7 billion 600 million big cake to be captured, India LED lighting market opportunities!

With the India government plans to build India into the East Asia and the Gulf lighting products export hub, OSRAM, Toshiba and other international manufacturers have been in India as a global market production base, so India LED lighting market of domestic and external demand is huge, the next two or three years will be rapid growth in market size. LED lighting market is expected to reach $1 billion 715 million in 2020.

India LED market supply chain

India LED lighting market in the early stage of growth, the domestic supply chain is not complete, although India has a certain number of assembly, design and manufacture of LED lighting company, but the LED chip and the LED package all rely on imports, some of the larger LED lighting companies even directly from China import products or buy semi-finished products from Chinese after assembled; small businesses are more dependent on imports. The next two years, although the India government will continue to encourage domestic manufacturing, lighting products over reliance on imports will improve, but the upper and middle reaches of the industry chain is difficult to change the situation in a short time.

Introduction and analysis of major lighting manufacturers

Philips and OSRAM are international companies set up R & D center in India or India LED manufacturing plant, not only optimistic about the market prospects, will India factory as a global market production base, local manufacturers in addition to Havells, Surya manufacturers have their own manufacturing plants, other manufacturers are mainly imported products from China etc..

Has a mature technology and products of international manufacturers in India market share far more than the local manufacturers, but now India government vigorously support the local enterprises, government procurement will provide 5 number for the LED lighting products manufacturers, the future domestic manufacturers market share will be improved.

Standard Specification for India LED lighting market and products

The development of LED industry in India by the India government support, the government promulgated a series of policies to support the development of the whole industry from various aspects, of which the core is the India state street plan (SLNP) and India efficient lighting plan (DELP), the two project of the government engineering standard also covers the current market size local 1/3.

In order to promote the popularity of LED lighting products, the government of India prices down product in the official standard case, but also continuously improve the requirements for LED product specifications, but at the same time, the profit space is very limited, for manufacturers, business opportunities and challenges.

At the same time to improve the quality of products, the government of India for the implementation of a number of product standards, selling all need to have BIS certification of lighting products to enter the market in India, and since 2017, the government mandated the manufacturer marked energy efficiency labeling on LED products, the whole lamp efficiency to reach at least 90lm/W.

India lighting market channel analysis

There are four main channels of India lighting market: engineering projects, lighting market, retail outlets, as well as electronic business platform, the project accounted for the largest share of the India LED lighting channels, more than 35%. The main reason is that the government of India actively promote the replacement of lamps. Lighting market in the sale of LED lighting products also occupy a larger proportion.

In addition, each district in the family run local small grocery store has become an important channel for lighting products sales, accounting for 23% of the market share. From the electricity supplier channels, the development of e-commerce market in India is still relatively fragmented, so the proportion is not high.

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