India LED Lighting Market Outlook to 2019 - Next Wave of Growth Driven by Government Initiatives

India LED Lighting Market Outlook to 2019 - Next Wave of Growth Driven by Government Initiatives


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Executive Summary

The report titled “India LED Lighting Market Outlook to 2019 – Next Wave of Growth Driven by Government Initiatives” provides a comprehensive analysis of the various aspects such as market size of India LED lighting industry by revenue generated and production volume and market segmentation by lamps, bulbs, luminiaries, organized and unorganized and by utility. The report also covers the market shares of major players in LED industry in India, apart from the export import scenario in the market and statistics on pricing mechanism, future outlook and cost components of LED lights.

The LED market has emerged as one of the fastest growing industries in India. This industry has been majorly driven by factors such as falling prices of LED lights, increasing initiatives taken by the government and rising concerns with respect to energy conservation. LED market in India, which is hugely driven by increasing government initiatives, generated revenue to the tune of INR ~ million in FY’2014. The revenue generated by LED market in India has displayed a CAGR of 56.1% over the past 5 years.

The market has evolved over the years, with South India and North India driving growth. However, low awareness with respect to LED lights continues to deter consumers from using LED lights. 

The major players in the LED industry are Philips, Osram, Bajaj, Havells and Syska LED lights among others. Philips held the largest share in terms of revenue generated in FY’2014 and held a market share of ~% in FY’2014. Philips was followed by Havells with a market share of ~%. Syska LED lights was the third largest contributor to revenue with a market share of ~%.

A number of facilities for manufacturing and assembling LED lights have sprung up in India over the past few years. A number of LED exhibitions have also been held in the country ever since the advent of LED lights. The government is also playing an important role in increasing LED penetration in the country with new initiatives such as Domestic Efficient Lighting Programme (DELP).

The LED market is at a nascent stage in India, primarily due to low awareness regarding benefits of LED lights in the country. India has immense potential in the LED industry which is evident from the fact that the market has displayed a CAGR of 56.1%. The market is expected to grow to INR ~ million in terms of revenue by FY’2019, largely backed by huge consumption volumes on part of the government sector. 

Key Topics Covered in the Report:

  • The market size of India LED market by revenue generated and production volume
  • Market segmentation of the LED industry on the basis of types of products, organized and unorganized players, import and domestic production volume, end users and different regions
  • Cost Components, Pricing Mechanism
  • Import and Export Scenario in India – Volume, Value, Import and Export Duty, Destinations
  • LED Driver Market Revenue and Production
  • Pre-requisites to setup a LED Lighting plant and Entry Barriers
  • Government Regulations and Initiative in India LED market
  • Trends and Development in the Indian LED industry
  • Market share of major players in the LED market
  • Competitive landscape and detailed company profiles of the major players in India LED market.
  • Mergers and Acquisitions in India LED industry
  • Future outlook and projections of the Indian LED market
  • Macro-economic factors affecting the market


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TABLE OF CONTENTS

 

1. Global LED lighting Market Introduction

Japan

China

Taiwan

Korea

The US

Europe

2. India LED Lighting Market Introduction

2.1. Comparative Analysis of India and China LED Market

Chinese LED market

Indian LED market

2.2. Comparative Analysis LED and CFL Markets- The Effect of LED Growth on the CFL Market in India

3. Pricing Mechanism of LED Lights in India

3.1. Prices of LED Lighting Products in India

3.2. Return on Investment for Consumers of LED Lighting in India

4. Latest Technologies and Products in India LED Lighting Market

Latest Products in Retail Sector

Latest Products in Commercial Sector

Latest Products in Street Lighting

Latest Products in Industrial Sector

Organic LEDs

LED Flexi lights

5. Value Chain Analysis of India LED Lighting Industry

6. India LED Lighting Market Size

6.1. By Revenue, FY'2009-FY'2014

6.2. By Volume, FY'2010-FY'2014

7. India LED Lighting Market Segmentation

7.1. By Products (Lamps and Luminaires), FY'2012-FY'2014

7.2. By Different Regions (West, North, South and East Regions), FY'2014

7.3. By Organized and Unorganized Market, FY'2012-FY'2014

7.4. By End Users, FY'2014

7.5. By Import and Domestic Production Volume, FY'2010-FY'2014

8. India LED Lighting Market External Trade, FY'2010-FY'2014

8.1. Import Value, FY'2010-FY'2014

8.2. Import Duty Structure for LED lights in India

8.3. Export Value, FY'2010-FY'2014

8.4. Major Import Destinations, FY'2010 - FY'2014

Imports of LED lights from China

Imports of LED lights from Malaysia

Import of LED lights from Japan

Import of LED lights from Taiwan

Import of LED lights from Singapore

9. Pre Requisites for Entry to the Indian LED Lighting Market

9.1. Product Segmentation

LEDs for Outdoor Applications

LEDs for Indoor Applications

9.2. Cost

9.3. Customer Service Expectation

Zero Maintenance Costs

Lower Prices

Faster Return on Investment

Warranty

10. Competitive Landscape of New Entrants in India LED Lighting Market

11. Cost Components of LED Bulbs/Lamps

12. Market Share of Major Players in India LED Lighting Market, FY'2014

13. Competitive Analysis of Major Players in India LED Lighting Market

13.1. Shortcomings of Players in India LED Lighting Market

Glitches in Functionality of LED lights

Hindrances in Production of LED chips

Lack of Skilled Workforce

Erratic Power Supply and Lack of Suitable Locations

13.2. Potential Target Markets for Players in India LED Lighting Market

Opportunities in Government Sector

Opportunities in Commercial Sector

Opportunities in Residential Sector

14. Company Profiles of Major Players in India LED Lighting Market

14.1. Phillips

14.1.1. Business Overview

14.1.2. Financial Performance

14.1.3. Business Strategies

14.2. Havells

14.2.1. Business Overview

14.2.2. Financial Performance

14.2.3. Business Strategies

14.3. NTL Lemnis

14.3.1. Business Overview

14.3.2. Financial Performance

14.3.3. Business Strategies

14.4. Bajaj Electricals

14.4.1. Business Overview

14.4.2. Financial Performance

14.4.3. Business Strategies

14.5. Surya Roshni Limited

14.5.1. Business Overview

14.5.2. Financial Performance

14.5.3. Business Strategies

14.6. Competitive Landscape of Other Major Players in LED Lighting Market

14.7. Competitive Landscape of Domestic LED Manufacturers in India

15. SWOT Analysis of the Indian LED Lighting Market

16. Growth Drivers and Opportunities in the Indian LED Lighting Market

Demand for Energy Management

Government initiatives driving growth of LED industry

Smart Homes in the Country

Demand for Green Buildings

17. Trends in India LED Lighting Market

Capacity Expansion Guiding the Growth of LED Lighting Market

Street Lighting- Highest Revenue Generating Segment

Growing Popularity of Value For Money Proposition

Sale of LED bulbs at nominal prices

India LED Lighting Domestic Manufacturing Scenario

18. Challenges in the Indian LED Lighting Market

Price Sensitivity of Customers in Indian LED Lighting Market

Absence of Quality due to Presence of Sub-standard Chinese Products

Absence of Technical Standards

Low Level of Awareness

High level of Innovation Speed in LED technology

Long and Inflexible Lead Time

Lack of Testing Facilities

19. Government Regulations for India LED Lighting Market

ELCOMA

EESL

Standards for LED Lighting in India

19.1. Government Initiatives taken to promote LED Lighting in India

Subsidy for LED Bulbs

Government Projects for LED Lights Installation

Subsidy for Setting up Semiconductor Manufacturing facility

Reduction in VAT

20. Mergers and Joint Ventures in India LED Lighting Market

21. Future Outlook and Projections of India LED Lighting Market, FY'2015-FY'2019

21.1. By Products (Lamps and Luminaires), FY'2015-FY'2019

21.2. By Organized and Unorganized Markets, FY'2015-FY'2019

21.3. By End-Users, FY'2019

22. India LED Drivers Market Introduction

22.1. India LED Drivers Market Size, FY'2009-FY'2014

22.1.1. By Revenue, FY'2009-FY'2014

22.1.2. By Volume, FY'2014

22.2. Competitive Landscape of Major Players in India LED Chips Market

22.3. Future Outlook and Projection of India LED Drivers Market, FY'2015-FY'2019

23. Macroeconomic Variables in India LED Lighting and Drivers Market

23.1. Lighting Market in India, 2008-2018

23.2. Electricity Consumption in India, 2008-2018

23.3. GDP of India, 2008-2018

23.4. Personal Disposable Income of India, FY'2009-FY'2019

23.5. Urban Population in India, 2008-2018

24. Analyst Recommendation

Government

LED Lights Companies

25. Appendix

25.1. Market Definitions

25.2. Abbreviations

25.3. Research Methodology

Data Collection Methods

Approach

Variables (Dependent and Independent)

Multi Factor Based Sensitivity Model

Final Conclusion

25.4. Disclaimer

 

LIST OF FIGURES

 

Figure 1: Global LED Market Segmentation by Different Regions on the Basis of Revenue in Percentage (%), 2014

Figure 2: India LED Market Value Chain

Figure 3: India LED Lighting Market Size by Revenue in INR Million, FY'2009-FY'2014

Figure 4: India LED Lighting Market Size by Volume in Million Units, FY'2010-FY'2014

Figure 5: India LED Market Segmentation by Products in Percentage (%) (Lamps and Luminaires), FY'2012-FY'2014

Figure 6: India LED Market Segmentation on the Basis of Revenue in INR Million, (Lamps and Luminaires), FY'2012-FY'2014

Figure 7: India LED Market Segmentation by Regions on the Basis of Revenue in Percentage (%), FY'2014

Figure 8: India LED Market Segmentation by Organized and Unorganized Sectors on the Basis of Revenue Contribution in Percentage (%), FY'2012-FY'2014

Figure 9: India LED Market Segmentation by Organized and Unorganized Sectors on the Basis of Revenue in INR Million, FY'2012-FY'2014

Figure 10: India LED Market Segmentation by End Users on the Basis of Revenue Contribution in Percentage (%) in, FY'2014

Figure 11: India LED Market Segmentation by Imports and Domestic Production Volume in Percentage (%), FY'2010-FY'2014

Figure 12: India LED Market Segmentation by Imports and Domestic Production Volume in Million Units, FY'2010-FY'2014

Figure 13: Import Value of LED Lights in INR Million, FY'2010-FY'2014

Figure 14: Export Value of LED Lights in INR Million, FY'2010-FY'2014

Figure 15: Import Value of LED Lights from China in INR Million, FY'2010-FY'2014

Figure 16 : Import Value of LED Lights from Malaysia in INR Million, FY'2010-FY'2014

Figure 17: Import Value of LED Lights from Japan in INR Million, FY'2010-FY'2014

Figure 18: Import Value of LED Lights from Taiwan in INR Million, FY'2010-FY'2014

Figure 19: Import Value of LED Lights from Singapore INR Million, FY'2010-FY'2014

Figure 20: Market Share of Major Players in India LED Market in Percentage (%), FY'2014

Figure 21: Philips India Revenue from Lighting Segment in INR Million, FY'2012-FY'2014

Figure 22: Havells India Revenue from Lighting Segment in INR Million, FY'2009-FY'2014

Figure 23: NTL Lemnis India Revenue from Lighting Segment in INR Million, FY'2012-FY'2014

Figure 24: Bajaj Electricals India Revenue from Lighting Segment in INR Million, FY'2009-FY'2014

Figure 25: Surya Roshni India Revenue from Lighting Segment in INR Million, FY'2009-FY'2014

Figure 26: India LED Market Future Projections on the Basis of Revenue in INR Million, FY'2015-FY'2019

Figure 27: India LED Market Future Projections by Products (Lamps and Luminaires) on the Basis of Percentage (%), FY'2015-FY'2019

Figure 28: India LED Market Future Projections by Products (Lamps and Luminaires) on the Basis of Revenue in INR Million, FY'2015-FY'2019

Figure 29: India LED Market Future Projections by Organized and Unorganized Players on the Basis of Percentage (%), FY'2015-FY'2019

Figure 30: India LED Market Future Projections by Organized and Unorganized Players on the Basis of Revenue in INR Million, FY'2015-FY'2019

Figure 31: India LED Market Future Projections by End Users on the Basis of Revenue in INR Million, FY'2015-FY'2019

Figure 32 : India LED Driver Market Size by Revenue in INR Million, FY'2009-FY'2014

Figure 33: India LED Driver Market Future Projections on the Basis of Revenue in INR Million, FY'2015-FY'2019

Figure 34: India Lighting Market Size on the Basis of Revenue in INR Million, 2008-2018

Figure 35: Power Consumed by Lighting Sector in India in GWh/yr, 2008-2018

Figure 36: GDP of India in INR Million, 2008-2018

Figure 37: Personal Disposable Income in India in INR Billion, FY'2009-FY'2014

Figure 38: Urban Population in India in Million, 2006- 2018

 

Table 1: Key Differentiating Factors between LED, CFL and ICL

Table 2: Cost Breakup of LED Lights Components in India and Distributor and Retailer Profit Margin, FY’2014

Table 3: Price Comparison of LED lamps offered by Major Players

Table 4: India LED Market Segmentation by Regions on the Basis of Revenue in INR Million FY’2014

Table 5: India LED Market Segmentation by End Users on the Basis of Revenue in INR Million, FY’2014

Table 6: Import Duty Structure for LED Lights in India

Table 7: Competitive Landscape of New Entrants in India LED Market

Table 8: Profit Margin of Different Entities Involved in the Production and Distribution of LED Lights in India

Table 9: Market Share of Major Players in India LED Market on the Basis of Revenue in INR Million, FY’2014

Table 10: Competitive Analysis of Major Players in India LED Market

Table 11: Competitive Landscape of Other Major Players in India LED Market

Table 12: Competitive Landscape of Domestic LED Lighting Manufacturers in India

Table 13: India LED Lighting Domestic Manufacturing Scenario

Table 14: Standards for LED lights in India

Table 15: Mergers/Joint Ventures/Alliances in India LED Market in the last 3 years

Table 16: India LED Market Future Projections by End Users on the Basis of Revenue in INR Million, FY’2019

Table 17: India LED Driver Market Size by Volume, FY’2014

Table 18: Competitive Landscape of Major Players in Global LED Chips Market

Table 19: Correlation Matrix for India LED Industry

Table 20: Regression Coefficients Output

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India LED Lighting Market Outlook to 2019-Introduction Pages : 9| USD 150

1. Global LED lighting Market Introduction

Japan

China

Taiwan

Korea

The US

Europe

2. India LED Lighting Market Introduction

India LED Lighting Market Outlook to 2019 - SWOT , Drivers, Trends Pages : 9| USD 150

15. SWOT Analysis of the Indian LED Lighting Market

16. Growth Drivers and Opportunities in the Indian LED Lighting Market

Demand for Energy Management

Government initiatives driving growth of LED industry

Smart Homes in the Country

Demand for Green Buildings

17. Trends in India LED Lighting Market

Capacity Expansion Guiding the Growth of LED Lighting Market

Street Lighting- Highest Revenue Generating Segment

Growing Popularity of Value For Money Proposition

Sale of LED bulbs at nominal prices

India LED Lighting Domestic Manufacturing Scenario

India LED Lighting Market Outlook to 2019 - Challenges, Regulations, Mergers Pages : 10| USD 150

18. Challenges in the Indian LED Lighting Market

Price Sensitivity of Customers in Indian LED Lighting Market

Absence of Quality due to Presence of Sub-standard Chinese Products

Absence of Technical Standards

Low Level of Awareness

High level of Innovation Speed in LED technology

Long and Inflexible Lead Time

Lack of Testing Facilities

19. Government Regulations for India LED Lighting Market

ELCOMA

EESL

Standards for LED Lighting in India

19.1. Government Initiatives taken to promote LED Lighting in India

Subsidy for LED Bulbs

Government Projects for LED Lights Installation

Subsidy for Setting up Semiconductor Manufacturing facility

Reduction in VAT

20. Mergers and Joint Ventures in India LED Lighting Market

India LED Lighting Market Outlook to 2019 - Future and Macro Economy Pages : 21| USD 300

21. Future Outlook and Projections of India LED Lighting Market, FY'2015-FY'2019

21.1. By Products (Lamps and Luminaires), FY'2015-FY'2019

21.2. By Organized and Unorganized Markets, FY'2015-FY'2019

21.3. By End-Users, FY'2019

22. India LED Drivers Market Introduction

22.1. India LED Drivers Market Size, FY'2009-FY'2014

22.1.1. By Revenue, FY'2009-FY'2014

22.1.2. By Volume, FY'2014

22.2. Competitive Landscape of Major Players in India LED Chips Market

22.3. Future Outlook and Projection of India LED Drivers Market, FY'2015-FY'2019

23. Macroeconomic Variables in India LED Lighting and Drivers Market

23.1. Lighting Market in India, 2008-2018

23.2. Electricity Consumption in India, 2008-2018

23.3. GDP of India, 2008-2018

23.4. Personal Disposable Income of India, FY'2009-FY'2019

23.5. Urban Population in India, 2008-2018

24. Analyst Recommendation

Government

LED Lights Companies

India LED Lighting Market Outlook to 2019- Comparative Analysis Pages : 8| USD 150

2.1. Comparative Analysis of India and China LED Market

Chinese LED market

Indian LED market

2.2. Comparative Analysis LED and CFL Markets- The Effect of LED Growth on the CFL Market in India

3. Pricing Mechanism of LED Lights in India

3.1. Prices of LED Lighting Products in India

3.2. Return on Investment for Consumers of LED Lighting in India

India LED Lighting Market Outlook to 2019 - Technology and Value Chain Pages : 5| USD 100

4. Latest Technologies and Products in India LED Lighting Market

Latest Products in Retail Sector

Latest Products in Commercial Sector

Latest Products in Street Lighting

Latest Products in Industrial Sector

Organic LEDs

LED Flexi lights

5. Value Chain Analysis of India LED Lighting Industry

India LED Lighting Market Outlook to 2019- Market Size Pages : 18| USD 300

6. India LED Lighting Market Size

6.1. By Revenue, FY'2009-FY'2014

6.2. By Volume, FY'2010-FY'2014

7. India LED Lighting Market Segmentation

7.1. By Products (Lamps and Luminaires), FY'2012-FY'2014

7.2. By Different Regions (West, North, South and East Regions), FY'2014

7.3. By Organized and Unorganized Market, FY'2012-FY'2014

7.4. By End Users, FY'2014

7.5. By Import and Domestic Production Volume, FY'2010-FY'2014

India LED Lighting Market Outlook to 2019 - External Trade Pages : 10| USD 200

8. India LED Lighting Market External Trade, FY'2010-FY'2014

8.1. Import Value, FY'2010-FY'2014

8.2. Import Duty Structure for LED lights in India

8.3. Export Value, FY'2010-FY'2014

8.4. Major Import Destinations, FY'2010-FY'2014

Imports of LED lights from China

Imports of LED lights from Malaysia

Import of LED lights from Japan

Import of LED lights from Taiwan

Import of LED lights from Singapore

India LED Lighting Market Outlook to 2019 - Pre Requisites of Entry Pages : 5| USD 100

9. Pre Requisites for Entry to the Indian LED Lighting Market

9.1. Product Segmentation

LEDs for Outdoor Applications

LEDs for Indoor Applications

9.2. Cost

9.3. Customer Service Expectation

Zero Maintenance Costs

Lower Prices

Faster Return on Investment

Warranty

India LED Lighting Market Outlook to 2019 - Competitive Landscape Pages : 13| USD 200

10. Competitive Landscape of New Entrants in India LED Lighting Market

11. Cost Components of LED Bulbs/Lamps

12. Market Share of Major Players in India LED Lighting Market, FY'2014

13. Competitive Analysis of Major Players in India LED Lighting Market

India LED Lighting Market Outlook to 2019 - Shortcomings and Target Market Pages : 5| USD 100

13.1. Shortcomings of Players in India LED Lighting Market

Glitches in Functionality of LED lights

Hindrances in Production of LED chips

Lack of Skilled Workforce

Erratic Power Supply and Lack of Suitable Locations

13.2. Potential Target Markets for Players in India LED Lighting Market

Opportunities in Government Sector

Opportunities in Commercial Sector

Opportunities in Residential Sector

India LED Lighting Market Outlook to 2019 - Company Profile Pages : 12| USD 200

14. Company Profiles of Major Players in India LED Lighting Market

14.1. Phillips

14.1.1. Business Overview

14.1.2. Financial Performance

14.1.3. Business Strategies

14.2. Havells

14.2.1. Business Overview

14.2.2. Financial Performance

14.2.3. Business Strategies

14.3. NTL Lemnis

14.3.1. Business Overview

14.3.2. Financial Performance

14.3.3. Business Strategies

14.4. Bajaj Electricals

14.4.1. Business Overview

14.4.2. Financial Performance

14.4.3. Business Strategies

14.5. Surya Roshni Limited

14.5.1. Business Overview

14.5.2. Financial Performance

14.5.3. Business Strategies

14.6. Competitive Landscape of Other Major Players in LED Lighting Market

14.7. Competitive Landscape of Domestic LED Manufacturers in India

 

Philips, Havells, Bajaj Electricals, Surya Roshni, NTL lemnis, Osram, Syska LED lights, Anchor (Panasonic), Opple Lighting, Sewon, Eveready, Crompton Greaves, Wipro, GE lighting, BPL, Syska LED lights, MIC Electronics Ltd, Avni Energy Solutions, Goldwyn L

LED lamps, bulbs, luminiaries, Street lighting, industrial lights, LED driver, LED Chips, LED housing, Heat Sink, Lens

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