India LED Lighting Market Outlook, 2022
UJALA - A REVOLUTIONARY GOVERNMENT SCHEME, THAT IS LEADING THE INDIAN LED LIGHTING MARKET ON A SHEER GROWTH PATH: BONAFIDE RESEARCH
UJALA - A REVOLUTIONARY GOVERNMENT SCHEME, THAT IS LEADING THE INDIAN LED LIGHTING MARKET ON A SHEER GROWTH PATH: BONAFIDE RESEARCH
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<strong>India</strong> <strong>LED</strong> <strong>Lighting</strong> <strong>Market</strong> <strong>Outlook</strong>, <strong>2022</strong> Page - 1/8
Publisher Bonafide Research Type <strong>Market</strong> Research Report<br />
Product Code 170630051 Region Asia<br />
Pages 112 Country <strong>India</strong><br />
Published Date 7 Category Energy & Utility<br />
Figures Bonafide Research Sub-Category <strong>Lighting</strong> & Luminaires<br />
Tables Bonafide Research Version 2<br />
DESCRIPTION OF THE REPORT:<br />
.<br />
<strong>India</strong> <strong>LED</strong> lighting market in precedent years has been witnessing tremendous growth in terms of<br />
value as well as volume. The governance of market is maintained by the exhaustive efforts being done<br />
by the government through various schemes such as UJALA and SLNP as well as the efforts by the<br />
major players in terms of bringing awareness in <strong>India</strong>. <strong>India</strong> is a market of huge opportunity and it will<br />
continue to grow at a healthy rate in the next few years to come. The major chunk i.e. more than 70% of<br />
the <strong>India</strong>n <strong>Lighting</strong> market is being occupied by the CFL and Incandescent lights, which makes a broad<br />
market for the <strong>LED</strong>s to capture. This provides a huge opportunity to the marketers; because of which<br />
many players are foraying into the industry. <strong>India</strong> <strong>LED</strong> lighting market has a positive outlook also due to<br />
phenomenal growth in the overall lighting industry, rising per capita income, increasing awareness of<br />
<strong>LED</strong> lights being environment friendly and newer architectural designs of houses.<br />
According to “<strong>India</strong> <strong>LED</strong> <strong>Lighting</strong> <strong>Market</strong> <strong>Outlook</strong>, <strong>2022</strong>" the lighting market has seen positive trends<br />
in the past years and so did the <strong>LED</strong> lighting market. The <strong>LED</strong> lighting industry which was struggling in<br />
the initial years to get a market has now finally seen a tremendous rise with a CAGR of more than 40%<br />
over last six years. <strong>LED</strong> lighting market has literally increased in a very steep manner and the major<br />
factor behind this was the government’s initiatives of providing 9W <strong>LED</strong> bulbs at a cheaper rate than the<br />
market as well as the program for replacing the traditional street lights with <strong>LED</strong> street lights. Other<br />
factors which have made this significant impact are the advertisements for increasing the awareness of<br />
<strong>LED</strong> lights amongst the people as well as the new architectural designs which has boosted up the<br />
growth of <strong>LED</strong> Panels and Downlights.<br />
Philips <strong>India</strong> and Surya Roshni have been emerged as the big players in the <strong>LED</strong> lighting market<br />
while Havells, Bajaj and Syska are also significant players in the organized market. Another catchy<br />
factor in the <strong>LED</strong> market is the presence as well as acceptance of products of the unorganized/ local<br />
players which makes it a lucrative space for the budding enterprises. The wind of the transition from the<br />
CFL and incandescent bulbs to <strong>LED</strong> lights is gaining pace with major population replacing the old lights<br />
with <strong>LED</strong> lights. Use of solar <strong>LED</strong> lights is also gaining momentum in the rural areas of <strong>India</strong>.<br />
Government is yet to distribute more than 50 crore <strong>LED</strong> light bulbs under UJALA scheme. With a wider<br />
market to be penetrated as well as the re-purchasing demand, the <strong>LED</strong> lighting market in <strong>India</strong> is<br />
expected to perform very well in the coming five years.<br />
Key Type<br />
• <strong>LED</strong> Street Lights<br />
• <strong>LED</strong> Bulbs & Lamps<br />
• <strong>LED</strong> Luminaires<br />
• <strong>LED</strong> Downlights<br />
“<strong>India</strong> <strong>LED</strong> <strong>Lighting</strong> <strong>Market</strong> <strong>Outlook</strong>, <strong>2022</strong>” discusses the following aspects of <strong>LED</strong> lighting in <strong>India</strong>:<br />
The report gives an in-depth understanding of <strong>LED</strong> lighting market in <strong>India</strong>:<br />
- Global <strong>LED</strong> <strong>Lighting</strong> <strong>Market</strong> <strong>Outlook</strong><br />
- <strong>India</strong> <strong>Lighting</strong> <strong>Market</strong> <strong>Outlook</strong><br />
- <strong>India</strong> <strong>Lighting</strong> <strong>Market</strong> Size By Value & Forecast<br />
- <strong>India</strong> <strong>Lighting</strong> <strong>Market</strong> Segmental Analysis: By Company, By Segment<br />
<strong>India</strong> <strong>LED</strong> <strong>Lighting</strong> <strong>Market</strong> <strong>Outlook</strong>, <strong>2022</strong> Page - 2/8
- <strong>India</strong> Lamp <strong>Market</strong> Size By Value & Forecast<br />
- <strong>India</strong> Lamp <strong>Market</strong> Size By Volume & Forecast<br />
- <strong>India</strong> Incandescent Lamp <strong>Market</strong> Size By Volume & Forecast<br />
- <strong>India</strong> Compact Fluorescent Lamp <strong>Market</strong> Size By Volume & Forecast<br />
- <strong>India</strong> Fluorescent Tube Lamp <strong>Market</strong> Size By Volume & Forecast<br />
- <strong>India</strong> Other Lamps <strong>Market</strong> Size By Volume & Forecast<br />
- <strong>India</strong> Lamp <strong>Market</strong> Segmental Analysis: By Technology<br />
- <strong>India</strong> Luminaires <strong>Market</strong> Size By Value & Forecast<br />
- <strong>India</strong> Accessories, Components and Control Gears <strong>Market</strong> Size By Value & Forecast<br />
- <strong>India</strong> <strong>LED</strong> <strong>Lighting</strong> <strong>Market</strong> <strong>Outlook</strong><br />
- <strong>India</strong> <strong>LED</strong> <strong>Lighting</strong> <strong>Market</strong> Size By Value & Forecast<br />
- <strong>India</strong> <strong>LED</strong> <strong>Lighting</strong> <strong>Market</strong> Size By Volume & Forecast<br />
- <strong>India</strong> <strong>LED</strong> <strong>Lighting</strong> <strong>Market</strong> Segmental Analysis: By Company, By Region, By Product Type, By End<br />
User/Application<br />
- <strong>India</strong> <strong>LED</strong> Street Light <strong>Market</strong> Size By Value & Forecast<br />
- <strong>India</strong> <strong>LED</strong> Street Light <strong>Market</strong> Size By Volume & Forecast<br />
- <strong>India</strong> <strong>LED</strong> Bulb & Lamp <strong>Market</strong> Size By Value & Forecast<br />
- <strong>India</strong> <strong>LED</strong> Bulb & Lamp <strong>Market</strong> Size By Volume & Forecast<br />
- <strong>India</strong> <strong>LED</strong> Downlights <strong>Market</strong> Size By Value & Forecast<br />
- <strong>India</strong> <strong>LED</strong> Downlights <strong>Market</strong> Size By Volume & Forecast<br />
- <strong>India</strong> <strong>LED</strong> Luminaries <strong>Market</strong> Size By Value & Forecast<br />
- <strong>India</strong> <strong>LED</strong> Luminaries <strong>Market</strong> Size By Volume & Forecast<br />
- Product Price & Variant Analysis<br />
- Dealer Distributor Analysis<br />
- Impact of <strong>India</strong>n Government's UJALA Scheme<br />
- The key vendors in this market space<br />
- Competitive Landscape & Strategic Recommendations<br />
This report can be useful to Industry consultants, manufacturers and other stakeholders to align their<br />
market-centric strategies. In addition to marketing & presentations, it will also increase competitive<br />
knowledge about the industry.<br />
Report Methodology<br />
The information contained in this report is based upon both primary and secondary research. Primary<br />
research included interviews with various channel partners of lighting and <strong>LED</strong> lights in <strong>India</strong>. Secondary<br />
research included an exhaustive search of relevant publications like company annual reports, financial<br />
reports and proprietary databases.<br />
Press Release ( Click Here )<br />
<strong>India</strong> <strong>LED</strong> <strong>Lighting</strong> <strong>Market</strong> <strong>Outlook</strong>, <strong>2022</strong> Page - 3/8
TABLE OF CONTENTS<br />
.<br />
1. Executive Summary<br />
2. Global <strong>LED</strong> <strong>Lighting</strong> <strong>Market</strong> <strong>Outlook</strong><br />
3. <strong>India</strong> <strong>Lighting</strong> <strong>Market</strong> <strong>Outlook</strong><br />
3.1. <strong>Market</strong> Size By Value<br />
3.2. <strong>Market</strong> Share<br />
3.2.1. By Company<br />
3.2.2. By Segment<br />
3.3. <strong>India</strong> Lamps <strong>Market</strong> <strong>Outlook</strong><br />
3.3.1. <strong>Market</strong> Size By Value<br />
3.3.2. <strong>Market</strong> Size By Volume<br />
3.3.2.1. Overall Lamp <strong>Market</strong><br />
3.3.2.2. Incandescent Lamp <strong>Market</strong><br />
3.3.2.3. Compact Fluorescent Lamp <strong>Market</strong><br />
3.3.2.4. Fluorescent Tube Lamp <strong>Market</strong><br />
3.3.2.5. Other Lamps <strong>Market</strong><br />
3.3.3. <strong>Market</strong> Share By Technology<br />
3.4. <strong>India</strong> Luminaires <strong>Market</strong> <strong>Outlook</strong><br />
3.5. <strong>India</strong> Accessories, Components and Control Gears <strong>Market</strong> <strong>Outlook</strong><br />
4. <strong>India</strong>n <strong>LED</strong> <strong>Lighting</strong> <strong>Market</strong> <strong>Outlook</strong><br />
4.1. <strong>Market</strong> Size By Value<br />
4.2. <strong>Market</strong> Size By Volume<br />
4.3. <strong>Market</strong> Share<br />
4.3.1. By Company<br />
4.3.2. By Region<br />
4.3.3. By Product Type<br />
4.3.4. By End User/Application<br />
4.4. <strong>India</strong> <strong>LED</strong> Street Light <strong>Market</strong> <strong>Outlook</strong><br />
4.4.1. <strong>Market</strong> Size By Value<br />
4.4.2. <strong>Market</strong> Size By Volume<br />
4.5. <strong>India</strong> <strong>LED</strong> Bulb & Lamp <strong>Market</strong> <strong>Outlook</strong><br />
4.5.1. <strong>Market</strong> Size By Value<br />
4.5.2. <strong>Market</strong> Size By Volume<br />
4.6. <strong>India</strong> <strong>LED</strong> Downlights <strong>Market</strong> <strong>Outlook</strong><br />
4.6.1. <strong>Market</strong> Size By Value<br />
4.6.2. <strong>Market</strong> Size By Volume<br />
4.7. <strong>India</strong> <strong>LED</strong> Luminaires <strong>Market</strong> <strong>Outlook</strong><br />
4.7.1. <strong>Market</strong> Size By Value<br />
4.7.2. <strong>Market</strong> Size By Volume<br />
4.8. Product Price & Variant Analysis<br />
5. Dealer – Distributor Analysis<br />
6. Impact of <strong>India</strong>n Government's UJALA Scheme<br />
6.1. <strong>India</strong>n Scenario Before UJALA<br />
6.2. <strong>India</strong>n Scenario After UJALA<br />
7. <strong>India</strong>n Economic Snapshot<br />
8. Policy & Regulatory Landscape<br />
9. PEST Analysis<br />
10. <strong>India</strong> <strong>LED</strong> <strong>Lighting</strong> <strong>Market</strong> Dynamics<br />
10.1. Key Drivers<br />
10.2. Key Challenges<br />
11. Chanel Partner Analysis<br />
<strong>India</strong> <strong>LED</strong> <strong>Lighting</strong> <strong>Market</strong> <strong>Outlook</strong>, <strong>2022</strong> Page - 4/8
12. <strong>Market</strong> Trends and Development<br />
12.1. Transition from CFL to <strong>LED</strong><br />
12.2. Declining Prices of <strong>LED</strong> Lights<br />
12.3. Increasing Outdoor Application<br />
12.4. Rising Demand of Panel Lights<br />
12.5. Dimmable, Smart Lights & Solar Lights<br />
12.6. Television and Mobile Backlights<br />
13. Competitive Landscape<br />
13.1. Porter’s Five Forces<br />
13.2. Company Profiles<br />
13.2.1. Philips <strong>Lighting</strong> <strong>India</strong> Limited<br />
13.2.2. Havells <strong>India</strong> Limited<br />
13.2.3. Surya Roshni Limited<br />
13.2.4. Bajaj Electricals Limited<br />
13.2.5. Syska <strong>LED</strong> Lights Private Limited<br />
13.2.6. Crompton Greaves Consumer Electricals Limited<br />
13.2.7. Osram <strong>Lighting</strong> Private Limited<br />
13.2.8. Wipro Enterprises Private Limited<br />
13.2.9. Eveready Industries <strong>India</strong> Limited<br />
13.2.10. Moser Baer <strong>India</strong> Limited<br />
14. Strategic Recommendations<br />
15. Disclaimer<br />
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<strong>India</strong> <strong>LED</strong> <strong>Lighting</strong> <strong>Market</strong> <strong>Outlook</strong>, <strong>2022</strong> Page - 5/8
LIST OF FIGURES<br />
Figure-1: <strong>India</strong> <strong>Lighting</strong> <strong>Market</strong> Size – By Value 2010 -2016 (INR Crore)<br />
Figure-2: <strong>India</strong> <strong>Lighting</strong> <strong>Market</strong> Size Forecast – By Value 2017F-<strong>2022</strong>F (INR Crore)<br />
Figure-3: <strong>India</strong> <strong>Lighting</strong> <strong>Market</strong> Share – By Company 2016<br />
Figure-4: <strong>India</strong> <strong>Lighting</strong> <strong>Market</strong> Share – By Segment 2016<br />
Figure-5: <strong>India</strong> <strong>Lighting</strong> <strong>Market</strong> Share – By Segment <strong>2022</strong>F<br />
Figure-6: <strong>India</strong> Lamps <strong>Market</strong> Size – By Value 2010-2016 (INR Crore)<br />
Figure-7: <strong>India</strong> Lamps <strong>Market</strong> Size Forecast – By Value 2017F-<strong>2022</strong>F (INR Crore)<br />
Figure-8: <strong>India</strong> Lamps <strong>Market</strong> Size – By Volume 2010-2016 (Million Units)<br />
Figure-9: <strong>India</strong> Lamps <strong>Market</strong> Size Forecast – By Volume 2017F-<strong>2022</strong>F (Million Units)<br />
Figure-10: <strong>India</strong> Incandescent Lamp <strong>Market</strong> Size – By Volume 2010-2016 (Million Units)<br />
Figure-11: <strong>India</strong> Incandescent Lamp <strong>Market</strong> Size Forecast – By Volume 2017F-2021F (Million Units)<br />
Figure-12: <strong>India</strong> Compact Fluorescent Lamp <strong>Market</strong> Size – By Volume 2010-2016 (Million Units)<br />
Figure-13: <strong>India</strong> Compact Fluorescent Lamp <strong>Market</strong> Size Forecast – By Volume 2017F-<strong>2022</strong>F (Million Units)<br />
Figure-14: <strong>India</strong> Fluorescent Tube Lamp <strong>Market</strong> Size – By Volume 2010-2016 (Million Units)<br />
Figure-15: <strong>India</strong> Fluorescent Tube Lamp <strong>Market</strong> Size Forecast – By Volume 2017F-<strong>2022</strong>F (Million Units)<br />
Figure-16: <strong>India</strong> Other Lamp <strong>Market</strong> Size – By Volume 2010-2016 (Million Units)<br />
Figure-17: <strong>India</strong> Other Lamp <strong>Market</strong> Size Forecast – By Volume 2017F-<strong>2022</strong>F (Million Units)<br />
Figure-18: <strong>India</strong> Lamp <strong>Market</strong> Share – By Technology 2016 & <strong>2022</strong>F<br />
Figure-19: <strong>India</strong> Luminaires <strong>Market</strong> Size – By Value 2010-2016 (INR Crore)<br />
Figure-20: <strong>India</strong> Luminaires <strong>Market</strong> Size Forecast – By Value 2017F-<strong>2022</strong>F (INR Crore)<br />
Figure-21: <strong>India</strong> Accessories, Components and Control Gears <strong>Market</strong> Size – By Value 2010-2016 (INR Crore)<br />
Figure-22: <strong>India</strong> Accessories, Components and Control Gears <strong>Market</strong> Size Forecast – By Value 2017F-<strong>2022</strong>F<br />
(INR Crore)<br />
Figure-23: <strong>India</strong> <strong>LED</strong> <strong>Lighting</strong> <strong>Market</strong> Size – By Value 2010-2016 (INR Crore)<br />
Figure-24: <strong>India</strong> <strong>LED</strong> <strong>Lighting</strong> <strong>Market</strong> Size Forecast – By Value 2017F-<strong>2022</strong>F (INR Crore)<br />
Figure-25: <strong>India</strong> <strong>LED</strong> <strong>Lighting</strong> <strong>Market</strong> Size – By Volume 2010-2016 (Crore Units)<br />
Figure-26: <strong>India</strong> <strong>LED</strong> <strong>Lighting</strong> <strong>Market</strong> Size Forecast –By Volume 2017F-<strong>2022</strong>F (Crore Units)<br />
Figure-27: <strong>India</strong> <strong>LED</strong> <strong>Lighting</strong> <strong>Market</strong> Share – By Company By Value 2016<br />
Figure-28: <strong>India</strong> <strong>LED</strong> <strong>Lighting</strong> <strong>Market</strong> Share – By Region By Volume 2016<br />
Figure-29: <strong>India</strong> <strong>LED</strong> <strong>Lighting</strong> <strong>Market</strong> Share – By Product Type By Value 2016 & <strong>2022</strong>F<br />
Figure-30: <strong>India</strong> <strong>LED</strong> <strong>Lighting</strong> <strong>Market</strong> Share – By Product Type By Volume 2016 & <strong>2022</strong>F<br />
Figure-31: <strong>India</strong> <strong>LED</strong> <strong>Lighting</strong> <strong>Market</strong> Share – By End User By Volume 2016<br />
Figure-32: <strong>India</strong> <strong>LED</strong> Street Light <strong>Market</strong> Size – By Value 2010-2016 (INR Crore)<br />
Figure-33: <strong>India</strong> <strong>LED</strong> Street Light <strong>Market</strong> Size Forecast – By Value 2017F-<strong>2022</strong>F (INR Crore)<br />
Figure-34: <strong>India</strong> <strong>LED</strong> Street Light <strong>Market</strong> Size – By Volume 2010-2016 (Crore Units)<br />
Figure-35: <strong>India</strong> <strong>LED</strong> Street Light <strong>Market</strong> Size Forecast – By Volume 2017F-<strong>2022</strong>F (Crore Units)<br />
Figure-36: <strong>India</strong> <strong>LED</strong> Bulb & Lamp <strong>Market</strong> Size – By Value 2010-2016 (INR Crore)<br />
Figure-37: <strong>India</strong> <strong>LED</strong> Bulb & Lamp <strong>Market</strong> Size Forecast – By Value 2017F-<strong>2022</strong>F (INR Crore)<br />
Figure-38: <strong>India</strong> <strong>LED</strong> Bulb & Lamp <strong>Market</strong> Size – By Volume 2010-2016 (Crore Units)<br />
Figure-39: <strong>India</strong> <strong>LED</strong> Bulb & Lamp <strong>Market</strong> Size Forecast – By Volume 2017F-<strong>2022</strong>F (Crore Units)<br />
Figure-40: <strong>India</strong> <strong>LED</strong> Downlights <strong>Market</strong> Size – By Value 2010-2016 (INR Crore)<br />
Figure-41: <strong>India</strong> <strong>LED</strong> Downlights <strong>Market</strong> Size Forecast – By Value 2017F-<strong>2022</strong>F (INR Crore)<br />
Figure-42: <strong>India</strong> <strong>LED</strong> Downlights <strong>Market</strong> Size – By Volume 2010-2016 (Crore Units)<br />
Figure-43: <strong>India</strong> <strong>LED</strong> Downlights <strong>Market</strong> Size Forecast – By Volume 2017F-<strong>2022</strong>F (Crore Units)<br />
Figure-44: <strong>India</strong> <strong>LED</strong> Luminaires <strong>Market</strong> Size – By Value 2010-2016 (INR Crore)<br />
Figure-45: <strong>India</strong> <strong>LED</strong> Luminaires <strong>Market</strong> Size Forecast – By Value 2017F-<strong>2022</strong>F (INR Crore)<br />
Figure-46: <strong>India</strong> <strong>LED</strong> Luminaires <strong>Market</strong> Size – By Volume 2010-2016 (Crore Units)<br />
Figure-47: <strong>India</strong> <strong>LED</strong> Luminaires <strong>Market</strong> Size Forecast – By Volume 2017F-<strong>2022</strong>F (Crore Units)<br />
Figure-48: Daily Variation in the Sales of UJAL Bulbs for the Month of 'May – 2017'<br />
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