Get more information about the market: https://www.imarcgroup.com/indian-led-lighting-market The Indian LED lighting market was worth US$ 1.5 Billion in 2017. Light-emitting diode (LED) is a semiconductor which produces light when an electric current is passed through it. Also known as solid-state lighting, LED lights have potential benefits over halogen, fluorescent and incandescent lights such as energy-efficiency, longer lifespan and extremely low power consumption. Want more information about this market? Request a free report sample: https://www.imarcgroup.com/indian-led-lighting-market/requestsample For India market research reports, visit: http://www.marketresearchindia.co.in Contact Us IMARC Group James Smith Email: Sales@imarcgroup.com Tel No:(D) +91 120 433 0800 | https://www.imarcgroup.com Americas :- +1 631 791 1145 | Africa and Europe :- +44-702-409-7331 Linkedin: https://www.linkedin.com/company/imarc-group

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Indian LED Lighting Market Report, Industry Trends,
Growth, Share, Size and Outlook By 2023

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3. Report DescriptionReport Description and Highlights
Indian LED Lighting Market Report By Product Type (Panel Lights, Down Lights, Street lights, Tube
Lights, Bulbs and Others), Application (Commercial Applications, Residential Applications,
Institutional Applications and Industrial Applications), Key Players
The Indian LED lighting market has witnessed an exponential growth over the past few years. This can
be accredited to the numerous advantages offered by LED lights along with the wide-scale usage of
these lights in government lighting programs.
Market Overview:
According to the latest report by IMARC Group, titled “Indian LED Lighting Market: Industry Trends,
Share, Size, Growth, Opportunity and Forecast 2018-2023”, the Indian LED lighting market was worth
US$ 1.5 Billion in 2017. Light-emitting diode (LED) is a semiconductor which produces light when an
electric current is passed through it. Also known as solid-state lighting, LED lights have potential
benefits over halogen, fluorescent and incandescent lights such as energy-efficiency, longer lifespan
and extremely low power consumption. Owing to these factors, they are readily replacing traditional
light bulbs in India. Moreover, as LEDs are increasingly being used in automotive headlamps, aviation,
general lighting, advertising, lighted wallpapers, medical devices, camera flashes and traffic signals, the
LED lighting market is expanding in the country. Apart from this, the entry of Chinese LED light
manufacturers in India has encouraged Indian manufacturers to offer innovative products.

4. Report DescriptionReport Description and Highlights
Indian LED Lighting Market Trends:
Numerous advantages offered by LED lights including improved physical robustness, smaller size,
faster switching, high durability, lower heat output, etc. are majorly contributing to the growth of the
LED lighting industry across the region. Further, rising consumer awareness regarding the cost-
effectiveness, enhanced life, better efficiency and inherent eco-friendly nature of LED lights will
continue to drive their sales in the industrial, residential and commercial sectors. Additionally, the
Indian government is promoting LED street lighting projects and providing LED lights at subsidized
rates. For instance, under the Street Lighting National Program (SLNP), over 2.1 million conventional
streetlights have been replaced with LED streetlights across the country. Furthermore, the ‘Make in
India’ initiative launched by the Government has marked electronics as a core sector and focuses on
attracting capital and technological investments in India. Due to these factors, the market is projected
to reach a value of US$ 9.0 Billion by 2023, expanding at a CAGR of 34.3% during 2018-2023.
India LED Lighting Market Segmentation:
Market Segmentation by Product Type
o Panel Lights
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5. Sample Figure: India: LED Lighting Market Forecast: Volume Trends (in
Million Units), 2018-2023
184.3 191.7 199.3 207.3 215.6 224.2
2018 2019 2020 2021 2022 2023
Market Forecast

6. Report DescriptionMarket Segmentation
o Down Lights
o Street lights
o Tube Lights
o Bulbs
o Others
On the basis of product type, bulb and tube lights represent the most popular type of LED lighting
products, holding the largest market share. They are followed by panel lights, street lights, down lights,
flood lights, and others.
Market Segmentation by Application
• Commercial Applications
• Residential Applications
• Institutional Applications
• Industrial Applications
Based on application, commercial applications dominate the Indian LED lighting market, accounting for
one-third of the overall market share. They are followed by residential, institutional and industrial
applications.
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7. Report DescriptionMarket Segmentation
Competitive Landscape:
The competitive landscape of the market has also been examined with some of the key players.
• Philips
• Surya
• Crompton
• Bajaj
• Halonix
• Havells
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11. Report DescriptionReport Description and Highlights
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