India Led Lighting Market Size & Outlook, 2026-2033
Global Report
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India led lighting market highlights
- The India led lighting market generated a revenue of USD 10,077.9 million in 2025 and is expected to reach USD 20,133.7 million by 2033.
- The India market is expected to grow at a CAGR of 9% from 2026 to 2033.
- In terms of segment, lamps was the largest revenue generating product in 2025.
- Lamps is the most lucrative product segment registering the fastest growth during the forecast period.
Led lighting market data book summary
| Market revenue in 2025 | USD 10,077.9 million |
| Market revenue in 2033 | USD 20,133.7 million |
| Growth rate | 9% (CAGR from 2026 to 2033) |
| Largest segment | Lamps |
| Fastest growing segment | Lamps |
| Historical data | 2021 - 2024 |
| Base year | 2025 |
| Forecast period | 2026 - 2033 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Lamps, Luminaires |
| Key market players worldwide | Acuity Brands Inc, Cree Lighting, Dialight PLC, Hubbell Inc, LSI Industries Inc, Panasonic Holdings Corp, Seoul Semiconductor, Signify NV, Siteco, Syska, Zumtobel Group AG ADR |
Other key industry trends
- In terms of revenue, India accounted for 9.4% of the led lighting market in 2025.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2033.
- In Asia Pacific, China led lighting market is projected to lead the regional market in terms of revenue in 2033.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 20,133.7 million by 2033.
The initiatives taken by the government of India have been a major factor driving the growth of the LED lighting market in India. For instance, in April 2021, the government of India approved the Production-Linked Incentive (PLI) scheme for LED lights and air conditioners to boost domestic manufacturing, for which Rupees 6,238 crores (~USD 840 Billion) was sanctioned.
BillionSuch initiatives are expected to help reduce the price of the LED lighting solution, which would increase the adoption of LED lighting as the country has a low GDP per capita of USD 2,388.6 (approximately INR 197,601) in 2022 (according to The World Bank Group.
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Publish Date: Jan 30, 2026
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LED Lighting Market Scope
LED Lighting Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Panasonic Holdings Corp | View profile | 230,025 | 1006, Oaza Kadoma, Kadoma-shi, Osaka, Japan, 571-8501 | holdings.panasonic |
| Acuity Brands Inc | View profile | 12,200 | 1170 Peachtree Street, N.E., Suite 2300, Atlanta, GA, United States, 30309 | www.acuitybrands.com |
| Syska | View profile | 501-1000 | New York, New York, United States, North America | www.syska.com |
| Signify NV | View profile | 31,920 | High Tech Campus 48, Eindhoven, Netherlands, 5656 AE | www.signify.com |
| Hubbell Inc | View profile | 18,400 | 40 Waterview Drive, Shelton, CT, United States, 06484 | www.hubbell.com |
| Zumtobel Group AG ADR | View profile | 5,500 | Hochster Strasse 8, Dornbirn, Austria, A-6850 | z.lighting/en |
| Seoul Semiconductor | View profile | 5001-10000 | Seoul, Seoul-t'ukpyolsi, South Korea, Asia | www.seoulsemicon.com/ |
| Cree Lighting | View profile | 1001-5000 | Racine, Wisconsin, United States, North America | www.creelighting.com/company |
| Siteco | View profile | 1001-5000 | Traunreut, Bayern, Germany, Europe | www.siteco.com/ |
| Dialight PLC | View profile | 1,970 | 25 Old Broad Street, Leaf C, Level 36, Tower 42, London, United Kingdom, EC2N 1HQ | www.dialight.com |
India LED Lighting Market Outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to LED Lighting Market Outlook will help companies and investors design strategic landscapes.
Lamps was the largest segment with a revenue share of 59.06% in 2025.
Horizon Databook has segmented the India led lighting market based on lamps, luminaires covering the revenue growth of each sub-segment from 2021 to 2033.
The initiatives taken by the government of India have been a major factor driving the growth of the LED lighting market in India. For instance, in April 2021, the government of India approved the Production-Linked Incentive (PLI) scheme for LED lights and air conditioners to boost domestic manufacturing, for which Rupees 6,238 crores (~USD 840 Billion) was sanctioned.
BillionSuch initiatives are expected to help reduce the price of the LED lighting solution, which would increase the adoption of LED lighting as the country has a low GDP per capita of USD 2,388.6 (approximately INR 197,601) in 2022 (according to The World Bank Group.
- India Led Lighting Market Product Outlook (Revenue, USD Million , 2021-2033)
- Lamps
- Luminaires
- India Led Lighting Market Installation type Outlook (Revenue, USD Million , 2021-2033)
- New
- Retrofit
- India Led Lighting Market Application Outlook (Revenue, USD Million , 2021-2033)
- Indoor
- Outdoor
- India Led Lighting Market End Use Outlook (Revenue, USD Million , 2021-2033)
- Commercial
- Residential
- Industrial
- Others
- India Led Lighting Market Sales Channel Outlook (Revenue, USD Million , 2021-2033)
- Online
- Offline
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Horizon Databook provides a detailed overview of country-level data and insights on the India LED Lighting Market Outlook, including forecasts for subscribers. This country databook contains high-level insights into India LED Lighting Market Outlook from 2021 to 2033, including revenue numbers, major trends, and company profiles.
India Led Lighting Market, 2021-2033 (US$M)
India led lighting market statistics, by product, 2021-2033 (US$M)
