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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
India Lighting Market Share
The rapid adoption of LED technology is driven by government initiatives, consumer preferences, and technological advancements
The LED segment is expected to witness robust growth in the market on account of the surging constructional activities. LED lights consume nearly 90% less energy as compared to other lighting appliances which is further influencing the demand for the LED segment among consumers. As per India lighting market analysis, the Indian government's initiatives like the Unnat Jyoti by Affordable LEDs for All (UJALA) scheme have also accelerated the adoption of LED lighting and the phasing out of inefficient technologies like CFLs, HIDs, and halogens.
Moreover, the increasing consumer awareness about energy efficiency and sustainability is driving the preference for LED lighting over traditional technologies. Declining manufacturing costs and prices of LED bulbs are making them more competitive compared to CFLs, HIDs, and halogens. The growing demand for smart and connected lighting solutions is further boosting the adoption of LED technology over conventional lighting options.
Steet light segment holds a significant market share due to declining LED prices and the growing awareness of the benefits of energy-efficient lighting solutions
The street light segment is expected to register growth in the India lighting market share during the forecast period on account of an increase in smart city projects and growing commercial construction activities. Flood lights are another popular choice for outdoor lighting applications, such as sports arenas, construction sites, and parking lots. The demand for LED flood lights is increasing due to their high light output, energy efficiency, and long lifespan. The growing adoption of LED flood lights is driven by the need for better visibility, security, and energy savings in outdoor spaces.
Downlights, on the other hand, are popular choice for indoor lighting in residential and commercial spaces in India. The demand for LED downlights is growing due to their energy efficiency, sleek design, and ease of installation. Manufacturers are responding to this trend by introducing innovative LED downlight solutions with features like adjustable colour temperatures, dimmable options, and integrated smart controls.
India Lighting Market Report Snapshots
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
In 2023, the market attained a value of nearly USD 3.79 billion.
The India lighting market is expected to grow at a CAGR of 9.8% between 2024 and 2032.
The market is estimated to witness healthy growth in the forecast period of 2024-2032, reaching almost USD 8.79 billion by 2032.
The major drivers of the market include the growing population, increase in government regulations for energy saving, and increasing infrastructural projects.
Key trends aiding market expansion include the growing construction industry coupled with increased demand for LED lights among consumers and the adoption of smart lighting solutions.
The various type of lighting in India include LEDs, CFLs, HIDs and halogens, and incandescent, among others.
The different products include bulbs, streetlights, downlights, tube lights, and flood lights, among others.
The different end-uses of lighting in the market include industrial, offices, government buildings, private buildings, hospitals, and outdoors.
Key players in the market are Signify Holding, Wipro Enterprises Limited, OSRAM GmbH, Bajaj Electricals Ltd, Havells India Ltd, Surya Roshni Limited, and Syska Led Lights Pvt Ltd, among others.
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United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61-448-061-727
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63-287-899-028, +63-967-048-3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84-865-399-124