As the global LED market continues to expand, the Indian LED market has also grown rapidly and has become one of the most influential LED markets. Before 2011, the annual growth rate of the Indian LED market was above 10.2%. The Indian LED product market is mainly distributed in the automotive, consumer electronics, communications, computer and lighting industries.
India's LED lighting market space: The overall annual growth rate will be 41.5%
India is the sixth largest energy consumer in the world, accounting for 3.4% of global energy consumption. In fact, by 2006, the per capita consumption in India was already very high. In 2006, the average annual electricity output increased to 68 billion kWh. In India, 75% of electricity consumption comes from thermoelectric power plants, 21% from hydroelectric power plants and 4% from nuclear power generation. Although we have introduced many favorable rural electrification projects, 400 million Indian citizens still have to lose their electricity supply in the event of a large-scale power outage, and 80% of the citizens have only one transmission line.
With the rapid urbanization and industrialization of India, the demand for electricity in India has increased dramatically, while consumption consumption has also increased significantly. The electricity load for lighting is 12% in India. If it is replaced by carbon dioxide emissions, a total energy consumption of thermal electricity will cause 52.5 billion tons of carbon dioxide emissions to be used only for lighting. Therefore, the demand for LEDs with energy saving and environmental protection characteristics has increased. According to data, if the electric load of 25% of the lighting system in India can be converted into an LED lighting load, the emission of carbon dioxide can be directly reduced by 25%, which is equivalent to its annual amount in India. The output value is about 1.3 billion euros, which is a huge market.
It is reported that the overall annual growth rate of the LED lighting market in India will be 41.5% until 2015. In 2009, it was only US$49 million, which represented 3.1% of the lighting market. This means market space and potential.
India's LED product demand depends mainly on imports
India’s demand for LED products mainly depends on imports. In 2004, India’s LED imports amounted to US$64.7 million. In 2005, imports increased to US$71.23 million. In 2006, LED imports reached US$88.5 million, and annual growth rate exceeded 11.93%. India is expected to exceed 1 billion U.S. dollars in 2010, and its annual growth rate will exceed 12%. It is one of the emerging markets with considerable growth potential in the global LED market.
Most of LED lighting in India is used outdoors. Indoors still need market cultivation.
It is understood that, in the Indian market, the LED lighting in India is now mainly used outdoors. On many streets or monuments, LED outdoor use is more common in India. At the same time, we can also see that the LED lighting market in India has been subject to some restrictions: First, the price is too high, and the price of LED will at least triple. Many LED lights can directly be directly replaced on some Other fluorescent lamps, but the price is much more expensive and many people are not willing to. Therefore, to enter the civilian market, LED products must allow residents to be economically tolerant. In another aspect, the awareness of consumers is still relatively low. It is necessary to let the government and the public know that LED is a low-energy lamp.
India's LED lighting market space: The overall annual growth rate will be 41.5%
India is the sixth largest energy consumer in the world, accounting for 3.4% of global energy consumption. In fact, by 2006, the per capita consumption in India was already very high. In 2006, the average annual electricity output increased to 68 billion kWh. In India, 75% of electricity consumption comes from thermoelectric power plants, 21% from hydroelectric power plants and 4% from nuclear power generation. Although we have introduced many favorable rural electrification projects, 400 million Indian citizens still have to lose their electricity supply in the event of a large-scale power outage, and 80% of the citizens have only one transmission line.
With the rapid urbanization and industrialization of India, the demand for electricity in India has increased dramatically, while consumption consumption has also increased significantly. The electricity load for lighting is 12% in India. If it is replaced by carbon dioxide emissions, a total energy consumption of thermal electricity will cause 52.5 billion tons of carbon dioxide emissions to be used only for lighting. Therefore, the demand for LEDs with energy saving and environmental protection characteristics has increased. According to data, if the electric load of 25% of the lighting system in India can be converted into an LED lighting load, the emission of carbon dioxide can be directly reduced by 25%, which is equivalent to its annual amount in India. The output value is about 1.3 billion euros, which is a huge market.
It is reported that the overall annual growth rate of the LED lighting market in India will be 41.5% until 2015. In 2009, it was only US$49 million, which represented 3.1% of the lighting market. This means market space and potential.
India's LED product demand depends mainly on imports
India’s demand for LED products mainly depends on imports. In 2004, India’s LED imports amounted to US$64.7 million. In 2005, imports increased to US$71.23 million. In 2006, LED imports reached US$88.5 million, and annual growth rate exceeded 11.93%. India is expected to exceed 1 billion U.S. dollars in 2010, and its annual growth rate will exceed 12%. It is one of the emerging markets with considerable growth potential in the global LED market.
Most of LED lighting in India is used outdoors. Indoors still need market cultivation.
It is understood that, in the Indian market, the LED lighting in India is now mainly used outdoors. On many streets or monuments, LED outdoor use is more common in India. At the same time, we can also see that the LED lighting market in India has been subject to some restrictions: First, the price is too high, and the price of LED will at least triple. Many LED lights can directly be directly replaced on some Other fluorescent lamps, but the price is much more expensive and many people are not willing to. Therefore, to enter the civilian market, LED products must allow residents to be economically tolerant. In another aspect, the awareness of consumers is still relatively low. It is necessary to let the government and the public know that LED is a low-energy lamp.
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