Indian LED Lighting Market Research Reports and Industry Forecast

Indian LED Lighting Market Summary:

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.The market growth is driven by rising energy efficiency policies, cost savings over traditional lighting, urban infrastructure development, and government-led LED distribution programs.

Market Insights:

• Panel lights held the largest share by product type in 2024.
• By application, commercial applications dominated the Indian LED lighting market.

Market Size and Forecast:

• 2024 Market Size: USD 5.0 Billion
• 2033 Projected Market Size: USD 26.7 Billion
• CAGR (2025–2033): 19.35%

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 LED lighting industry in India 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 labor, ease of doing business and demographic advantages provide a sustainable environment for the LED industry.

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Currently, the demand for LED lighting systems is primarily driven 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 Indian LED lighting market share 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.

Indian LED Lighting Market Trends:

Government-Led Smart Lighting Push Coupled with Technology Integration

Indian LED lighting market size 2025 is seeing a noticeable expansion due to shift toward smart lighting solutions, largely due to government-led initiatives and increasing investments in technology. Programs like the Smart Cities Mission, UJALA, and SLNP are not only promoting large-scale LED adoption but also encouraging the use of automated lighting systems with motion sensors, wireless controls, and remote monitoring. These technologies are being deployed in both public and private infrastructure, from smart street lighting to connected lighting in offices and commercial spaces. At the same time, the Production Linked Incentive (PLI) scheme as well as LED street light government subsidy India schemes are supporting component-level manufacturing by attracting investment from both domestic and global players. With the rise of home automation and IoT-based building systems, demand is shifting toward smart, adaptive lighting that improves energy efficiency while offering better user control. The government's clear direction and consistent funding are creating a stable environment for companies to invest in advanced lighting solutions, reducing reliance on imports and laying the groundwork for long-term industry growth.

Structural Challenges, Demand Drivers, and Expansion Potential

Even with a strong push from both government and industry, the LED light market in India still faces several structural and operational challenges. A fragmented supply chain, uneven enforcement of product quality standards, and a large unorganized sector selling low-cost, subpar products make it difficult for established players to maintain margins without sacrificing quality. Price sensitivity in rural areas and tier-2 towns also adds pressure, especially when combined with rising input costs. On the upside, long-term growth is being supported by several key factors, rapid real estate development, nationwide electrification efforts, and a growing shift in consumer behavior toward smart, energy-saving appliances, part of smart LED adoption India benefits. The increasing affordability of LEDs is further accelerating adoption across households, institutions, and small businesses. With India now being viewed as a potential export hub, manufacturers are eyeing international markets. These regions offer fresh demand for affordable lighting solutions, creating export-led opportunities for Indian companies that are able to scale and meet international compliance standards.

Indian LED Lighting Industry Segmentation:

IMARC Group provides an LED lighting market analysis of the key trends in each segment, along with forecasts at the country levels from 2025-2033. The market has been categorized based on product type and application.

Product Type Insights:

• Panel Lights
• Down Lights
• Street Lights
• Tube Lights
• Bulbs
• Others

Panel lights represent the largest segment in the Indian LED lighting market due to their wide usage in offices, commercial buildings, hospitals, educational institutions, and showrooms. These lights offer uniform brightness, low glare, energy savings, and modern design, making them a preferred choice for both new installations and retrofits. Increasing adoption of for ambient, aesthetically pleasing indoor lighting solutions due to the growing Indian LED Lighting market demand has boosted their adoption in smart buildings and green-certified spaces. Their compatibility with modular ceilings and smart lighting controls further supports their popularity across metros and tier-1 cities.

Application Insights:

• Commercial Applications
• Residential Applications
• Institutional Applications
• Industrial Applications

Commercial applications dominate the Indian LED lighting market, accounting for the highest share in terms of consumption. Offices, retail stores, malls, hotels, airports, and large institutions require extensive, high-lumen lighting solutions, making LEDs an ideal replacement for traditional systems. Energy savings, lower maintenance costs, and government energy audit requirements drive bulk procurement in this segment. The shift to smart commercial infrastructure and ESG-driven construction projects is also augmenting the Indian LED lighting market growth. Additionally, corporate workspace renovations and expansion of chain retail formats are increasing installation volumes across urban and semi-urban locations.

Leading LED Lighting Companies & Manufacturers in India:

Key players in the Indian LED lighting market are focusing on a mix of product innovation, local manufacturing, and strategic partnerships to stay competitive and drive growth. Companies like Signify, Havells, and Crompton are expanding their smart lighting portfolios by integrating IoT features and app-based controls tailored for both residential and commercial users. To reduce import dependency and improve margins, many are investing in in-house production of components such as drivers and PCBs. Some are also collaborating with government bodies on public lighting projects, especially in urban infrastructure and smart city programs. In retail, efforts are being made to strengthen distribution networks in tier-2 and tier-3 cities. At the same time, marketing is shifting toward energy savings and sustainability to appeal to environmentally conscious buyers.

The report provides a comprehensive analysis of the competitive landscape in the Indian LED lighting market with detailed profiles of all major companies, including:

• Signify NV
• Surya Roshni Limited
• Crompton Greaves Consumer Electricals Limited
• Bajaj Electricals Limited
• Halonix Technologies Pvt. Ltd.
• Havells India Limited

Latest News and Developments:

• On March 27, 2025, Signify and Dixon Technologies (India) Ltd. announced a proposed 50:50 joint venture aimed at strengthening domestic manufacturing of lighting products and accessories in India. The venture will focus on producing a wide range of LED solutions, bulbs, battens, downlights, strips, and accessories, leveraging Signify’s lighting technology and Dixon’s manufacturing capabilities. This move aligns with India’s “Make in India” initiative and is expected to boost cost competitiveness and innovation in the Indian LED lighting market.
• On March 18, 2025, Uno Minda launched its Premium Ultimo Pro+ LED lighting bulb range for two-wheelers in the Indian aftermarket, targeting enhanced safety and aesthetics. The product line includes 20W, 15W, and 10W variants with lumen outputs of 2000, 1700, and 1100, respectively, offering 6500K bright and 3800K warm light options. Priced between INR 660–INR 995 (USD 7.90–11.90), these plug-and-play LED bulbs are available both online and offline, reflecting rising aftermarket demand and expanding LED adoption in India’s two-wheeler segment.
• On October 10, 2024, Orient Electric Limited, a part of the USD 3 Billion CK Birla Group, launched its digital campaign “Thoughtfully Curated Lights for Your Home” to highlight its premium lighting solutions, including LED lighting, tailored for modern Indian households. The campaign showcases how lighting transforms spaces and moods through a film centered on a contemporary family, supported by a strong digital rollout across YouTube, Meta, Connected TV, and housing society activations.
• On October 27, 2024, the Municipal Corporation of Delhi (MCD) proposed an INR 1,144.3 Crore (USD 137.3 Million) project to replace approximately 400,000 LED lights across Central, South, West, and Najafgarh zones. The plan includes a 10-year contract for installation, operation, and maintenance of energy-efficient public lighting systems, aiming to improve illumination and reduce outages.

Indian LED Lighting Market Report Scope:

Key Benefits for Stakeholders:

• IMARC’s report offers a comprehensive quantitative analysis of various market segments, historical and current market trends, market forecasts, and dynamics of the Indian LED lighting market from 2019-2033.
• The research study provides the latest information on the market drivers, challenges, and opportunities in the Indian LED lighting market.
• Porter's Five Forces analysis assists stakeholders in assessing the impact of new entrants, competitive rivalry, supplier power, buyer power, and the threat of substitution. It helps stakeholders to analyze the level of competition within the LED lighting industry and its attractiveness.
• Competitive landscape allows stakeholders to understand their competitive environment and provides an insight into the current positions of key players in the market.