Market Size of india outdoor led lighting Industry
| Icons | Lable | Value |
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Study Period | 2017 - 2030 |
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Market Size (2024) | USD 1.08 Billion |
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Market Size (2030) | USD 1.34 Billion |
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Largest Share by Outdoor Lighting | Streets and Roadways |
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CAGR (2024 - 2030) | 3.72 % |
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Fastest Growing by Outdoor Lighting | Public Places |
Major Players |
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*Disclaimer: Major Players sorted in no particular order |
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
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
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
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
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
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.
Understand The Key Trends Shaping This Market
