Indian LED Lighting Market Expected to Grow at a CAGR of Over 32% During 2015-2020 - Energy Watch News


Indian LED Lighting Market Expected to Grow at a CAGR of Over 32% During 2015-2020

With relatively low LED light penetration and huge untapped opportunity, India has become an attractive market for both domestic as well as international LED players. The market has witnessed a phenomenal growth over the past five years and the trend is expected to continue over the next five years. Government initiatives are playing an extremely vital role in increasing LED adoption across the country. Recently, the newly formed government announced a scheme to provide LED lights at subsidized cost to the consumers. Presently, Philips continues to dominate the country’s LED market, followed by Havells, Syska, Innovlite and GE. For more information click on: http://www.researchandmarkets.com/publication/mr7ec8q/india_led_lighting_market

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