ElectroniCast Consultants, a leading market research consultancy serving the photonics industry, provides a 5-year market forecast of the consumption of light emitting diode (LED) lamps in solid-state lighting (SSL) General Lighting applications in India.
According to ElectroniCast, the consumption value of LED lamps, which are used in stationary (non-vehicle) lighting is forecast to reach $390.53 million in 2015. The consumption value will increase with extremely strong rising quantity growth partially offset by declining average prices.
“The Indian government is providing incentives to the country’s emerging energy-efficiency industry, including LED lighting. Also, the government is reducing excise duty and thereby eventually making LED a cost cost-effective lighting option,” said Stephen Montgomery, president of International Business.
The ElectroniCast market forecast of consumption is presented for five major lamp-type categories. The lamp categories, in turn, may have multiple sub-categories, which are determined by lamp luminous flux and/or the physical size of the lamp. The market forecast is also segmented by three major End-User categories: Government; Commercial/Industrial; and Residential/Non-Specific
The Commercial/ Industrial group is especially strong in the General Service lamps and PAR lamps; however, MR compatible lamps are forecast to begin replacing halogen-based MR lamps in many retail-type settings (displays and ceiling lighting), thus MR compatible lamps are forecast with an average annual growth rate of 74.5 percent in the Commercial/ Industrial application. The Commercial/ Industrial group’s use of streetlight type of flood/exterior lighting used in parking lots, campus and landscaping is forecast to maintain a consumption value, especially with the lamp’s high average selling price compared to other-types of lamps.
Residential is forecast with relative strong use in the General Service lamp types; however MR compatible are also forecast with a strong market share, used in modern ceiling lighting and fixtures. Government-controlled Street Lighting is forecast to dominate the Government user segment in terms of consumption value. Overall, the LED-based Linear (tube) lamp category, which offers an alternative to the standard fluorescent tube lamps, is forecast to remain relatively minor, at least near-term.
This market forecast report is available immediately from ElectroniCast Consultants (fee $4,200).
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