LED lighting market is growing rapidly in India
India is the world's sixth largest consumer of energy, accounting to 3.4% of global energy consumption. In fact, by 2006 India's per capita consumption is already very high. In 2006 the average annual growth in electricity production to 68 billion degrees, 75% of India's consumption of electricity derived from thermoelectric power plants, 21% comes from hydroelectric power plants, 4% comes from nuclear power. Although we have introduced a lot of favorable rural electrification projects, but there are still 400 million people in India, they will be lost in a large area blackout electricity supply, 80 percent of these people have a power line.
With India's rapid progress of urbanization and industrialization in India for a large surge in electricity demand, while consumer consumption is also a lot of growth. Lighting power load in India accounted for 12% discount if you put it into carbon dioxide released, for thermal power, for a total energy consumption will result in 52.5 billion tons of carbon dioxide emissions is only used for lighting. Therefore, with the energy saving features of the LED demand growth, according to data, if 25% of the Indian lighting system power load into LED lighting load, carbon dioxide emissions will be able to directly reduce emissions by 25%, equivalent to a year in India, its value of about 1.3 billion euros, which is a huge market.
It is reported that India's LED lighting market's overall growth rate will be 41.5% until 2015. 2009 is only $ 49 million, which represents 3.1% of the lighting market, which means that market space and potential.
India's demand for LED tube light products mainly rely on imports, in 2004 India's imports amounted to 6,470 LED million U.S. dollars, in 2005 imports had increased to 7,123 million U.S. dollars, in 2006 LED imports reached U.S. $ 88.5 million, annual growth rate of more than 11.93% to 2010 India is expected to more than 1 billion U.S. dollars, breaking the 12% annual growth, the global LED market in considerable development potential in emerging markets.