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

 Published On: Feb, 2015 |    No of Pages: 153 |  Published By: kenresearch | Format: PDF
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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% in the last 5 years. 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

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

LIST OF TABLES
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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