The Effect of LED Growth on the CFL Market in India

Dec 2012: Despite being one of the oldest industries of the modern world, the lighting industry is still evolving with the introduction of new, energy efficient and environmentally friendly technologies and products. This white paper, commissioned by BAG Electronics, discusses how new technology is impacting the industry, with the latest in the world of lighting finding its way into the Indian market, led by LEDs.

 

The report presents how this market will shape up in the years going forward, with a focus on the effect of LEDs on the current dominant technology viz. CFLs.

Key findings of this white paper include:

 

  • The growth of LEDs has been exponential in the past two years, and is expected to grow at a CAGR of ~45% till 2015
  • CFLs will continue to gain market share in the short run as incandescent lamps are being phased out. Besides the cost conscious Indian customer will still take a while to switch to LEDs
  • The biggest shift in the end-user segment will be seen in government spending, as aggressive initiatives are being taken by them, particularly to replace traditional street lighting
  • India’s southern and western regions will dominate the future demand for LEDs due to high customer awareness of energy efficiency, and the development of industrial regions

 


To download a complimentary copy of the white paper, please follow this link

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