In the wake of deepening energy crisis and depleting fossil fuel reserves, energy conservation has now gained paramount importance. It is now widely acknowledged that power conservation is more economical than generation. The Government introduced several schemes to promote energy efficient systems, to be implemented across public spaces and households in a phased manner. Light emitting diode (LED) lightings are expected to replace legacy lighting in virtually all lighting applications in the coming years.
LED products are now gradually penetrating rural areas backed by Government schemes to create awareness as well as subsidy programmes. The proportion of LED lightings in the overall lightings market in India is set to increase in the coming years.
The market for LED lightings was estimated at INR 40 billion in 2014 and is expected to witness an annual growth rate of around 30% going forward.
LED Lighting: Key Advantages
Source: Secondary research
Southern states comprising Kerala, Karnataka and Tamil Nadu are the fast growing markets for LED products driven by Government projects. Gujarat and Goa are the other noted states which are witnessing greater acceptance of energy conserving LED lights.
Government Initiatives
Government of India has recently launched a national programme for LED-based Home and Street Lighting. The programme includes distribution of LED lighting under the Domestic Efficient Lighting Programme (DELP).
Energy Efficiency Services Limited, a joint venture of PSUs of Ministry of Power, Government of India, is the authorized Government agency to implement the DELP programme and has also been allocated INR 100 billion to supply 27.5 million LED lights for street lighting over the next two to three years.
Key Players
Havells India Ltd., Bajaj Electricals Ltd., FiemIndustries Ltd., Crompton Greaves, NTL Lemnis India Pvt. Ltd., Syska Group, Reiz Electro Controls Pvt. Ltd., MIC Electronics Ltd., Innovlite India Pvt. Ltd., Surya Roshini Ltd., are some of the well-known Indian players.
Philips Electronics India Ltd. (Netherlands), GE Lighting (USA), OSRAM (Germany), are some of the known foreign companies who have strong presence in the India LED lightings market.
Other prominent names include Sanarti Group, Goldwyn Ltd., Laaj Lighting, Eco Lite Technologies, 3S International, Amptek LED Lighting, Promptec, BinayOpto Electronics, Care-U Power Solutions and Instapower.
In the wake of deepening energy crisis and depleting fossil fuel reserves, energy conservation has now gained paramount importance. It is now widely acknowledged that power conservation is more economical than generation. The Government introduced several schemes to promote energy efficient systems, to be implemented across public spaces and households in a phased manner. Light emitting diode (LED) lightings are expected to replace legacy lighting in virtually all lighting applications in the coming years.
LED products are now gradually penetrating rural areas backed by Government schemes to create awareness as well as subsidy programmes. The proportion of LED lightings in the overall lightings market in India is set to increase in the coming years.
The market for LED lightings was estimated at INR 40 billion in 2014 and is expected to witness an annual growth rate of around 30% going forward.
LED Lighting: Key Advantages
Source: Secondary research
Southern states comprising Kerala, Karnataka and Tamil Nadu are the fast growing markets for LED products driven by Government projects. Gujarat and Goa are the other noted states which are witnessing greater acceptance of energy conserving LED lights.
Government Initiatives
Government of India has recently launched a national programme for LED-based Home and Street Lighting. The programme includes distribution of LED lighting under the Domestic Efficient Lighting Programme (DELP).
Energy Efficiency Services Limited, a joint venture of PSUs of Ministry of Power, Government of India, is the authorized Government agency to implement the DELP programme and has also been allocated INR 100 billion to supply 27.5 million LED lights for street lighting over the next two to three years.
Key Players
Havells India Ltd., Bajaj Electricals Ltd., FiemIndustries Ltd., Crompton Greaves, NTL Lemnis India Pvt. Ltd., Syska Group, Reiz Electro Controls Pvt. Ltd., MIC Electronics Ltd., Innovlite India Pvt. Ltd., Surya Roshini Ltd., are some of the well-known Indian players.
Philips Electronics India Ltd. (Netherlands), GE Lighting (USA), OSRAM (Germany), are some of the known foreign companies who have strong presence in the India LED lightings market.
Other prominent names include Sanarti Group, Goldwyn Ltd., Laaj Lighting, Eco Lite Technologies, 3S International, Amptek LED Lighting, Promptec, BinayOpto Electronics, Care-U Power Solutions and Instapower.