Netscribes’ latest market research report titled Lighting Industry in India 2015 analyses theIndian lighting market into four broad dimensions, based on applications, technologies,geographies and end-market structures. It tracks the domestic production of different lightingequipment, such as lamps, LEDs and luminaires. Incandescent lamps dominate the non-LEDlighting market, followed by CFL lamps and other fluorescent lamps. However, the market forincandescent lamps is shrinking, as people migrate to more energy-efficient and cost-effectivesources of light. This is strongly reflected in the urban lighting usage pattern, where the share ofincandescent lamps has shrunk to just one-fourth. In terms of growth, the Indian LED lightingmarket has outpaced non-LED lighting market by over four times and holds the most potential.
Today, the Indian lighting market has evolved and offers specialized products such as moodenhancinglights, LED candles and decorative lights.
Since the opening of Foreign Direct Investment (FDI) in retail, the lighting market in India hasseen the entry of several international players. On the other hand, domestic players haveexpanded their presence throughout the country. The growth in Indian lighting market hasbeen fuelled by the increase in disposable income, growing consumption in rural segment, risein organized retail, boom in real estate sector, changing lifestyle of consumers, increasingavailability of credit, improvement in rural electrification and the growing population. However,players are also facing challenges such as competition from unorganized segment, depreciationof Rupee and rise in energy costs, lack of consumer awareness about energy-efficient lightingand high import dependency.