With manufacturing cost witnessing a decline every year and various government initiatives backing LED adoption, the LED lighting market in country is anticipated to grow robustly through 2020. Moreover, rising consumer awareness about cost-effectiveness and eco-friendliness of LED lights would continue to drive volume sales from the residential and well as commercial sectors.
“India LED Lighting Market Forecast & Opportunities, 2020”highlights that considering the growing adoption of LED lighting, various major players are planning to set up their manufacturing units in India in future. A few of the leading players operating in the India's LED lighting market, however, various new entrants are expected in foray into the market in the coming years as well.
The report has evaluated the future growth potential of Indian LED lighting industry and provides statistics and information on market structure and consumer behavior trends. The report includes LED lighting projections and demand forecasting. The report is intended to provide cutting-edge market intelligence and help decision makers to take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges and opportunities in LED lighting market in India.