NTL Electronics India sells over 2 million LED bulbs in 2011-2012Over 5% of the total global sales(total sales 39.9 Mn units, according to industry estimates)
NTL Electronics India Limited, the Rs. 550 Cr (US$ 110 million) Lighting Electronics major from India, today announced sales of 2.19 million LED lamps for the annual year 2011-2012. The sales came in not from a whole year of operation but from manufacturing LED bulbs for 9 months during the period.
The LED lamps are the typical replacement of incandescant bulbs that are in use at homes. The number gains significance in the global context, wherein the total global sales for LED Lamps, as per industry estimates, were around 40 million. Strategies Unlimited, the leading market research firm in their forecast for 2012, pegs this number at 39.9 million for 2011.
NTL Electronics therefore garnered over 5% of the total sales of LED lamps globally.
“We believe that LED is the technology for the future and we will exploit the global design, and production strengths of Lemnis to deliver innovative solutions for Home & Commercial lighting globally. We are hopeful that we will look at cornering an even more substantial market-share in the years to come”, says Mr. Arun Gupta, MD, NTL Electronics India Ltd.
The LED market is expected to grow manifold over years, so the growth for NTL Electronics is also going to be exponential. Strategies Unlimited pegs the market at 90.82 million LED lamps by 2015.
Indian consumers, as those across the globe, are becoming more and more conscious about using sustainable, energy efficient lighting solutions.
NTL Electronics has recently entered into a JV with Lemnis Lighting, the global LED major from The Netherlands, to design, produce and sell energy efficient, LED lighting solutions for India as well as the global audience.
About NTL Electronics India Limited:
NTL began its operations in the year 1993 and started its lighting journey in the year 2002. In less than 10 years of this journey, NTL has become the largest electronic manufacturing company in the lighting industry in India. Over the years the company has grown at an impressive CAGR of 72% and has become a Rs. 424 Cr (US$ 94 million) company in the year 2010-11. In 2010, a Private Equity firm, CX Partners, picked up a 20% stake in the company.
NTL’s biggest strengths are its development and manufacturing capabilities. As a result time to market for new products is not very large. This capability allows NTL to give a large range of products to its customers, the who’s who of the lighting industry. Today, the product portfolio of NTL comprises of electronic control gears, ballasts, luminaires, retrofit CFLs, LED drivers and LED lamps
Finese PR-the communication & people consultancy
181, Anand Vihar, Pitampura
Delhi 110034, INDIA
Tele: +91 11 43056200 (30 Lines) Fax: +91 11 43056202
This release was published on openPR.
Permanent link to this press release:
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release NTL Electronics India sells over 2 million LED bulbs in 2011-2012 here
News-ID: 220782 • Views: 1886
More Releases from Finese PR
Mahindra University Launches the School of Management
After the significant success of the Mahindra University’s Ecole Centrale School of Engineering, Mahindra University announces the launch of its School of Management from the 2021-2022 academic sessionin which academic partner is Cornell University’s SC Johnson College of Business (an ivy league institution located near New York, USA). Three UG programs, BA in Economics & Finance, BBA in Digital Technologies and BBA in Computational Business Analytics (an interdisciplinary program with
Students of Mahindra Ecole Centrale create a live, district-wise, COVID-19 track …
Students of Mahindra Ecole Centrale create a live, district-wise, COVID-19 tracker The students of Mahindra Ecole Centrale College of Engineering, Hyderabad, under the guidance of its faculty, have developed a live District-wise tracker for COVID-19 cases in India. The tracker can be found at https://covindia.netlify.com. The website has been developed by the students of MEC: Raghav NS, Ananta Srikar, Rishab Ramanathan, Rohith Gilla, Anchit Sharma and V. Meghana Reddy under the guidance
More Releases for LED
Global Backlight LED Market| Global Backlight LED Industry | Backlight LED Marke …
The backlight LED market comprises of sales of Backlight LED & related services. LED backlight is a flat panel display that uses LED backlighting instead of cold cathode fluorescent (CCFL) backlighting. LED backlight displays also use thin-film-transistor liquid-crystal display (TFT LCD) technologies that offer better contrast and brightness, reduced energy consumption, greater color range more quick response to changes in the scene, and photorefractive effects. These displays are small chips
Global LED Packaging Market Size Detail Analysis focusing Market Segmentation li …
Global LED Packaging Market Size Detail Analysis focusing Market Segmentation like Lamp-LED, Side-LED, TOP-LED, High-Power LED, SMD-LED, and Flip-Chip LED & more The LED market is one of the quickly growing segments as they are replacing the traditional lighting equipment like bulbs due to their high efficiency and power saving capability. The LED packaging industry is also growing with innovations along with the LED industry as new technologies are being included
Global LED Driver (LED Lighting Driver) Market Research Report
This report studies the global LED Driver (LED Lighting Driver) market status and forecast, categorizes the global LED Driver (LED Lighting Driver) market size (value & volume) by manufacturers, type, application, and region. This report focuses on the top manufacturers in United States, Europe, China, Japan, South Korea and Taiwan and other regions. Get sample copy of the report: https://www.marketdensity.com/contact?ref=Sample&reportid=68754 Table of Contents: Table of Contents Global LED Driver (LED Lighting Driver) Market Research Report
Global LED Drivers Market 2017 Trends By Product(Buck-Boost LED Drivers, Multito …
Scope Of Global LED Drivers Market Research Report 2017 Global LED Drivers Market Report Based On Defination, Status and Forecast 2022 contains a market overview of the industry which talks about market Application, production, Consumption, revenue, Gross margin, sales volumes and figures, growth estimation in coming years, current industry leaders and their sales/revenue metrics. Request For Free Sample Report Here : https://www.reportsmonitor.com/request-sample/?post=489550 This report studies the global LED Drivers market, analyzes and
LED Flashlight Market 2017 - SureFire, LED Lenser, Pelican, NovaTac
Apex Research, recently published a detailed market research study focused on the "LED Flashlight Market" across the global, regional and country level. The report provides 360° analysis of "LED Flashlight Market" from view of manufacturers, regions, product types and end industries. The research report analyses and provides the historical data along with current performance of the global LED Flashlight industry, and estimates the future trend of LED Flashlight market on
LED Light: 2017 Global LED Light Bulb Market Outlook
Orbis Research delivers key insights on the Global LED Light Bulb Market in a new report titled “Global LED Light Bulb Market Research Report 2017-2022 by Players, Regions, Product Types and Applications.” In this report, Orbis Research sheds light on the various factors and trends impacting market growth over the forecast period (2017 – 2022). Description The Global LED Light Bulb Market report offers a comprehensive evaluation of the Global LED