Report Overview:
The Indian White LEDs for Lighting Applications market is experiencing strong growth, driven by government initiatives promoting energy efficiency, decreasing LED prices, and increasing awareness of the longterm cost benefits of LED lighting. Key players include domestic manufacturers like Wipro Lighting and Havells, alongside global brands such as Philips and Osram. The market benefits from India's push for smart cities and the ongoing replacement of traditional lighting systems.
In 2024, commercial applications accounted for 45% of the market, with residential use showing rapid growth. The industry is seeing innovation in color-tunable white LEDs and improved color rendering capabilities. There's increasing demand for smart LED systems with features like remote control and integration with home automation. Manufacturers are developing LEDs optimized for specific applications such as horticulture and automotive lighting.
Market Value:
India White LEDs for Lighting Applications market size was valued at US$ 1.73 billion in 2024 and is projected to reach US$ 3.21 billion by 2030, at a CAGR of 10.8% during the forecast period 2024-2030.
CAGR of 10.8%
(2024-2030)
