Indian LED Lighting Market Expected to Rise at 19.35% CAGR During 2025-2033

Indian LED Lighting Market Overview

Base Year: 2024

Historical Years: 2019-2024

Forecast Years: 2025-2033

Government initiatives, increasing urbanization, and growing consumer awareness regarding energy efficiency are driving the growth of the Indian LED lighting market. According to the latest report by IMARC Group, 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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Indian LED Lighting Market Trends and Drivers:

The Indian LED lighting market is growing rapidly due to several factors. Key support from the government, like the UJALA scheme, has made LED bulbs affordable. This initiative has increased adoption rates and raised awareness about LED benefits. It has also created a strong demand for energy-efficient lighting. Moreover, more consumers and businesses are becoming environmentally conscious, shifting their preferences toward energy-saving options. The benefits of LEDs, such as longer lifespan, lower energy use, and reduced maintenance costs compared to incandescent and fluorescent lamps, are clear to users in homes, businesses, and industries. As manufacturing costs for LEDs decline due to economies of scale and tech advances, more people find transitioning to LED lighting appealing and affordable. This change is transforming the country's lighting landscape.

Now, the Indian LED market is seeing major technological advancements and a range of new applications. There is a growing focus on smart lighting solutions with features like dimming, color tuning, and IoT connectivity. These meet the rising demand for automated lighting in smart homes, offices, and cities. The market is also expanding beyond basic bulbs to include various luminaires for street lighting, industrial high bays, retail displays, and architectural lighting, all designed for specific needs. Additionally, there is a trend toward boosting domestic manufacturing and improving quality and performance standards. While price is still important, consumers and organizations are increasingly valuing reliable products with better performance and longer warranties. This shift is pushing manufacturers to invest in R&D and enhance supply chain efficiency in India. This evolution indicates a maturing market that is moving beyond simple replacements to embrace innovative and high-performance LED lighting solutions.

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Indian LED Lighting Industry Segmentation:

The report has segmented the market into the following categories:

Markets Analysed:

●Indian Lighting Market
●Indian LED Lighting Market
●Indian LED Lighting Market by Product Type
●Indian LED Lighting Market by Application
●Indian LED Lighting Market by Region
●Indian LED Lighting Market by Public and Private Sectors
●Indian LED Lighting Market by Indoor and Outdoor Applications

Products Manufactured:

●Panel Lights
●Flood Lights
●Down Lights
●Street Lights
●Tube Lights
●Bulbs
●Others

Technical and Financial Analysis:

●Manufacturing Process
●Raw Material Requirements
●Land Requirements
●Construction Requirements
●Manpower Requirements
●Utility Requirements
●Packaging Requirements
●Capital Investments
●Operating Expenses
●Incomes
●Profit Margins
●Return on Investment
●Competitive Landscape:

Indian LED lighting market is highly fragmented with the presence of several small and large manufacturers competing in terms of price and quality. Some of the major players in the market are:

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

Key highlights of the Report:

●Market Performance (2019-2024)
●Market Outlook (2025-2033)
●COVID-19 Impact on the Market
●Porter's Five Forces Analysis
●Strategic Recommendations
●Historical, Current and Future Market Trends
●Market Drivers and Success Factors
●SWOT Analysis
●Structure of the Market
●Value Chain Analysis
●Comprehensive Mapping of the Competitive Landscape

Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.

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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.

This release was published on openPR.