Generic selectors
Exact matches only
Search in title
Search in content
Post Type Selectors
post

Report: LED lighting industry records strong growth over the last five years

- Advertisement -

imagesResearch and Markets firm has rolled out the latest addition of their report on ‘India LED Market Outlook, 2021’.

As per the latest addition, India Lighting market is growing with a CAGR of 16.83 per cent from last five years and is projected to grow even in future due to an exceptional growth in the LED Lighting industry.

Since the government is coming up with various initiatives for LED lighting sector and replacing incandescent bulb with LED bulbs under numerous schemes, the demand for LED and energy is witnessing huge growth. Declining prices of LED lights are becoming key factors for driving the growth of LED lighting in India.

- Advertisement -

The report states, India’s LED Lighting market is growing at a CAGR of 32.15 per cent over six years. LED Lighting, which accounts for 19 per cent share in the current overall Lighting market, is anticipated to reach 62 per cent by the year 2021. It also shows that Philips, Surya Roshni, Osram, Bajaj, Havells, etc are the leading players in India Lighting market and are expected to dominate the market in the forecast period also.

The growing awareness about LED lighting in the southern India has proved to be an important market for LED lighting companies. Street lighting application accounts for majority of the market revenues in India LED lighting market.

- Advertisement -

Most Popular Articles

ESA Funds €34.6M For Open Cosmos’ Satellite Mission

0
Launching three satellites to study Earth's magnetic field and ionosphere, starting in 2026, the European Space Agency has sanctioned €34.6 million to Open Cosmos-led...

Vishay Invests £51M In Newport Fab, Boosting Wales’ Chip Sector

0
Supported by £5 million from the Welsh Government, Vishay is injecting £51 million into Newport wafer fab, boosting Wales' semiconductor sector with new production...

Mitul Shah Joins Google To Lead Pixel Expansion

0
Eyeing Pixel's growth and manufacturing in India, there was a new appointment at Google recently. Mitul Shah, ex-Apple India sales leader joined to lead...
US Chip Manufacturing

US Commerce Department To Grant $60Mn Awards To BAE Systems And Rocket Labs

0
Secretary Gina Raimondo stated that under Biden's CHIPS Act, they would like to finalize as many awards as possible before President Trump begins his...
Chip Design in India

Kaynes Semicon, 7 Rays Semiconductors Inks Pact To Enhance Chip Design And Packaging

0
The partnership will deliver cutting-edge custom system-on-chip design solutions tailored to emerging technologies in various sectors. Kaynes Semicon and 7 Rays Semiconductors are thrilled to...
Andy C Mackie, Principal Engineer - Advanced Materials, Indium Corporation

“Our Multi-Alloy System Enables Solder Joints To Form At Lower Processing Temperatures Without Sacrificing...

0
Liquid metal-based thermal solutions offer efficient cooling but face challenges like spillage and thermal resistance in ultra-thin layers. Akanksha Sondhi Gaur and Nijhum Rudra...
S.K. Yadav of RIGOL Technologies

“Our India Business Is $2 Million, With A Goal To Reach $6 Million” –...

0
In a chat with EFY’s Nitisha, S.K. Yadav of RIGOL Technologies highlights the company’s journey in India, shedding light on its growth prospects and...
Bejoy George, Managing Director- Chipmax Designs Private Limited,

“We Are Advancing R&D Projects To Develop Modular Assembly Lines With Adaptive Robotics” –...

0
How do you envision technological progressions influencing the future of manufacturing operations? Get informed from Electronics for You’s Akanksha while in dialogue with Bejoy...
Srinivas Parikshith, Co-founder of Auckam Technologies

“We Anticipate Turnover Reaching 40 Million Rupees Next Year With The New Product Line”...

0
Discussing the electronics manufacturing sector, Srinivas Parikshith, Co-founder of Auckam Technologies, talked to EFY’s Nitisha Dubey about their expansion plans to set up a...

“We Bring Intelligence Early On Into The Design Cycle” – Michel Van Cotthem VP...

0
With a solution embedding intelligence early in the design-to-source lifecycle, Supplyframe aims to leverage India’s electronics manufacturing boom. At IEW 2024, Michel Van Cotthem...

HKTDC Electronics Fair Sparks Innovation, 60,000+ Participants!

0
Showcasing cutting-edge tech, global innovation, and booming markets for the future of electronics, HKTDC’s Hong Kong Electronics Fair and electronicAsia drew 60,000+ professionals. Last month,...
Applied Materials Representational Image

Applied Materials Selects Six Startups For Deep-Tech Accelerator Programme

0
The selected deep-tech startups will be evaluated for investment by Applied Ventures and potential collaboration opportunities with Applied Materials. In collaboration with the company's India...

Space tech Startup Akash Secures $68M CHIPS Funding

0
Eyeing to power into AI, EVs, and more high-tech industries, Akash Systems lands $68 million CHIPS grant to boost its cooling tech facility, generating...

Wireless Light-Based Communication With Velmenni’s Technology

0
Velmenni is at the forefront of wireless communication innovation with its pioneering light-based technologies, Li-Fi and LC Link. Founded by Deepak Solanki in October 2014...

Harnessing AI Technology For Efficient Pest Management

0
AI-Genix, an agri-tech startup, is transforming pest management for farmers through advanced AI-enabled systems that precisely target harmful pests. In an industry where pesticides and...

Industry's Buzz

ESA Funds €34.6M For Open Cosmos’ Satellite Mission

0
Launching three satellites to study Earth's magnetic field and ionosphere, starting in 2026, the European Space Agency has sanctioned €34.6 million to Open Cosmos-led...

Vishay Invests £51M In Newport Fab, Boosting Wales’ Chip Sector

0
Supported by £5 million from the Welsh Government, Vishay is injecting £51 million into Newport wafer fab, boosting Wales' semiconductor sector with new production...

Mitul Shah Joins Google To Lead Pixel Expansion

0
Eyeing Pixel's growth and manufacturing in India, there was a new appointment at Google recently. Mitul Shah, ex-Apple India sales leader joined to lead...
US Chip Manufacturing

US Commerce Department To Grant $60Mn Awards To BAE Systems And Rocket Labs

0
Secretary Gina Raimondo stated that under Biden's CHIPS Act, they would like to finalize as many awards as possible before President Trump begins his...
Chip Design in India

Kaynes Semicon, 7 Rays Semiconductors Inks Pact To Enhance Chip Design And Packaging

0
The partnership will deliver cutting-edge custom system-on-chip design solutions tailored to emerging technologies in various sectors. Kaynes Semicon and 7 Rays Semiconductors are thrilled to...

Learn From Leaders

Andy C Mackie, Principal Engineer - Advanced Materials, Indium Corporation

“Our Multi-Alloy System Enables Solder Joints To Form At Lower Processing Temperatures Without Sacrificing...

0
Liquid metal-based thermal solutions offer efficient cooling but face challenges like spillage and thermal resistance in ultra-thin layers. Akanksha Sondhi Gaur and Nijhum Rudra...
S.K. Yadav of RIGOL Technologies

“Our India Business Is $2 Million, With A Goal To Reach $6 Million” –...

0
In a chat with EFY’s Nitisha, S.K. Yadav of RIGOL Technologies highlights the company’s journey in India, shedding light on its growth prospects and...
Bejoy George, Managing Director- Chipmax Designs Private Limited,

“We Are Advancing R&D Projects To Develop Modular Assembly Lines With Adaptive Robotics” –...

0
How do you envision technological progressions influencing the future of manufacturing operations? Get informed from Electronics for You’s Akanksha while in dialogue with Bejoy...
Srinivas Parikshith, Co-founder of Auckam Technologies

“We Anticipate Turnover Reaching 40 Million Rupees Next Year With The New Product Line”...

0
Discussing the electronics manufacturing sector, Srinivas Parikshith, Co-founder of Auckam Technologies, talked to EFY’s Nitisha Dubey about their expansion plans to set up a...

“We Bring Intelligence Early On Into The Design Cycle” – Michel Van Cotthem VP...

0
With a solution embedding intelligence early in the design-to-source lifecycle, Supplyframe aims to leverage India’s electronics manufacturing boom. At IEW 2024, Michel Van Cotthem...

Startups

HKTDC Electronics Fair Sparks Innovation, 60,000+ Participants!

0
Showcasing cutting-edge tech, global innovation, and booming markets for the future of electronics, HKTDC’s Hong Kong Electronics Fair and electronicAsia drew 60,000+ professionals. Last month,...
Applied Materials Representational Image

Applied Materials Selects Six Startups For Deep-Tech Accelerator Programme

0
The selected deep-tech startups will be evaluated for investment by Applied Ventures and potential collaboration opportunities with Applied Materials. In collaboration with the company's India...

Space tech Startup Akash Secures $68M CHIPS Funding

0
Eyeing to power into AI, EVs, and more high-tech industries, Akash Systems lands $68 million CHIPS grant to boost its cooling tech facility, generating...

Wireless Light-Based Communication With Velmenni’s Technology

0
Velmenni is at the forefront of wireless communication innovation with its pioneering light-based technologies, Li-Fi and LC Link. Founded by Deepak Solanki in October 2014...

Harnessing AI Technology For Efficient Pest Management

0
AI-Genix, an agri-tech startup, is transforming pest management for farmers through advanced AI-enabled systems that precisely target harmful pests. In an industry where pesticides and...