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Lighting Market, India, 2026–2031

Publisher Frost & Sullivan
Published Mar 17, 2026
Length 68 Pages
SKU # MC21015174

Description

The Indian lighting market is expanding, driven by urbanization, infrastructure development, and rising demand for energy-efficient lighting solutions. Valued at $3,836.3 million in 2025, the market is forecast to reach $5,126 million by 2031, at a CAGR of 4.9%.

Key drivers include government programs such as the Smart Cities Mission, UJALA, Street Lighting National Programme, and Make in India, which have accelerated the transition from conventional lighting technologies to energy-efficient LED systems.

Emerging trends include the adoption of IoT-enabled lighting systems, while key challenges include counterfeit lighting products, supply chain disruptions, and fluctuating raw material prices. Major companies operating in the market include Signify, Bajaj Electricals, Havells, Syska LED, Crompton Greaves Consumer Electricals, Surya Roshni, Orient Electric, and Wipro Lighting.

The study segments lighting technology into LED and conventional lighting. End-user verticals include commercial, residential, infrastructure, industrial, and data centers.

Table of Contents

68 Pages
    • Scope of Analysis
    • Segmentation
    • Why is it Increasingly Difficult to Grow?
    • The Strategic Imperative 8™
    • The Impact of the Top 3 Strategic Imperatives on the Indian Lighting Industry
    • Value Chain
    • Competitive Environment
    • Key Competitors
    • Growth Metrics
    • Growth Drivers
    • Growth Restraints
    • Forecast Considerations
    • Revenue Forecast
    • Revenue Forecast Analysis
    • Revenue Forecast by Technology
    • Revenue Forecast Analysis by Technology
    • Revenue Forecast by Industry Vertical
    • Revenue Forecast Analysis by Industry Vertical
    • Revenue Share
    • Revenue Share Analysis
    • Growth Metrics
    • Revenue Forecast
    • Revenue Forecast by Technology
    • Forecast Analysis
    • Growth Metrics
    • Revenue Forecast
    • Revenue Forecast by Technology
    • Forecast Analysis
    • Growth Metrics
    • Revenue Forecast
    • Revenue Forecast by Technology
    • Forecast Analysis
    • Growth Metrics
    • Revenue Forecast
    • Revenue Forecast by Technology
    • Forecast Analysis
    • Growth Metrics
    • Revenue Forecast
    • Revenue Forecast by Technology
    • Forecast Analysis
    • Growth Opportunity 1: Smart and Connected Lighting Ecosystems
    • Growth Opportunity 2: Circular Lighting
    • Growth Opportunity 3: Localized Lighting Production and Components
    • Benefits and Impacts of Growth Opportunities
    • Next Steps

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