Analysis Of Indian Lighting Market - LED Lighting Is The High Growth Sub-Category: ICICI Securities

BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy..ICICI Securities Report.India lighting market, ~Rs 212 billion in size, is largely dominated by the organised sector (~65% share). We believe organised players such as Bajaj Electricals Ltd. and Crompton Greaves Consumer Electricals Ltd. would likely be the net beneficiaries of a further share shift away from the unorganised segment.LED lighting is a high growth sub-category which alone is expected to reach Rs 259 billion by FY23 (86% of overall lighting market). Energy efficiency and longer life of LED lights make them competitive against conventional lighting. Phillips India Ltd. dominates the lighting market with a pie close to 14%. Bajaj Electricals and Crompton Greaves have market share of 10% and 9%, respectively..Click on the attachment to read the full report:.DISCLAIMERThis report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BloombergQuint..Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

Analysis Of Indian Lighting Market - LED Lighting Is The High Growth Sub-Category: ICICI Securities

Analysis Of Indian Lighting Market - LED Lighting Is The High Growth Sub-Category: ICICI Securities

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