India Led Lighting Market Size & Outlook, 2025-2030
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India led lighting market highlights
- The India led lighting market generated a revenue of USD 8,199.4 million in 2024 and is expected to reach USD 13,575.6 million by 2030.
- The India market is expected to grow at a CAGR of 9.3% from 2025 to 2030.
- In terms of segment, lamps was the largest revenue generating product in 2024.
- Lamps is the most lucrative product segment registering the fastest growth during the forecast period.
Led lighting market data book summary
| Market revenue in 2024 | USD 8,199.4 million |
| Market revenue in 2030 | USD 13,575.6 million |
| Growth rate | 9.3% (CAGR from 2025 to 2030) |
| Largest segment | Lamps |
| Fastest growing segment | Lamps |
| Historical data | 2018 - 2023 |
| Base year | 2024 |
| Forecast period | 2025 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Lamps, Luminaires |
| Key market players worldwide | Acuity Brands Inc, Cree Lighting, Dialight PLC, Hubbell Inc, LSI Industries Inc, Panasonic Holdings Corp, Seoul Semiconductor, Signify NV, Siteco, Syska, Zumtobel Group AG ADR |
Other key industry trends
- In terms of revenue, India accounted for 9.3% of the global led lighting market in 2024.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China led lighting market is projected to lead the regional market in terms of revenue in 2030.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 13,575.6 million by 2030.
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LED Lighting Market Scope
LED Lighting Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| LSI Industries Inc | View profile | 1540 | 10000 Alliance Road, Cincinnati, OH, United States, 45242 | https://www.lsicorp.com |
| Dialight PLC | View profile | 1970 | 25 Old Broad Street, Leaf C, Level 36, Tower 42, London, United Kingdom, EC2N 1HQ | https://www.dialight.com |
| Siteco | View profile | 1001-5000 | Traunreut, Bayern, Germany, Europe | https://www.siteco.com/ |
| Cree Lighting | View profile | 1001-5000 | Racine, Wisconsin, United States, North America | https://www.creelighting.com/company |
| Seoul Semiconductor | View profile | 5001-10000 | Seoul, Seoul-t'ukpyolsi, South Korea, Asia | http://www.seoulsemicon.com/ |
| Zumtobel Group AG ADR | View profile | 5500 | Hochster Strasse 8, Dornbirn, Austria, A-6850 | https://z.lighting/en |
| Hubbell Inc | View profile | 18400 | 40 Waterview Drive, Shelton, CT, United States, 06484 | https://www.hubbell.com |
| Signify NV | View profile | 31920 | High Tech Campus 48, Eindhoven, Netherlands, 5656 AE | https://www.signify.com |
| Syska | View profile | 501-1000 | New York, New York, United States, North America | http://www.syska.com |
| Acuity Brands Inc | View profile | 12200 | 1170 Peachtree Street, N.E., Suite 2300, Atlanta, GA, United States, 30309 | https://www.acuitybrands.com |
| Panasonic Holdings Corp | View profile | 230025 | 1006, Oaza Kadoma, Kadoma-shi, Osaka, Japan, 571-8501 | https://holdings.panasonic |
India led lighting market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to led lighting market will help companies and investors design strategic landscapes.
Lamps was the largest segment with a revenue share of 56.44% in 2024. Horizon Databook has segmented the India led lighting market based on lamps, luminaires covering the revenue growth of each sub-segment from 2018 to 2030.
The initiatives taken by the government of India have been a major factor driving the growth of the LED lighting market in India. For instance, in April 2021, the government of India approved the Production-Linked Incentive (PLI) scheme for LED lights and air conditioners to boost domestic manufacturing, for which Rupees 6,238 crores (~USD 840 Billion) was sanctioned.
BillionSuch initiatives are expected to help reduce the price of the LED lighting solution, which would increase the adoption of LED lighting as the country has a low GDP per capita of USD 2,388.6 (approximately INR 197,601) in 2022 (according to The World Bank Group.
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Our clientele includes a mix of led lighting market companies, investment firms, advisory firms & academic institutions.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of country-level data and insights on the India led lighting market , including forecasts for subscribers. This country databook contains high-level insights into India led lighting market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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India led lighting market size, by product, 2018-2030 (US$M)
India LED Lighting Market Outlook Share, 2024 & 2030 (US$M)
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