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Analysis of the lamp market in India

Analysis of the lamp market in India Analysis of the lamp market in India
Release date 08.10.2021
Number of pages 38
Formats DOCX, PDF
Cost 45000 ₹

The relevance of research

The luminaire market is in a state of constant modernization. Outdated equipment is being replaced with new LED technologies. Modern systems offer not only better lighting, but also automatic control of it.


Purpose of the study

Analysis of the state of the luminaire market in India, assessment of the market size, analysis of competitors, as well as identification of factors affecting the luminaire market


Content 

Part 1. Overview of the Indian luminaire market

1.1. Main characteristics of the market
1.2. Dynamics of the market volume of lamps 2016-2020 Potential market capacity
1.3. Assessment of factors affecting the market
1.4. Stage of the life cycle of the luminaire market
1.5. Competition from substitute products

Part 2. Competitive analysis in the luminaire market

2.1. Major players in the market
2.2. Market shares of the largest competitors
2.3. Profiles of major players

Part 3. Analysis of the production of luminaires

3.1. Volume and dynamics of domestic production of lighting fixtures
3.2. Share of exports in the production of lamps
3.3. Segmentation of luminaires production by regions
3.3.1. Production by Union Territories
3.3.2. Production by states of India

Part 4. Analysis of foreign trade deliveries of lamps

4.1. Volume and dynamics of luminaire imports
4.2. Import structure
4.3. Volume and dynamics of luminaire exports
4.4. Export structure

Part 5. Luminaire consumption analysis

5.1. Dynamics of luminaires consumption volume
5.2. Analysis of the results of tenders for the purchase

Part 6. Price Analysis

6.1. Average producer prices by union territories
6.2. Average consumer prices by states in India

Part 7. Assessment of factors of investment attractiveness of the market

Part 8. Forecast for the development of the luminaire market until 2025

Part 9. Recommendations and conclusions


Research excerpt 

Part 1. Overview of the Indian luminaire market

1.1. Main characteristics of the market

The luminaire market is in a state of…
Most of the Indian market is made up of companies…

The largest LED manufacturers in India organized …
Many businesses support the program...
However, the lighting market is dominated by … products, the share of which in general has … Since 2016, the share of imported products has … p.p. and by the end of 2020 amounted to …%.

Diagram 1. The ratio of imported and domestic products in the lighting market, 2016-2020, 

The covid-19 coronavirus pandemic has had an impact on …

1.2. Dynamics of the market volume of lamps 2016-2020 Potential market capacity

The volume of the luminaires market in 2016-2020 annually ... Over a five-year period, the market … billion Rs.
At the end of 2020, the volume of the lighting market amounted to … billion Rs., … 2019 by …%. A significant influence on market volume fluctuations is exerted by …
Constant improvement of urban infrastructure, the introduction of innovative lighting solutions will ... There is also a need of the population for ... GidMarket analysts estimate the potential market capacity at ...%.

In the structure of revenue from the sale of fixtures throughout the entire study period, … Union Territories dominated, occupying …% in 2020 in the total volume. The second place is occupied by … Union Territories with a share of …%. The leading positions of these federal districts are associated primarily with …

Diagram 3. Revenue (net) from the sale of lamps in the union territories for 2016-2020, %

1.3. Assessment of factors affecting the market

The main factors traditionally influencing the Indian market and shaping development trends by industry are socio-demographic, technological, economic and political groups of factors. 

Economic

GDP dynamics

GDP is a macroeconomic indicator that reflects the market value of all final goods and services produced in a year in all sectors of the economy on the territory of the state for consumption, export and accumulation. 
The dynamics of India's GDP is decisive in the vector of development of the entire economy of the country and determines the key trends in consumer effective demand and economic activity.
In 2012-2014 GDP growth rate was …, but constantly …, and in 2015 it was …. In 2015, which was the peak of the crisis in the state, the decline in GDP amounted to …% compared to the previous year of 2014, and since the dynamics of GDP is directly proportional to welfare …
In 2016, GDP …, at the end of 2017, this indicator shows …
According to the results of 2017-2019, the dynamics of GDP is positive, but …

In 2020, the decline in India's GDP, according to …, amounted to …%. This is the biggest drop in GDP since 2009, when the country's economy shrank by …%. According to Rosstat, the decline in GDP is mainly due to …

India's GDP, according to the Ministry of Economic Development, in January-May 2021 grew by …% compared to the corresponding period in 2020, while in April 2021 it grew by …
...

Социальные
...
technological
...
Political
...

Concluding the assessment of the impact factors on the Indian lighting market, we will summarize the key ones in the framework of the STEP analysis.

Table 1. STEP analysis of factors influencing the luminaire market

According to the results of the performed STEP-analysis, macro-environment factors have an impact on the development of the luminaires market ... however, due to a sharply negative impact on the market ...
Among the positive factors it should be noted…

1.4. Stage of the life cycle of the luminaire market
...

1.5. Competition from substitute products
...

Part 2. Competitive analysis in the luminaire market 

2.1. Major players in the market 

The lighting market in India is still ... After the imposition of sanctions, it began ... Here is a list of the largest companies participating in the lighting market as of 2020, which ...

2.2. Market shares of the largest competitors 

As of 2020, the largest operator of the lighting market in India, according to GidMarket, is the company …, whose share is …%. LLC “…” and LLC “…” occupy …% and …% of the market, respectively. The share of … Other market participants is much lower than …% of the luminaires market. 

Diagram 10. Shares of the largest competitors in the lighting market in 2020, %

In terms of competitive concentration, the market belongs to … (Herfindahl-Hirschman index (HHI …). …

2.3. Profiles of major players

… “…”
...

Part 3. Analysis of the production of luminaires

3.1. Volume and dynamics of domestic production of lighting fixtures
Production of Indian lamps … in 2017 by …%. This … was …, since back in 2013 the production of lamps in India amounted to … million pieces. Also … in 2017 was affected by the growth of …
Since 2018, the production of lamps in India has been annually … At the end of 2020, Indian production amounted to … million pieces, which is …%. 

Diagram 11. Dynamics of production volumes of lamps in India for 2016-2020, million pieces

Revenue of industry leaders annually …. The GidMarket company estimates that in 2020 the total revenue of the TOP-5 lighting manufacturing enterprises amounted to … billion Rs., having increased by …% compared to 2019.

3.2. Share of exports in the production of lamps

The share of exports in the market of lighting fixtures has … dynamics. In 2018, the share of exports in the study period was …%. At the end of 2020, the share of exports in production amounted to …%, which is higher than the level of 2016 by … p.p.

3.3. Segmentation of luminaires production by regions
3.3.1. Production by Union Territories

The largest share in the production of fixtures for the period 2016-2020. invariably occupy ... and ... Union Territories. In 2020, … The Union Territories accounted for …% of the production of lamps, the share of …

3.3.2. Production by states of India

The top five leading regions in terms of luminaire production in 2020 included … (…%), … oblast (…%), …

Part 4. Analysis of foreign trade deliveries of lamps

4.1. Volume and dynamics of luminaire imports

During 2016-2020 The dynamics of imports of lighting fixtures to India is ... So, in 2017, the volume of imports …% due to a significant increase in supplies from … (… thousand tons or …% by 2016) and … In 2018, the volume of imports …% relative to 2017 - ...

At the end of 2020, imports of lighting fixtures to India amounted to …% and amounted to … thousand tons. … at the same time, in 2020, it reduced supplies by … thousand tons, … thousand tons. 
In value (dollar) terms, the dynamics of ... In 2020, the volume of imports of lighting fixtures amounted to … million dollars, which is by …% in 2016. In ruble terms, the volume of imports in 2016-2020. …%, which is primarily related to …

4.2. Import structure

In the context of importing countries, … throughout the entire study period occupies a strong leading position, which it increased from …% in 2016 to …% by the end of 2020. In 2020, other countries account for only …% of lamp imports to India.

4.3. Volume and dynamics of luminaire exports

Luminaire export dynamics in 2016-2020 It has ... 
The value of the indicator is within … thousand tons. According to the results of 2020, deliveries abroad …%, mainly due to …

The volume of export of lamps from India in monetary terms in 2020 amounted to … million US dollars. A drop compared to 2019 is …%, compared to 2016, …%. The highest export value for the period 2016-2020 noted in … year with an indicator of … million US dollars.
Foreign trade balance in the lighting market in 2016-2020 is in the zone of … values: import deliveries … In 2020, the balance amounted to … billion Rs., which became …

Diagram 19. Balance of exports and imports, 2016-2020, million Rs.

4.4. Export structure

The main volume of lamps, in value terms, exported from India in 2020 was supplied in … – …%, … – …% and … – …%. To every other country India has exported...

Part 5. Luminaire consumption analysis

5.1. Dynamics of luminaires consumption volume

Estimation of the volume of consumption of lamps was made by GidMarket analysts based on the ratio ... 
The dynamics of consumption of lamps annually shows ... Since 2016, consumption of …% from … to … Rs./person. in 2020 

5.2. Analysis of the results of tenders for the purchase

In 2020, the number of tenders that mention lamps increased by …% compared to 2019. The largest tenders are held by companies for …
In addition to lighting fixtures, purchases often require ...
Due to the large number of tenders for the purchase of lighting fixtures, the table includes completed tenders with contract amounts of more than 100 million Rs.

Table 6. Data on tenders for the purchase of lighting fixtures announced in 2020 - Jun. 2021, with NMTsK more than 100 million Rs.

Purchase of lighting fixtures from NMTsK more than 100 million Rs. for the study period were announced in … regions. The leader was … oblast with a share of …%. In second place …
Among the customers of lighting fixtures in terms of the total amount of tenders, LLC “…” is in the lead – …%, PJSC “…” – …%, …

Part 6. Price Analysis

6.1. Average producer prices by union territories

Manufacturers' prices in the luminaire market are presented ...
The average price of manufacturers in 2020 amounted to … Rs./piece, in the first half of 2021 the cost of fixtures from manufacturers was …%. At the same time, the most expensive fixtures are from … manufacturers of the federal district – … Rs./pcs. in Jan.-Jun. 2021

6.2. Average consumer prices by states in India

Luminaire prices vary depending on...
The simplest Indian-made models can be bought for …
According to Rosstat, the average consumer prices for a ceiling lamp for 2016-Jun. 2021 …%. The average retail price for the first half of 2021 in the Indian market was … Rs./pcs. The highest prices are noted in … – … Rs./pcs. and … – … Rs./pc. Cheapest ceiling lights in …

Part 7. Assessment of factors of investment attractiveness of the market

… factors of the investment climate of the lighting market dominate over … A comprehensive assessment of investment attractiveness factors is … points – … investment climate. 

The most significant positive factors. …
The most significant negative factors. …

Part 8. Forecast for the development of the luminaire market until 2025 
...

Part 9. Recommendations and conclusions 
...


Diagrams

Diagram 1. Ratio of imported and domestic products in the lighting market, 2016-2020, %
Diagram 2. Dynamics of the market volume of lamps, 2016-2020, billion Rs.
Chart 3. Dynamics of India's GDP, 2012-May 2021, % to the previous year
Diagram 4. Monthly dynamics of the US dollar against the rupee, Rs. for 1 US dollar, 2016-Jul. 2021
Diagram 5. Commissioning of residential buildings in India in 2010-2020, million m2 of total area
Diagram 6. Commissioning of commercial buildings in India in 2010-2020, mln m2
Diagram 7. Dynamics of the population of India, million people, as of 01 Jan. 2012-2021
Diagram 8. Dynamics of real incomes of the population of India, % to the previous year, 2012-Q1 2021
Diagram 9. Industry life cycle stage
Diagram 10. Shares of the largest competitors in the lighting market in 2020, %
Diagram 11. Dynamics of production volumes of lamps in India for 2016-2020, million pieces
Diagram 12. Dynamics of the total revenue of the largest manufacturers (TOP-5) of lamps in India, 2016-2020, billion Rs.
Diagram 13. The share of exports in production for 2016-2020, %
Chart 14. Production of lamps in India by states of India, 2020, %
Diagram 15. Volume and dynamics of imports of lighting fixtures in physical terms, 2016-2020, tons
Diagram 16. Volume and dynamics of imports of lighting fixtures in monetary terms, 2016-2020, thousand US dollars
Diagram 17. Dynamics of export of lighting fixtures in physical terms, 2016-2020, tons
Diagram 18. Dynamics of export of lamps in monetary terms, 2016-2020, thousand US dollars
Diagram 19. Balance of exports and imports, 2016-2020, million Rs.
Chart 20. Structure of exports by countries in 2020, %
Diagram 21. Dynamics of consumption of lamps in monetary terms, 2016-2020, Rs./person
Diagram 22. Shares of regions for the supply of lamps by total amount among auctions worth more than 100 million Rs. in 2020 - Jun. 2021, %
Diagram 23. Shares of lamp customers by total amount among tenders worth more than 100 million Rs. in 2020 - Jun. 2021, %
Chart 24. Forecast of the market size in 2021-2025, billion Rs.


Tables

Table 1. STEP analysis of factors influencing the luminaire market
Table 2. The main companies participating in the luminaire market in 2020
Table 3. Profiles of companies participating in the lighting market in 2020
Table 4. Dynamics of the production of lamps in India by union territories, 2016-2020, thousand pieces
Table 5. Structure of imports of lighting fixtures by importing countries in 2020
Table 6. Data on tenders for the purchase of lighting fixtures announced in 2020 - Jun. 2021, with NMTsK more than 100 million Rs.
Table 7. Average producer prices in the luminaire market by Union Territories, 2020-Jun 2021, Rs./piece
Table 8. Average Consumer Prices for Ceiling Light by State of India, 2016-Jun. 2021, Rs./piece
Table 9. Assessment of factors of investment attractiveness of the luminaires market
Table 10. Forecast indicators of the development of the Indian economy


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