The pandemic continues to cause unprecedented disruption across industries worldwide.
Get detailed insights regarding the impact of COVID-19 on the market.
The Indian LED lighting market was valued at US$ 2.8 Billion in 2021.
We expect the Indian LED lighting market to exhibit a CAGR of 23.31% during 2022-2027.
The escalating demand for energy-efficient lighting solutions, along with the introduction of cost-
effective smart LED lighting solutions with improved controls, is primarily driving the Indian LED
The sudden outbreak of the COVID-19 pandemic had led to the implementation of stringent
lockdown regulations in India resulting in temporary halt in numerous construction and remodeling
activities, thereby negatively impacting the LED lighting market.
Based on the product type, the Indian LED lighting market has been bifurcated into panel lights,
down lights, street lights, tube lights, bulbs, and others. Currently, panel lights hold the majority of
the total market share.
Based on the application, the Indian LED lighting market can be divided into commercial
applications, residential applications, institutional applications, and industrial applications. Among
these, commercial applications currently represent the largest market share.
Some of the major players in the Indian LED lighting market include Signify NV, Surya, Crompton,
Bajaj, Halonix, Havells, etc.
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