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India LED Lighting Market Outlook, 2026

India LED Lighting Market Outlook, 2026

Bonafide Research 30-12-2021 Figures : 19 Tables : 54
Region : Asia-Pacific Category : Energy & Utility Lighting & Luminaires

1. Bajaj Electricals Limited

2. Eveready Industries India Limited

3. Havells India Limited

4. Orient Electric Limited

5. Osram Lighting Private Limited

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The Indian lighting industry is registering strong growth and is anticipated to grow with higher CAGR in forecast periods. Government’s ambitious energy conservation target is the driving factor for this transition. India lighting market is segregated into four major parts i.e. Luminaries, Lamps, LEDs, Accessories Components and Control Gears (ACCs). The LED segment is leading the market and is likely to capture tremendous growth in forecast periods. By product, India LED lighting market is segregated into; LED Street Lights, LED Tube Lights, LED Bulbs & Lamps, LED Luminaries, LED Down-lights. LED Bulbs & Lamps is leading with volume market share of more than 60% as compare to Luminaries having the lowest market share.

LED Lighting industry in India has created numerous opportunities. LED lights have enormously entered into residential, commercial, industrial and many other sectors in India market, However still market has to go long way. According to the report title, “India LED Lightening Market Outlook, 2026”, LED market in India is anticipated to grow at CAGR of more than 25% in volume terms in forecast periods. In the current market scenario, LED lighting products have gained a prominent spot in the lighting market, owing to their various benefits over older lighting technology.

Nowadays, the stipulation for LED lighting in India is largely driven by Tier-1 cities, because of stronger awareness. However, in future the demand is also anticipated to grow from Tier-2, Tier-3 and rural markets especially on street lighting and industrial lighting segments. Further, government initiatives, projects and various schemes will open up new market for the LED lighting industry. Government initiatives towards rural households regions in India by introducing the “UJALA Scheme”, will also benefited the LED market. West region in India is prominent in LED market with market share of more than 30% in volume terms, however, the penetration of LED market is still low in in the East region of India. By end user application market is segmented into residential, commercial, industrial and others consist of highways and public places. The residential segment is highest penetrated segment with the market share of more than 40% in LED market. However, government’s ambitious energy conservation target, the overall LED market is registering strong growth and is anticipated to grow tremendously even over the long term.

The LED sector is anticipated to grow in full swing, due to the expansion in infrastructure development such as highways, commercial places etc., adding to which with socioeconomic extension and inclination of people towards energy efficient and innovative lighting solutions, the further actions are well defined. Due to the ecofriendly environment awareness among people, this has additionally built the push. The government’s programs such as ‘Power for all’ will keep the momentum going.

Like many other market industry in India, lighting industry is also affected due to the Covid-19 as the supplies of electronic elements are hit due to a shutdown in many foreign countries. The market has measured a negative growth in pandemic situation and downfall in total value market; however the growth momentum is likely to recover speedily.

Considered in this report
• Geography: India
• Base year: 2020 -21
• Estimated year: 2021-22
• Forecast year: 2026-27

Aspects covered in this report
• India LED lighting market with its value and forecast along with its segments
• Region-wise LED market analysis
• Various drivers and challenges
• On-going trends and developments
• Top profiled companies
• Strategic recommendation

Regions covered in the report
• North
• South
• West
• East

Types of LED Lighting in the report
• LED Street Lights
• LED Tube Lights
• LED Bulbs & Lamps
• LED Luminaries
• LED Down-lights
• LED Smart Light

Major Companies in LED Lighting market
Philips, Surya Roshni, Havells, Syska, Bajaj, Energy Efficiency Services Limited, Crompton Greaves Consumer Electricals Limited, Eveready, Wipro Consumer Care & Lighting Ltd, Halonix Technologies Private Limited, Orient Electric Limited, Osram Lighting Private Limited

The approach of the report:
This report consists of a combined approach of primary as well as secondary research. Initially, secondary research was used to get an understanding of the market and listing out the companies that are present in the market. The secondary research consists of third party sources such as press releases, annual report of companies, analysing the government generated reports and databases. After gathering the data from secondary sources primary research was conducted by making telephonic interviews with the leading players about how the market is functioning and then conducted trade calls with dealers and distributors of the market. Post this we have started doing primary calls to consumers by equally segmenting consumers in regional aspects, tier aspects, age group, and gender. Once we have primary data with us we have started verifying the details obtained from secondary sources.

Intended audience
This report can be useful to industry consultants, manufacturers, suppliers, associations & organizations related to LED Lighting industry, government bodies and other stakeholders to align their market-centric strategies. In addition to marketing & presentations, it will also increase competitive knowledge about the industry.

“India LED Lighting Market Outlook, 2026” discusses the following aspects of LED lighting Market in India:
How it will help solving your strategic decision making process??
The report gives an in-depth understanding of LED Lighting in India:
• India Lighting Market Outlook
• India Lighting Market Size By Value
• India Lighting Market Share By Segment
• India Lamps Market Outlook
• India Lamps Market Size By Value
• India Lamps Market Size By Volume
• India Lamps Market Share By Technology
• India Luminaires Market Outlook
• India Accessories, Components and Control Gears Market Outlook
• Indian LED Lighting Market Outlook
• Indian LED Market Size & Forecast
• Indian LED Market Share By Company
• Indian LED Market By Region
• Indian LED Market By Product Type
• Indian LED Market By End User/Application
• India LED Street Light Market Size & Forecast
• India LED Tube Light Market Size & Forecast
• India LED Bulb & Lamp Market Size & Forecast
• India LED Down lights Market Size & Forecast
• India LED Luminaires Market Size & Forecast
• India Smart LED Lights Market Size & Forecast
• Product Portfolio By Company
• The key companies in this market space

This report can be useful to Industry consultants, manufacturers and other stakeholders to align their market-centric strategies. In addition to marketing & presentations, it will also increase competitive knowledge about the industry.

Report Methodology
The information contained in this report is based upon both primary and secondary research. Primary research included interviews with various manufacturers of wind turbines in India. Secondary research included an exhaustive search of relevant publications like company annual reports, financial reports and proprietary databases.
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Keywords: India, Global, Lighting Market, LED Lighting Market, Luminaries, Lamps, Light Emitting Diode (LED), Accessories, Components and Control Gears (ACCs), Incandescent Lamps/GLS, CFL - Compact Fluorescent Lamps, FTL - Fluorescent Tube Lamps, LED Street Lights, LED Tube Lights, LED Bulbs & Lamps, LED Luminaries, LED Down-lights, Residential , Commercial, Industrial, UJALA Scheme

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