Need help finding what you are looking for?
Contact Us
PUBLISHER: IMARC | PRODUCT CODE: 1792476
PUBLISHER: IMARC | PRODUCT CODE: 1792476
Indian LED Lighting Market Report by Product Type (Panel Lights, Down Lights, Street lights, Tube Lights, Bulbs, and Others), Application (Commercial Applications, Residential Applications, Institutional Applications, Industrial Applications) 2025-2033
PUBLISHED:
PAGES: 118 Pages
DELIVERY TIME: 2-3 business days
SELECT AN OPTION
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.
LED lights have emerged as a powerful source for 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 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 provides a sustainable environment for the LED industry.
Indian LED Lighting Market Trends:
Currently, the demand for LED lighting systems is primarily concentrated in the North and South regions due to growing urbanization rates and increasing number of government initiatives that encourage the use of LED lights. The government's support through various regulations that promote the investments in energy efficient lighting technologies have expanded the applications of LED lights across various industrial, commercial and residential sectors.
A rapidly growing automotive industry also provides productive opportunities for the use of LEDs in head lamps, rear lamps, turn signal and brake lights. Other important factors such as increasing infrastructural investments, rapid growth of street lighting systems, decline in average prices of LEDs and various government and upcoming smart building projects are expected to drive the demand of LED lights in India.
IMARC's latest study "Indian LED Lighting Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2025-2033" provides a techno-commercial roadmap for setting up an LED manufacturing plant. The study, which has been done by one of the world's leading research and advisory firms, covers all the requisite aspects of the India LED lighting market. This ranges from macro overview of the market to micro details of the industry performance, processing and manufacturing requirements, project cost, project funding, project economics including expected returns on investment, profit margins, etc. This report is a must-read for entrepreneurs, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the LED industry in any manner.
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 Questions Answered in This Report
- 1.What is the size of the Indian LED lighting market in 2024?
- 2.What is the expected growth rate of the Indian LED lighting market during 2025-2033?
- 3.What are the key factors driving the Indian LED lighting market?
- 4.What has been the impact of COVID-19 on the Indian LED lighting market?
- 5.What is the breakup of the Indian LED lighting market based on the product type?
- 6.What is the breakup of the Indian LED lighting market based on the application?
- 7.Who are the key companies/players in the Indian LED lighting market?
Product Code: SR112025A720
Table of Contents
1 Preface
2 Scope and Methodology
- 2.1 Objectives of the Study
- 2.2 Stakeholders
- 2.3 Data Sources
- 2.3.1 Primary Sources
- 2.3.2 Secondary Sources
- 2.4 Market Estimation
- 2.4.1 Bottom-Up Approach
- 2.4.2 Top-Down Approach
- 2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
- 4.1 Overview
- 4.2 Key Industry Trends
5 Global LED Lighting Industry
- 5.1 Market Overview
- 5.2 Market Performance
- 5.2.1 Volume Trends
- 5.2.2 Value Trends
- 5.3 Market Breakup by Region
- 5.4 Market Breakup by Application
- 5.5 Market by LED Products: LED Lamps, Modules and Fixtures
- 5.5.1 Current and Historical Market Trends
- 5.5.2 Market Forecast
- 5.6 Market Forecast
6 Why is the LED Market so lucrative in India
- 6.1 India Represents One of the World's Biggest Lighting Markets
- 6.2 India's Expanding Consumer Durables Market Provides Immense Potential for Backlighting
- 6.3 The Government Sector Represents One of the Biggest Drivers of this Market
- 6.4 India Represents One of the World's Fastest Growing Automobile Markets
- 6.5 India is Turning into a Lucrative LED Manufacturing Destination
- 6.6 Other Factors Driving this Market
7 Indian LED Lighting Industry
- 7.1 Market Overview
- 7.2 Market Performance
- 7.2.1 Volume Trends
- 7.2.2 Value Trends
- 7.3 Impact of COVID-19
- 7.4 Market Breakup by Product Type
- 7.5 Market Breakup by Application
- 7.6 Market Breakup by Region
- 7.7 Market Breakup by Imports and Domestic Manufacturing
- 7.8 Market Breakup by Public and Private Sectors
- 7.9 Market Breakup by Indoor and Outdoor Applications
- 7.10 Market Forecast
- 7.11 SWOT Analysis
- 7.11.1 Overview
- 7.11.2 Strengths
- 7.11.3 Weaknesses
- 7.11.4 Opportunities
- 7.11.5 Threats
- 7.12 Value Chain Analysis
- 7.13 Porter's Five Forces Analysis
- 7.13.1 Overview
- 7.13.2 Bargaining Power of Buyers
- 7.13.3 Bargaining Power of Suppliers
- 7.13.4 Degree of Competition
- 7.13.5 Threat of New Entrants
- 7.13.6 Threat of Substitutes
- 7.14 Key Market Drivers and Success Factors
- 7.15 Key Success Factors and Risk Factors for LED Manufacturers
8 Market Breakup by Product Type
- 8.1 Panel Lights
- 8.1.1 Market Trends
- 8.1.2 Market Forecast
- 8.2 Down Lights
- 8.2.1 Market Trends
- 8.2.2 Market Forecast
- 8.3 Street lights
- 8.3.1 Market Trends
- 8.3.2 Market Forecast
- 8.4 Tube Lights
- 8.4.1 Market Trends
- 8.4.2 Market Forecast
- 8.5 Bulbs
- 8.5.1 Market Trends
- 8.5.2 Market Forecast
- 8.6 Others
- 8.6.1 Market Trends
- 8.6.2 Market Forecast
9 Market Breakup by Application
- 9.1 Commercial Applications
- 9.1.1 Market Trends
- 9.1.2 Market Forecast
- 9.2 Residential Applications
- 9.2.1 Market Trends
- 9.2.2 Market Forecast
- 9.3 Institutional Applications
- 9.3.1 Market Trends
- 9.3.2 Market Forecast
- 9.4 Industrial Applications
- 9.4.1 Market Trends
- 9.4.2 Market Forecast
10 Competitive Landscape
- 10.1 Market Structure
- 10.2 Market breakup by Key Players
11 LED Manufacturing Process
- 11.1 Panel Light
- 11.1.1 Product Overview
- 11.1.2 Manufacturing Process and Process Flow
- 11.1.3 Raw Material Requirements
- 11.1.4 Suppliers of Raw Materials and Delivery Time
- 11.2 Down Light
- 11.2.1 Product Overview
- 11.2.2 Manufacturing Process and Process Flow
- 11.2.3 Raw Material Requirements
- 11.2.4 Suppliers of Raw Materials and Delivery Time
- 11.3 Tube Light
- 11.3.1 Product Overview
- 11.3.2 Manufacturing Process and Process Flow
- 11.3.3 Raw Material Requirements
- 11.3.4 Suppliers of Raw Materials and Delivery Time
- 11.4 Bulbs
- 11.4.1 Product Overview
- 11.4.2 Manufacturing Process and Process Flow
- 11.4.3 Raw Material Requirements
- 11.4.4 Suppliers of Raw Materials and Delivery Time
- 11.5 Street Light
- 11.5.1 Product Overview
- 11.5.2 Manufacturing Process and Process Flow
- 11.5.3 Raw Material Requirements
- 11.5.4 Suppliers of Raw Materials and Delivery Time
- 11.6 Flood Light
- 11.6.1 Product Overview
- 11.6.2 Manufacturing Process and Process Flow
- 11.6.3 Raw Material Requirements
- 11.6.4 Suppliers of Raw Materials and Delivery Time
12 Project Details, Requirements and Costs Involved
- 12.1 Land Requirements and Expenditures
- 12.2 Construction Requirements and Expenditures
- 12.3 Plant Machinery
- 12.4 Machinery Pictures
- 12.5 Raw Material Requirements and Expenditures
- 12.6 Raw Material and Final Product Pictures
- 12.7 Packaging Requirements and Expenditures
- 12.8 Transportation Requirements and Expenditures
- 12.9 Utility Requirements and Expenditures
- 12.10 Manpower Requirements and Expenditures
- 12.11 Other Capital Investments
13 Loans and Financial Assistance
14 Project Economics
- 14.1 Capital Cost of the Project
- 14.2 Techno-Economic Parameters
- 14.3 Product Pricing and Margins Across Various Levels of the Supply Chain
- 14.4 Taxation and Depreciation
- 14.5 Income Projections
- 14.6 Expenditure Projections
- 14.7 Financial Analysis
- 14.8 Profit Analysis
15 Key Player Profiles
- 15.1 Signify NV
- 15.2 Surya Roshni Limited
- 15.3 Crompton Greaves Consumer Electricals Limited
- 15.4 Bajaj Electricals Limited
- 15.5 Halonix Technologies Pvt. Ltd.
- 15.6 Havells India Limited
Product Code: SR112025A720
List of Figures
- Figure 1: India: LED Lighting Industry Overview
- Figure 2: Global: LED Lighting Market: Volume Trends (in Billion Units), 2019-2024
- Figure 3: Global: LED Lighting Market: Value Trends (in Billion USD), 2019-2024
- Figure 4: Global: LED Lighting Market: Breakup by Region (in %), 2024
- Figure 5: Global: LED Lighting Market: Breakup by Application (in %), 2024
- Figure 6: Global: LED Lamps and Modules Market: Sales Volume (in Million Units), 2019-2024
- Figure 7: Global: LED Fixtures Market: Sales Volume (in Million Units), 2019-2024
- Figure 8: Global: LED Lamps and Modules Market Forecast: Sales Volume (in Million Units), 2025-2033
- Figure 9: Global: LED Fixtures Market Forecast: Sales Volume (in Million Units), 2025-2033
- Figure 10: Global: LED Lighting Market Forecast: Volume Trends (in Billion Units), 2025-2033
- Figure 11: Global: LED Lighting Market Forecast: Value Trends (in Billion USD), 2025-2033
- Figure 12: India: LED Lighting Market: Volume Trends (in Million Units), 2019-2024
- Figure 13: India: LED Lighting Market: Value Trends (in Billion USD), 2019-2024
- Figure 14: India: LED Lighting Market: Breakup by Product Type (in %), 2024
- Figure 15: India: LED Lighting Market: Breakup by Application (in %), 2024
- Figure 16: India: LED Lighting Market: Breakup by Region (in %), 2024
- Figure 17: India: LED Lighting Market: Breakup by Imports and Domestic Manufacturing (in %)
- Figure 18: India: LED Lighting Market: Breakup by Public and Private Sectors (in %), 2024
- Figure 19: India: LED Lighting Market: Breakup by Indoor and Outdoor Applications (in %), 2024
- Figure 20: India: LED Lighting Market Forecast: Volume Trends (in Million Units), 2025-2033
- Figure 21: India: LED Lighting Market Forecast: Value Trends (in Billion USD), 2025-2033
- Figure 22: India: LED Lighting Industry: SWOT Analysis
- Figure 23: India: LED Lighting Industry: Value Chain Analysis
- Figure 24: India: LED Lighting Industry: Porter's Five Forces Analysis
- Figure 25: India: LED Lighting Industry: Panel Light (in Million USD), 2019 & 2024
- Figure 26: India: LED Lighting Industry Forecast: Panel Light (in Million USD), 2025-2033
- Figure 27: India: LED Lighting Industry: Down Light (in Million USD), 2019 & 2024
- Figure 28: India: LED Lighting Industry Forecast: Down Light (in Million USD), 2025-2033
- Figure 29: India: LED Lighting Industry: Street Light (in Million USD), 2019 & 2024
- Figure 30: India: LED Lighting Industry Forecast: Street Light (in Million USD), 2025-2033
- Figure 31: India: LED Lighting Industry: Tube Light (in Million USD), 2019 & 2024
- Figure 32: India: LED Lighting Industry Forecast: Tube Light (in Million USD), 2025-2033
- Figure 33: India: LED Lighting Industry: Bulbs (in Million USD), 2019 & 2024
- Figure 34: India: LED Lighting Industry Forecast: Bulbs (in Million USD), 2025-2033
- Figure 35: India: LED Lighting Industry: Other Product Types (in Million USD), 2019 & 2024
- Figure 36: India: LED Lighting Industry Forecast: Other Product Types (in Million USD), 2025-2033
- Figure 37: India: LED Lighting Market: Commercial Applications (in Million USD), 2019 & 2024
- Figure 38: India: LED Lighting Market Forecast: Commercial Applications (in Million USD), 2025-2033
- Figure 39: India: LED Lighting Market: Residential Applications (in Million USD), 2019 & 2024
- Figure 40: India: LED Lighting Market Forecast: Residential Applications (in Million USD), 2025-2033
- Figure 41: India: LED Lighting Market: Institutional Applications (in Million USD), 2019 & 2024
- Figure 42: India: LED Lighting Market Forecast: Institutional Applications (in Million USD), 2025-2033
- Figure 43: India: LED Lighting Market: Industrial Applications (in Million USD), 2019 & 2024
- Figure 44: India: LED Lighting Market Forecast: Industrial Applications (in Million USD), 2025-2033
- Figure 45: India: LED Lighting Market: Breakup by Key Players (in %), 2024
- Figure 46: Panel Light Manufacturing: Various Types of Unit Operation Involved
- Figure 47: Panel Light Manufacturing: Conversion Rate of Products
- Figure 48: Down Light Manufacturing: Various Types of Unit Operation Involved
- Figure 49: Down Light Manufacturing: Conversion Rate of Products
- Figure 40: Tube Light Manufacturing: Various Types of Unit Operation Involved
- Figure 51: Tube Light Manufacturing: Conversion Rate of Products
- Figure 52: Bulbs Manufacturing Plant: Various Types of Unit Operation Involved
- Figure 53: Bulbs Manufacturing: Conversion Rate of Products
- Figure 54: Street Light Manufacturing: Various Types of Unit Operation Involved
- Figure 55: Street Light Manufacturing: Conversion Rate of Products
- Figure 56: Flood Manufacturing: Various Types of Operation Involved
- Figure 57: Flood Manufacturing: Conversion Rate of Products
- Figure 58: LED Lights Industry: Breakup of Capital Costs (in %)
- Figure 59: LED Lights Industry: Profit Margins at Various Level of Value Chain
- Figure 60: LED Lights Manufacturing Plant: Breakup of Manufacturing Costs (in %)
List of Tables
- Table 1: Global: LED Lighting Market: Key Industry Highlights, 2024 and 2033
- Table 2: Global: LED Lighting Market Forecast: Breakup by Region, 2025-2033
- Table 3: Global: LED Lighting Market Forecast: Breakup by Application, 2025-2033
- Table 4: India: LED Lighting Market: Key Industry Highlights, 2024 and 2033
- Table 5: India: LED Lighting Market Forecast: Breakup by Product Type (in Million USD), 2025-2033
- Table 6: India: LED Lighting Market Forecast: Breakup by Application (in Million USD), 2025-2033
- Table 7: Panel Light Manufacturing: Suppliers of Raw Materials and Delivery Timeline
- Table 8: Down Light Manufacturing: Suppliers of Raw Materials and Delivery Timeline
- Table 9: Tube Light Manufacturing: Suppliers of Raw Materials and Delivery Timeline
- Table 10: Bulbs Manufacturing: Suppliers of Raw Materials and Delivery Timeline
- Table 11: Street Light Manufacturing: Suppliers of Raw Materials and Delivery Timeline
- Table 12: Flood Light Manufacturing: Suppliers of Raw Materials and Delivery Timeline
- Table 13: LED Lights Manufacturing Plant: Costs Related to Land and Site Development (in USD)
- Table 14: LED Lights Manufacturing Plant: Costs Related to Civil Works (in USD)
- Table 15: LED Lights Manufacturing Plant: Machinery Costs (in USD)
- Table 16: LED Lights Manufacturing Plant: Costs Related to Other Capital Investments (in USD)
- Table 17: LED Lights Manufacturing Plant: Raw Material Requirements and Expenditures (in USD/Year)
- Table 18: LED Lights Manufacturing Plant: Outer Packaging Requirements and Expenditure
- Table 19: LED Lights Manufacturing Plant: Inner Packaging Requirements and Expenditure
- Table 20: LED Lights Manufacturing Plant: Transportation Expenditure (USD/Unit of Light)
- Table 21: LED Lights Manufacturing Plant: Power Consumption (in KWh)
- Table 22: LED Lights Manufacturing Plant: Costs Related to Salaries and Wages (in USD)
- Table 23: LED Lights Manufacturing Plant: Techno-Economic Parameters
- Table 24: LED Lights Manufacturing Plant: Income Projections (in USD)
- Table 25: LED Lights Manufacturing Plant: Expenditure Projections (in USD)
- Table 26: LED Lights Manufacturing Plant: Income Tax Expenditure
- Table 27: LED Lights Manufacturing Plant: Depreciation and Taxation
- Table 28: LED Lights Manufacturing Plant: Cash Flow Analysis Without Considering the Income Tax Liability
- Table 29: LED Lights Manufacturing Plant: Cash Flow Analysis on Considering the Income Tax Liability
- Table 30: LED Lights Manufacturing Plant: Profit and Loss Account
Have a question?
SELECT AN OPTION
Have a question?
Questions? Please give us a call or visit the contact form.