India LED Lighting Market Outlook, 2027-28

India lighting industry is registering strong growth & is anticipated to grow with a higher CAGR. LED Bulbs & Lamps is leading with volume market share of more than 60%.

Featured Companies

  • 1. Bajaj Electricals Limited
  • 2. Eveready Industries India Limited
  • 3. Havells India Limited
  • 4. Orient Electric Limited
  • 5. Osram Lighting Private Limited
  • 6. Panasonic India Private Limited
  • More...

The Indian lighting industry is registering strong growth and is anticipated to grow with a higher CAGR in forecast periods. The government’s ambitious energy conservation target is the driving factor for this transition. In India, the 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 during the upcoming timeframe. By product, the Indian LED lighting market is segregated into LED Street Lights, LED Tube Lights, LED Bulbs & Lamps, LED Luminaries and LED Down-lights. LED Bulbs & Lamps are leading with a volume market share of more than 60% as compared to Luminaries, which have the lowest market share. The LED lighting industry in India has created numerous opportunities. However, LED lights have enormously entered into residential, commercial, industrial and many other sectors in the Indian market. However, the market still has to go a long way.

According to the report title, "India LED Lighting Market Outlook, 2027–28", the LED market in India is anticipated to acquire more than INR 55000 Crore during the forecast period. 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 technologies. Nowadays, the stipulation for LED lighting in India is largely driven by Tier-1 cities because of stronger awareness. However, in the future, the demand is also anticipated to grow from Tier-2, Tier-3, and rural markets, especially in the street lighting and industrial lighting segments.
Furthermore, government initiatives, projects, and various schemes will open up new markets for the LED lighting industry. The West region of India is prominent in the LED market with a market share of more than 30% in volume terms. However, the penetration of the LED market is still low in the eastern region of India. The end-user application market is segmented into residential, commercial, industrial, and others, which consist of highways and public places. The residential segment is the most penetrated segment, with a market share of more than 40% in the LED market.

However, because of the 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. Currently, the demand for LED lighting systems is primarily concentrated in the North and South regions due to growing urbanization rates and an increasing number of government initiatives that encourage the use of LED lights. The government’s support through various regulations that promote investments in energy efficient lighting technologies has expanded the applications of LED lights across various industrial, commercial, and residential sectors.

LED lights have emerged as a powerful source of lighting over the past several years. Due to their numerous advantages over conventional lighting technology, they have swiftly gained prominence in the Indian lighting market. Although the Indian LED lighting market is at a nascent stage, it offers innumerable opportunities for growth over the next few decades. As India represents one of the biggest lighting markets, it offers a lucrative option for LED manufacturers to set up their facilities in the region. Skilled labour, ease of doing business, and demographic advantages provide a sustainable environment for the LED industry.

The LED sector is anticipated to grow in full swing due to the expansion in infrastructure development such as highways, commercial places, etc., which coupled with socioeconomic extension and inclination of people towards energy-efficient and innovative lighting solutions, the further actions are well defined. Due to the environmental awareness among people, this has additionally built the push. The government’s programs, such as "Power for All," will keep the momentum going. The ongoing transformation and infrastructure expansion projects are further expected to increase the demand for LED lighting, leading to market growth. For instance, initiatives such as Smart City are expected to support the development of the LED lighting market in India.

Moreover, the initial cost of the LED lighting housing can sometimes depend on the environment as well. Lighting systems deployed in harsh environments have to be safeguarded to withstand extreme conditions. Such a safeguarding arrangement can increase the cost of the equipment.

The huge energy-saving potential of LED lamps, coupled with their decreasing prices over the past few years, has accelerated the demand for these lighting products across India. Additionally, many government policies have been implemented in recent years to increase their adoption. For instance, in March 2021, India launched the Gram Ujala scheme, offering cheap LED bulbs in rural areas at INR 10. In its first phase, launched from Arrah in Bihar, 15 million LED bulbs were to be distributed across the villages of Arrah (Bihar), Varanasi (Uttar Pradesh), Vijaywada (Andhra Pradesh), Nagpur (Maharashtra), and western Gujarat. Further, as per the union power ministry of India, Convergence Energy Services Limited (CESL) has already distributed 5 million LED bulbs under the Gram Ujala program, as of December 2021.
Product innovation also continues to rise in the segment, with many new product launches in the segment. For instance, in March 2021, Realme India announced plans to launch Realme Smart LED bulbs in India. The product has a rated power rating of 9W with an input voltage of AC 120250V. The lights can be controlled using the Realme Link application, Google Home, or Amazon Alexa.

Several government policies are driving the adoption of LED lighting in the highway and roadway infrastructure of India. SLNP (Street Lighting National Programme) is the world's most extensive streetlight replacement program, and UJALA is the world's largest domestic lighting project. Both have been implemented by Energy Efficiency Services Limited (EESL), a joint venture of PSUs under the Ministry of Power, Government of India.

Additionally, the increasing usage in government projects creates significant opportunities for the market segment in the coming years. For instance, the Bidhannagar Municipal Corporation (BMC) started the much-delayed LED street light project in Kolkata, West Bengal. In the project, LED lights will replace all sodium vapour streetlamps across 41 wards. Nearly INR 32 Crore will be invested in this project. The project will deploy LED lights from a wide variety of power ranges up to 190 wattage. This will further fuel the growth of this segment in the coming years. LED lights are versatile and available in various colors, sizes, wattages, and shapes, which are used for decoration purposes during the festive seasons in India. These factors are driving the use of LED lighting in commercial spaces.
The Indian LED lighting market is highly fragmented, with many domestic and international players in the country. Due to the fragmented nature of the market, the competition among the players is high. Due to the continuous fall in LED prices in the country, competition has further increased among the manufacturers, driving further innovation and broader product choices at lower costs.

With wireless Smart Lighting, the LED industry can improve its profitability as compared to selling standard products like bulbs and down lights. By entering into Human Centric Lighting, various sectors like offices, hospitality, educational institutes, as well as the healthcare industry can gain. With new technologies like POE LiFi, VLC, the lighting to smart city lighting, smart mall or retail lighting, and so on, and also collaboration with IT sectors, data and technology share and transfer, etc. Being the 2nd most crowded nation & 5th main electricity consumer, India has been seeing a wide electricity supply-demand gap. A considerable share of the world’s total electricity generation is consumed for illumination by lighting sources and systems alone. The ingesting is continuing to rise owing to the rise of new zones of applications like entertainment lighting, aqua tissue culture, etc.

An increase in demand for LED lighting in India is observed mostly in metro cities, due to better consumer awareness and higher living standards. However, demand from other cities is forecast to grow based on the requirements from the factory lighting and street lighting domains. The government has also introduced the Rural Electrification Scheme under the "Deendayal Upadhyaya Gram Jyoti Yojana" to achieve 100% electrification of all the villages, thereby boosting the adoption of LED lighting products.

Recent Development
• January 20, 2021-Osram India announced their compact high-power LED Osconiq C 2424 that offers a broad colour temperature range from cool to warm white and various colour rendering indices (CRIs). The LED features excellent colour homogeneity and color-over-angle performance.
• March 2022: Signify launches its Philips Motion Sensing LED Batten in India. With its superior inbuilt motion sensor, the batten automatically turns on upon detecting motion within a 6-metre radius. With its automatic switch-on function, it offers a convenient lighting solution for less frequently accessed areas of a house, like balconies, staircases, washrooms, and parking areas.
• Syska announced the launch of two new LED lighting products, the T5 LED Batten-SSK-SQ2201 (PC-Polycarbonate) and Syska T5 LED Batten (AL-Aluminium)-SSK-SQ2201, in India at INR 449 and INR 549, respectively. Both the products have been manufactured in India.
• October 20, 2021: Surya Roshni launched a new range of 15W Smart Down lighters as part of its innovative Smart Light series. The LED smart downlight does not need Wi-Fi or the internet to function and can be operated with a remote.

COVID-19 Impacts:
Like many other industries in India, the lighting industry is also affected by 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 the pandemic situation and a downfall in total market value. However, the growth momentum is likely to recover speedily. The COVID-19 impact has been observed at the first or starting node of the market value chain, i.e., lighting products manufacturers. Additionally, the market is witnessing a halting of production and disruption in the supply chain, leading to weakened industrial output growth and the decline of light manufacturing output across significant manufacturing hubs.

Considered in this report
• Geography: India
• Base year: 2021-22
• Estimated year: 2022-23
• Forecast year: 2027-28

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, 2027-28” 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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Arun Kalwani

Arun Kalwani

Research Analyst

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Arun Kalwani

Companies Mentioned

  • Bajaj Electricals Limited
  • Eveready Industries India Limited
  • Havells India Limited
  • Orient Electric Limited
  • Osram Lighting Private Limited
  • Panasonic India Private Limited
  • Surya Roshni Limited
  • Syska LED Lights Private Limited
  • Wipro Consumer Care & Lighting Limited
  • Crompton Greaves Consumer Electricals Limited
  • Energy Efficiency Services Limited
  • Halonix Technologies Private Limited
  • Insta Power Limited
  • Signify Innovations India Limited (Formerly Philips Lighting)

Table of Contents

  • Table of Contents
  • 1. Executive Summary
  • 2. Market Structure
  • 2.1. Market Considerate
  • 2.2. Assumptions
  • 2.3. Limitations
  • 2.4. Abbreviations
  • 2.5. Sources
  • 2.6. Definitions
  • 2.7. India Macro Economic Indicators
  • 2.8. Demographics Insight
  • 3. Research Methodology
  • 3.1. Secondary Research
  • 3.2. Primary Data Collection
  • 3.3. Market Formation & Validation
  • 3.4. Report Writing, Quality Check & Delivery
  • 4. India Lighting Market Outlook
  • 4.1. Market Size By Value
  • 4.2. Market Share By Segment
  • 4.3. India Lamp Market Outlook
  • 4.3.1. Market Size
  • 4.3.1.1. By Value
  • 4.3.1.2. By Volume
  • 4.3.2. Incandescent Lamp Market
  • 4.3.3. Compact Fluorescent Lamp Market
  • 4.3.4. Fluorescent Tube Lamp Market
  • 4.3.5. Other Lamp Market
  • 4.3.6. Market Share By Technology
  • 4.4. India Luminaires Market Outlook
  • 4.5. India Accessories, Components and Control Gears Market Outlook
  • 5. Indian LED Lighting Market Outlook
  • 5.1. Market Size
  • 5.1.1. By Value
  • 5.1.2. By Volume
  • 5.2. Market Share
  • 5.2.1. By Company
  • 5.2.2. By Region
  • 5.2.3. By Product Type
  • 5.2.4. By End User/Application
  • 5.3. India LED Street Light Market Outlook
  • 5.3.1. Market Size
  • 5.3.1.1. By Value
  • 5.3.1.2. By Volume
  • 5.4. India LED Tube Light Market Outlook
  • 5.4.1. Market Size
  • 5.4.1.1. By Value
  • 5.4.1.2. By Volume
  • 5.5. India LED Bulb and Lamp Market Outlook
  • 5.5.1. Market Size
  • 5.5.1.1. By Value
  • 5.5.1.2. By Volume
  • 5.6. India LED Down Lights Market Outlook
  • 5.6.1. Market Size
  • 5.6.1.1. By Value
  • 5.6.1.2. By Volume
  • 5.7. India LED Luminaires Market Outlook
  • 5.7.1. Market Size
  • 5.7.1.1. By Value
  • 5.7.1.2. By Volume
  • 5.8. India Smart LED Lights Market Outlook
  • 5.8.1. Market Size
  • 5.8.1.1. By Value
  • 5.8.1.2. By Volume
  • 5.9. Product Price & Variant Analysis
  • 6. PEST Analysis
  • 7. Policy & Regulatory Landscape
  • 8. Market Dynamics
  • 8.1. Drivers
  • 8.2. Challenges
  • 9. Market Trends & Developments
  • 9.1. High Propensity to Spend on Education and in this Manner Stationery
  • 9.2. Shift in Focus from inexpensive to Quality Products
  • 9.3. Entry of Foreign Brands Drives The Organized Sector
  • 9.4. Consumer Opting for New Pens Rather than Refills
  • 9.5. Growing Affluence and Lifestyle Changes
  • 10. Competitive Landscape
  • 10.1. Porter`s Five Forces
  • 10.2. Company Profiles
  • 10.2.1. Bajaj Electricals Limited
  • 10.2.1.1. Company Snapshot
  • 10.2.1.2. Company Overview
  • 10.2.1.3. Financial Highlights
  • 10.2.1.4. Geographic Insights
  • 10.2.1.5. Business Segment & Performance
  • 10.2.1.6. Product Portfolio
  • 10.2.1.7. Key Executives
  • 10.2.1.8. Strategic Moves & Developments
  • 10.2.2. Crompton Greaves Consumer Electricals Limited
  • 10.2.3. Energy Efficiency Services Limited
  • 10.2.4. Eveready Industries India Ltd
  • 10.2.5. Halonix Technologies Private Limited
  • 10.2.6. Havells India Limited
  • 10.2.7. Insta Power Limited
  • 10.2.8. Orient Electric Limited
  • 10.2.9. Osram Lighting Private Limited
  • 10.2.10. Panasonic Life Solutions India Pvt. Ltd
  • 10.2.11. Signify Innovations India Limited (Philips Lighting India Limited)
  • 10.2.12. Surya Roshni Limited
  • 10.2.13. Syska Led Lights Private Limited
  • 10.2.14. Wipro Consumer Care & Lighting Limited
  • 11. Strategic Recommendations
  • 12. Disclaimer

List of Tables
Table 1: Product, Price & Variant Analysis of LED Lighting in India 2021-22
Table 2: Key Facts of Bajaj Electricals Limited
Table 3: Key Facts of Crompton Greaves Consumer Electricals Limited
Table 4: Key Facts of Energy Efficiency Services Limited
Table 5: Key Facts of Eveready Industries India Ltd
Table 6: Key Facts of Halonix Technologies Private Limited
Table 7: Key Facts of Havells India Limited
Table 8: Key Facts of Insta Power Limited
Table 9: Key Facts of Orient Electric Limited
Table 10: Key Facts of Osram Lighting Private Limited
Table 11: Key Facts of Panasonic Life Solutions India Pvt. Ltd
Table 12: Key Facts of Signify Innovations India Limited (Philips Lighting India Limited)
Table 13: Key Facts of Surya Roshni Limited
Table 14: Key Facts of Syska Led Lights Private Limited
Table 15: Key Facts of Wipro Consumer Care & Lighting Limited

List of Figures

Figure 1: India Lighting Market Size – By Value 2016-17 to 2027-28 (INR Crore)
Figure 2: India Lighting Market Share By Segment
Figure 3: India Lamp Market Size – By Value 2016-17 to 2027-28 (INR Crore)
Figure 4: India Lamp Market Size – By Volume 2016-17 to 2027-28 (in Million Units)
Figure 5: Incandescent Lamp Market Size – By Volume 2016-17 to 2027-28 (in Million Units)
Figure 6: Compact Fluorescent Lamp Market Size – By Volume 2016-17 to 2027-28 (in Million Units)
Figure 7: Fluorescent Tube Lamp Market Size – By Volume 2016-17 to 2027-28 (in Million Units)
Figure 8: Other Lamp Market Size – By Volume 2016-17 to 2027-28 (in Million Units)
Figure 9: India Lamps Market Share By Technology
Figure 10: India Luminaires Market Size – By Value 2016-17 to 2027-28 ( INR Crore)
Figure 11: India Accessories, Components and Control Gears Market Size – By Value 2016-17 to 2027-28 (INR Crore)
Figure 12: India LED Lighting Market Size – By Value 2016-17 to 2027-28 (INR Crore)
Figure 13: India LED Lighting Market Size – By Volume 2016-17 to 2027-28 (in Million Units)
Figure 14: India LED Lighting Market Share By Company By Value 2020-21
Figure 15: India LED Lighting Market Share By Region By Volume
Figure 16: India LED Lighting Market Share By Product Type By Volume
Figure 17: India LED Lighting Market Share By End User/Application By Volume
Figure 18: India LED Street Light Market Size – By Value 2016-17 to 2027-28 (INR Crore)
Figure 19: India LED Street Light Market Size – By Volume 2016-17 to 2027-28 (in Million Units)
Figure 20: India LED Tube Light Market Size – By Value 2016-17 to 2027-28 (INR Crore)
Figure 21: India LED Tube Light Market Size – By Volume 2016-17 to 2027-28 (in Million Units)
Figure 22: India LED Bulb and Lamp Market Size – By Value 2016-17 to 2027-28 (INR Crore)
Figure 23: India LED Bulb and Lamp Market Size – By Volume 2016-17 to 2027-28 (in Million Units)
Figure 24: India LED Down Lights Market Size – By Value 2016-17 to 2027-28 (INR Crore)
Figure 25: India LED Down Lights Market Size – By Volume 2016-17 to 2027-28 (in Million Units)
Figure 26: India LED Luminaires Market Size – By Value 2016-17 to 2027-28 (INR Crore)
Figure 27: India LED Luminaires Market Size – By Volume 2016-17 to 2027-28 (in Million Units)
Figure 28: India Smart LED Lights Market Size – By Value 2016-17 to 2027-28 (INR Crore)
Figure 29: India Smart LED Lights Market Size – By Volume 2016-17 to 2027-28 (in Million Units)

Feed Phosphate Market Research FAQs

The escalating demand for energy-efficient lighting solutions, along with the introduction of cost-effective smart LED lighting solutions with improved controls, is primarily driving the Indian LED lightening market.

The sudden outbreak of the COVID-19 pandemic had led to the implementation of stringent lockdown regulations in India resulting in temporary halt in numerous constructions and remodeling activities, thereby negatively impacting the LED lighting market.

Some of the major players in the Indian LED lighting market include Signify NV, Surya, Crompton, Bajaj, Halonix, Havells, etc.

The LED market in India is anticipated to acquire more than INR 55000 Crore during the forecast period.

Several government schemes such as Unnat Jyoti by Affordable LEDs for All (UJALA) and Street Lighting National Programme (SLNP) remained the biggest demand drivers for the LED lighting market in India.

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India LED Lighting Market Outlook, 2027-28

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