India LED lighting market opportunities heavily
With the Indian government intends to fight the East Asia and the Gulf States, India create lighting products export hub, Osram, Toshiba and other international companies have India as a production base for the global market, so the Indian LED lighting market in domestic and external demand is huge, next two to three the market will grow rapidly. 2020 LED lighting market is expected to reach 1.715 billion US dollars.
India LED lighting market is in the early growth stage, local supply chain is not complete, although India has a certain number of assembly, design and manufacture of LED lighting company, but the LED chips and LED packaging entirely dependent on imports, and some large-scale LED lighting companies even direct imports from China finished or assembled their own semi-finished products from China later; small businesses become more dependent on imports. The next two years, although the Indian government will continue to encourage domestic manufacturing of lighting products over-reliance on imports situation will improve, but on the middle reaches of the chain missing situation is difficult in a short time to change.
LED industry development in India has been the Indian government's support, the government issued a series of dimensions from various policies to support the development of the whole industry, the core of which is the Indian National street plan (SLNP) and India Efficient Lighting Program (DELP), which public works tenders two projects also covers the current one-third of the local market.
In order to promote the popularity of LED lighting products, the Government of India in the official standard case continue to drive down the price of the product, but also continuous improvement of LED product specifications, but space is very limited profits for manufacturers, the business opportunities and challenges.
At the same time in order to improve the quality of products, the Government of India for the product implemented some standards, lighting products into the Indian market trafficking needs to have BIS certification, and since 2017, the government mandated the manufacturer label on LED products in the energy efficiency labeling, the whole lamp efficiency to reach at least 90lm / W.
Indian lighting market channels, there are four: engineering standard case, lighting market, retail outlets and electronic business platform, works tenders accounted for the largest share of the Indian LED lighting sources, more than 35%. Mainly because the Indian government to actively promote lamps facelift. LED lighting market in the sale of lighting products also occupy a larger proportion.