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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.
*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
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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