According to Philips Electronics India, the Indian LED lighting market is expected to touch $478 million by 2015 from the current $101 million in 2011."

Speaking to reporters here showcasing Light Next − an interactive lighting experience centre, Nirupam Sahay, president at Philips Lighting said, the growth drivers from the segment are the decline in LED prices, investment by government in energy efficient lighting systems and the quick return on investment (ROI).

According to him, Philips is uniquely positioned in the LED lighting segment across the spectrum and the company commands 30 percent market share in the domestic lighting segment.