Philips Predicts Indian LED Lighting Market to Grow to $478 million
Home » LED Panel Buyers Guide » Philips Predicts Indian LED Lighting Market to Grow to $478 million

According to Philips Electronics India, the Indian LED lighting market is expected to touch $478 million by 2015 from the current $101 million in 2011.”

Speaking to reporters here showcasing Light Next − an interactive lighting experience centre, Nirupam Sahay, president at Philips Lighting said, the growth drivers from the segment are the decline in LED prices, investment by government in energy efficient lighting systems and the quick return on investment (ROI). 

led panel lamp

According to him, Philips is uniquely positioned in the LED lighting segment across the spectrum and the company commands 30 percent market share in the domestic lighting segment.


Category: LED Panel Buyers Guide   |   Tags:
Chat with us using:       

Other Items in this category

Maxray Optical Technology Launches Frame-Less LED Panel

GE and Walmart Team Up for LED Lighting Transform on a Global Scale

New Decorative Track Lighting from Acuity Brands Adds Character to Any Space

Cree Introduces Industry’s First 8000-Lumen LED

U-TEL to Launch Dimmable GU10 MR16 LED Lamp at TILS 2014

Hua Wei Universal Enterprises Launches Rechargeable and Portable LED Work Light

TerraLUX Debuts 39-Watt PAR20 LED for Track and Landscape Lighting

Chi Lin Optoelectronics Launches Brilliant Radiance Panel