India LED Lighting Market Size

The India LED Lighting Market is poised for significant growth, with its market size expanding due to various factors influencing demand across different segments. The industrial and warehouse segment is anticipated to dominate in terms of value share, driven by the country's ambition to enhance its manufacturing capabilities and export potential. Meanwhile, residential lighting is expected to lead in volume share, supported by the burgeoning real estate sector and increasing homeownership. These dynamics reflect the broader economic goals of India, including its vision to become a major global economic player.

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Market Size of india led lighting Industry

India LED Lighting Market Summary
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https://s3.mordorintelligence.com/study%20period/1629296433432_test~study_period_study_period.svg Study Period 2017 - 2030
https://s3.mordorintelligence.com/cagr/1629296433433_test~cagr_cagr.svg Market Size (2024) USD 4.70 Billion
https://s3.mordorintelligence.com/cagr/1629296433433_test~cagr_cagr.svg Market Size (2030) USD 6.77 Billion
https://s3.mordorintelligence.com/hydraulic_fluids/1629285650767_test~hydraulic_fluids_hydraulic_fluids.svg Largest Share by Indoor Lighting Industrial and Warehouse
https://s3.mordorintelligence.com/cagr/1629296433433_test~cagr_cagr.svg CAGR (2024 - 2030) 6.29 %
https://s3.mordorintelligence.com/hydraulic_fluids/1629285650767_test~hydraulic_fluids_hydraulic_fluids.svg Fastest Growing by Indoor Lighting Agricultural Lighting

Major Players

India LED Lighting Market Major Players

*Disclaimer: Major Players sorted in no particular order

Key Players

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India LED Lighting Market Analysis

The India LED Lighting Market size is estimated at 4.70 billion USD in 2024, and is expected to reach 6.77 billion USD by 2030, growing at a CAGR of 6.29% during the forecast period (2024-2030).

4.70 Billion

Market Size in 2024 (USD)

6.77 Billion

Market Size in 2030 (USD)

4.80 %

CAGR (2017-2023)

6.29 %

CAGR (2024-2030)

Largest Segment by Automotive Utility Lighting

34.90 %

value share, Headlights, 2023

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The total sales of LED in this category were expected to reach 185.7 million by the end of 2023. The advantage of LED lights is that they are highly efficient, and last longer.

Largest Segment by Automotive Vehicle Lighting

44.55 %

value share, 2 Wheelers, 2023

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The volume of LED penetration in this category was expected to reach 68.7 million by the end of 2023. The domestic motorcycle industry posted double-digit Y-o-Y growth during 2022-23.

Largest Segment by Indoor Lighting

58.01 %

value share, Industrial and Warehouse, 2023

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The total sales of LED in this category were expected to reach 1681.8 million by the end of 2023. Industrial and warehousing absorption increased by 6% to 46.3 million square feet in 2022.

Largest Segment by Outdoor Lighting

74.79 %

value share, Streets and Roadways, 2023

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The volume of LED penetration in this category was expected to reach 68.8 million. India's road network is the second-largest in the world, with a length of 63.73 million kilometers.

Leading Market Player

3.72 %

market share, Havells India Ltd., 2022

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Havells has 14 highly automated production facilities in India which have been certified with ISO 9001, 14001, 4500 and 50001, as well as international product certification from Kema IEC, CBIEC, ESMA, Soncap, CSA SIRIM.

Increasing developments in the industrial category and increase in the number of residential houses to drive the growth of the LED lighting market

  • In terms of value share, the industrial and warehouse segment was expected to have the largest share (58%) in 2023, followed by residential (24.4%), commercial (15.2%), and agricultural lighting (2%). India is on track to become a major manufacturing hub in the world with its aim to export USD 1 trillion worth of goods by 2030. Furthermore, the implementation of various programs and policies, such as the National Manufacturing Policy, which aims to increase the manufacturing share of GDP to 25% by 2025, may also facilitate the market. The effort is aimed at accelerating the development of the core manufacturing industry. Demand for industrial lighting has grown steadily in warehousing, logistics, and industrial operations. For example, the Warehousing, Industry, and Logistics (WIL) category is expected to be crucial to realizing India's vision of becoming a USD 5 trillion economy by FY 2025. These factors are increasing sales of LED lighting in domestic warehouses and industries.
  • In terms of volume share, residential lighting is expected to have the largest share (68%) in 2023, followed by commercial (28.4%), industrial and warehouse lighting (2%), and agricultural lighting (2%). The average household size, including all registrants nationwide, in 2022 was 4.4 people per household, leading to an increase in private households and homeowners. Over 50% of people in India live in their own homes, nearly 30% live in rented houses, and 13% live in their parents' homes. In addition, the Indian real estate industry has recently experienced significant growth due to increased demand for office and residential spaces. Home sales in seven Indian cities increased by 29% in Q4 FY 2021, with new listings up by 51% compared to Q4 FY 2020.
India LED Lighting Market

India LED Lighting Industry Segmentation

Agricultural Lighting, Commercial, Industrial and Warehouse, Residential are covered as segments by Indoor Lighting. Public Places, Streets and Roadways, Others are covered as segments by Outdoor Lighting. Daytime Running Lights (DRL), Directional Signal Lights, Headlights, Reverse Light, Stop Light, Tail Light, Others are covered as segments by Automotive Utility Lighting. 2 Wheelers, Commercial Vehicles, Passenger Cars are covered as segments by Automotive Vehicle Lighting.

  • In terms of value share, the industrial and warehouse segment was expected to have the largest share (58%) in 2023, followed by residential (24.4%), commercial (15.2%), and agricultural lighting (2%). India is on track to become a major manufacturing hub in the world with its aim to export USD 1 trillion worth of goods by 2030. Furthermore, the implementation of various programs and policies, such as the National Manufacturing Policy, which aims to increase the manufacturing share of GDP to 25% by 2025, may also facilitate the market. The effort is aimed at accelerating the development of the core manufacturing industry. Demand for industrial lighting has grown steadily in warehousing, logistics, and industrial operations. For example, the Warehousing, Industry, and Logistics (WIL) category is expected to be crucial to realizing India's vision of becoming a USD 5 trillion economy by FY 2025. These factors are increasing sales of LED lighting in domestic warehouses and industries.
  • In terms of volume share, residential lighting is expected to have the largest share (68%) in 2023, followed by commercial (28.4%), industrial and warehouse lighting (2%), and agricultural lighting (2%). The average household size, including all registrants nationwide, in 2022 was 4.4 people per household, leading to an increase in private households and homeowners. Over 50% of people in India live in their own homes, nearly 30% live in rented houses, and 13% live in their parents' homes. In addition, the Indian real estate industry has recently experienced significant growth due to increased demand for office and residential spaces. Home sales in seven Indian cities increased by 29% in Q4 FY 2021, with new listings up by 51% compared to Q4 FY 2020.
Indoor Lighting
Agricultural Lighting
Commercial
Office
Retail
Others
Industrial and Warehouse
Residential
Outdoor Lighting
Public Places
Streets and Roadways
Others
Automotive Utility Lighting
Daytime Running Lights (DRL)
Directional Signal Lights
Headlights
Reverse Light
Stop Light
Tail Light
Others
Automotive Vehicle Lighting
2 Wheelers
Commercial Vehicles
Passenger Cars
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India LED Lighting Market Size Summary

The India LED Lighting Market is poised for significant growth, driven by a combination of industrial, residential, and commercial demand. The industrial and warehouse segment is expected to dominate in terms of value share, reflecting the country's ambition to become a global manufacturing hub. This is supported by government initiatives like the National Manufacturing Policy, which aims to boost the manufacturing sector's contribution to GDP. The demand for LED lighting is further bolstered by the expanding warehousing, logistics, and industrial operations, which are integral to India's economic vision. In terms of volume, residential lighting is anticipated to lead, fueled by the increasing number of private households and the burgeoning real estate sector. The government's Pradhan Mantri Awas Yojana scheme, aimed at constructing affordable housing, is also a key driver of this demand.

The market landscape is characterized by a fragmented structure, with major players like Crompton Greaves Consumer Electricals Limited, Havells India Ltd., OSRAM GmbH, Surya Roshni Limited, and Wipro Lighting Limited holding a modest share. The rise in disposable income and urban migration is expected to enhance LED penetration, meeting the growing need for energy-efficient lighting solutions. The automotive industry's expansion further contributes to this trend, as the demand for energy-efficient car lighting rises with the increasing number of vehicles on the road. Government initiatives, such as the Unnat Jyoti by Affordable LEDs for All (UJALA) program, have also played a crucial role in promoting LED adoption by distributing millions of LED lights, significantly reducing electricity consumption.

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India LED Lighting Market Size - Table of Contents

  1. 1. MARKET SEGMENTATION (includes market size in Value in USD and Volume, Forecasts up to 2030 and analysis of growth prospects)

    1. 1.1 Indoor Lighting

      1. 1.1.1 Agricultural Lighting

      2. 1.1.2 Commercial

        1. 1.1.2.1 Office

        2. 1.1.2.2 Retail

        3. 1.1.2.3 Others

      3. 1.1.3 Industrial and Warehouse

      4. 1.1.4 Residential

    2. 1.2 Outdoor Lighting

      1. 1.2.1 Public Places

      2. 1.2.2 Streets and Roadways

      3. 1.2.3 Others

    3. 1.3 Automotive Utility Lighting

      1. 1.3.1 Daytime Running Lights (DRL)

      2. 1.3.2 Directional Signal Lights

      3. 1.3.3 Headlights

      4. 1.3.4 Reverse Light

      5. 1.3.5 Stop Light

      6. 1.3.6 Tail Light

      7. 1.3.7 Others

    4. 1.4 Automotive Vehicle Lighting

      1. 1.4.1 2 Wheelers

      2. 1.4.2 Commercial Vehicles

      3. 1.4.3 Passenger Cars

India LED Lighting Market Size FAQs

The India LED Lighting Market size is expected to reach USD 4.70 billion in 2024 and grow at a CAGR of 6.29% to reach USD 6.77 billion by 2030.

In 2024, the India LED Lighting Market size is expected to reach USD 4.70 billion.

India LED Lighting Market Report Snapshots

India LED Lighting Market SIZE & SHARE ANALYSIS - GROWTH TRENDS & FORECASTS UP TO 2030