India’s lighting sector has enjoyed accelerated development recently. The scale of the country’s LED lighting market in particular is projected to expand 47.1% year on year in 2016 to US$1.14 billion, according to the 2016 Indian Lighting Market Report by LEDinside, a division of TrendForce. The government of India intends to turn itself into hub of lighting products across East Asia and countries along the coast. International firms include Osram and Toshiba have taken India as their manufacturing base of global market. India’s domestic and foreign LED lighting demands are both high. It’s expected that the market will see explosive growth over the next two to three years. By 2020, the Indian LED lighting market is forecast to grow to US$1.715 billion. In the current LED industry, although China market is a big cake, developing new markets is still necessary, due to overcapacity and price competition. As a market with great potential, India attracts international enterprise to take it as the next manufacturing base. Aside from low tariff policies based on the Preferred Market Access Policy, other advantages of Indian market also attract investors.
The India LED lighting market is still in its early phase, with opportunities include growing internal demand, promotion of Make in India, zero tariff in Indian market, lighting manufacturers see business potential in Indian lighting market. Meanwhile, product specification improvement can be seen in the market. Moreover, diverse and unique market channels, and differences between the environments of each segment in the lighting industry should be considered carefully when entering the market.
Basic Products with High Cost Performance is Preferred in the Market
Bulb: Divided by light efficacy, products in Indian light bulb market can be divided into two main categories in terms of specifications, including 200lm to 950lm and 1,200lm to 1,800lm with prices separately range from USD 2 to USD 6 and USD 4.5 to USD 10. Indian market tends to use B22 bayonet holders. India-based manufacturers provide LED bulb at 100lm/W. Aside from taking into account varied lumen per watt performance, products with high performance-price ratio is also an advantage of entering the market.
Streetlight: The main specifications of Indian streetlight market mainly have products that deliver 100lm/W at a range of color temperature from 4,000K to 6,500K, 70 CRI and IP 65 and above. Local manufacturers mainly provide LED streetlights with wide voltage range at 90W and below. To better expand the market presence of products, manufacturers should cater to demand by tailoring streetlights for tenders and biddings.
Engineering Project and Luminaire Market are the Major Lighting Distribution ChannelsChoosing proper distribution channels is also a key factor when entering the market. Among major India lighting distribution channels, engineering project accounts for the greatest share, which results from Indian government’s LED lighting replacement. In addition, luminaire market accounts for a greater percentage in LED lighting product sales. The distribution channel covers complete product types while providing varied brands at broad price range. Over the past few years, more and more Chinese lighting products can be found in Indian light market.
Choosing proper distribution channels is also a key factor when entering the market. Among major India lighting distribution channels, engineering project accounts for the greatest share, which results from Indian government’s LED lighting replacement. In addition, luminaire market accounts for a greater percentage in LED lighting product sales. The distribution channel covers complete product types while providing varied brands at broad price range. Over the past few years, more and more Chinese lighting products can be found in Indian light market
More News & Info:
Which Country Has the Best LED Policy?
The Smallest EDC LED Flashlights for City Travelers
