- The key vendors in the Lighting Market in India 2014-2018 are Bajaj Electricals Ltd., Philips Lumileds Lighting Co. and Surya Roshni Ltd.
London, 08 October 2014: TechNavio, an independent tech-focused global research firm, has announced the publication of its market research report on the Lighting Market in India 2014-2018. One key trend emerging in this market is the phasing out of incandescent bulbs as they consume more electricity and have limited lifetime. Incandescent bulbs are being replaced with CFL, FTL, and LED lamps. The market is expected to grow at a CAGR of 18.38 percent during the forecast period during 2013-2018.
“The use of LED lighting in households can reduce the electricity consumption and electricity costs. LED lighting has an extended lifetime compared with other lighting systems,” says Faisal Ghaus, Vice President of TechNavio Research.
“The Commercial sector has adopted LED lighting because of low electricity consumption and reduced operational costs.”
To define the market conditions in the next 3-4 years, TechNavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.
https://www.technavio.com/%3Cp%3EIf%20you%20are%20interested%20in%20more%…
