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Indian LED Lighting Market: By Product Type: Panel Lights; Down Lights, Street Lights, Tube Lights, Bulbs, Others; By Sector: Private Sector, Public Sector; By Application; Regional Analysis; Historical Market and Forecast (2015-2025); Market Dynamics; Project Economics; Competitive Landscape; Industry Events and Developments

Indian LED Lighting Market Outlook

The Indian LED lighting market reached a value of USD 2.5 billion in 2019. The market is further expected to grow at a CAGR of more than 30% to reach a value of approximately USD 12 billion by 2025.

Owing to various supporting factors, conventional light bulbs in India are easily being replaced by LED lights. Furthermore, as LEDs are progressively used in automotive headlamps, aviation, general lighting, advertising, lighted wallpapers, medical devices, camera flashes as well as traffic signals, the LED lighting market is expanding throughout the country. In addition, the entry of Chinese LED light producers in India has enabled Indian manufacturers to offer innovative products. The Northern Region has the highest proportion of sales in India's overall market, followed by the Southern Region. Supported by various upcoming infrastructural projects throughout residential, industrial, and commercial areas across the country, the market for LED lighting is likely to see strong growth in the forecast years.

The Indian LED lighting market has seen an increase due to population growth and subsequent urbanisation in the historical period. With a growing rate of electricity use, demand for an environmentally sustainable and cost-effective lighting solution is also gaining momentum. Thus, LED lighting has begun to dominate the general lighting market of India tremendously in recent years. Several government schemes, like Unnat Jyoti by Affordable LEDs for All (UJALA) as well as Street Lighting National Program (SLNP), has remained India's largest demand generator for LED lighting. The goal of these initiatives is to raise consumer awareness of the adoption of LED bulbs over traditional lighting sources like incandescent bulbs, CFL, and halogen lights. For example, under the SLNP, the Government plans to replace more than 1.34 crore traditional street lights in India, of which approximately 1.04 crore street lights have already been replaced as of November 2019.

 

Properties and Applications

Light-emitting diode (LED) refers to a semiconductor that emits light as the electrical current passes through it. Often known as solid-state lighting, LED lights have potential advantages over halogen, fluorescent, and incandescent lights like energy efficiency, longer lifetime, and exceptionally low power consumption.

The product types can be segmented as follows:

  • Panel Lights
  • Down Lights 
  • Street lights  
  • Tube Lights
  • Bulbs
  • Others

It finds applications in the following sectors:

  • Commercial Applications
  • Residential Applications
  • Institutional Applications
  • Industrial Applications

The industry, on the basis of sector, is divided into:

  • Private sector
  • Public sector

 

Market Analysis

Various advantages offered by LED lights, such as improved physical strength, smaller size, faster switching, high durability, and lower heat production, contribute significantly to the development of the LED lighting industry in India. In addition, increasing customer perception of cost-effectiveness, improved life, improved performance, and the inherent eco-friendly value of LED lighting will continue to drive the sales in the retail, residential, and commercial sectors. Moreover, the Indian Government is supporting LED street lighting initiatives and providing LED lights at discounted rates. For example, over 2.1 million traditional street lights have been replaced by LED street lights throughout the region under the Street Lighting National Program (SLNP). In addition, the 'Make in India' initiative introduced by the Government has established electronics as a key sector and emphasises on attracting capital and technical investment in India.

 

Competitive Landscape 

The report gives a detailed analysis of the following key players in the Indian LED lighting market, covering their competitive landscape, capacity, and latest developments like mergers and acquisitions, investments, expansions of capacity, and plant turnarounds:

  • ANR Pvt. Ltd. 
  • Surya Roshni Ltd.
  • Luminosity Solutions Private Limited 
  • UM Green Pvt. Ltd.
  • Crompton Greaves Consumer Electricals Limited
  • Bajaj Electricals Ltd.
  • Havells India Ltd.
  • Others 

The comprehensive EMR report provides an in-depth assessment of the industry based on the Porter's five forces model along with giving a SWOT analysis.

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    Market Overview
    5.2    Key Drivers
    5.3    Key Developments
    5.4    Competitive Structure
    5.5    Key Industrial Trends
6    Snapshot
    6.1    Global
    6.2    India 
7    Industry Opportunities and Challenges 
8    Global LED Lighting Market Overview

    8.1    Key Industry Highlights
    8.2    Global LED Lighting Historical Market (2015-2019) 
    8.3    Global LED Lighting Market Forecast (2020-2025)
    8.4    Global LED Lighting Market by Product
        8.4.1    LED Lamps
            8.4.1.1    Market Share
            8.4.1.2    Historical Trend (2015-2019)
            8.4.1.3    Forecast Trend (2020-2025)
        8.4.2    Modules
            8.4.2.1    Market Share
            8.4.2.2    Historical Trend (2015-2019)
            8.4.2.3    Forecast Trend (2020-2025)
        8.4.3    Fixtures
            8.4.3.1    Market Share
            8.4.3.2    Historical Trend (2015-2019)
            8.4.3.3    Forecast Trend (2020-2025)
    8.5    Global LED Lighting Market by Application
    8.6    Global LED Lighting Market by Region
        8.6.1    North America
        8.6.2    Europe
        8.6.3    Asia Pacific
        8.6.4    Latin America
        8.6.5    Middle East and Africa
9    Indian LED Lighting Market Analysis
    9.1    Key Industry Highlights
    9.2    Indian LED Lighting Historical Market (2015-2019) 
    9.3    Indian LED Lighting Market Forecast (2020-2025)
    9.4    Indian LED Lighting Market by Product Type
        9.4.1    Panel Lights
            9.4.1.1    Market Share
            9.4.1.2    Historical Trend (2015-2019)
            9.4.1.3    Forecast Trend (2020-2025)
        9.4.2    Down Lights 
            9.4.2.1    Market Share
            9.4.2.2    Historical Trend (2015-2019)
            9.4.2.3    Forecast Trend (2020-2025)
        9.4.3    Street Lights  
            9.4.3.1    Market Share
            9.4.3.2    Historical Trend (2015-2019)
            9.4.3.3    Forecast Trend (2020-2025)
        9.4.4    Tube Lights
            9.4.4.1    Market Share
            9.4.4.2    Historical Trend (2015-2019)
            9.4.4.3    Forecast Trend (2020-2025)
        9.4.5    Bulbs
            9.4.5.1    Market Share
            9.4.5.2    Historical Trend (2015-2019)
            9.4.5.3    Forecast Trend (2020-2025)
        9.4.6    Others
    9.5    Indian LED Lighting Market by Sector
        9.5.1    Private Sector
            9.5.1.1    Market Share
            9.5.1.2    Historical Trend (2015-2019)
            9.5.1.3    Forecast Trend (2020-2025)
        9.5.2    Public Sector
            9.5.2.1    Market Share
            9.5.2.2    Historical Trend (2015-2019)
            9.5.2.3    Forecast Trend (2020-2025)
    9.6    Indian LED Lighting Market by Application
        9.6.1    Commercial Applications
            9.6.1.1    Market Share
            9.6.1.2    Historical Trend (2015-2019)
            9.6.1.3    Forecast Trend (2020-2025)
        9.6.2    Residential Applications
            9.6.2.1    Market Share
            9.6.2.2    Historical Trend (2015-2019)
            9.6.2.3    Forecast Trend (2020-2025)
        9.6.3    Institutional Applications
            9.6.3.1    Market Share
            9.6.3.2    Historical Trend (2015-2019)
            9.6.3.3    Forecast Trend (2020-2025)
        9.6.4    Industrial Applications
            9.6.4.1    Market Share
            9.6.4.2    Historical Trend (2015-2019)
            9.6.4.3    Forecast Trend (2020-2025)
    9.7    Indian LED Lighting Market Breakup by Imports and Domestic Manufacturing
    9.8    Indian LED Lighting Market Breakup by Indoor and Outdoor Applications
10    Market Dynamics
    10.1    SWOT Analysis
        10.1.1    Strengths
        10.1.2    Weaknesses
        10.1.3    Opportunities
        10.1.4    Threats
    10.2    Porter’s Five Forces Analysis
        10.2.1    Supplier’s Power
        10.2.2    Buyers Power
        10.2.3    Threat of New Entrants
        10.2.4    Degree of Rivalry
        10.2.5    Threat of Substitutes
    10.3    EMR’s Key Indicators for Demand
    10.4    EMR’s Key Indicators for Price
11    Value Chain Analysis
12    Manufacturing Process

    12.1    Panel Light
        12.1.1    Product Overview
        12.1.2    Manufacturing Process and Process Flow
        12.1.3    Raw Material Requirements       
        12.1.4    Suppliers of Raw Materials and Delivery Time
    12.2    Down Light
        12.2.1    Product Overview
        12.2.2    Manufacturing Process and Process Flow
        12.2.3    Raw Material Requirements
        12.2.4    Suppliers of Raw Materials and Delivery Time
    12.3    Tube Light
    12.3.1    Product Overview
        12.3.2    Manufacturing Process and Process Flow
        12.3.3    Raw Material Requirements
        12.3.4    Suppliers of Raw Materials and Delivery Time
    12.4    Bulbs
        12.4.1    Product Overview
        12.4.2    Manufacturing Process and Process Flow
        12.4.3    Suppliers of Raw Materials and Delivery Time
    12.5    Street Light
        12.5.1    Product Overview
        12.5.2    Manufacturing Process and Process Flow
        12.5.3    Raw Material Requirements
        12.5.4    Suppliers of Raw Materials and Delivery Time
    12.6    Flood Light
        12.6.1    Product Overview
        12.6.2    Manufacturing Process and Process Flow
        12.6.3    Raw Material Requirements
        12.6.4    Suppliers of Raw Materials and Delivery Time
13      Project Details, Requirements and Costs Involved
    13.1    Land Requirements and Expenditures
    13.2    Construction Requirements and Expenditures
    13.3    Plant Machinery
    13.4    Machinery Pictures
    13.5    Raw Material Requirements and Expenditures
    13.6    Raw Material and Final Product Pictures
    13.7    Packaging Requirements and Expenditures
    13.8    Transportation Requirements and Expenditures
    13.9    Utility Requirements and Expenditures
    13.10    Manpower Requirements and Expenditures
    13.11    Other Capital Investments
14    Loans and Financial Assistance
15    Project Economics

    15.1    Capital Cost of the Project
    15.2    Techno-Economic Parameters   
    15.3    Product Pricing and Margins Across Various Levels of the Supply Chain
    15.4    Taxation and Depreciation
    15.5    Income Projections
    15.6    Expenditure Projections
    15.7    Financial Analysis
    15.8    Profit Analysis
16    Competitive Landscape
    16.1    Market Structure
    16.2    Key Players’ Market Share
    16.3    Company Profiles
        16.3.1    ANR Pvt. Ltd. 
            16.3.1.1    Company Overview
            16.3.1.2    Product Portfolio
            16.3.1.3    Demographic Reach and Achievements
            16.3.1.4    Certifications
        16.3.2    Surya Roshni Ltd.
            16.3.2.1    Company Overview
            16.3.2.2    Product Portfolio
            16.3.2.3    Demographic Reach and Achievements
            16.3.2.4    Certifications
        16.3.3    Luminosity Solutions Private Limited 
            16.3.3.1    Company Overview 
            16.3.3.2    Product Portfolio
            16.3.3.3    Demographic Reach and Achievements
            16.3.3.4    Certifications
        16.3.4    UM Green Pvt. Ltd.
            16.3.4.1    Company Overview 
            16.3.4.2    Product Portfolio
            16.3.4.3    Demographic Reach and Achievements
            16.3.4.4    Certifications
        16.3.5    Crompton Greaves Consumer Electricals Limited
            16.3.5.1    Company Overview 
            16.3.5.2    Product Portfolio
            16.3.5.3    Demographic Reach and Achievements
            16.3.5.4    Certifications
        16.3.6    Bajaj Electricals Ltd.
            16.3.6.1    Company Overview
            16.3.6.2    Product Portfolio
            16.3.6.3    Demographic Reach and Achievements
            16.3.6.4    Certifications
        16.3.7    Havells India Ltd.
            16.3.7.1    Company Overview
            16.3.7.2    Product Portfolio
            16.3.7.3    Demographic Reach and Achievements
            16.3.7.4    Certifications 
        16.3.8    Others
17    Industry Events and Developments


List of Figures and Tables 

1.    Global LED Lighting Market: Key Industry Highlights, 2015 and 2025
2.    Global: LED Lighting Industry Overview
3.    Global: LED Lighting Market: Volume Trends (in Billion Units), 2015-2019
4.    Global: LED Lighting Market: Value Trends (in Billion USD), 2015 & 2019
5.    Global: LED Lighting Market: Breakup by Region (in %), 2019
6.    Global: LED Lighting Market: Breakup by Application (in %), 2019
7.    Global: LED Lamps and Modules Market: Sales Volume (in Million Units), 2015-2019
8.    Global: LED Fixtures Market: Sales Volume (in Million Units), 2015-2019
9.    Global: LED Lamps and Modules Market Forecast: Sales Volume (in Million Units), 2020-2025
10.    Global: LED Fixtures Market Forecast: Sales Volume (in Million Units), 2020-2025
11.    Global: LED Lighting Market Forecast: Volume Trends (in Billion Units), 2020-2025
12.    Global: LED Lighting Market Forecast: Value Trends (in Billion USD), 2020-2025
13.    India: LED Lighting Market: Volume Trends (in Million Units), 2015-2019
14.    India: LED Lighting Market: Value Trends (in Million USD), 2015-2019
15.    India: LED Lighting Market: Breakup by Product Type (in %), 2019
16.    India: LED Lighting Market: Breakup by Application (in %), 2019
17.    India: LED Lighting Market: Breakup by Region (in %), 2019
18.    India: LED Lighting Market: Breakup by Imports, Exports and Domestic Manufacturing (in %),
19.    India: LED Lighting Market: Breakup by Public and Private Sector (in %), 2019
20.    India: LED Lighting Market: Breakup by Indoor and Outdoor Applications (in %), 2019
21.    India: LED Lighting Market Forecast: Volume Trends (in Million Units), 2020-2025
22.    India: LED Lighting Market Forecast: Value Trends (in Million USD), 2020-2025
23.    India: LED Lighting Industry: SWOT Analysis
24.    India: LED Lighting Industry: Value Chain Analysis
25.    India: LED Lighting Industry: Porter’s Five Forces Analysis
26.    India: LED Lighting Industry: Panel Light (in Million USD), 2015 & 2019
27.    India: LED Lighting Industry Forecast: Panel Light (in Million USD), 2020 & 2025
28.    India: LED Lighting Industry: Down Light (in Million USD), 2015 & 2019
29.    India: LED Lighting Industry Forecast: Down Light (in Million USD), 2020 & 2025
30.    India: LED Lighting Industry: Street Light (in Million USD), 2015 & 2019
31.    India: LED Lighting Industry Forecast: Street Light (in Million USD), 2020 & 2025
32.    India: LED Lighting Industry: Tube Light (in Million USD), 2015 & 2019
33.    India: LED Lighting Industry Forecast: Tube Light (in Million USD), 2020 & 2025
34.    India: LED Lighting Industry: Bulbs (in Million USD), 2015 & 2019
35.    India: LED Lighting Industry Forecast: Bulbs (in Million USD), 2020 & 2025
36.    India: LED Lighting Market: Commercial Applications (in Million USD), 2015 & 2019
37.    India: LED Lighting Market Forecast: Commercial Applications (in Million USD), 2020 & 2025
38.    India: LED Lighting Market: Residential Applications (in Million USD), 2015 & 2019
39.    India: LED Lighting Market Forecast: Residential Applications (in Million USD), 2020 & 2025
40.    India: LED Lighting Market: Institutional Applications (in Million USD), 2015 & 2019
41.    India: LED Lighting Market Forecast: Institutional Applications (in Million USD), 2020 & 2025
42.    India: LED Lighting Market: Industrial Applications (in Million USD), 2015 & 2019
43.    India: LED Lighting Market Forecast: Industrial Applications (in Million USD), 2020 & 2025
44.    India: LED Lighting Market: Breakup by Key Players (in %), 2019
45.    Panel Light Manufacturing: Various Types of Unit Operation Involved
46.    Panel Light Manufacturing: Conversion Rate of Products
47.    Down Light Manufacturing: Various Types of Unit Operation Involved
48.    Down Light Manufacturing: Conversion Rate of Products
49.    Tube Light Manufacturing: Various Types of Unit Operation Involved
50.    Tube Light Manufacturing: Conversion Rate of Products
51.    Bulbs Manufacturing Plant: Various Types of Unit Operation Involved
52.    Bulbs Manufacturing: Conversion Rate of Products
53.    Street Light Manufacturing: Various Types of Unit Operation Involved
54.    Street Light Manufacturing: Conversion Rate of Products
55.    Flood Manufacturing: Various Types of Operation Involved
56.    Flood Manufacturing: Conversion Rate of Products
57.    LED Lights Industry: Breakup of Capital Costs (in %)
58.    LED Lights Industry: Profit Margins at Various Level of Value Chain
59.    LED Lights Manufacturing Plant: Breakup of Manufacturing Costs (in %)
60.    ED Lighting Market: Key Industry Highlights, 2019 & 2025
61.    Global: LED Lighting Market Forecast: Breakup by Region, 2020 & 2025
62.    Global: LED Lighting Market Forecast: Breakup by Application, 2020 & 2025
63.    India: LED Lighting Market: Key Industry Highlights, 2019 and 2024
64.    India: LED Lighting Market Forecast: Breakup by Product (in Million USD), 2020 & 2025
65.    India: LED Lighting Market Forecast: Breakup by Application (in Million USD), 2020 & 2025
66.    Panel Light Manufacturing: Suppliers of Raw Materials and Delivery Timeline
67.    Down Light Manufacturing: Suppliers of Raw Materials and Delivery Timeline
68.    Tube Light Manufacturing: Suppliers of Raw Materials and Delivery Timeline
69.    Bulbs Manufacturing: Suppliers of Raw Materials and Delivery Timeline
70.    Street Light Manufacturing: Suppliers of Raw Materials and Delivery Timeline
71.    Flood Light Manufacturing: Suppliers of Raw Materials and Delivery Timeline
72.    LED Lights Manufacturing Plant: Costs Related to Land and Site Development (in USD)
73.    LED Lights Manufacturing Plant: Costs Related to Civil Works (in USD)
74.    LED Lights Manufacturing Plant: Machinery Costs (in USD)
75.    LED Lights Manufacturing Plant: Costs Related to Other Capital Investments (in USD)
76.    LED Lights Manufacturing Plant: Raw Material Requirements and Expenditures (in USD/Year)
77.    LED Lights Manufacturing Plant: Outer Packaging Requirements and Expenditure
78.    LED Lights Manufacturing Plant: Inner Packaging Requirements and Expenditure
79.    LED Lights Manufacturing Plant: Transportation Expenditure (USD/Unit of Light)
80.    LED Lights Manufacturing Plant: Power Consumption (in KWh)
81.    LED Lights Manufacturing Plant: Costs Related to Salaries and Wages (in USD)
82.    LED Lights Manufacturing Plant: Techno-Economic Parameters
83.    LED Lights Manufacturing Plant: Income Projections (in USD)
84.    LED Lights Manufacturing Plant: Expenditure Projections (in USD)
85.    LED Lights Manufacturing Plant: Income Tax Expenditure
86.    LED Lights Manufacturing Plant: Depreciation and Taxation
87.    LED Lights Manufacturing Plant: Cash Flow Analysis Without Considering the Income Tax Liability
88.    LED Lights Manufacturing Plant: Cash Flow Analysis on Considering the Income Tax Liability
89.    LED Lights Manufacturing Plant: Profit and Loss Account

Key Questions Answered in the Report

In 2019, the Indian LED lighting market attained a value of nearly USD 2.5 billion. 

The market is projected to grow at a CAGR of more than 30% between 2020 and 2025.

The market is estimated to witness a healthy growth in the forecast period of 2020-2025 to reach about USD 12 billion by 2025.

The major drivers of the industry, such as rapid urbanisation, growing awareness regarding the environment, increased adoption of energy efficient and devices, and increased government initiatives, are expected to aid the market growth.

The key trend guiding the growth of the market include the launch of a sustainable and cost-effective lighting solution with improved performance.

Panel lights, down lights, street lights, tube lights, and bulbs, among others, are the significant LED lighting products in the industry.

The major applications of LED lighting include commercial applications, residential applications, institutional applications, and industrial applications. 

Public and private sectors are the major sectors in the industry. 

The major players in the industry are ANR Pvt. Ltd., Surya Roshni Ltd., Luminosity Solutions Private Limited, UM Green Pvt. Ltd., Crompton Greaves Consumer Electricals Limited, Bajaj Electricals Ltd., Havells India Ltd., and others.

Analyst Review

The Indian LED lighting market attained a value of USD 2.5 billion in 2019, driven by the growing government initiatives to promote the use of energy efficient devices. Aided by the new product launch with improved performance, the market is expected to witness a further growth in the forecast period of 2020-2025, growing at a CAGR of 30%. The market is projected to reach USD 12 billion by 2025.

EMR's meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. Based on its products, the LED lighting industry can be segmented into panel lights, down lights, street lights, tube lights, and bulbs, among others. On the basis of applications, the industry is categorised into commercial applications, residential applications, institutional applications, and industrial applications. Based on sectors, the industry is bifurcated into public and private sectors. The key players in the above market include ANR Pvt. Ltd., Surya Roshni Ltd., Luminosity Solutions Private Limited, UM Green Pvt. Ltd., Crompton Greaves Consumer Electricals Limited, Bajaj Electricals Ltd., and Havells India Ltd., among others.

EMR's research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.

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