China LED lighting companies need to develop the Indian market

India has a population of 1.215 billion in 2013, the population density of up to 372.8 persons / km2. Total population after China. Where the total length of 3.85 million km of highways. National Highway mileage over 67,000 km, railway mileage of 64,000 km there. India’s economic growth and China closer, development issues facing the country 10 years ago, a similar comparison with China. Electricity infrastructure, public facilities and even native plants are very weak. Light still using kerosene lamps population of over 80 million people, more than 70% of the road did not set up lights. India’s focus on increasing investment in the New Deal public works, projects that benefit. To create “Made in India”, “Clean India”, “Digital India.” Improve the domestic investment environment to attract foreign investment. IMF and Goldman Sachs, Moody’s and other international agencies generally optimistic about India’s economic growth prospects.

China LED lighting companies need to develop the Indian market

International lighting giant OSRAM, PHILIPS have set up R & D centers or manufacturing plants in India. Japan’s Matsushita Lighting, Toshiba Lighting also set up factories in India in recent years. Where indoor lighting, international brand market share of over 60%; about lights and other outdoor lighting, landscape lighting market share of 50% of international brands; top-ranking local businesses HAVELLS, WIPRO, SYSKA, Bajaj, OREVA and other products related to the LED light source products, lights, and other outdoor ceiling light, commercial lighting products.

By 2010-2014 five-year data, we can understand that the Indian LED lighting market through import growth performance is outstanding. From 2010 more than one million US dollars five LED lamps rapid import growth to 2014 of $ 47,920,000. CAGR of 74.34%; the growth in demand in India show rapid outbreak of the local market, the rapid growth of demand for imported products. The analysis from the major importing countries, 2010 data, the Chinese export Indian market LED lamps only $ 770,000; accounting for 23.8%; mainly from non-developed countries, to look at the year 2013 import data, China exported to India $ 12,220,000; accounting for 56.3%; South Korea’s exports of India $ 2.34 million, accounting for 10.8%; the other the United States, Japan, China, Hong Kong, Germany, Italy and other countries accounted for the remaining 33.1%; into the year 2014, India imported LED lamps for $ 47.92 million total, of which China exports $ 29,910,000, accounting for 62.4%. Came in second in Japan, exports amounted to $ 4.87 million, accounting for 10.2%; China, Hong Kong, India exports $ 4.73 million, accounting for 9.9%; other UK, Malaysia, Germany, the United States and other countries and regions accounted for the remaining 17.4%; imported LED lighting market concentration quickly acquired by China.