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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
India Lighting Market Size
The India lighting market reached a value of more than USD 3.79 billion in 2023. The market is expected to grow at a CAGR of 9.8% between 2024 and 2032, reaching a projected value of USD 8.79 billion by 2032.
India Lighting Market Outlook
- The UJALA and Street Lighting National Programme in India have been highly successful, with over 1.15 billion LEDs installed, surpassing targets and resulting in substantial energy savings.
- The LED Street Lighting National Programme has illuminated 3,00,000 km of roads, enhancing public safety and energy efficiency.
- The UJALA initiative has distributed over 36.13 crore LED bulbs, contributing to substantial energy savings and reduced greenhouse gas emissions.
- As per industry reports, the average electricity availability in rural areas has gone up from 12:30 hours in 2014 to 22:30 hours at present, while in urban areas the national average availability is 23:30 hours.
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