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India LED Market Annual Increase At 41.5%

India led market are growing rapidly along with the enlarging of global led market, becomes one of the most influential led market. Up to now, the average annual growth rate beyond 10.2%. The main coverage of India led market including automobiles, consumer electronics products, communication equipments, computer and lighting industry, etc.

India LED Lighting Market Space: Overall Annual Increase Will Be 41.5%

As the sixth biggest energy source consumer, India’s energy consumption up to 3.4% compare with whole global. Actually the average consumption already quite high by 2006. India electricity output increase to 680KWH by 2006, 75% from thermal power plant, 21% from hydroelectric power plant and other 4% from nuclear power plant. There are 400 million Indians risk the power supply failure during blackout, 80% citizens have only one power cord.

India’s electricity requirements rose sharply during urbanization & industrialization process, as well as the consumer demand. Power consumption of illumination account occupies 12%, if convert power consumption into the emission of CO2, 52.5 billion tons of CO2 produced by illumination. Therefore, based on the date analysis, in the situation convert whole India illumination system into LED lighting system, which with the character of energy saving & environment protection, 25% of CO2 emission will be reduced, and a EU￡1.3 billion business chance for LED lighting.

By report, the India led illumination market will keep increasing 41.5% annually, until 2015. There are only US$ 49 million in 2009, 3.1% of the illumination market, this imply the huge market space and future potential.

Indian LED Products Requirement Rely On Importation

Indian Led products requirements rely on importation, The amount of imports is US$64.7 billion in 2004, reaches US$71.23 billion in 2005, and US$88.5 in 2006, annual rate of growth exceed 11.93%, the expected amount in 2010 will be more than US$1 billion, annual rate of growth break the record of 12%, India is one of new emerging LED market with most development potential.

The Majority Are Outdoor Lighting, Indoor Lighting Market Need Cultivating

In India, most of the LED lighting is outdoor application, usually in the street & monument. Contemporary, the India LED lighting is limited by several conditions: the prices are too high, it should be drop 3 times compare with this moment. There are a lot of LED lamp can replace fluorescent lamp directly, however, think in economic way, people would like not. In one hand, people can afford the price is the precondition for led lighting apply in civil version; in another hand, government and public need more information to realize that LED lighting are low energy consumption facility.