Indian LED market to hit 32.15% CAGR in 2021 - Energy Watch News

Indian LED market to hit 32.15% CAGR in 2021

LED Lighting market is growing with a whopping CAGR of 57.31% over last five years. According to “India LED Lighting Market Outlook 2021”, India’s LED Lighting market is forecast to grow at a CAGR of 32.15% over six years. LED Lighting, which accounts for 19% share in the current overall Lighting market, is anticipated to reach 62% by the year 2021. The report reveals that Philips, Surya Roshni, Osram, Bajaj, Havells, etc. are the leading players in India Lighting market and are expected to dominate the market in the forecast period also.

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