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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

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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 />

Browse the complete Report ( Click Here )<br />

<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 />

<strong>India</strong> <strong>LED</strong> <strong>Lighting</strong> <strong>Market</strong> <strong>Outlook</strong>, <strong>2022</strong> Page - 6/8


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