The market for LED bulbs in the country is growing at a very steady pace and it will not be long before LED bulbs catch up with conventional bulbs. Presently the ratio is in favour of conventional bulbs with 2:1 ratio, but this will become 1:1 in the next two to two and half years.
This was communicated by R Sundararajan, president & head of Luminaires Segment, Bajaj Electricals when he was speaking to Times of India. He also said that the government’s thrust on pushing the use of LED bulbs is also a major boost for the industry.
He also said that ever since the central government has started to distribute LED bulbs to households at reduced price, the prices at the retail shops also started to reduce. Bajaj Electricals presently has 35 per cent of the market share from a total of Rs 1,100 crore pie in 2015-16.
Bajaj Electricals believe that the future for LED bulbs in the country is quite bright and it is not only households which is a big market but the industry segment is also huge. The company expects to grow by another 30 to 35 per cent in the current fiscal.
By Atanu Kumar Das
