficient lighting technology, to reduce energy bills, and to get green building status. According to a Frost & Sullivan report, the LED lighting market in India registered a revenue of more than US$ 142.8 million in 2012 and estimates this to reach US$ 1,278.6 million in 2018.
The government sector is not only the single largest user of LED lights in India today, but is also significantly leading the awareness campaign among the users, taking it even to rural areas. Besides large scale street lighting projects, increasing usage of LED lights at railway stations have contributed to the government sector being the single largest user, triggering the growth.
The commercial sector in India is the second largest user of LED lights, followed by the industrial and automotive segments. Hospitality and retail sector, street lighting applications within factories, special economic zones and information technology parks are key contributors to the commercial and industrial segments, says a Frost & Sullivan report.
With the government’s increased focus on setting up LED standards, the share of the unorganised sector is also expected to diminish by 2025.
