The Indian LED lighting market size reached US$ 4.2 Billion in 2023. Looking forward, the market is projected to reach US$ 23.2 Billion by 2032, exhibiting a growth rate (CAGR) of 20.91% during 2023-2032.
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.
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.
This report 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.
2. What is the expected growth rate of the Indian LED lighting market during 2024-2032?
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?
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.
This report 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 2023?2. What is the expected growth rate of the Indian LED lighting market during 2024-2032?
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?
Table of Contents
1 Preface3 Executive Summary13 Loans and Financial Assistance
2 Scope and Methodology
4 Introduction
5 Global LED Lighting Industry
6 Why is the LED Market so lucrative in India
7 Indian LED Lighting Industry
8 Market Breakup by Product Type
9 Market Breakup by Application
10 Competitive Landscape
11 LED Manufacturing Process
12 Project Details, Requirements and Costs Involved
14 Project Economics
15 Key Player Profiles
List of Figures
List of Tables
Companies Mentioned
- Signify NV
- Surya Roshni Limited
- Crompton Greaves Consumer Electricals Limited
- Bajaj Electricals Limited
- Halonix Technologies Pvt. Ltd.
- Havells India Limited
Methodology
LOADING...
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 117 |
| Published | April 2024 |
| Forecast Period | 2023 - 2032 |
| Estimated Market Value ( USD | $ 4.2 Billion |
| Forecasted Market Value ( USD | $ 23.2 Billion |
| Compound Annual Growth Rate | 20.9% |
| Regions Covered | India |
| No. of Companies Mentioned | 6 |
