PRTODAY / NewswireToday Free press release distribution service network

Written by / Agency / Source: Frost & Sullivan

Check Ads Availability|e-mail Article


Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!

Energy Efficiency Product Performance, Growing Adoption Across End User Segments Spurs Growth of the Indian LED Lighting Market Finds Frost & Sullivan - Market estimated to grow to $1,278.6 Million by 2018 - Electronics.Frost.com
Energy Efficiency Product Performance, Growing Adoption Across End User Segments Spurs Growth of the Indian LED Lighting Market Finds Frost & Sullivan

 

NewswireToday - /newswire/ - Mumbai, India, 2013/12/16 - Market estimated to grow to $1,278.6 Million by 2018 - Electronics.Frost.com.

   
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Electronics/Instrumentation/RFID Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

The growing interest in energy efficient technology, green building status, and reducing energy bills has lent momentum for business-to-business (B2B) and business-to-customer (B2C) light emitting diode (LED) market in India. Furthermore, Government agencies like the Ministry for Renewable Energy and the Bureau of Energy Efficiency have been instrumental in raising awareness of LED’s benefits in towns and villages, to the extent of even distributing free solar LED lanterns in villages. Numerous municipalities and corporations across the country have adopted LED lighting for street lighting applications. As a result, the Indian business to government (B2G) LED lighting market is witnessing robust growth. The better efficacy, energy performance, reducing price points as well as widening options have made LED lighting a preferred option over conventional technologies. In addition, the responsibility, rightly taken up by the government sector, has cemented the belief that LEDs are the way forward for the country’s power woes.

New analysis from Frost & Sullivan (electronics.frost.com), Assessment of the Indian B2B/B2C LED Lighting Market and Assessment of the Indian B2G LED Lighting Market finds that the overall LED Lighting market in India earned revenues of more than $142.8 million in 2012 and estimates this to reach $1,278.6 million in 2018.

The Government sector is the single largest user for LED lights in India today. Apart from the large scale street lighting projects, increasing usage of LED lights for in-cabin lighting as well as the lighting of railway stations have contributed to the Government sector being the single largest adopter and growth trigger. The commercial sector in India is the second largest user of LED lights, followed by the industrial and automotive segments. Hospitality and retail sector, street lighting applications within factories, special economic zones and information technology parks are key contributors to the commercial and industrial segments.

"Government initiatives to raise awareness on the benefits of LED as an energy-efficient technology and to promote the domestic manufacturing of LED products have spurred market growth," said Frost & Sullivan Analyst. LED’s promise of quick returns through greater efficiency boosts the technology’s popularity in the Indian B2B and B2C LED segments. Moreover, improvements in technology have led to widening its scope to newer applications in the automotive sector. The energy service company (ESCO) model, which eliminates the need for initial investments by municipalities and corporations, is expected to flourish in and propel growth for the Indian B2G LED segment.

The anticipated, 10-20 percent year on year decrease in the LED lighting prices, possibly driven by tier I participants aiming to compete with the effective cost structures of tier II participants, will provide greater value to the consumers. However, this could hurt the prospects of tier II participants in high-volume segments such as the residential sector.

The huge reliance on LED imports as well as finished lighting product import is a critical challenge. Insufficient demand in India is discouraging the local manufacturers. Importers, traders and assemblers prefer to import LED lighting products instead, to avail tax benefits and budget constraints. Nevertheless, the high scale of growth anticipated in the next 3-5 years coupled with the enormous incentives offered for indigenous manufacturing under the various new Government policies such as the modified special incentive package scheme (MSIPS) and preferential market access scheme (PMAS) is expected to offset this restraint.

"The implementation of standards for LED Lighting products will enable the full-scale conversion to LED lighting and also help in eliminating the presence of sub-standard grey market products in the Indian market," noted the analyst. "Partnerships with electrical contractors and energy service companies, along with wide distribution networks, are crucial for market expansion in the country. Brands offering technical capability, superior product performance, and high quality will be able to sustain themselves in the market."

If you are interested in a virtual brochure, which provides a brief synopsis of the study and a table of contents, then send an email to Priya George / Akshata Mhatre, Corporate Communications, at priyag[.]frost.com / akshatam[.]frost.com, with your full name, company name, title, telephone number, company email address, company website, city, state and country. Upon receipt of the above information, a brochure will be sent to you by email.

Assessment of the Indian B2B/B2C LED Lighting Market and Assessment of the Indian B2G LED Lighting Market is part of the Electronic Devices Growth Partnership Service program. Frost & Sullivan’s related studies include: Assessment of the Indian B2B/B2C LED Lighting Market, Indian B2G LED Lighting Market, and Indian Electronics Manufacturing Services Market. All research services included in subscriptions provide detailed market opportunities and industry trends evaluated following extensive interviews with market participants.

About Frost & Sullivan
Frost & Sullivan (frost.com), the Growth Partnership Company, works in collaboration with clients to leverage visionary innovation that addresses the global challenges and related growth opportunities that will make or break today's market participants.

Our "Growth Partnership" supports clients by addressing these opportunities and incorporating two key elements driving visionary innovation: The Integrated Value Proposition and The Partnership Infrastructure.

The Integrated Value Proposition provides support to our clients throughout all phases of their journey to visionary innovation including: research, analysis, strategy, vision, innovation and implementation.
The Partnership Infrastructure is entirely unique as it constructs the foundation upon which visionary innovation becomes possible. This includes our 360 degree research, comprehensive industry coverage, career best practices as well as our global footprint of more than 40 offices.

For more than 50 years, we have been developing growth strategies for the global 1000, emerging businesses, the public sector and the investment community. Is your organization prepared for the next profound wave of industry convergence, disruptive technologies, increasing competitive intensity, Mega Trends, breakthrough best practices, changing customer dynamics and emerging economies?

Contact Us: Start the discussion | Join Us: Join our community | Subscribe: Newsletter on "the next big thing" | Register: Gain access to visionary innovation

Assessment of the Indian B2B/B2C LED Lighting Market / P6FA-25
Assessment of the Indian B2G LED Lighting Market / P6FB-25

Media Contact:
Nimisha Iyer, Corporate Communications South Asia, Middle East & North Africa
M: +91 98200 50519 / P: +91 22 6607 2004 - E: niyer[.]frost.com.

 
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Electronics/Instrumentation/RFID Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

Written by / Agency / Source: Frost & Sullivan

 
 

Availability: All Regions (Including Int'l)

 

Traffic Booster: [/] Quick Newswire Today Visibility Checker

 

Distribution / Indexing: [+] / [Company listed above is a registered member of our network. Content made possible by PRZOOM / PRTODAY indexing services]

 
 
# # #
 
 
  Your Banner Ad showing on ALL
Electronics/Instrumentation/RFID articles,
CATCH Visitors via Your Competitors Announcements!


Energy Efficiency Product Performance, Growing Adoption Across End User Segments Spurs Growth of the Indian LED Lighting Market Finds Frost & Sullivan

Company website links NOT available to basic submissions
It is OK to republish and/or LINK any newswire for any legitimate media purpose as long as you name Newswire Today and LINK as the source.
 
  Is this your article?
Activate ALL web links and social stream by Upgrading to Press Release PREMIUM Plan Now!

Frost & Sullivan |
Publisher Contact: Priya George / Akshata Mhatre 
+91 4466814456 / +91 2266072020 priyag[.]frost.com / akshatam[.]frost.com
 
Newswire Today - PRZOOM / PRTODAY disclaims any content contained in this article. If you need/wish to contact the company who published the current release, you will need to contact them - NOT us. Issuers of articles are solely responsible for the accuracy of their content. Our complete disclaimer appears here.
IMPORTANT INFORMATION: Issuance, publication or distribution of this press release in certain jurisdictions could be subject to restrictions. The recipient of this press release is responsible for using this press release and the information herein in accordance with the applicable rules and regulations in the particular jurisdiction. This press release does not constitute an offer or an offering to acquire or subscribe for any Frost & Sullivan securities in any jurisdiction including any other companies listed or named in this release.

Electronics/Instrumentation/RFID via RSSAdd NewswireToday - PRZOOM Headline News to FeedBurner
Find who RetweetFollow @NewswireTODAY



Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!


Read Latest Articles From Frost & Sullivan / Company Profile


Read Electronics/Instrumentation/RFID Most Recent Related Newswires:

Frost & Sullivan Commends Keysight's Growth in Calibration and Repair Services from its New Customer-centric Solutions
Imec Develops 3D-Compatible Germanium nMOS Gate stack with High Mobility and Superior Reliability
Curtiss-Wright to Expand Position in Data Acquisition & FTI Markets with Acquisition of Teletronics Technology Corporation
Datalogic Receives Top Honor At Inspect Awards 2017
Leonardo Sees Surge in Export Orders for Man-portable Laser Designators from US and Europe
Imec Demonstrates World’s First Vertically Stacked Gate-all-Around Si Nanowire CMOS Transistors
GE Ventures, Microsemi and Corning Partner to Launch Menlo Micro and Next Generation of Electronic Switching
Frost & Sullivan Commends LeEco for Driving Innovation in the North American Smart Technologies Market
Malvern Instruments and PANalytical to Merge
Bruker Announces Corporate Partnership with International Phenome Centre Network (IPCN) for NMR Technologies and SOPs
Predictive and Control Capabilities through IoT Rapidly Expand Global Growth Opportunities for Sensors Finds Frost & Sullivan
IDEX Showcased the World’s First Flexible Touch Fingerprint Sensor for SmartCards and Receives Massive Industry Interest
Endress+Hauser Consult AG Introduces Proline 300/500 - Flow Measuring Technology for the Future
Lipigas Delivers Enhanced Interactive and Visual Mobile Self-Service Portal Using Joint Visual IVR Solution from Dialogic and Telectronic
Customized Electronic Ticket Solutions Simplify Daily Commute in Russian Cities

Boost Your Social Network
& Crowdfunding Campaigns


LIFETIME SOCIAL MEDIA WALL
NewswireToday Celebrates 10 Years in Business


PREMIUM Members


Visit  BizJobs.com

Visit  Triggr & Bloom





 
  ©2016 Newswire Today — Limelon Advertising, Co.
Home | About | Advertise/Pricing | Contact | Investors | Privacy/TOS | Sitemap | FRANCAIS
newswire, PR free press releases distribution service magazines engine news alert newsroom press room breaking news public relations articles company news alerts newswiredistribution ezine bizentrepreneur biznewstoday digital business report market search pr firms agencies reports distri-bution today investor relation successful internet entrepreneurs newswire distribution prtoday.com freenewswiredistribution asianewstoday bizwiretoday USA pr UK today - NOT affiliated with PRNewswire as we declined their partnership offer in 2013
 
PRTODAY & NewswireTODAY are NOT affiliated with USA TODAY (usatoday.com)