LED lighting is a type of energy-saving illumination produced by diodes that glow with light when electricity flows through them. The lights are long-lasting, small in design, and are designed to cut down costs on electricity and carbon emissions. They are highly used for different indoor and outdoor projects.
According to the research of Univ Datos, the India LED Lighting Market was valued at USD ~4,532.13 million in 2024 and is expected to grow to a strong CAGR of around 14.50% during the forecast period (2025-2033F), owing to the rising smart city projects boosting public infrastructure lighting.
Effort to boost the market
To achieve growth in the LED Lighting Market in India, LED lighting that can be controlled by apps and connected to energy-saving solar power systems is being introduced by many companies in the country.
Several companies, Havells, Wipro, and Signify, among them, are involved in initiatives such as the Street Lighting National Programme (SLNP) and the Smart Cities Mission organised by the government. In addition, manufacturers are increasing production due to increasing commercial installations, aesthetic appeal, and efficient lighting in offices, malls, and institutions, rolling out environmentally friendly items, and using online sales to provide better services to more people.
For instance, on January 29, 2025, Goldmedal Electricals, one of India’s leading Fast Moving Electrical Goods (FMEG) companies, announced the launch of Parkos 01 LED Wall Light, a contemporary up-down wall light designed to elevate both indoor and outdoor aesthetics.
Growth in demand for solar-powered LED lighting
The increasing demand for solar LED lighting is emerging as a key market driver of the Indian LED lighting market. Under increased focus on renewable energy and sustainable infrastructure, solar-integrated LED solutions are being installed in rural regions, highways, and smart city projects.
Reducing grid dependency, low electricity costs, and long-term savings are the benefits of using these systems. Moreover, the rise in the government’s support to farmers and consumers through subsidies and schemes, i.e., PM-KUSUM, is also encouraging for the adoption of solar-powered LED Lighting by municipalities and private users.
On May 16, 2023, Signify, the world leader in lighting, announced the launch of its first-ever ‘Philips Solar Light Hub’ in India, an exclusive retail store aimed to encourage wider use of solar lighting products. With an endeavour to offer customers
an interactive space to explore solar lighting applications and showcase its comprehensive range of products, the store will cater to various user segments, from home and garden to industrial and street lighting applications.
The streetlights market is expected to grow with a significant CAGR
Based on the product type, the market is segmented into LED bulbs, LED tubes, downlights, panel lights, street lights, and others. Among these, the streetlights market is expected to grow with a significant CAGR during the forecast period (2025-2033) due to the fast adoption of government programmes like the Street Lighting National Programme (SLNP), and the demand for LED streetlights has sharply increased.
Adding to this, the rise of these installations by public organisations saves energy and promotes cost efficiency. As India pursues smart city projects, companies discover plenty of business opportunities to supply LED streetlights.
The Street Lighting National Programme (SLNP) is a voluntary programme implemented through Energy Efficiency Services Limited (EESL). Till June 30, 2024, EESL installed 1,31,10,745 LED Street Lights in the country, which has resulted in estimated energy savings of about 8,806 Million Units (MU) per year.
The residential LED lighting market
Based on the application, the market is segmented into residential, commercial, industrial, and outdoor or public infrastructure. Among these, the residential LED lighting market held the dominant share of the market in 2024 – because the increasing awareness among consumers about the importance of saving energy is boosting the uptake of LED lighting at home.
Adding to this, schemes like UJALA have made it possible to sell LED bulbs at discounts in rural and semi-urban parts of the country. Due to higher demand, manufacturers are now expanding their residential products and improving the way goods are distributed.
At the end of January 6, 2025, the UJALA scheme distributed 36.87 crore LED bulbs, making it one of the most widely adopted initiatives in the country. Its implementation across all states has brought about transformative changes, reduced annual household electricity bills, and enabled consumers to save money while improving their quality of life. Transforming the market, so far, the UJALA scheme has generated the sale of 407.92 crore LED bulbs in the Indian market.
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