India LED Lighting Market By Type (LED Bulbs & Lamps, Batten Lights, Downlights, Spotlights and Others), By End Use Sector (Commercial, Residential, Institutional, Industrial), By Application (Outdoor Lighting, Indoor Lighting, Automotive Lighting and Others), By Region, Competition Forecast & Opportunities, 2018-2028

  • Industry : ICT
  • Pages : NA
  • Published Date : NA
Customization Enquiry

Buy Now

Summary

Report Description

The India LED Lighting Market is expected to increase at a rate more than 24.3% during the forecast period because LED sales in India surpassed those of incandescent, CFL, and tube light lights, increasing their market share from 0.3% to 46%, in 2021. Government initiatives, adoption in metro areas due to increased awareness and higher socio-economic growth are driving the significant rise in demand for LED lighting. Based on demands from the street lighting and industrial lighting domains, rural areas and Tier-II cities have also contributed to an increase in demand.

LED or Light Emitting Diode is a semiconductor device that emits lights when the electric currents flow through it. LEDs are used in various applications such as alarm and security systems, optical communication, robotics, remote controlled operations, etc. Moreover, LEDs offer several benefits over traditional lighting such as long-lasting capability, quick response time, fast switching capabilities and low power requirements. 

Increasing Demand for Smart Lighting

The LED lighting market in India has grown over the past decade, owing to several benefits over the older technology. Decreasing LED bulb prices, along with favourable government initiatives will drive the India LED Lighting Market, until 2023. Moreover, increasing adoption of LED lighting is being witnessed across residential and commercial sectors, government projects, and upcoming smart building projects, etc.

The LED lighting industry in India is also being driven by the demand for a connected and smart lifestyle. Many technologies that are still being developed for the LED lighting sector, are untapped. The LED lighting market will therefore continue to develop during the forecasted period. Additionally, Internet of Things (IoT) is one progressive  technology that allows/will allow multiple objects to be connected to one another. Technologies based on visible light communication include Li-Fi is another good example. This technology is essentially Wi-Fi, but with light, and indoor positioning, which tracks people's positions when using luminaires.

Therefore, with the growing demand for smart lighting, the India LED Lighting is also expected to grow during the forecast period.


Download Free Sample Report

Government Initiatives Drive the Market Growth

The main driver of LED lighting in India is a government policy initiative such as Unnat Jyoti by Affordable LEDs for All (UJALA), which procured the LED bulbs for the national market. This initiative brought LED prices down through competitive bidding, allowing the bulbs to be sold at reasonable prices, through registered vendors and kiosks. Moreover, the Street Lighting National Programme (SLNP), has already replaced over 2.1 million conventional streetlights with LED streetlights across the country, which has spurred the growth of India LED Lighting Market.

Furthermore, by increasing the quality of bulb and increasing industrial capabilities, there is an immense potential for India to continue its LED Lighting Market growth and this would be done through improving the focus in the entire value chain, considering research and development, demand side management, job creation and manufacturing actives.

Hence, smart cities, national LED Programme and several other government initiatives have led to a stronger growth. Not only the prices reduced drastically, but also the massive acceptance among the people will lead a massive growth opportunity in the next 5-10 years.

Increasing Demand for Sustainability

The adoption of LED lights in residential and commercial properties, is growing. With proper care and maintenance, LED lights such as LED tri proof lights, can experience an exceptionally long operating life. In properly designed luminaire, LEDs can be expected to operate for more than 100,000 hours. Certain factors determine the complete lifecycle of an LED light source such as desired lumens output, fixture designs, junction temperature and ambient operating temperature. The extended operating life of LED bulbs means that commercial buildings can increase the usable space throughout their building design. With LED lights having a longer life cycle than traditional light sources, commercial buildings are not required to extensively stock spare bulbs or accommodate maintenance for light fixtures.

Market Segments

India LED Lighting Market is segmented by type, by application, by end user sector and by region. Based on type, the market is segmented into LED Bulbs & Lamps, Batten Lights, Downlights, Spotlights, Others. Based on Application, the market is segmented into Outdoor Lighting, Indoor Lighting, Automotive Lighting, Others. Based on end user sector, the market is segmented into Commercial, Residential, Institutional, Industrial.

 

Market Players

India LED Lighting Market players include Surya Roshni Ltd., Havells India Limited, Shree Sant Kripa Appliances Pvt. Ltd, OSRAM India Private Limited, Crompton Greaves Consumer Electricals LTD, Halonix Technologies Limited, Panasonic India, GE Lighting India Pvt. Ltd., Bajaj Electricals Limited

Recent Developments

  • In 2019, Signify announces collaboration with Livspace (A Home Interiors Company) in India to provide a wide range of smart lighting options for customers designing their homes through the Livspace (A Home Interiors Company) platform.
  • In November 2022, Messe Frankfurt India and ELCOMA (Electric Lamp and Component Manufacturers Association of India) jointly organized the mega trade fair which showcased over 1000 cutting-edge lighting products and applications, inclusive of finished products and accessories, lighting component and raw materials, smart lighting systems, solar lights as well as LED manufacturing equipment and machinery, including a strong line up of ‘Make in India’ products.

 

Attribute

Details

Base Year

2022

Historic Data

2018 – 2022

Estimated Year

2023

Forecast Period

2024 – 2028

Quantitative Units

Revenue in USD Million and CAGR for 2018-2022 and 2023-2028

Report coverage

Revenue forecast, company share, growth factors, and trends

Segments covered

By Type

By Application

By End User Sector

By Region

Regional Scope

North, West, South, East

Key companies profiled

Surya Roshni Ltd., Havells India Limited, Shree Sant Kripa Appliances Pvt. Ltd, OSRAM India Private Limited, Crompton Greaves Consumer Electricals LTD, Halonix Technologies Limited, Panasonic India, GE Lighting India Pvt. Ltd., Bajaj Electricals Limited

Customization scope

10% free report customization with purchase. Addition or alteration to country, regional & segment scope.

Pricing and purchase options

Avail customized purchase options to meet your exact research needs. Explore purchase options

Delivery Format

PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

 Report Scope:

In this report, India LED Lighting Market has been segmented into following categories, in addition to the industry trends which have also been detailed below:

  • India LED Lighting Market, By Type:
    • LED Bulbs & Lamps
    • Batten Lights
    • Downlights
    • Spotlights
    • Others
  • India LED Lighting Market, By Application:
    • Outdoor Lighting
    • Indoor Lighting
    • Automotive Lighting
    • Others
  • India LED Lighting Market, By End User Sector:
    • Commercial
    • Residential
    • Institutional
    • Industrial
  • India LED Lighting Market, By Region:
    • North Region
    • West Region
    • South Region
    • East Region

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in India LED Lighting Market.

Available Customizations:

India LED Lighting Market with the given market data, Tech Sci Research offers customizations according to a company’s specific needs. The following customization options are available for the report:

Company Information

·         Detailed analysis and profiling of additional market players (up to five).

India LED Lighting Market is an upcoming report to be released soon. If you wish an early delivery of this report or want to confirm the date of release, please contact us at [email protected]

Table of content

1.    Product Overview

1.1.  Market Definition

1.2.  Scope of the Study

2.    Research Methodology

2.1.  Baseline Methodology

2.2.  Methodology Followed for Calculation of Market Size

2.3.  Methodology Followed for Calculation of Market Shares

2.4.  Methodology Followed for Forecasting

3.    Executive Summary

4.    Analyst View

5.    Impact of COVID-19 on India LED Lighting Market

6.    Voice of Customer

6.1.  Brand Awareness

6.2.  Brand Satisfaction Level

6.3.  Factors influencing Purchasing Decision

6.4.  Brand Switching Decision

7.    Global LED Lighting Market Overview

8.    India LED Lighting Market Outlook

8.1.   Market Size & Forecast

8.1.1.                           By Value and Volume

8.2.   Market Share & Forecast

8.2.1.                           By Type (LED Bulbs & Lamps, LED Batten Lights, LED Downlights, LED Spotlights and Others)

8.2.2.                           By Application (Outdoor Lighting, Indoor Lighting, Automotive Lighting and Others)

8.2.3.                           By End Use Sector (Industrial, Institutional, Residential and Commercial)

8.2.4.                           By Region

8.2.5.                           By Company (2022)

8.3.  Market Map (By Component, By Technology, By Application, By Region)

9.    India LED Bulbs & Lamps Market Outlook

9.1.   Market Size & Forecast

9.1.1.     By Value and Volume

9.2.   Market Share & Forecast

9.2.1.               By Application (Outdoor Lighting, Indoor Lighting, and Automotive Lighting)

9.2.2.               By End Use Sector (Industrial, Institutional, Residential and Commercial)

9.3.  Product Benchmarking

9.4.  Pricing Analysis

10. India LED Batten Lights Market Outlook

10.1.        Market Size & Forecast

10.1.1.  By Value and Volume

10.2.   Market Share & Forecast

10.2.1.            By Application (Outdoor Lighting, Indoor Lighting, and Automotive Lighting)

10.2.2.            By End Use Sector (Industrial, Institutional, Residential and Commercial)

10.3.                        Product Benchmarking

10.4.                        Pricing Analysis

11. India LED Downlights Market Outlook

11.1.        Market Size & Forecast

11.1.1.  By Value and Volume

11.2.   Market Share & Forecast

11.2.1.            By Application (Outdoor Lighting, Indoor Lighting, and Automotive Lighting)

11.2.2.            By End Use Sector (Industrial, Institutional, Residential and Commercial)

11.3.                        Product Benchmarking

11.4.                        Pricing Analysis

12. India LED Spotlights Market Outlook

12.1.        Market Size & Forecast

12.1.1.  By Value and Volume

12.2.   Market Share & Forecast

12.2.1.            By Application (Outdoor Lighting, Indoor Lighting, and Automotive Lighting)

12.2.2.            By End Use Sector (Industrial, Institutional, Residential and Commercial)

12.3.                        Product Benchmarking

12.4.                        Pricing Analysis

13. India Other LED Market Outlook

13.1.        Market Size & Forecast

13.1.1.  By Value and Volume

14. Value Chain Analysis

15. Import & Export Analysis

16. Market Dynamics                                                                                                      

16.1.             Drivers

16.1.1. Increasing Construction Activities

16.1.2. Growing Government Regulations for Energy Efficiency

16.1.3. Rapid Growth of Street Lighting Systems

16.2.             Challenges    

16.2.1. High Initial Cost

16.2.2.   Core Technology of LED Lighting is Relatively Weak

16.2.3. Brand Influence of China’s LED Lighting Companies is Weak

16.2.4. Homogeneity Competition of LED Lighting is Weak

17. Market Trends and Developments

17.1.Aggressive Marketing and Promotional Strategies

17.2.Trending Low LED Prices and Increasing Replacement Lighting Market Penetration

17.3.Automotive Lighting Revolution

17.4.Growing Adoption of LED Lighting in Home Decoration and Street Lighting

17.5.Non-Visible LED Lighting Applications Increasingly Valued

18. Policy & Regulatory Landscape

19. India Economic Profile                                                                                                 

20. Competitive Landscape

20.1.             Competition Outlook

20.2.             Company Profiles

20.2.1. Philips India Ltd.

20.2.1.1.    Company Overview

20.2.1.2.    Product Portfolio

20.2.1.3.    SWOT Analysis

20.2.1.4.    Key Personals

20.2.1.5.    Recent Developments/Updates

20.2.2. Surya Roshni Ltd.

20.2.2.1.     Company Overview

20.2.2.2.     Product Portfolio

20.2.2.3.     SWOT Analysis

20.2.2.4.     Key Personals

20.2.2.5.     Recent Developments/Updates

20.2.3. Havells India Limited

20.2.3.1.  Company Overview

20.2.3.2.  Product Portfolio

20.2.3.3.  SWOT Analysis

20.2.3.4.  Key Personals

20.2.3.5.  Recent Developments/Updates

20.2.4. Shree Sant Kripa Appliances Pvt. Ltd

20.2.4.1.  Company Overview

20.2.4.2.  Product Portfolio

20.2.4.3.  SWOT Analysis

20.2.4.4.  Key Personals

20.2.4.5.  Recent Developments/Updates

20.2.5. OSRAM India Private Limited

20.2.5.1.    Company Overview

20.2.5.2.    Product Portfolio

20.2.5.3.    SWOT Analysis

20.2.5.4.    Key Personals

20.2.5.5.    Recent Developments/Updates

20.2.6. Crompton Greaves Consumer Electricals LTD

20.2.6.1.     Company Overview

20.2.6.2.     Product Portfolio

20.2.6.3.     SWOT Analysis

20.2.6.4.     Key Personals

20.2.6.5.     Recent Developments/Updates

20.2.7. Halonix Technologies Limited

20.2.7.1.     Company Overview

20.2.7.2.     Product Portfolio

20.2.7.3.     SWOT Analysis

20.2.7.4.     Key Personals

20.2.7.5.     Recent Developments/Updates

20.2.8. Panasonic India

20.2.8.1.     Company Overview

20.2.8.2.     Product Portfolio

20.2.8.3.     SWOT Analysis

20.2.8.4.     Key Personals

20.2.8.5.     Recent Developments/Updates

20.2.9. GE Lighting India Pvt. Ltd.

20.2.9.1.     Company Overview

20.2.9.2.     Product Portfolio

20.2.9.3.     SWOT Analysis

20.2.9.4.     Key Personals

20.2.9.5.     Recent Developments/Updates

20.2.10.    Bajaj Electricals Limited

20.2.10.1.  Company Overview

20.2.10.2.  Product Portfolio

20.2.10.3.  SWOT Analysis

20.2.10.4.  Key Personals

20.2.10.5.  Recent Developments/Updates

21. Strategic Recommendations

21.1.Use Energy Management Systems

21.2.Use Intelligent Lighting Controls

22. About Us & Disclaimer

Figures and Tables

Frequently asked questions

down-arrow

The advantages of LED lighting are long lifespan, energy efficiency, no heat or UV emissions, low voltage operations, ability to operate in cold conditions, etc.

down-arrow

The efficiency and lifetime of LED can be improved by inserting a single layer of nanoparticles between the LED chip and glass or plastic encasing.

down-arrow

The efficiency of the Light Emitting Diode (LED) driver is the ratio of energy emitted by the driver to the power it consumes from the electric line.

down-arrow

The two main types of LED drivers are constant current LED drivers and constant voltage LED drivers.

Related Reports

profile

Sakshi Bajaal

Business Consultant
Press Release

India LED Lighting Market to Grow at a High CAGR Until 2028

Dec, 2022

Increasing demand for sustainability and rise in construction activities are expected to increase the growth of LED Lighting Market during the forecast period of 2024-2028.

Why Choose Us