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India Outdoor LED Lighting Market Size

The India Outdoor LED Lighting Market is anticipated to experience growth over the forecast period, driven by the expansion of the road network and infrastructure development. Streets and roadways are expected to dominate the market share, with significant contributions from public places. The government's investment in road construction and smart street lighting initiatives is pivotal in enhancing connectivity and reducing energy consumption, thereby boosting the demand for LED lighting solutions across the country.

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Market Size of india outdoor led lighting Industry

India Outdoor LED Lighting Market Summary
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svg icon Study Period 2017 - 2030
svg icon Market Size (2024) USD 1.08 Billion
svg icon Market Size (2030) USD 1.34 Billion
svg icon Largest Share by Outdoor Lighting Streets and Roadways
svg icon CAGR (2024 - 2030) 3.72 %
svg icon Fastest Growing by Outdoor Lighting Public Places
svg icon Market Concentration Low

Major Players
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*Disclaimer: Major Players sorted in no particular order

Key Players

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India Outdoor LED Lighting Market Analysis

The India Outdoor LED Lighting Market size is estimated at 1.08 billion USD in 2024, and is expected to reach 1.34 billion USD by 2030, growing at a CAGR of 3.72% during the forecast period (2024-2030).

1.08 Billion

Market Size in 2024 (USD)

1.34 Billion

Market Size in 2030 (USD)

0.06 %

CAGR (2017-2023)

3.72 %

CAGR (2024-2030)

Largest Segment by Outdoor Lighting

74.79 %

value share, Streets and Roadways, 2023

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India's National Highway (NH) network expanded from 91,000 km in 2014 to around 140,000 km in April 2022.

Fastest-growing Segment by Outdoor Lighting

6.87 %

Projected CAGR, Public Places, 2024-2030

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The urbanization and development of 2-tier and 3-tier cities is causing a complete revolution in India. This is leading to rapid development in public places.

First Leading Market Player

9.03 %

market share, Havells India Ltd., 2022

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The company has 14 highly automated production facilities in India which have been certified with ISO 9001, 14001, 4500 and 50001, as well as international product certification from Kema IEC, CBIEC, ESMA, Soncap, CSA SIRIM.

Second Leading Market Player

4.73 %

market share, Surya Roshni Limited, 2022

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Surya Roshni Limited has manufacturing facilities at Kashipur (Uttarakhand) and Malanpur (Madhya Pradesh). It also has R&D Centre, the Surya Technology & Innovation Centre (STIC) at Noida.

Third Leading Market Player

3.77 %

market share, Crompton Greaves Consumer Electricals Limited, 2022

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Crompton Greaves Consumer Electricals Limited holds the second-largest market share in India. It has implemented LED outdoor lighting products on national highways and roads throughout the country, operating in harsh conditions.

The development of roadways and streetways for the economic growth of the country leads to an increase in sales of LED lights

  • It is projected that streets and roadways will account for the majority of the value share in 2023, followed by public places and others. India boasts the second-largest road network globally, with a total length of 6.4 million kilometers comprising national, state, urban, and rural roads. Investing in the road sector and infrastructure is crucial to ensure connectivity to the last mile. Every year, highways transport around 85% of passenger and 70% of freight traffic. Shorter trips are better suited to road traffic, making the growth of roadways imperative for the country. In terms of volume share, streets and roadways accounted for the majority share in 2022, followed by public places and others.
  • The government plans to spend INR 5.35 billion (USD 741.51 billion) to construct 65,000 kilometers of national highways by 2022. Andhra Pradesh will build 8,970 kilometers of roads for USD 296.05 million. To improve street lighting and reduce energy consumption, the Kolkata Municipal Lighting Department installed 75,000 LED lights in key areas of the Tollygunge Jadavpur street network to replace conventional sodium lamps. Therefore, the road network's overall growth due to the increasing use of LED lighting on roads will increase the demand for LED lighting in the country.
  • Smart street lighting is considered an ideal starting point to enable energy savings and operational cost savings. For instance, in July 2020, the Government of Jammu and Kashmir (India) led an effort to install LED street lighting in Srinagar as part of its smart city mission.
India Outdoor LED Lighting Market

India Outdoor LED Lighting Industry Segmentation

Public Places, Streets and Roadways, Others are covered as segments by Outdoor Lighting.

  • It is projected that streets and roadways will account for the majority of the value share in 2023, followed by public places and others. India boasts the second-largest road network globally, with a total length of 6.4 million kilometers comprising national, state, urban, and rural roads. Investing in the road sector and infrastructure is crucial to ensure connectivity to the last mile. Every year, highways transport around 85% of passenger and 70% of freight traffic. Shorter trips are better suited to road traffic, making the growth of roadways imperative for the country. In terms of volume share, streets and roadways accounted for the majority share in 2022, followed by public places and others.
  • The government plans to spend INR 5.35 billion (USD 741.51 billion) to construct 65,000 kilometers of national highways by 2022. Andhra Pradesh will build 8,970 kilometers of roads for USD 296.05 million. To improve street lighting and reduce energy consumption, the Kolkata Municipal Lighting Department installed 75,000 LED lights in key areas of the Tollygunge Jadavpur street network to replace conventional sodium lamps. Therefore, the road network's overall growth due to the increasing use of LED lighting on roads will increase the demand for LED lighting in the country.
  • Smart street lighting is considered an ideal starting point to enable energy savings and operational cost savings. For instance, in July 2020, the Government of Jammu and Kashmir (India) led an effort to install LED street lighting in Srinagar as part of its smart city mission.
Outdoor Lighting
Public Places
Streets and Roadways
Others
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India Outdoor LED Lighting Market Size Summary

The India Outdoor LED Lighting Market is poised for significant growth, driven by the expansion of the country's extensive road network and the increasing demand for energy-efficient lighting solutions. With India possessing the second-largest road network globally, the need for enhanced street and roadway lighting is paramount. This demand is further bolstered by government initiatives to improve infrastructure and connectivity, which include substantial investments in national highways and smart city projects. The transition from conventional lighting to LED solutions is not only aimed at reducing energy consumption but also at improving safety and operational efficiency. The sports sector also plays a crucial role in this market's expansion, with the installation of LED floodlights in stadiums to enhance visibility during events. The hosting of international sporting events and the renovation of stadiums are expected to further drive the demand for LED lighting.

In addition to infrastructure and sports, the residential and commercial sectors are contributing to the market's growth. The Pradhan Mantri Awas Yojana scheme and the rise in urban housing units necessitate greater energy efficiency, propelling the demand for LED lighting. The automotive industry's expansion, with a growing number of vehicles on the road, also underscores the need for reliable and energy-efficient car lighting solutions. The market is characterized by fragmentation, with key players like Bajaj Electrical Ltd, Crompton Greaves Consumer Electricals Limited, Havells India Ltd., Signify Holding (Philips), and Surya Roshni Limited leading the charge. These companies are actively launching innovative lighting solutions to cater to the evolving needs of the Indian market, further solidifying the market's growth trajectory.

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India Outdoor LED Lighting Market Size - Table of Contents

  1. 1. MARKET SEGMENTATION (includes market size in Value in USD and Volume, Forecasts up to 2030 and analysis of growth prospects)

    1. 1.1 Outdoor Lighting

      1. 1.1.1 Public Places

      2. 1.1.2 Streets and Roadways

      3. 1.1.3 Others

India Outdoor LED Lighting Market Size FAQs

The India Outdoor LED Lighting Market size is expected to reach USD 1.08 billion in 2024 and grow at a CAGR of 3.72% to reach USD 1.34 billion by 2030.

In 2024, the India Outdoor LED Lighting Market size is expected to reach USD 1.08 billion.

India Outdoor LED Market Report Snapshots

India Outdoor LED Lighting Market SIZE & SHARE ANALYSIS - GROWTH TRENDS & FORECASTS UP TO 2030

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