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India Lighting Market Share, Size, Growth, Analysis: By Light Type: LEDs, CFLs, HIDs and Halogens, Incandescent, Others; By Product: Bulbs, Streetlights, Downlights, Tube Lights, Flood Lights, Others; By Distribution Channels; B2B, B2C; By End Use: Industrial, Offices; Competitive Landscape; Industry Events and Developments; 2024-2032
India Lighting Market Outlook
The India market size for lighting reached a value of more than USD 3.14 billion in 2021. The India lighting market is expected to grow at a CAGR of 9.8% between 2024 and 2032, reaching a projected value of USD 5.51 billion by 2027.
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Key Trends in the Market
Lighting, also known as illumination, refers to the deliberate arrangement or use of lights in a shopping complex, room, and street, among other places, to attain aesthetic or practical effects. Lighting has a huge role in all industries.
- The high presence of numerous market players coupled with the rapid increase in the population in the country is expected to drive the growth of the India lighting market during the forecast period.
- With the rise in government initiatives towards energy saving, the demand for LED lighting is expected to fuel owing to the growing constructional industry in the country. This is further anticipated to bolster the market growth of lighting in the country.
- The surging consumer awareness about sustainable usage of resources is likely to influence the market demand among consumers over the upcoming years.
Market Analysis
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Based on light type, the market can be segmented into LEDs, CFLs, HIDs and halogens, and incandescent, among others. On the basis of product, the market is divided into bulbs, streetlights, downlights, tube lights, and flood lights, among others. Based on the distribution channel, the market is divided into B2B and B2C. On the basis of end-uses, the market is segmented into industrial, offices, government buildings, private buildings, hospitals, and outdoors.
The comprehensive EMR report provides an in-depth assessment of the market based on Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the India Lighting market, covering their competitive landscape and the latest developments like mergers, acquisitions, investments, and expansion plans.
- Signify Holding
- Wipro Enterprises Limited
- OSRAM GmbH
- Bajaj Electricals Ltd
- Havells India Ltd
- Surya Roshni Limited
- Syska Led Lights Pvt Ltd
- Others
Market Share by Light Type
The LED segment is expected to witness robust growth in the India lighting 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.
Market Share by Products
The street light segment is expected to register growth in the lighting market share during the forecast period on account of an increase in smart city projects and growing commercial construction activities.
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Competitive Landscape
Signify Holding is a world leading company that deals in lighting for consumers, professionals, and lighting for IoTs. Its energy-efficient lighting systems, services, and products enable consumers to enjoy a premium quality of light. This makes the lives of people safer and comfortable, industries more productive, and cities more liveable.
Wipro Enterprises Limited includes Wipro Consumer Care and Lighting as well as Wipro Infrastructure Engineering under its umbrella. Wipro Consumer Care and Lighting is a global leading fast-moving consumer goods company across home care, personal care, office furniture, and lighting and switches. Wipro Infrastructure Engineering is a varied engineering company engaged in fields of water treatment, hydraulics, aerospace, automation solutions, and additive manufacturing.
Bajaj Electricals Ltd is a globally trusted and renowned company. It has a market presence in superior home appliances as well as cookware segments with brands such as Nirlep and Morphy Richards. The company aims to provide optimal lighting solutions with cutting edge technology for all lighting needs.
Havells India Ltd is an FMEG Company with a robust presence across the globe. The company incorporates a wide distribution network and premium product quality thanks to the philosophy of Make in India. It has an extensive spectrum of products, comprising cables & wires, industrial & domestic circuit protection devices, fans, motors, home appliances, modular switches, air conditioners, power capacitors, electric water heaters, and luminaires for domestic, industrial, and commercial applications.
Other market players include OSRAM GmbH, Roshni Limited, and Syska Led Lights Pvt Ltd, among others.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Light Type |
|
| Breakup by Product |
|
| Breakup by Distribution Channels |
|
| Breakup by End Use |
|
| Market Dynamics |
|
| Competitive Landscape |
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| Companies Covered |
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*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
7 Industry Opportunities and Challenges
8 India Lighting Market Analysis
8.1 Key Industry Highlights
8.2 India Lighting Historical Market (2018-2023)
8.3 India Lighting Market Forecast (2024-2032)
8.4 India Lighting Market by Light Type
8.4.1 LEDs
8.4.1.1 Market Share
8.4.1.2 Historical Trend (2018-2023)
8.4.1.3 Forecast Trend (2024-2032)
8.4.2 CFLs
8.4.2.1 Market Share
8.4.2.2 Historical Trend (2018-2023)
8.4.2.3 Forecast Trend (2024-2032)
8.4.3 HIDs and Halogens
8.4.3.1 Market Share
8.4.3.2 Historical Trend (2018-2023)
8.4.3.3 Forecast Trend (2024-2032)
8.4.4 Incandescent
8.4.4.1 Market Share
8.4.4.2 Historical Trend (2018-2023)
8.4.4.3 Forecast Trend (2024-2032)
8.4.5 Others
8.5 India Lighting Market by Product
8.5.1 Bulbs
8.5.1.1 Market Share
8.5.1.2 Historical Trend (2018-2023)
8.5.1.3 Forecast Trend (2024-2032)
8.5.2 Streetlights
8.5.2.1 Market Share
8.5.2.2 Historical Trend (2018-2023)
8.5.2.3 Forecast Trend (2024-2032)
8.5.3 Downlights
8.5.3.1 Market Share
8.5.3.2 Historical Trend (2018-2023)
8.5.3.3 Forecast Trend (2024-2032)
8.5.4 Tube Lights
8.5.4.1 Market Share
8.5.4.2 Historical Trend (2018-2023)
8.5.4.3 Forecast Trend (2024-2032)
8.5.5 Flood Lights
8.5.5.1 Market Share
8.5.5.2 Historical Trend (2018-2023)
8.5.5.3 Forecast Trend (2024-2032)
8.5.6 Others
8.6 India Lighting Market by Distribution Channels
8.6.1 B2B
8.6.1.1 Market Share
8.6.1.2 Historical Trend (2018-2023)
8.6.1.3 Forecast Trend (2024-2032)
8.6.2 B2C
8.6.2.1 Market Share
8.6.2.2 Historical Trend (2018-2023)
8.6.2.3 Forecast Trend (2024-2032)
8.7 India Lighting Market by End Use
8.7.1 Industrial
8.7.1.1 Market Share
8.7.1.2 Historical Trend (2018-2023)
8.7.1.3 Forecast Trend (2024-2032)
8.7.1.4 Market by Type
8.7.1.4.1 Manufacturing
8.7.1.4.2 Electronics
8.7.1.4.3 Oil and Gas
8.7.1.4.4 Mining
8.7.1.4.5 Automotive
8.7.1.4.6 Others
8.7.2 Offices
8.7.2.1 Market Share
8.7.2.2 Historical Trend (2018-2023)
8.7.2.3 Forecast Trend (2024-2032)
8.7.3 Government Buildings
8.7.3.1 Market Share
8.7.3.2 Historical Trend (2018-2023)
8.7.3.3 Forecast Trend (2024-2032)
8.7.4 Private Buildings
8.7.4.1 Market Share
8.7.4.2 Historical Trend (2018-2023)
8.7.4.3 Forecast Trend (2024-2032)
8.7.5 Hospitals
8.7.5.1 Market Share
8.7.5.2 Historical Trend (2018-2023)
8.7.5.3 Forecast Trend (2024-2032)
8.7.6 Outdoor
8.7.6.1 Market Share
8.7.6.2 Historical Trend (2018-2023)
8.7.6.3 Forecast Trend (2024-2032)
9 Market Dynamics
9.1 SWOT Analysis
9.1.1 Strengths
9.1.2 Weaknesses
9.1.3 Opportunities
9.1.4 Threats
9.2 Porter’s Five Forces Analysis
9.2.1 Supplier’s Power
9.2.2 Buyer’s Power
9.2.3 Threat of New Entrants
9.2.4 Degree of Rivalry
9.2.5 Threat of Substitutes
9.3 Key Indicators for Demand
9.4 Key Indicators for Price
10 Competitive Landscape
10.1 Market Structure
10.2 Company Profiles
10.2.1 Signify Holding
10.2.1.1 Company Overview
10.2.1.2 Product Portfolio
10.2.1.3 Demographic Reach and Achievements
10.2.1.4 Certifications
10.2.2 Wipro Enterprises Limited
10.2.2.1 Company Overview
10.2.2.2 Product Portfolio
10.2.2.3 Demographic Reach and Achievements
10.2.2.4 Certifications
10.2.3 OSRAM GmbH
10.2.3.1 Company Overview
10.2.3.2 Product Portfolio
10.2.3.3 Demographic Reach and Achievements
10.2.3.4 Certifications
10.2.4 Bajaj Electricals Ltd
10.2.4.1 Company Overview
10.2.4.2 Product Portfolio
10.2.4.3 Demographic Reach and Achievements
10.2.4.4 Certifications
10.2.5 Havells India Ltd
10.2.5.1 Company Overview
10.2.5.2 Product Portfolio
10.2.5.3 Demographic Reach and Achievements
10.2.5.4 Certifications
10.2.6 Surya Roshni Limited
10.2.6.1 Company Overview
10.2.6.2 Product Portfolio
10.2.6.3 Demographic Reach and Achievements
10.2.6.4 Certifications
10.2.7 Syska Led Lights Pvt Ltd
10.2.7.1 Company Overview
10.2.7.2 Product Portfolio
10.2.7.3 Demographic Reach and Achievements
10.2.7.4 Certifications
10.2.8 Others
11 Industry Events and Developments
List of Figures and Tables
1. India Lighting Market: Key Industry Highlights, 2018 and 2032
2. India Lighting Historical Market: Breakup by Type (USD Million), 2018-2023
3. India Lighting Market Forecast: Breakup by Type (USD Million), 2024-2032
4. India Lighting Historical Market: Breakup by Products (USD Million), 2018-2023
5. India Lighting Market Forecast: Breakup by Products (USD Million), 2024-2032
6. India Lighting Historical Market: Breakup by Distribution Channels (USD Million), 2018-2023
7. India Lighting Market Forecast: Breakup by Distribution Channels (USD Million), 2024-2032
8. India Lighting Historical Market: Breakup by End Use (USD Million), 2018-2023
9. India Lighting Market Forecast: Breakup by End Use (USD Million), 2024-2032
10. India Lighting Market Structure
Key Questions Answered in the Report
In 2021, the lighting market size in India attained a value of nearly USD 3.14 billion.
The market is assessed 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 5.51 billion by 2027.
The major market drivers are the growing population, increase in government regulations for energy saving, and increasing infrastructural projects.
The key market trends include the growing construction industry coupled with increased demand for LED lights among consumers.
The various light types 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 primary distribution channels in the lighting market include B2B and B2C.
The different end-uses in the India lighting market include industrial, offices, government buildings, private buildings, hospitals, and outdoors.
The major 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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