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Indian Led Lighting Marke Forecast, Size, Share, Top Companies and Report 2025-2033

As indicated in the latest market research report published by IMARC Group, titled "Indian LED Lighting Market Report by Product Type (Panel Lights, Down Lights, Street Lights, Tube Lights, Bulbs, Others), Application (Commercial Applications, Residential Applications, Institutional Applications, Industrial Applications), and Region 2025-2033," this report provides an in-depth analysis of the industry, featuring insights into the market. It encompasses competitor and regional analyses, as well as recent advancements in the market.

Market Size & Future Growth Potential:

The Indian LED lighting market size reached USD 5.0 Billion in 2024. Looking forward, IMARC Group expects the market to reach USD 26.7 Billion by 2033, exhibiting a growth rate (CAGR) of 19.35% during 2025-2033.

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Latest Market Trends:

The Indian LED lighting market is robustly characterized by a trend that is leading the industry towards smart and interconnected solutions which, as a result, are not just devices providing simple illumination anymore but also becoming a component of the whole infrastructure that is smart. The adoption of Internet of Things (IoT) enabled LED systems has been a game-changer in this scenario, thus the demand for these products has been increasing drastically. These can be controlled remotely through one’s smartphone and are also installed in the building’s automation system, which, in turn, regulates the flow of energy, as well as, grants substantial savings.

Moreover, consumers’ demand for human-centric lighting, i.e., one that emphasizes the biological and emotional aspects of the light source, has increased significantly. This fact has made tunable-white LEDs a great success since they are able to simulate the change of daylight and also make people’s lives and work more joyful in offices and schools. The market, next to this trend, is witnessing a gigantic leap in the development and use of new materials to solve the heat problem and to improve the light quality plus the lifetime of the product. Besides that, the changes in the competition pattern are mostly due to the rising number of the narrowly targeted players who are specializing only on the architectural and the horticultural lighting and who are gradually convincing the market to move from traditional to the custom-made products that are tailored to meet customers’ needs.

We can not overlook the importance of government interventions that come in the form of quality standards that are extremely severe such as those set by the Bureau of Indian Standards (BIS), in building consumer trust and eliminating the low-quality products, and thus lifting the credibility of the whole market. Additionally, from a certain point of view, lighting is becoming a stronger and stronger facet of the consumers’ lives as a result of the rising demand for decorative LED fixtures which perfectly match with the latest interior design themes in the consumers’ homes and make lighting one of the main décor elements rather than just a simple utility.

Market Scope and Growth Factors:

The Indian LED lighting market has undergone a massive expansion that is supported by a series of powerful, long-lasting growth drivers which have created a positively favorable environment for the sustained development of the market. One of the biggest catalysts to this market is still the Government of India's absolutely energy efficient commitment which has been effectively exemplified by the UJALA (Unnat Jyoti by Affordable LEDs for All) scheme that has not only made energy efficient products more accessible to the consumers but has also significantly elevated the consumer awareness level.

This government push is not just an endorsement of energy efficiency but is strategically intertwined with the country's ambitious climate and energy goals (sustainable development with the help of energy efficiency and renewable energy). Thus, things are being shaped in a manner that would allow efficiency (particularly in lighting) to have the next level of importance at a national scale.

On the other hand, policy measures and support for this cause are being joined by the rapid pace of urbanization and the development of the infrastructure, initiatives such as smart cities, new industrial corridors, and huge housing projects are growing rapidly. They have one thing in common i.e., the use of energy-efficient lighting systems is mandatory.

The commercial and industrial sectors are the main source of consumption and with the current global economic situation the need for energy saving has become very relevant. In this issue, the fast return on investment in LEDs makes them the default choice for businesses that are looking for operational efficiency and hence the vibrant business sector is the biggest client of the Indian LED lighting market.

Besides that, the continuously falling average selling price of LED components and continuous innovation that leads to higher product efficiency and longer durability, have made LED products more and more affordable for Indian consumers in both urban and rural areas.

The growing environmental awareness of the Indian consumers and Indian corporates is another major factor which is turning sustainable choices into a critical element in buying decisions. On top of that, the development of organized retail and e-commerce has had a very positive impact on product availability and transparency. Consequently, consumers can now easily check and purchase the most reliable LED lighting, thereby creating trust and speeding the LED market penetration throughout the country.

Indian LED Lighting Market Forecast Report Highlights & Segmentation Analysis:

The market report offers a comprehensive analysis of the segments, highlighting those with the largest Indian LED Lighting Market Share. It includes forecasts for the period 2025-2033 and historical data from 2019-2024 for the following segments.

Segmentation by Product Type:

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

Segmentation by Application:

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

Competitor Landscape:

The report offers an in-depth examination of the competitive landscape. It includes a thorough competitive analysis encompassing market structure, key player positioning, leading strategies for success, a competitive dashboard, and a company evaluation quadrant.

Major Players in the Market:

  • Signify NV
  • Surya Roshni Limited
  • Crompton Greaves Consumer Electricals Limited
  • Bajaj Electricals Limited
  • Halonix Technologies Pvt. Ltd.
  • Havells India Limited

Recent News and Developments:

  • Municipal Corporation of Delhi LED Initiative: In October 2024, MCD proposed a comprehensive INR 1,144.3 Crore project to replace approximately 400,000 LED lights across Central, South, West, and Najafgarh zones, including a 10-year maintenance contract.
  • Karnataka's Bengaluru LED Transformation: In August 2024, Karnataka approved an INR 684-crore plan to convert Bengaluru's streetlights to LED technology, with Bruhat Bengaluru Mahanagara Palike replacing around 300,000 streetlights across the city.
  • UJALA Scheme Milestone Achievement: The government's UJALA program has successfully installed 1.3 crore LED smart streetlights as of December 2023, contributing to significant energy savings and carbon emission reductions across the country.
  • Smart Cities Mission Progress: As of January 2025, 7,479 out of 8,058 tendered smart city projects have been completed, utilizing INR 150,002 crores in investments, with LED lighting being a crucial component of urban infrastructure modernization.
  • Industrial Parks Development: In July 2024, the government announced plans to create "plug-and-play" industrial parks near 100 cities under the National Industrial Corridor Development Programme, which will require extensive LED lighting infrastructure.
  • PLI Scheme Impact on Manufacturing: The Production Linked Incentive scheme has encouraged domestic LED manufacturing capabilities, with several Indian companies expanding their production facilities to meet growing demand.

Explore the Full Report with Charts, Table of Contents, and List of Figures: https://www.imarcgroup.com/indian-led-lighting-market

Key highlights of the Report:

  • Historical Market Performance
  • Future Market Projections
  • Impact of COVID-19 on Market Dynamics
  • Industry Competitive Analysis (Porter's Five Forces)
  • Market Dynamics and Growth Drivers
  • SWOT Analysis (Strengths, Weaknesses, Opportunities, Threats)
  • Market Ecosystem and Value Creation Framework
  • Competitive Positioning and Benchmarking Strategies

Major Advantages of the Report:

  • This report provides market leaders and new entrants with accurate revenue estimates for the overall market and its key subsegments.
  • Stakeholders can leverage this report to gain a deeper understanding of the competitive landscape, enabling them to strategically position their businesses and develop effective go-to-market strategies.
  • The report provides stakeholders with valuable insights into the market dynamics, offering a comprehensive analysis of key drivers, restraints, challenges, and opportunities.

Why Choose IMARC Group:

  • Extensive Industry Expertise
  • Robust Research Methodology
  • Insightful Data-Driven Analysis
  • Precise Forecasting Capabilities
  • Established Track Record of Success
  • Reach with an Extensive Network
  • Tailored Solutions to Meet Client Needs
  • Commitment to Strong Client Relationships and Focus
  • Timely Project Delivery
  • Cost-Effective Service Options

Note: Should you require specific information not included in the current report, we are pleased to offer customization options to meet your needs.

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About Us

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC's information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company's expertise.

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