India Lighting Market Size (2024 - 2029)

Lighting in India Market Analysis

The India Lighting Market is expected to register a CAGR of 15.70% during the forecast period.

Moreover, With technological developments such as artificial intelligence and LED lighting, business has been able to concentrate on the interior of their facilities in order to create a functioning working environment. Continuous innovation in the market for commercial lighting products, which might have a material impact on light bulbs, has been taking place to reduce energy costs.

• Due to various supporting factors, conventional light bulbs in India are easily replaced by LED lights. Furthermore, as LEDs are progressively used in automotive headlamps, aviation, general lighting, advertising, lighted wallpapers, medical devices, camera flashes, and traffic signals, the LED lighting market is expanding throughout the country. In addition, the entry of Chinese LED light producers in India has enabled Indian manufacturers to offer innovative products.
• More than half of India's population resides in urban cities, and the ratio continuously increases with each passing year. Moreover, this rate is even higher in highly dense cities such as Delhi, Mumbai, and Kolkata. Rapid urbanization has resulted in significant infrastructure development, including the construction of highways for connecting cities, commercial malls, and airports, over the past few years. Hence, the demand for outdoor LED lighting is increasing.
• Some of public places, such as commercial buildings, including malls, stores, restaurants, hospitals, and schools, Significant amounts of energy consumption are attributable to lighting, which accounts for a large part of overall energy consumption. It is evident that these facilities would be aiming to reduce their operating costs. The government push has driven domestic manufacturing companies to target new opportunities in the market.
• Also, parking lots in commercial buildings in India often get packed with vehicles during peak hours. A poorly lit parking lot can result in thieves and burglars unethically breaking into the vehicles. Since LED lights provide brighter and better illumination than conventional lighting solutions, they light up the entire space uniformly to ensure safety at all times.
• LED fixtures, on the other hand, are new lighting fixtures that are developed and manufactured with LED technology and may be used to replace any current lighting solutions. Therefore, any disruption in real estate or construction industry will negatively impact the lighting solutions worldwide.

Lighting in India Industry Segmentation

Lighting or illumination is the deliberate use of light to achieve practical or aesthetic effects. Lighting includes the use of both artificial light sources like lamps and light fixtures, as well as natural illumination by capturing daylight

The scope of the study focuses on the market analysis of light used in different applications in India. The study includes a detailed breakdown of the type of product, light source, distribution channel, and applications. The impact of COVID-19 on the market and affected segments are also covered under the scope of the study. Further, the disruption factors impacting the market's growth in the near future have been covered in the study regarding drivers and restraints.

India lighting market is segmented by product (luminaires/fixtures, lamps), light source (LED, conventional), distribution channel(direct sales/developers/contract, wholesalers/electricians, lighting specialists and others), application (commercial (offices, retail & hospitality,healthcare facilities), industrial (process industries,discrete industries,warehouses and other industrial setups),outdoor, residential). The market sizes and forecasts are provided in terms of value in USD for all the above segments.