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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 Trends
The price of LED bulbs in India has dropped dramatically, from Rs. 400 (USD 6.4) in 2014 to about Rs. 70 (USD 1) just five years later, making them more affordable for consumers. The increasing demand for LED lights is further driven by government initiatives, better awareness in metro cities, and growing requirements from the street lighting and industrial lighting domains.
As per industry reports, the Street Lighting National Programme (SLNP) has replaced over 2.1 million conventional streetlights with LED streetlights across the country. Moreover, 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 India lighting market expansion.
Additionally, 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.
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.
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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