Industry News

China LED lighting market will grow to US$7.4 billion in 2017
China's LED lighting market will grow to US$7.4 billion in 2017 from US$3.1 billion, as ongoing urbanization, local energy savings targets, and price cuts make the technology more appealing, according to Lux Research. Both residential and commercial segments will drive LED lighting to a compound annual growth rate (CAGR) of 24%, far outpacing the 5.6% CAGR for the br...
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03 2017.07
Budget 2017: LED companies miffed with imposition of import duty on input components
Prices of LED industry are not expected to rise as the government has also reduced excise duty on components used in manufacturing LED lights to 6%. NEW DELHI: LED lighting companies will meet power ministerPiyush Goyal against imposition of import duty on input components. Budget 2017 proposes to levy 5% basic customs duty on all parts and inputs used in manufacturing...
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03 2017.07

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