India Lighting Market Forecast: Rising Demand for LED and Smart Solutions to 2032

India Lighting Market size was valued at USD 4139.2 Million in 2024 and the total India Lighting Market size is expected to grow at a CAGR of 7.1% from 2025 to 2032, reaching nearly USD 7674 Million by 2032.

India Lighting Market Overview:

The India Lighting Market has witnessed significant growth in recent years, driven by rapid urbanization, rising infrastructure development, and a strong push toward energy-efficient solutions. The market is moving from traditional lighting systems to modern LED-based technologies, offering longer lifespan, reduced energy consumption, and lower maintenance costs. Government initiatives like the "UJALA Scheme" have accelerated LED adoption, making India one of the fastest-growing lighting markets globally. With growing awareness among consumers and businesses about sustainable energy practices, the market continues to expand across residential, commercial, and industrial sectors.

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India Lighting Market Outlook and Future Trends:

The future of the India Lighting Market is projected to remain promising, with strong demand expected for smart lighting systems and IoT-enabled solutions. Integration of lighting with smart homes, offices, and industrial automation is expected to fuel market opportunities in the coming years. Technological advancements such as Li-Fi, connected lighting, and solar-powered streetlights are shaping future growth. Additionally, the rise in disposable income and lifestyle upgrades among urban populations will continue to increase demand for decorative and architectural lighting products, strengthening India's position in the global lighting industry.

India Lighting Market Dynamics:

Market growth is primarily driven by factors such as increasing government support for energy-efficient lighting, consumer preference for LED over conventional lamps, and the surge in real estate projects across urban and rural India. The shift toward smart cities is creating new opportunities for modern lighting infrastructure. However, challenges such as high initial costs of smart lighting solutions and the dominance of low-quality unorganized products in rural areas continue to affect market penetration. Despite these obstacles, the overall market momentum remains strong, supported by technology adoption and policy frameworks.

India Lighting Market Key Recent Developments:

Recent developments highlight the strong evolution of the market. Major players are investing in expanding their LED product portfolios and developing smart, connected lighting solutions tailored for the Indian market. The government's focus on renewable energy has also resulted in large-scale adoption of solar-powered street lighting in rural regions. Collaborations between global lighting giants and Indian firms have further strengthened the supply chain and enhanced domestic manufacturing capabilities. With innovations, policy support, and consumer awareness, the India Lighting Market is expected to maintain a robust growth trajectory over the coming decade.

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India Lighting Market Segmentation:

by Interior

Tube light
Bulbs
Surface Light
Down Light
LED Strip Light
Architecture Light

by Exterior

Street Light
Bay Light
High Mast Light

Some of the current players in the India Lighting Market are:

1. Wipro Ltd
2. MIC Electronics Ltd
3. Avni Energy Solutions Pvt Ltd
4. VIN Semiconductors Pvt Ltd
5. Bajaj Electricals Ltd
6. Havells India Ltd
7. Philips Electronics India Ltd (Signify)
8. Osram India Pvt Ltd
9. Surya Roshni Ltd
10. Polycab India Ltd
11. Crompton
12. Halonix (Sindhu Lighting)
13. Starlite Components (Nashik)
14. Orient Electric Ltd
15. Syska LED Lights
16. Eveready Industries India Ltd
17. Goldmedal Electricals
18. Jaquar Lighting (Jaquar Corp.)
19. Usha International
20. HPL Electric & Power Ltd

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