360° Coverage : India Lighting Source Market is Set to Grow at 28% CAGR Till...

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India Lighting Source Market is Set to Grow at 28% CAGR Till 2018 Says TechSci Research

Oct 9 2013, 6:19am CDT | by PR.com

Increasing infrastructure investment, rising disposable income coupled with urbanization and awareness for energy efficiency will drive the lighting source market in India.

Burnaby, Canada, October 09, 2013 --(PR.com)-- The growing construction, automotive and infrastructure industries in India have been identified as the key growth contributors to the lighting...

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51 weeks ago

India Lighting Source Market is Set to Grow at 28% CAGR Till 2018 Says TechSci Research

Oct 9 2013, 6:19am CDT | by PR.com

Increasing infrastructure investment, rising disposable income coupled with urbanization and awareness for energy efficiency will drive the lighting source market in India.

Burnaby, Canada, October 09, 2013 --(PR.com)-- The growing construction, automotive and infrastructure industries in India have been identified as the key growth contributors to the lighting source market. According to the recently published TechSci Research report ‘India Lighting Source Market Forecast & Opportunities, 2018’, the lighting source market in India is expected to grow at the CAGR of 28% during 2013-2018.

According to the report the major players operating in the Indian lighting source market include Philips Lighting India, Surya Roshni, Crompton Greaves, Bajaj Electrical and Wipro. It adds that most of the traditional lighting sources are being manufactured in India. The import of lighting sources is impacted by the Anti-Dumping Duty which restrains the imports of lighting sources in India.

Analyzing the trends, the TechSci Research report mentions that the electricity demand has surged over the past few years as a result of rapid industrialization and urbanization in India. Also, the real estate and infrastructure sectors have witnessed growth of over 10% over the last five years. There is also an influx of new residential and commercial infrastructure projects across Tier I and Tier II cities. These trends are fuelling the growth of lighting industry i.e. lighting source and lighting fixtures.

The report also reveals some very critical info on the lighting source market in India. It mentions that within the lighting source market, incandescent bulbs dominate the market because of its high penetration in rural areas along with easy and low price availability. Even though the government is increasing its efforts aimed at promoting the usage of CFLs (Compact Fluorescent Lamp), the penetration of incandescent bulbs in India continues to remain high.

‘India Lighting Source Market Forecast & Opportunities, 2018’ report also highlights the growing significance of energy efficient lighting. As a result of increasing focus towards energy efficiency, the lighting source manufacturers are emphasizing on energy efficient lighting. According to the report, the sales of LEDs (Light Emitting Diode) are expected to grow at a faster rate than all the other traditional lighting sources.

“The penetration level of LEDs is anticipated to increase as the government is in the process to standardize and promote LEDs as an efficient lighting source. However, the high price of LEDs can be attributed as the key reason for its low market penetration, restricting its usage in urban markets,” said Mr. Karan Chechi, Research Director, TechSci Research.

‘India Lighting Source Market Forecast & Opportunities, 2018’ has evaluated the future growth potential of India’s lighting source market and provides statistics and information on market structure, statistics and trends. The report includes lighting source projections and demand forecasting. The report is intended to provide cutting-edge market intelligence and help decision makers to make sound investment evaluations. Besides these, the report also identifies and analyzes the emerging trends along with essential drivers, challenges and opportunities available in lighting source market in India.

Contact Information:
TechSci Research
Ken Mathews
+1 646 360 1656
Contact via Email
www.techsciresearch.com
2950, Boundary Road,
Burnaby, British Columbia,
Canada – VM5 3Z9

Read the full story here: http://www.pr.com/press-release/520447

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Update
11

1 hour ago

Strong growth in hiring expected this month

Oct 2 2014 7:59am CDT | Source: New Mexico Business Weekly

Hiring rates are expected to reach four-year highs in the month of October, according to a survey released this morning by the Society for Human Resource Management. About 45 percent of manufacturing companies and 40.7 percent of service-sector employers will add jobs this month — a 3.5 point rise in hiring for manufacturing and a 3.4 point increase for the service-sector industry compared to a year ago, according to the report. October also will mark the seventh straigh ...
Source: New Mexico Business Weekly   Full article at: New Mexico Business Weekly
 

 
Update
10

1 hour ago

Loonie rises for 2nd day as greenback weakens, oil slides below US$90 a barrel

Oct 2 2014 7:51am CDT | Source: Canadian Business Online

TORONTO – The Canadian dollar was higher Thursday as the American currency softened against other major currencies. The loonie was up 0.18 of a cent to 89.69 cents US following a gain of just over one-fifth of a cent on Wednesday after the greenback weakened amid a weaker than expected read on U.S. manufacturing during September. Prior to that, the Canadian currency had a dreadful September, losing over 2 1/2 US cents as the U.S. dollar strengthened amid growing speculation tha ...
Source: Canadian Business Online   Full article at: Canadian Business Online
 

 
Update
9

1 hour ago

SBA gives grant to create innovation hub in NM

Oct 2 2014 7:49am CDT | Source: New Mexico Business Weekly

The Small Business Administration has awarded Emerging Technology Ventures a $547,205 grant to establish a Regional Innovation Cluster in Alamogordo. ETV, in partnership with the state and other partners, will establish an 85,000 square-foot site that includes 3D tools to develop prototypes and help with manufacturing, as well as co-working space to provide support for startups. According to a statement issued by Sen. Tom Udall (D-NM) and Sen. M ...
Source: New Mexico Business Weekly   Full article at: New Mexico Business Weekly
 

 
Update
8

3 hours ago

Economy added 213,000 jobs in September

Oct 2 2014 5:37am CDT | Source: Orlando Business Journal

Private-sector employment increased by 213,000 from August to September, according to a report issued Wednesday by ADP, a national personnel-management company. Goods-producing employment rose by 58,000 jobs, and the construction industry added 20,000 jobs over the month. Companies in the manufacturing field added 35,000 jobs in September, the highest total in that sector since May 2010, according to the report. Growth was rep ...
Source: Orlando Business Journal   Full article at: Orlando Business Journal
 

 
Update
7

4 hours ago

Inside the world's largest aluminum-lithium plant

Oct 2 2014 5:06am CDT | Source: CNBC

Alcoa opened a new plant on Thursday, the latest installment of its aggressive $90 million expansion in ...
Source: CNBC   Full article at: CNBC
 

 
Update
5

4 hours ago

Global stocks lower on slow manufacturing in Germany and Europe, Ebola worries

Oct 2 2014 4:58am CDT | Source: Canadian Business Online

SEOUL, South Korea – Global stock markets were lower on Thursday amid worries about the strength of U.S. and European recoveries and the first American case of Ebola. KEEPING SCORE: Britain’s FTSE 100 index fell 0.5 per cent to 6,527.51 points and Germany’s DAX declined 0.4 per cent to 9,345.99. France’s CAC 40 dropped 0.5 per cent to 4,343.72. Futures augured a lukewarm start for Wall Street, with the D ...
Source: Canadian Business Online   Full article at: Canadian Business Online
 

 
Update
4

16 hours ago

China manufacturing steady in September

Oct 1 2014 5:04pm CDT | Source: Business Times Singapore

October 02, 2014 1:33 AMCHINESE manufacturing held firm in September, coming in slightly above expectations and painting a mixed picture of the world's second largest economy which is ...
Source: Business Times Singapore   Full article at: Business Times Singapore
 

 
Update
3

16 hours ago

Manufacturing traces choppy course, despite PMI uptick

Oct 1 2014 5:04pm CDT | Source: Business Times Singapore

October 02, 2014 1:32 AM[SINGAPORE] Singapore's manufacturing continued on its choppy course in September - a sign that the long-awaited recovery is still patchy at bes ...
Source: Business Times Singapore   Full article at: Business Times Singapore
 

 
Update
2

17 hours ago

How the Dow Jones industrial average and other major indexes fared on Wednesday

Oct 1 2014 4:05pm CDT | Source: Canadian Business Online

It was a rough start to October for financial markets Wednesday, with the Dow Jones industrial average dropping more than 200 points as investors reacted to a round of negative economic news in the U.S. and abroad. At first stocks were driven lower by word that German manufacturing had slowed last month. The selling accelerated after a separate survey indicated U.S. manufacturing slowed as well. On Wednesday: The Dow Jones industrial average lost ...
Source: Canadian Business Online   Full article at: Canadian Business Online
 

 
Update
1

19 hours ago

Commerce Dept. leader to visit Wichita for manufacturing announcement

Oct 1 2014 2:18pm CDT | Source: Wichita Business Journal

Jay Williams, the U.S. assistant secretary of commerce for economic development, will visit Wichita State University Friday for a special announcement on advanced manufacturing. Williams will join Kansas Gov. Sam Brownback, WSU president John Bardo and WSU vice president for research and technology transfer John Tomblin for the 1:30 p.m. announcement at the Marcus Welcome Center, 1845 Fairmount St. ...
Source: Wichita Business Journal   Full article at: Wichita Business Journal
 

 

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