Indian Led Lighting Market 2025: Size, Share, Industry Outlook, Top Companies And Forecast Report By 2033

(MENAFN- IMARC Group) Market Overview

In 2024, the Indian LED lighting market was valued at approximately USD 5.0 billion , with projections indicating this will swell to USD 26.7 billion by 2033 , achieving a notable CAGR of 19.35% between 2025 and 2033. Growth is being driven by intensified energy-efficiency policies, declining LED prices, urban infrastructure and smart city initiatives, along with widespread adoption of LED distribution programs like UJALA and SLNP.

Key Highlights

• Market Size (2024): USD 5.0 billion
• Forecast (2033): USD 26.7 billion
• CAGR (2025–2033): 19.35%
• Major Growth Contributors:
  • Government-led LED distribution initiatives (e.g., UJALA, SLNP, Smart Cities Mission)
  • Expansion in commercial, residential, and public infrastructure lighting-especially in panel lights and street lighting
  • Declining average selling prices of LEDs improving accessibility
• Key Companies Operating in the Market:
  • Signify NV
  • Surya Roshni Limited
  • Crompton Greaves Consumer Electricals Limited
  • Bajaj Electricals Limited
  • Havells India Limited
  • Halonix Technologies Pvt. Ltd.

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How Is AI Transforming the LED Lighting Market in India?

• Smart Lighting Automation: AI-enhanced lighting systems enable motion-sensing, remote management, and energy optimization.
• Predictive Maintenance: AI algorithms help identify faults or performance degradation in lighting infrastructure proactively, reducing downtime.
• User-tailored Ambient Controls: AI-driven lighting adjusts brightness and color temperature based on user behavior, time of day, or activity.
• Energy-efficiency Analytics: Machine learning tools analyze usage patterns to optimize power consumption in large commercial and industrial installations.

Key Market Trends and Drivers

• National Initiatives & Policies: Government programs-UJALA, SLNP, and Smart Cities Mission-actively support LED adoption and infrastructure upgrades.
• Urban & Infrastructure Development: Rapid urbanization and smart building projects drive demand for LED installations in street lighting, offices, commercial centers, and smart homes.
• Sector-specific Demand: Strong uptake in commercial, industrial, residential, and automotive segments, especially in panel lights, streetlights, and smart luminaires.
• Sustainability & Cost Efficiency: Consumers and organizations gravitate toward energy-saving, long-lasting LED solutions aligned with environmental goals.
• Retrofit & LaaS Adoption: Models like Lighting-as-a-Service (LaaS) facilitate retrofitting old fixtures with LED systems under subscription-based, maintenance-inclusive approaches.

Market Segmentation

By Product Type:

• Panel Lights (largest category)
• Street Lights
• Tube Lights
• Down Lights
• Bulbs
• Others (e.g., floodlights, accent lighting)

By Application:

• Commercial (dominant segment)
• Residential
• Institutional
• Industrial

Regional Insights

• North India : Leads in demand, aided by Smart Cities Mission and real-estate growth across regions including Delhi-NCR and Uttar Pradesh.
• South India : Strong growth in industrial and IT-led cities like Bengaluru, Chennai, and Hyderabad, with significant LED deployment in commercial and street infrastructure.
• West, East, and Central Regions : Growing traction owing to expanding urbanization, infrastructure projects, and increasing smart home adoption.

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Latest Developments in the Industry

• Havells Expands to U.S. Market: Havells India has begun exporting made-in-India luminaires, alongside a ₹1,000 crore investment to boost manufacturing capacities. This advances the Make-in-India and export-led growth agenda.
  
• LED Infrastructure Gains Momentum: Karnataka approved a ₹684 crore plan (August 2024) to convert Bengaluru's 300,000 streetlights to LED-a push aligned with energy transition and smart urban lighting goals.
  
• Smart City Lighting Rollouts: Ongoing deployment of smart and automated LED street lighting systems under the Smart Cities Mission strengthens urban energy efficiency and digital infrastructure integration.

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