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Indian LED Lighting Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2019-2024

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.

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. According to new report published by IMARC Group, the Indian LED Lighting market was worth US$ 2.1 Billion in 2018, growing at a CAGR of 47% during 2011–2018.

IMARC’s latest study “Indian LED Lighting Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2019-2024” 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
  • Indian LED Lighting Market by End Use Sector
  • Indian LED Lighting Market by Region
  • Indian LED Lighting Market by Public and Private Markets
  • Indian LED Lighting Market by Indoor and Outdoor Markets


Products Manufactured:

  • Panel Lights
  • Flood Lights
  • Down Lights
  • Street Lights
  • Tube Lights
  • Bulbs


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


Key Questions Answered in This Report:

  • How has the global LED market performed so far and how will it perform in the coming years?
  • What are the key regional markets in the global LED industry?
  • Which are the key application areas in the global LED lighting industry?
  • What are the key product types in the global LED lighting industry?
  • How has the Indian LED market performed so far and how will it perform in the coming years?
  • What are the key product types in the Indian LED lighting industry?
  • Which are the key application areas in the Indian LED lighting industry?
  • What are the key regional markets in the Indian LED lighting industry?
  • What are the various stages in the value chain of the Indian LED lighting industry?
  • What are the key driving factors and challenges in the Indian LED lighting industry?
  • What is the structure of the Indian LED lighting industry and who are the key players?
  • What is the degree of competition in the Indian LED lighting industry?
  • What are the profit margins in the Indian LED lighting industry?
  • What are the key requirements for setting up LED lights manufacturing plant?
  • How LED panel lights are manufactured?
  • How LED flood lights are manufactured?
  • How LED down lights are manufactured?
  • How LED street lights are manufactured?
  • How LED tube lights are manufactured?
  • How LED bulbs are manufactured?
  • What are the various unit operations involved in a LED lights plant?
  • What is the total size of land required for setting up LED lights plant?
  • What are the machinery requirements for setting up LED lights plant?
  • What are the raw material requirements for setting up LED lights plant?
  • What are the packaging requirements for various LED lights?
  • What are the transportation requirements for LED lights?
  • What are the utility requirements for setting up LED lights plant?
  • What are the manpower requirements for setting up LED lights plant?
  • What are the infrastructure costs for setting up LED lights plant?
  • What are the capital costs for setting up LED lights plant?
  • What are the operating costs for setting up LED lights plant?
  • What will be the income and expenditures for LED lights plant?
  • What is the time required to break-even?

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    Market Breakup by Product Type
    7.4    Market Breakup by Application
    7.5    Market Breakup by Region
    7.6    Market Breakup by Imports and Domestic Manufacturing
    7.7    Market Breakup by Public and Private Sectors
    7.8    Market Breakup by Indoor and Outdoor Applications
    7.9    Market Forecast
    7.10    SWOT Analysis
        7.10.1    Overview
        7.10.2    Strengths
        7.10.3    Weaknesses
        7.10.4    Opportunities
        7.10.5    Threats
    7.11    Value Chain Analysis
    7.12    Porter’s Five Forces Analysis
        7.12.1    Overview
        7.12.2    Bargaining Power of Buyers
        7.12.3    Bargaining Power of Suppliers
        7.12.4    Degree of Competition
        7.12.5    Threat of New Entrants
        7.12.6    Threat of Substitutes
    7.13    Key Market Drivers and Success Factors
    7.14    Key Success Factors and Risk Factors for LED Manufacturers
8   Market 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    Philips
    15.2    Surya
    15.3    Crompton
    15.4    Bajaj
    15.5    Halonix
    15.6    Havells


List of Figure

Figure 1: Global: LED Lighting Industry Overview
Figure 2: Global: LED Lighting Market: Volume Trends (in Billion Units), 2011-2018
Figure 3: Global: LED Lighting Market: Value Trends (in Billion US$), 2011 & 2018
Figure 4: Global: LED Lighting Market: Breakup by Region (in %), 2018
Figure 5: Global: LED Lighting Market: Breakup by Application (in %), 2018
Figure 6: Global: LED Lamps and Modules Market: Sales Volume (in Million Units), 2011-2018
Figure 7: Global: LED Fixtures Market: Sales Volume (in Million Units), 2011-2018
Figure 8: Global: LED Lamps and Modules Market Forecast: Sales Volume (in Million Units), 2019-2024
Figure 9: Global: LED Fixtures Market Forecast: Sales Volume (in Million Units), 2019-2024
Figure 10: Global: LED Lighting Market Forecast: Volume Trends (in Billion Units), 2019-2024
Figure 11: Global: LED Lighting Market Forecast: Value Trends (in Billion US$), 2019-2024
Figure 12: India: LED Lighting Market: Volume Trends (in Million Units), 2011-2018
Figure 13: India: LED Lighting Market: Value Trends (in Million US$), 2011-2018
Figure 14: India: LED Lighting Market: Breakup by Product Type (in %), 2018
Figure 15: India: LED Lighting Market: Breakup by Application (in %), 2018
Figure 16: India: LED Lighting Market: Breakup by Region (in %), 2018
Figure 17: India: LED Lighting Market: Breakup by Imports, Exports and Domestic Manufacturing (in %),
Figure 18: India: LED Lighting Market: Breakup by Public and Private Sector (in %), 2018
Figure 19: India: LED Lighting Market: Breakup by Indoor and Outdoor Applications (in %), 2018
Figure 20: India: LED Lighting Market Forecast: Volume Trends (in Million Units), 2019-2024
Figure 21: India: LED Lighting Market Forecast: Value Trends (in Million US$), 2019-2024
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 US$), 2011 & 2018
Figure 26: India: LED Lighting Industry Forecast: Panel Light (in Million US$), 2019 & 2024
Figure 27: India: LED Lighting Industry: Down Light (in Million US$), 2011 & 2018
Figure 28: India: LED Lighting Industry Forecast: Down Light (in Million US$), 2019 & 2024
Figure 29: India: LED Lighting Industry: Street Light (in Million US$), 2011 & 2018
Figure 30: India: LED Lighting Industry Forecast: Street Light (in Million US$), 2019 & 2024
Figure 31: India: LED Lighting Industry: Tube Light (in Million US$), 2011 & 2018
Figure 32: India: LED Lighting Industry Forecast: Tube Light (in Million US$), 2019 & 2024
Figure 33: India: LED Lighting Industry: Bulbs (in Million US$), 2011 & 2018
Figure 34: India: LED Lighting Industry Forecast: Bulbs (in Million US$), 2019 & 2024
Figure 35: India: LED Lighting Market: Commercial Applications (in Million US$), 2011 & 2018
Figure 36: India: LED Lighting Market Forecast: Commercial Applications (in Million US$), 2019 & 2024
Figure 37: India: LED Lighting Market: Residential Applications (in Million US$), 2011 & 2018
Figure 38: India: LED Lighting Market Forecast: Residential Applications (in Million US$), 2019 & 2024
Figure 39: India: LED Lighting Market: Institutional Applications (in Million US$), 2011 & 2018
Figure 40: India: LED Lighting Market Forecast: Institutional Applications (in Million US$), 2019 & 2024
Figure 41: India: LED Lighting Market: Industrial Applications (in Million US$), 2011 & 2018
Figure 42: India: LED Lighting Market Forecast: Industrial Applications (in Million US$), 2019 & 2024
Figure 43: India: LED Lighting Market: Breakup by Key Players (in %), 2018
Figure 44: Panel Light Manufacturing: Various Types of Unit Operation Involved
Figure 45: Panel Light Manufacturing: Conversion Rate of Products
Figure 46: Down Light Manufacturing: Various Types of Unit Operation Involved
Figure 47: Down Light Manufacturing: Conversion Rate of Products
Figure 48: Tube Light Manufacturing: Various Types of Unit Operation Involved
Figure 49: Tube Light Manufacturing: Conversion Rate of Products
Figure 50: Bulbs Manufacturing Plant: Various Types of Unit Operation Involved
Figure 51: Bulbs Manufacturing: Conversion Rate of Products
Figure 52: Street Light Manufacturing: Various Types of Unit Operation Involved
Figure 53: Street Light Manufacturing: Conversion Rate of Products
Figure 54: Flood Manufacturing: Various Types of Operation Involved
Figure 55: Flood Manufacturing: Conversion Rate of Products
Figure 56: LED Lights Industry: Breakup of Capital Costs (in %)
Figure 57: LED Lights Industry: Profit Margins at Various Level of Value Chain
Figure 58: LED Lights Manufacturing Plant: Breakup of Manufacturing Costs (in %)
 

List of Table

Table 1: Global: LED Lighting Market: Key Industry Highlights, 2018 and 2024
Table 2: Global: LED Lighting Market Forecast: Breakup by Region, 2019-2024
Table 3: Global: LED Lighting Market Forecast: Breakup by Application, 2019-2024
Table 4: India: LED Lighting Market: Key Industry Highlights, 2019 and 2024
Table 5: India: LED Lighting Market Forecast: Breakup by Product (in Million US$), 2019-2024
Table 6: India: LED Lighting Market Forecast: Breakup by Application (in Million US$), 2019-2024
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 US$)
Table 14: LED Lights Manufacturing Plant: Costs Related to Civil Works (in US$)
Table 15: LED Lights Manufacturing Plant: Machinery Costs (in US$)
Table 16: LED Lights Manufacturing Plant: Costs Related to Other Capital Investments (in US$)
Table 17: LED Lights Manufacturing Plant: Raw Material Requirements and Expenditures (in US$/Year)
Table 18: LED Lights Manufacturing Plant: Outer Packaging Requirements and Expenditure
Table 19: LED Lights Manufacturing Plant: Inner Packaging Requirements and Expenditure
Table 20: LED Lights Manufacturing Plant: Transportation Expenditure (US$/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 US$)
Table 23: LED Lights Manufacturing Plant: Techno-Economic Parameters
Table 24: LED Lights Manufacturing Plant: Income Projections (in US$)
Table 25: LED Lights Manufacturing Plant: Expenditure Projections (in US$)
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

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