India is the second populated nation and fifth prime electricity consumer that has been observing wide electricity demand-supply gap. A significant portion of the world’s total electricity generation has been spent on lighting by illumination sources and systems alone. The exhaustion continues to increase due to the development of new areas of applications such as Biological Lighting, Entertainment Lighting, Aqua Tissue Culture, Advertisement Lighting, etc.
The year 2020 started as a promising year for the lighting sector in India but was caught up by COVID 19 soon. However, Industry representatives believe that the lighting sector has changed, and today, smart lighting technology holds the key to the future of this industry. System integration paired with networked building-systems and automation is helping industries progress. The LED and Lighting industries are bound to grow as they are supported by the initiative that encourages the use of LED lighting system.
The LED lighting market in India is expected to expand at a CAGR of 23.6% during 2019-2025. The LED lighting market in India observed a gush in recent years due to the subsequent urbanization and growing population. In 2018, India’s energy demand raised by 4%, which outperformed the global energy demand of 2.3%. With the swelling rate of electricity intake, the demand for cost-effective and environmentally friendly solutions are also gaining power. Hence, in current years, LED lighting will extensively penetrate the conventional lighting market of India.
Some government schemes such as Street Lighting National Programme (SLNP) and Unnat Jyoti by Affordable LEDs for All (UJALA) continued to be the biggest demand drivers for India’s LED lighting market. These initiatives objective is to grow awareness between the customers concerning the acceptance of LED bulbs above conventional lighting sources such as halogen lights, CFL and incandescent bulbs. For example, under the SLNP, the government intends to change over 1.34 crore conventional street lights in India, out of which, around 1.04 crore street lights as on November 2019, were substituted.
The Northern region followed southern region accounts for the largest revenue share in the overall market in India. With numerous forthcoming infrastructural projects across the industrial, commercial and residential domains through several parts of the country, the demand for LED luminaires and lamps are predicted to observe development over the next few years.
Market drivers in India:
Lifestyle elevation:
The per capita income in India was INR 1,12,835 (USD 1,584.56) in March 2018, up from INR 1,03,870 (USD 1458.66) in March 2017. This uptick blended technological advancements have caused a dramatic shift in customer purchase decisions. Additionally, favorable demographics have also sparked the growth of the smart lighting market in India.
Need for proficient energy management systems:
Lighting accounts for 18-20% of the total power consumption in India. The quest for efficient energy, in order to quench the constantly proliferating power-guzzling systems is driving the smart lighting market. It has been projected that if the entire lighting system in India uses efficient LED lighting or smart lighting, the overall demand for power will be slashed by 50%.
Hurdles in front of the smart lighting market in India:
High installation charge:
The penetration rate of smart lights is still in its nascence given its staggering installation costs. Moreover, the surmounting expenses that tag with IoT-enabled systems is also hindering the growth of the smart lighting market. Since the conversion of existing electrical appliances to smart devices requires the installation of new products, customers are averse in shelling out for such expenses.
Absence of practical knowledge:
In order to be able to operate smart light devices, being aware of how the technology works is imperative. Due to a severe lack of digital literacy nation-wide, such demand is primarily expected to come from tech-savvy customers who are in sync with the latest market offerings. Plus, smart lighting may require multiple networking devices or apps. This again comes with its own costs.
Health consequences:
Short-wavelength visible light at very high intensities can be phototoxic to the retina. It has also been found that the blue light emitted by the LED lights affects the sleeping patterns and circadian rhythms, which can lead to various types of cancers.
Top 10 Lighting Companies in India
- Wipro Lighting
Wipro is one of the best Indian LED companies ever since 1992, when Wipro extended its wing into the retail and institutional segment with Wipro Lighting. Their aim is to offer the latest and innovative LED lighting solutions designed to enhance every home and office space. They were the first to launch a comprehensive LED Lighting range for consumer and institutional segment in India. The total revenue of Wipro as of 2020 is ₹63,862.60 crore.
Some Benefits of Wipro LED lights.
- They have an excellent range of smart bulbs and lighting.
- Their products came with two years of warranty depending on the product.
- They bring innovative design with the best quality products.
LED Products of Wipro- Downlights, surface mount luminaries, Linear Lamp, Desk light, Batten Light and street.
- Bajaj Electricals
It is a globally renowned and trusted Indian electronics company. Bajaj Electricals business is spread across – Consumer Products (Appliances, Fans, Lighting), Exports, and EPC (Illumination, Transmission Towers and Power Distribution). Bajaj Electricals has 20 branch offices spread in different parts of the country besides being supported by a chain of distributors, authorised dealers, retail outlets, exclusive showrooms called ‘Bajaj World’ and approximately 500 customer care centres. Its turnover was ₹6,744 crores (FY 18-19).
Some Benefits of Bajaj LED lights:
1.They are energy efficient and consume up to 90% less power than incandescent bulbs.
2. They work in low voltage supply
3. They are eco-friendly and are regularly recycled
4. LED light bulbs have a longer lifespan of about 25,000 hours or more.
LED Products of Bajaj: Bajaj Ivora, Baja Lantern, Bajaj Torch, Bajaj ELX, Bajaj Table lamp, Spike Guards.
3. Surya Roshni
Three decades down the line, it is valued as one of the leading brands in the Lighting industry. Surya Roshni Limited (formerly Prakash Surya Roshni Limited) is one of the top manufacturer of LED lights in India. Surya exports its products over 50 countries and has a turnover close to Rs. 5,975 crores in FY 2018-19.
Some Benefits of Surya LED lights
- They are offering a 25000 hours lifespan of their LED bulbs.
- They have a wide range of more than 50 LED lighting options.
- The LED light price in India of the Surya brand is affordable and valuable for the money.
- They provide both consumer base and professional based LED lighting solutions.
LED Products of Surya- Lamp spot light, Battens, high bays luminaries, linear lamps, Strip light, Streetlight, Decorative light, and Down lights.
- Syska LED
Syska LED is a market leader and provides numerous lighting solutions. Syska LED offers a wide range of international quality LED lighting solutions, for varied applications providing effective and energy-efficient lighting in any environment from residential and retail, to commercial and industrial applications. Syska LED currently holds over 40 patents for lighting solutions. Its 2019 revenue totalled1400 crores.Some Benefits of Syska LED Lights
- They offer a wide range of international quality LED lighting solutions.
- Their home appliances category has been crafted with the latest innovation and provides energy saving to its customers.
- Syska also has the personal care products range in the market.
LED Products of Syska- Tube lights, Down lights, Panel lights, Portable lights, Garden lights, Industrial light,Flood light, Wall light, Parking Light and Tunnel Light.
- Havells India Ltd.
Havells is one of the famous and trusted brands in India for almost all electronics items in the Indian market. They have more than 14 manufacturing locations in India. The company’s primary advertisement is for their best quality cables as Havells cables never catch fire. However, Havells entered the LED lighting sphere in 2010. They have been manufacturing LED lights since 2011, and in a short time, they are providing good quality LED lights in India.
Havells has a wide range of LED lighting solutions, including spotlights, lamps, ceiling lights, and many more.
Some Benefits of Havells India LED Lights
- They bring some of the best-designed LED lights in the market.
- They maintained high-quality products with energy-efficient LED models.
- They have a wide range of portable rechargeable LED lights.
LED Products of Havells- Lamps, Spot Lights, COB Fixtures, Decorative lights, Commercial lights, Street Light, Tube lights, and ceiling lights.
Crompton Greaves Consumer Electricals Ltd.
They are one of the oldest brands in India with a rich legacy and excellent quality, reliability, and superior engineering capability. Their product design inspires an immense amount of trust. They are known for providing meaningful solutions to the consumer’s needs. They have also launched some breakthrough products like India’s first anti-dust and anti-bacterial LED bulb.
They have a wide range of LED lighting bulbs according to your need and decor. The price of CG LED tube light in India is a bit faster than other products, but it came with more than 15 years of life. The brand known in the market for their high performance LED lighting.
Some Benefits of CG (Crompton Greaves) LED Lights
- Their lifespan is longer than the regular traditional bulbs.
- CG has a wide exceptional colour range.
- They come with lower radiated heat.
LED Products of CG (Crompton Greaves) – Bulb, Tube Light, Spotlight, Streetlights, Garden light, Emergency Light, Desk Lamps, and many more.
Philips India Pvt. Ltd.
Philips has been one of the brands since our childhood. Philips is a Dutch brand, but it considers India as the biggest market as far as the LED light is concerned. They are the most trusted brands in the Indian market today. Philips boasts cutting-edge technology and has a wide range of LED lighting solutions to Indian customers. They are one of the top LED tube light brands in India.
Philips has the complete solution for LED house light and office lights and not only in India but globally too. The brands make sure that the global experience and expertise for its products in India.
Some Benefits of Philips LED Lights
- They come with longer life and use 80% less energy than the traditional sources.
- These LED lights come with perfect light quality and need no warm up time.
LED Products of Philips- Bulbs, Wall Lights, Ceiling Lights, Tube lights, Table lights, Suspension Light and Decor Lights.
8. OSRAM India Pvt Ltd
German engineers are considered to be the best ones in the world in making machines of almost all kinds of. You will get robust German engineering which means a fuss-free LED lighting. Osram India is a complete subsidiary of Osram GmbH that offers its customers a wide range of LED lighting solutions.
The brands have managed to make the best-LED lights in India with their manufacturing plant in Haryana Sonepat and in Kundli. They are one of the leading suppliers and manufacturers for LED exterior modules and interior modules. From having LED lamps to general lighting, Osram has the complete solution for all your ELD lighting needs.
Some Benefits of Osram LED Lights
- They have a wide range of conventional LED bulbs.
- They provide complete LED solutions, including LED light engines and electronic Control Gear.
- They have a wide range of industrial LED lights, including Halogen lamps.
LED Products of Osram- Spot Lights, Lamps, Wall Luminaries, Batten Luminaires, Under Cabinet Lights, Floor Luminaries, Table light, Flood Light, Streetlights and Camping lights.
- PolyCab
It is in the business of manufacturing wires and cables and fast-moving electrical goods under FMEG as a POLYCAB brand name. A[prta from wires and cables they are also manufacturers of the LED lights in India. They are the growing Brand for LED lights. They are capable of producing good quality LED lights, and they are providing it to their consumers. The brand has more than 25 manufacturing units across India.
Under the name of PolyCab Luminaires, they have a wide range of collections for LED lighting and solutions for almost everything, including roads, bridges, and gardens. These products designed for a better life and quality.
Some Benefits of PolyCab LED Lights
- They are specialists in commercial LED: Lighting and solution.
- They offer a complete solution for LED lighting for your office and home lighting.
- Their LED focus lights price is affordable in comparison to others in India.
LED Products of PolyCab – Bulbs, Spot light, Table lamps, Flexi Lamps, Street Light, Garden light, Decorative light, and Down Lights.
- Eveready
A century-old company has quite a market for LEDs. They offer a wide range of lighting solutions. With a thrust on innovation, their products match international standards in terms of energy saving, longevity and safety. These products are designed to suit Indian conditions. Their mission is to offer innovative technology at an affordable price. It reported a profitof ₹4 crores for the quarter ending March 31, 2019.
Some Benefits of Eveready LED
- They have a longer life
- They are safe to use
- They are energy saver
Eveready LED Products Type: Bulbs, Spot Lights, Down Lights and Deco Lights.
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