India LED lighting market is "potential shares"
India, a people in mind engraved with a long history, open the national impression, has always been a magical country. According to statistics, India now has 1.3 billion people, by virtue of the demographic dividend brought about by strong domestic demand and active manufacturing, he has become the world's fastest-growing economy, one of the countries. However, with the dramatic economic growth in sharp contrast to the country's infrastructure is still very weak. More than 80 million people are still using kerosene lamps, 70% of the roads have not yet erected street lamps.
Such a description of the situation, it was natural to see poverty and backwardness, it was smell infinite business opportunities. In fact, the huge domestic demand and energy-saving renovation project, India's LED lighting market has shown a rapid growth momentum in the past 2015, its market size has reached 924 million US dollars. More research report pointed out that the rapid development of lighting market in India in 2016, the country's LED lighting market reached 11.4 billion US dollars, up 47.1%.
As the Indian government intends to India as East Asia and the Gulf countries lighting products export hub, Osram, Toshiba and other international manufacturers have India as a global market production base, so the Indian LED lighting market, domestic demand and external demand is huge, the next two or three Year market size will continue to grow rapidly. Estimated 2020 climbed to 1.715 billion US dollars. Coupled with the previous Moody's government proposed UJALA plan, that is, the replacement of all inefficient light bulbs with efficient energy-saving lamp plan, is optimistic about the outside world is expected to become India's largest LED lighting system market.
A foreign research institutions even bluntly, the next 3-5 years, India or will achieve localization of LED lighting manufacturing (China, Taiwan and other enterprises set up factories in India also included in the localization of manufacturing), from importing countries to exporting countries, A direct result of China's LED light source products in the meager profits will be further squeezed. In the foreseeable future, India may even become China's lighting products, the biggest competitor.
Indeed, for the current LED industry, although the Chinese market is also a big cake, but in view of excess capacity and price competition, the development of new markets is still very necessary. At present, India as a deep potential of emerging markets, has attracted many leading international manufacturers began to attack, and as the next production base. Not only because of China - India preferential tariff policy, but also because of its market itself, "good" to stimulate.
To explore the potential of the Indian lighting market, China's LED lighting business is clearly not after the hindsight, but has long been the surge in the size of the export of the occupation of the market. According to China's customs data show that from 2011-2015, China's total exports of LED lighting products in India has been in a state of rapid growth. China's exports of LED lighting products in 2015 totaled 200 million US dollars, representing an increase of 42.1% over the same period in 2014.
Relevant data show that from January to December 2015, India LED lighting products import countries, China accounted for 75.4% of imports in the first place. From the export volume and unit price analysis, China's exports of LED lighting products in India are showing "the amount of price reduction" phenomenon. China's exports of LED lighting products in 2015 the number of 85.16 million (pieces \ sets), compared with the same period in 2014 increased by 94.6%, unit price of 1.7 US dollars / (pieces \) than in 2014 fell 23.7%.