Compact Fluoroscent Lamps (CFLs) represent yet another fast growing market in India. Market growth has averaged more than 20% in the last 5 years. Growing consciousness about energy efficiency and falling CFL prices have resulted in this accelerated growth rate. Usage of CFLS has spread to the smallest of towns. Almost two-thirds of the households in the urban areas use CFLs now.
Our latest research reveals that the market size has reached 235 million units. Over the next 5 years, it will cross 400 million units. The other bit of good news is that the unorganized sector now accounts for less than 20% of this market.
Replacement demand is fuelling the growth of retrofit CFLs; they account for 46% of the annual sales.