India - LED lighting market forecast

Date Announced: 29 Sep 2011 According to ElectroniCast, the consumption value of LED lamps in India is forecast to reach $391 million in the year 2015, representing an average annual growth rate of 59.4 percent (2010-2015).Upper Lake, California (USA) – September 29, 2011 -- ElectroniCast Consultants, a leading market research consultancy serving the photonics industry, today announced their 5-year market forecast of the consumption of light emitting diode (LED) lamps in solid-state lighting (SSL) General Lighting applications in India. According to ElectroniCast, the consumption value of LED lamps, which are used in stationary (non-vehicle) lighting, reached $37.95 million in 2010; consumption value is forecast to increase at an average annual growth rate of 59.4 percent to $390.53 million in 2015. The consumption value will increase with extremely strong rising quantity growth partially offset by declining average prices. “The Indian government is providing incentives to the country’s emerging energy-efficiency industry, including LED lighting. Also, the government is reducing excise duty and thereby eventually making LED a cost cost-effective lighting option,” said Stephen Montgomery, president of International Business. The ElectroniCast market forecast of consumption is presented for five major lamp-type categories. The lamp categories, in turn, may have multiple sub-categories, which are determined by lamp luminous flux and/or the physical size of the lamp. The market forecast is also segmented by three major End-User categories: Government; Commercial/Industrial; and Residential/Non-Specific The Commercial/ Industrial group is especially strong in the General Service lamps and PAR lamps; however, MR compatible lamps are forecast to begin replacing halogen-based MR lamps in many retail-type settings (displays and ceiling lighting), thus MR compatible lamps are forecast with an average annual growth rate of 74.5 percent in the Commercial/ Industrial application. The Commercial/ Industrial group’s use of streetlight type of flood/exterior lighting used in parking lots, campus and landscaping is forecast to maintain a consumption value, especially with the lamp’s high average selling price compared to other-types of lamps.Residential is forecast with relative strong use in the General Service lamp types; however MR compatible are also forecast with a strong market share, used in modern ceiling lighting and fixtures. Government-controlled Street Lighting is forecast to dominate the Government user segment in terms of consumption value. Overall, the LED-based Linear (tube) lamp category, which offers an alternative to the standard fluorescent tube lamps, is forecast to remain relatively minor, at least near-term (2010-2015).This market forecast report is available immediately from ElectroniCast Consultants (fee $4,200). For detailed information on this or other services provided by ElectroniCast, please contact Theresa Hosking, Marketing/Sales; [email protected] (Telephone/USA: 707/275-9397)ElectroniCast Consultants – www.electronicast.com specializes in forecasting trends in technology forecasting, markets and applications forecasting, strategic planning and consulting. ElectroniCast Consultants, as a technology-based independent forecasting firm, serves industrial companies, trade associations, government agencies, communication and data network companies and the financial community. Reduction of the risk of major investment decisions is the main benefit provided. ElectroniCast Consultants’ goal is to understand the challenges and opportunities facing clients and to provide timely, accurate information for strategic planning. ###According to ElectroniCast, the consumption value of LED lamps in SSL general lighting in India reached $59.48 million in 2010; and forecast to increase to $348.95 million in 2015; see Figure. INDIA – LED Lamps Used in General Lighting Market Forecast (Value Basis, US$ Million) Source: ElectroniCast Consultants www.electronicast.com Note: Market forecast data refers to consumption (use) for a particular calendar year; therefore, this data is not cumulative data.

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