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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, Government Buildings, Others; Competitive Landscape; 2024-2032

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

India Lighting Market Size

India Lighting Market Growth

India Lighting Market Trends

India Lighting Market Share

India Lighting Companies

 

*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.

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    Opportunities and Challenges in the Market
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    Historical Trend (2018-2023)
            8.4.1.2    Forecast Trend (2024-2032)
        8.4.2    CFLs
            8.4.2.1    Historical Trend (2018-2023)
            8.4.2.2    Forecast Trend (2024-2032)
        8.4.3    HIDs and Halogens
            8.4.3.1    Historical Trend (2018-2023)
            8.4.3.2    Forecast Trend (2024-2032)
        8.4.4    Incandescent
            8.4.4.1    Historical Trend (2018-2023)
            8.4.4.2    Forecast Trend (2024-2032)
        8.4.5    Others
    8.5    India Lighting Market by Product
        8.5.1    Bulbs
            8.5.1.1    Historical Trend (2018-2023)
            8.5.1.2    Forecast Trend (2024-2032)
        8.5.2    Streetlights
            8.5.2.1    Historical Trend (2018-2023)
            8.5.2.2    Forecast Trend (2024-2032)
        8.5.3    Downlights
            8.5.3.1    Historical Trend (2018-2023)
            8.5.3.2    Forecast Trend (2024-2032)
        8.5.4    Tube Lights
            8.5.4.1    Historical Trend (2018-2023)
            8.5.4.2    Forecast Trend (2024-2032)
        8.5.5    Flood Lights
            8.5.5.1    Historical Trend (2018-2023)
            8.5.5.2    Forecast Trend (2024-2032)
        8.5.6    Others
    8.6    India Lighting Market by Distribution Channels
        8.6.1    B2B
            8.6.1.1    Historical Trend (2018-2023)
            8.6.1.2    Forecast Trend (2024-2032)
        8.6.2    B2C
            8.6.2.1    Historical Trend (2018-2023)
            8.6.2.2    Forecast Trend (2024-2032)
    8.7    India Lighting Market by End Use
        8.7.1    Industrial
            8.7.1.1    Historical Trend (2018-2023)
            8.7.1.2    Forecast Trend (2024-2032)
            8.7.1.3    Market by Type
                8.7.1.3.1    Manufacturing
                8.7.1.3.2    Electronics
                8.7.1.3.3    Oil and Gas
                8.7.1.3.4    Mining
                8.7.1.3.5    Automotive
                8.7.1.3.6    Others
        8.7.2    Offices
            8.7.2.1    Historical Trend (2018-2023)
            8.7.2.2    Forecast Trend (2024-2032)
        8.7.3    Government Buildings
            8.7.3.1    Historical Trend (2018-2023)
            8.7.3.2    Forecast Trend (2024-2032)
        8.7.4    Private Buildings
            8.7.4.1    Historical Trend (2018-2023)
            8.7.4.2    Forecast Trend (2024-2032)
        8.7.5    Hospitals
            8.7.5.1    Historical Trend (2018-2023)
            8.7.5.2    Forecast Trend (2024-2032)
        8.7.6    Outdoor
            8.7.6.1    Historical Trend (2018-2023)
            8.7.6.2    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    Key Trends and Developments in the Market

 

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 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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