Report Description

The India Outdoor LED Lighting Market is expected to grow at a robust CAGR during the forecast period because LED sales in India have surpassed the market share of incandescent lamps, CFLs and tube lights, increasing market share from 0.3% to 46% in 2021. Government initiatives, growing awareness of adoption of LED lights in metropolitan areas, and rising socio-economic growth are driving the significant increase in demand for LED lighting. Rural areas and Tier II cities also contribute to the increase in demand due to the growth of street lighting and industrial lighting sectors. LED lights are being used in Airports, Highways and other areas because LED bulbs have a long lifespan and offer great energy savings.

Light Emitting Diode (LED) is a semiconductor device that emits light when the electric current flows through it. Used in several applications such as alarm and security systems, optical communication, robotics, remote controlled operations, etc., LEDs offers benefits over traditional lighting such as long-lasting capability, quick response time, fast switching capability and low power consumption. 

Government Projects Increasing the Demand for LED Lighting

The Indian real estate sector is expected to reach a market size of USD 1 trillion by 2030, according to IBEF, while contributing almost 13% to the country's Gross Domestic Product (GDP). The commercial sector is expected to dominate the market occupied by the Indian real estate sector, by 2030.Many projects whether related to highways, malls, sports stadiums, and other spaces may lead to increase in market demand as LED lighting are used extensively in commercial sector.

India is planning to build 80 airports in the next 5 years. The annual growth of Indian aviation sector was about 8-9% but is expected to reach in double digits in the next couple years. In January 2019, the Airports Authority of India announced a tender to modify the existing perimeter lighting system, in line with the policy of Civil Aviation Security Service (BCAS) at the Chennai Airport. This required a supply of LED lights, and the cost was estimated to be INR 1.9 million. Moreover, India aims to have 90 airports by 2024 that are carbon neutral. All these factors are expected to propel the Outdoor LED Lighting market in the country.

Indian Government has been releasing new tenders for highway expansion. New projects such as Delhi–Mumbai Expressway, Delhi–Amritsar–Katra Expressway, Ganga Expressway (Meerut–Prayagraj) are some of the highways which will be using LED lights. With LED lights being used on highways, it is expected to propel the India Outdoor LED lighting market.

High-Cost LED lights

High quality LED lights are more expensive than traditional lights, due to the complexity of assembly and high raw material costs. However, manufacturers are using new technologies and designs to reduce production costs. Though in the long run, they prove to be cheap as they save electricity bill, but because of their high cost, customers are hesitant to purchase the LED lights. This will result as a hindrance in the growth of the market.

Recent Developments

Panasonic Life Solutions (PLS) launched smart Wi-Fi LED bulbs in India during the year 2020. The device has nearly 16 million multi-color options, giving users an option to change the lighting settings to complement the room design or for occasions such as dinners, parties and more. The new Smart Wi-Fi LED bulbs can be controlled via the Panasonic Smart Wi-Fi application.

The Punjab Ministry of Education has ordered public schools to use only LED lights/bulbs installed on school premises. The Punjab government aims to install LED lighting in government buildings to reduce energy consumption by 50-90%.


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Market Segments

India Outdoor LED Lighting Market is segmented into wattage, by application, by distribution channel and by installation type. Based on Wattage, the market is segmented into Below 80W, 80W and above. Based on Application, the market is segmented into Highways and Roadways,​ Public Places, Architecture​, Others (streetlights, parking garage etc.)). Based on Distribution Channel, the market is segmented into Direct Sales​, Wholesale/Retail, etc. Based on Installation Type, the market is segmented into New Installation​, Retrofit Installation.

Market Players

India Outdoor LED Lighting Market players include Surya Roshni Ltd., Havells India Limited, Halonix Technologies Limited, Panasonic India, Bajaj Electricals Limited, Signify Holding, CG Power and Industrial Solutions Ltd, Bajaj Electricals Limited (BEL), Osram India Private Limited, Syska Led Lights Private Limited.

Recent Developments

In 2019, Signify announces collaboration with Livspace in India to provide a wide range of smart lighting options for customers designing their homes through the Livpace platform.

In November 2022, Messe Frankfurt India and ELCOMA (Electric Lamp and Component Manufacturers Association of India) jointly organized a mega trade fair with over 1000 innovations including finished products and accessories, lighting components and raw materials, smart lighting, solar lights, LED manufacturing equipment and machinery.      

Attribute

Details

Base Year

2022

Historic Data

2018– 2022

Estimated Year

2023

Forecast Period

2024 – 2028

Quantitative Units

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

Report coverage

Revenue forecast, company share, growth factors, and trends

Segments covered

·         By Wattage

·         By Application

·         By Distribution Channel

·         By Region

Regional scope

North, South, West, East

Key companies profiled

Surya Roshni Ltd., Havells India Limited, Halonix Technologies Limited, Panasonic India, Bajaj Electricals Limited, Signify Holding, Osram India Private Limited, Syska Led Lights Private Limited, CG Power and Industrial Solutions Ltd, Eveready Industries India Limited

Customization scope

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

Pricing and purchase options

Avail customised 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 Outdoor LED Lighting Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

·         LED Lighting Market, By Wattage:

o   Below 80W

o   80W and above

·         LED Lighting Market, By Application:

o   Highways and Roadways,

o   Public Places

o   Architecture​

o   Others (streetlights, parking garage etc.)

·         LED Lighting Market, By Distribution Channel:

o   Direct Sales​

o   Wholesale/Retail

·         LED Lighting Market, By Installation Type:

o   New Installation​

o   Retrofit Installation

Competitive Landscape

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

Available Customizations:

India Outdoor LED Lighting market report 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.

The India Outdoor 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 Outdoor LED Lighting Market

6.    Voice of Customer

6.1.  Brand Awareness

6.2.  Brand Satisfaction Level

6.3.  Factors influencing Purchasing Decision

7.    India Outdoor LED Lighting Market Overview

8.    India Outdoor LED Lighting Market Outlook

9.    India Outdoor LED Lighting Market Overview

9.1.  Market Size & Forecast

9.1.1.                By Value

9.2.  Market Share & Forecast

9.2.1.           By Wattage (Below 80W, 80W and above)

9.2.2.                By Application (Highways and Roadways,​ Public Places, Architecture​, Others (Street Lights, parking garage etc.))

9.2.3.                By Distribution Channel (Direct Sales​, Wholesale/Retail)

9.2.4.                By Installation Type (New Installation​, Retrofit Installation)

9.2.5.                By Region (North, South, West, East)

9.2.6.                By Company (2022)

9.3.  Market Map (By Wattage, By Application, By Distribution Channel, By Installation Type and By Region)

10. North India Outdoor LED Lighting Outlook

10.1.   Market Size & Forecast

10.1.1.         By Wattage (Below 80W, 80W and above)

10.1.2.             By Application (Highways and Roadways,​ Public Places, Architecture​, Others (Street Lights, parking garage etc.))

10.1.3.             By Distribution Channel (Direct Sales​, Wholesale/Retail)

10.1.4.             By Installation Type (New Installation​, Retrofit Installation)

11. South India Outdoor LED Lighting Outlook

11.1.1.         By Wattage (Below 80W, 80W and above)

11.1.2.             By Application (Highways and Roadways,​ Public Places, Architecture​, Others (Street Lights, parking garage etc.))

11.1.3.             By Distribution Channel (Direct Sales​, Wholesale/Retail)

11.1.4.             By Installation Type (New Installation​, Retrofit Installation)

12. West India Outdoor LED Lighting Outlook

12.1.1.         By Wattage (Below 80W, 80W and above)

12.1.2.             By Application (Highways and Roadways,​ Public Places, Architecture​, Others (Street Lights, parking garage etc.))

12.1.3.             By Distribution Channel (Direct Sales​, Wholesale/Retail)

12.1.4.             By Installation Type (New Installation​, Retrofit Installation)

13. East India Outdoor LED Lighting Outlook

13.1.1.         By Wattage (Below 80W, 80W and above)

13.1.2.             By Application (Highways and Roadways,​ Public Places, Architecture​, Others (Street Lights, parking garage etc.))

13.1.3.             By Distribution Channel (Direct Sales​, Wholesale/Retail)

13.1.4.             By Installation Type (New Installation​, Retrofit Installation)

14. Market Dynamics                                                                                                      

14.1.   Drivers

14.1.1.             Growing Real Estate Market

14.1.2.             Increasing Airports

14.1.3.             Highway Expansion

14.2.   Challenges

14.2.1.             High-Cost LED lights

15. Market Trends and Developments

15.1.   Signify collaboration with livespace

15.2.   Messe Frankfurt India and ELCOMA mega trade fair

16. Company Profiles

16.1.   Surya Roshni Ltd.

16.1.1.             Business Overview

16.1.2.             Key Revenue and Financials (If available)

16.1.3.             Recent Developments

16.1.4.             Key Personnel

16.1.5.             Key Product/Services

16.2.   Havells India Limited

16.2.1.             Business Overview

16.2.2.             Key Revenue and Financials (If available)

16.2.3.             Recent Developments

16.2.4.             Key Personnel

16.2.5.             Key Product/Services

16.3.   Halonix Technologies Limited

16.3.1.             Business Overview

16.3.2.             Key Revenue and Financials (If available)

16.3.3.             Recent Developments

16.3.4.             Key Personnel

16.3.5.             Key Product/Services

16.4.   Panasonic India  

16.4.1.             Business Overview

16.4.2.             Key Revenue and Financials (If available)

16.4.3.             Recent Developments

16.4.4.             Key Personnel

16.4.5.             Key Product/Services

16.5.   Bajaj Electricals Limited

16.5.1.             Business Overview

16.5.2.             Key Revenue and Financials (If available)

16.5.3.             Recent Developments

16.5.4.             Key Personnel

16.5.5.             Key Product/Services

16.6.   Signify Holding

16.6.1.             Business Overview

16.6.2.             Key Revenue and Financials (If available)

16.6.3.             Recent Developments

16.6.4.             Key Personnel

16.6.5.             Key Product/Services

16.7.   Osram India Private Limited

16.7.1.             Business Overview

16.7.2.             Key Revenue and Financials (If available)

16.7.3.             Recent Developments

16.7.4.             Key Personnel

16.7.5.             Key Product/Services

16.8.   Syska Led Lights Private Limited

16.8.1.             Business Overview

16.8.2.             Key Revenue and Financials (If available)

16.8.3.             Recent Developments

16.8.4.             Key Personnel

16.8.5.             Key Product/Services

16.9.   G Power and Industrial Solutions Ltd

16.9.1.             Business Overview

16.9.2.             Key Revenue and Financials (If available)

16.9.3.             Recent Developments

16.9.4.             Key Personnel

16.9.5.             Key Product/Services

16.10.Eveready Industries India Limited

16.10.1.          Business Overview

16.10.2.          Key Revenue and Financials (If available)

16.10.3.          Recent Developments

16.10.4.          Key Personnel

16.10.5.          Key Product/Services

17. Strategic Recommendations

17.1.   Key focus on Segment

17.1.1.             More focused on Public Places Segment

17.1.2.             More focused on Highways and Roadways Segment

About Us & Disclaimer

Figures and Tables

Frequently asked questions

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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.

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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.

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What are the segments in India Outdoor LED Lighting Market?

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Major players in India Outdoor LED Lighting Market are Surya Roshni Ltd., Havells India Limited, Halonix Technologies Limited, Panasonic India, Bajaj Electricals Limited, Signify Holding, Osram India Private Limited, Syska Led Lights Private Limited, CG Power and Industrial Solutions Ltd, Eveready Industries India Limited.

profile

Sakshi Bajaal

Business Consultant
Press Release

India Outdoor LED Lighting Market to Grow at a CAGR of 15.06%

Feb, 2024

Expansion of building and road infrastructure due to favorable government regulations on energy efficiency are expected to increase the growth of Outdoor LED Lighting Market during the forecast perio