India will become the largest LED lighting system market

In the global economy is still in the doldrums, India's rapid economic growth is quite dazzling. As a potential emerging market, has attracted many international leading manufacturers began to attack, and as the next production base. International lighting giant OSRAM, PHILIPS are set up in India R & D center or manufacturing plant. According to the foreign media, "India Times" reported that thanks to the Moody's government proposed UJALA plan, that is, with all the efficient energy-saving lamps to replace all inefficient bulb plan, India is expected to stand out, become the largest LED lighting system market.

Huge domestic demand and energy-saving projects, so that India's LED lighting market showed rapid growth momentum, the market size of 2015 has reached 924 million US dollars, the study pointed out that the 2016 LED lighting market reached 11.4 billion US dollars, the annual growth of 47.1%. Estimated to rise to $ 1.715 billion in 2020.

Foreign research firm TechSci said that in the foreseeable future, perhaps 3-5 years, India will achieve the localization of LED lighting source manufacturing (China, Taiwan and other enterprises in India set up factories are also included in the localization of manufacturing), by the importing country For the exporting country, leading to China in the LED light source products on the meager profits will be further squeezed. For the foreseeable future, India is likely to be the largest competitor to China's lighting products.

Chunjiang plumbing duck prophets, China LED lighting business has long been to see the potential of the Indian lighting market, and the surge in the export volume of the occupation of the market. From China's customs data that 2011-2015 China's total exports of LED lighting products in India has been growing in a state of rapid growth. China's exports of LED lighting products in India in 2015 amounted to 200 million US dollars, an increase of 42.1% over the same period in 2014. And data show that in January-December 2015, India's LED lighting products imported countries, China accounted for 75.4% of imports in the first place.

From the export volume and unit price analysis, China's exports of Indian LED lighting products show the phenomenon of the price increase. China's exports of LED lighting products in India in 2008 to 85.16 million (pieces \ only \ sets), compared with the same period in 2014 increased by 94.6%, priced at 1.7 US dollars / (pieces \ only \ sets) than in 2014 fell 23.7%.