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Frost & Sullivan: Government Impetus, Adoption across Segments and Standardization Efforts to Influence Impressive Growth in the Indian LED Lighting Market


July 2, 2013 - Mumbai, Maharashtra, India

Increasing awareness of energy efficient technologies as well as the growing efficacy of LED Lighting products is triggering massive growth in the Indian LED Lighting market even as it battles the challenges of high costs, penetration of sub-standard products and lack of an ecosystem for indigenous manufacturing.

Frost & Sullivan’s Electronics & Security Practice is proud to host its 3rd Annual Executive Congress on the Indian LED Lighting Market titled, ‘Towards a Brighter, Greener India’ on July 9th, 2013 at Le Meridien in New Delhi, which will address the various challenges faced by LED Lighting suppliers and end users.

Frost & Sullivan’s recent research on the LED Lighting market in India estimates that the market will grow at a CAGR of 43.9 percent from 2011 to 2018 and scale revenues of US$ 1.2 billion by 2018. Research further highlights that faster RoI, higher price-performance value, and Government thrust are enabling faster acceptance and adoption of LED Lighting in India.

“Having tracked this highly dynamic market for the past four years, Frost & Sullivan is confident that LED Lighting will grow significantly in the near future, cannibalizing traditional lighting technologies. But, its penetration largely depends on standardization, Government thrust, awareness, and affordability,”said Deepa Doraiswamy, Industry Manager, Electronics & Security, Frost & Sullivan.

Some of the other key takeaways at the summit would be: An interactive session on ‘LED Lighting Adoption and Standards’; Case study presentation on ‘Best Practices in Implementation of LED Lights for a Manufacturing Plant’; LED Lighting as an Enabler for Energy Efficiency – Initiatives, Challenges, and ROI; LED Lighting Success Case Study in Commercial Buildings - Design Implications, RoI and Specifications; Standardization - Role in Market Growth and Business Excellence. The event will culminate in a panel discussion on the topic ‘What are the critical elements for LED Lighting Growth in India?’

Apart from knowledge gathering on future prospects for the market and evolving dynamics, the event is poised to facilitate business interactions that can evolve into long-term rewarding relationships. Participants would benefit from insightful and strategic discussions involving industry experts and the opportunity to meet and network with peers and potential customers.

This event is a must-attend for all companies/ individuals with interests in the LED Lighting market in India. It promises to provide the platform for networking and engaging interactive sessions by bringing together the who’s–who of the Indian LED Lighting sector.

UL India Private Limited is the Knowledge Partner and Crompton Greaves Limited is the Industry Partner for this summit. Media Partners supporting the event are CW Interiors, Electronics Bazaar, Electronics Maker and LED Professional.

If you are interested in attending the event, then send an e-mail to Priya George/ Akshata Mhatre, Corporate Communications, at priyag@frost.com/ akshatam@frost.com, with your full name, company name, title, telephone number, company e-mail address, company website, city, state, and country. For more information on the Summit, please log on to www.frost.com/led2013

About Frost & Sullivan

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Source: Business Wire India

BusinessWireIndia

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