As per MRFR analysis, the India Lighting as a Service Market Size was estimated at 215.25 (USD Million) in 2023.The India Lighting as a Service Market Industry is expected to grow from 263.38(USD Million) in 2024 to 2,290.18 (USD Million) by 2035. The India Lighting as a Service Market CAGR (growth rate) is expected to be around 21.728% during the forecast period (2025 - 2035).
Key India Lighting as a Service Market Trends Highlighted
The India Lighting as a Service Market is witnessing significant growth driven by various factors. The increasing emphasis on energy efficiency among businesses has become a major market driver, as numerous companies and government initiatives promote the adoption of sustainable lighting solutions.
This trend aligns well with India's commitment to reducing carbon emissions and enhancing energy conservation, as reflected in schemes like the Perform, Achieve and Trade (PAT) program. Opportunities in the market are abundant, particularly with the rapid urbanization and the government's push for smart city initiatives. These initiatives create a demand for advanced lighting solutions that not only illuminate spaces but also integrate with smart technologies to promote safety and efficiency.
Additionally, the increasing awareness of the benefits of LED lighting among businesses and residential users is further propelling the demand for Lighting as a Service solutions. Recent trends indicate that there is a shift towards subscription-based models, where clients pay a monthly fee for lighting services rather than making large initial investments. This model appeals to small and medium enterprises that seek to enhance their operations without incurring hefty upfront costs.
Moreover, the focus on the renovation of existing infrastructure aligns with the market's push for sustainable and innovative lighting technologies. The emphasis on integrating IoT with lighting systems represents another trend, enhancing user experience and operational efficiency through smart lighting controls and data analytics.
Overall, the India Lighting as a Service Market is evolving, fueled by a blend of innovative solutions, growing awareness, and supportive government policies that promote energy-efficient lighting.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
India Lighting as a Service Market Drivers
Growing Demand for Energy Efficiency Solutions
The growing need for energy-efficient lighting solutions is fueling the notable expansion of the India Lighting as a Service Market. The Bureau of Energy Efficiency states that by 2030, India wants to have 40% of its installed capacity for electricity come from non-fossil fuel sources. The market is expanding as a result of the increased adoption rates of energy-efficient lighting solutions brought about by this push for efficiency.
Organizations such as Philips Lighting and Schneider Electric are at the forefront of providing innovative lighting solutions tailored to meet these efficiency demands. Their advanced technologies not only improve lighting quality but also contribute to substantial energy savings for commercial and residential sectors in India, fostering further growth in the Lighting as a Service sector.
Government Initiatives Supporting Smart Lighting
The Government of India is promoting smart city initiatives, which significantly benefit the India Lighting as a Service Market Industry. As part of the Smart Cities Mission, several projects aim to enhance urban infrastructure, including smart lighting systems. The Urban Development Ministry highlights that over 100 cities have been identified for smart city projects since 2015, which emphasizes the necessity for modernized lighting solutions.
This government backing not only boosts investment in smart lighting technologies but also attracts private players like Wipro and Tata Power to collaborate on these projects.The synergy between public and private investment accelerates the adoption of Lighting as a Service models across the country, propelling the industry forward.
Increasing Awareness on Sustainable Practices
With rising concerns regarding climate change and sustainability, there is a growing awareness regarding eco-friendly practices among both commercial and residential consumers in India. Studies on consumer behavior have shown that over 75% of urban residents are willing to pay a premium for products that are environmentally friendly, as reported by the Indian Ministry of Environment, Forest and Climate Change. This trend has led businesses to adopt sustainable lighting solutions, pushing the demand for Lighting as a Service models that focus on renewable materials and energy-efficient products.
Companies like Havells India and Bajaj Electricals are increasingly investing in sustainable product lines, which has an impact on driving the India Lighting as a Service Market Industry towards growth.
Lighting as a Service Market Lighting Technology Insights
The India Lighting as a Service Market has shown significant potential and is rapidly evolving, particularly within the Lighting Technology segment, which encompasses various transformative lighting options such as LED, Fluorescent, Incandescent, Smart Lighting, and Fiber Optics. As urbanization continues to rise in India, the demand for efficient and sustainable lighting solutions is gaining momentum, driven by initiatives towards green energy and smart city development. LED technology is anticipated to dominate the landscape due to its energy efficiency and long lifespan, contributing to reduced energy consumption and increased cost savings for consumers and businesses alike.
Meanwhile, Fluorescent and Incandescent options are seeing a gradual decline in preference as they are being overshadowed by newer technology, which offers superior performance and sustainability features. The advent of Smart Lighting is revolutionizing how lighting is managed and utilized in residential and commercial sectors; it integrates with IoT to enable automation and remote control, enhancing convenience and energy management. Fiber Optics is another segment that is gaining traction, particularly in architectural and artistic applications, as it allows for innovative lighting designs while being energy efficient.
The growing emphasis on smart infrastructure and energy-efficient solutions presents vast opportunities in the Lighting Technology sector. Government initiatives to promote renewable energy and energy-efficient technologies further support market growth, driving innovation and investment in this industry. Collectively, these trends contribute to a dynamic marketplace with a promising future in India, positioning the country as a noteworthy player in the global lighting sector.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Lighting as a Service Market Application Insights
The India Lighting as a Service Market segmentation by Application encompasses various critical areas, including Indoor Lighting, Outdoor Lighting, Street Lighting, Architectural Lighting, and Industrial Lighting. The Indoor Lighting segment plays a vital role in enhancing energy efficiency within residential and commercial spaces, making it a key focus due to the growing demand for smarter and sustainable living environments. In contrast, Outdoor Lighting is essential for urban development, contributing to enhanced safety and security in public spaces.
Street Lighting specifically tackles urban management challenges linked to visibility and reduces crime rates, thereby fostering community well-being. Architectural Lighting, meanwhile, adds aesthetic value to buildings, influencing tourism and city branding, which holds significance in India's rapidly developing urban landscape. Industrial Lighting addresses the need for optimized lighting solutions in manufacturing spaces, emphasizing safety and productivity, aligned with the country's push towards modernization and smart factories. As energy efficiency gains traction amidst the country's commitment to sustainable development, the overall market demonstrates a positive trajectory, reflecting significant growth opportunities driven by evolving consumer preferences and regulatory frameworks.
Lighting as a Service Market End Use Insights
The End Use segment of the India Lighting as a Service Market encompasses various crucial sectors, including Residential, Commercial, Industrial, and Institutional applications. As urbanization continues to rise in India, the demand for efficient lighting solutions in residential areas has grown significantly, contributing to improved energy savings and sustainability. The commercial sector, which includes offices and retail environments, plays a vital role as well, with businesses increasingly adopting Lighting as a Service to enhance customer experience while managing operational costs.
In the industrial domain, there is an increasing emphasis on energy-efficient lighting systems to meet regulatory standards and improve safety in work environments. Institutional spaces, such as schools and hospitals, also demonstrate strong potential for Lighting as a Service adoption, as they seek advanced lighting solutions to enhance the comfort of users and ensure optimal working conditions. The focus on sustainability and energy efficiency across all segments is driving market growth, with government initiatives promoting smart lighting technologies and infrastructure upgrades.
This market is also supported by rising awareness about the benefits of Lighting as a Service, paving the way for a significant transformation in how lighting is perceived and utilized across various sectors in India.
Lighting as a Service Market Service Type Insights
The India Lighting as a Service Market showcases a diverse landscape segmented by various service types, each contributing uniquely to the overall growth of the industry. Installation services play a crucial role, facilitating the transition to energy-efficient lighting systems and enhancing the aesthetic appeal of spaces across residential, commercial, and industrial sectors. Maintenance services are equally significant, ensuring the longevity and optimal functioning of lighting systems, effectively reducing downtime and operational costs for businesses.
Monitoring services have gained traction as they leverage smart technology to provide real-time insights on energy consumption, empowering users to make informed decisions and improve efficiency. Upgradation services support ongoing advancements in technology by assisting businesses in transitioning to the latest lighting solutions, thus enhancing energy savings and sustainability. The combination of these services drives the market dynamics by addressing the increasing demand for energy efficiency initiatives endorsed by governmental policies in India.
Moreover, the growing awareness of energy conservation and environmental impacts of lighting solutions heightens the relevance of these service types, ensuring their significance in the India Lighting as a Service Market. The market continues to evolve, driven by technological advancements and an increasing shift towards sustainable practices, presenting ample opportunities for growth in the coming years.
India Lighting as a Service Market Key Players and Competitive Insights
The India Lighting as a Service Market has been evolving significantly, driven by the increasing demand for energy-efficient solutions and the growing emphasis on sustainability. This market is characterized by several players offering innovative lighting solutions that enhance productivity and reduce operational costs for businesses and consumers alike.
With the government's initiatives to promote green technologies and energy efficiency, there has been a notable rise in the adoption of smart lighting systems and advanced control mechanisms. The competitive landscape is gradually becoming more dynamic, with established companies and new entrants vying for market share, introducing cutting-edge technologies, and expanding their service offerings to meet diverse customer needs.
Toshiba Lighting has cemented its presence in the India Lighting as a Service Market through a strong commitment to innovation and sustainability. Leveraging its extensive experience in the lighting industry, the company has focused on delivering high-quality, energy-efficient lighting solutions tailored to the preferences of Indian consumers and businesses. Toshiba Lighting's strengths lie in its advanced technology and ability to provide customized solutions that integrate seamlessly into various environmentsfrom commercial spaces to large-scale industrial applications.
Its emphasis on research and development enables the company to stay at the forefront of lighting technology, allowing it to respond effectively to the rapidly changing demands in the market. Additionally, Toshiba's brand reputation and reliability have contributed to its strong position, facilitating long-term partnerships with clients seeking sustainable lighting options.
Schneider Electric has established itself as a key player in the India Lighting as a Service Market, providing a comprehensive suite of solutions designed to optimize energy usage and enhance the overall efficiency of lighting systems. The company offers a range of smart lighting technologies, including connected lighting systems that enable users to monitor and control energy consumption in real-time. With a robust market presence, Schneider Electric leverages its expertise in energy management and automation to offer tailored solutions that cater to the unique needs of the Indian market.
The company's strengths include its focus on sustainability and the ability to deliver integrated solutions that promote energy optimization. Additionally, Schneider Electric has been involved in strategic mergers and acquisitions that expand its product portfolio and capabilities within the lighting sector, further solidifying its position in the market and fostering the adoption of innovative lighting solutions across various segments in India.
Key Companies in the India Lighting as a Service Market Include
India Lighting as a Service Market Industry Developments
The India Lighting as a Service Market has seen significant developments recently, with major advancements from companies like Schneider Electric, Philips Lighting, and Syska LED Lights emphasizing energy efficiency and smart lighting solutions. In September 2023, Toshiba Lighting launched a new range of smart lighting products designed to enhance energy savings in commercial spaces.
Additionally, Crompton Greaves Consumer Electricals unveiled its latest IoT-based lighting solutions, catering to urban infrastructure projects. In terms of market valuation, consistent growth has been observed, supported by increasing government initiatives for sustainable development and energy conservation, particularly in urban areas like Delhi and Bengaluru.
Over the past couple of years, the demand for Lighting as a Service has surged, driven by a growing focus on green technologies and reduced carbon footprints. Notably, in May 2022, Wipro entered a strategic partnership with GE Lighting to enhance its smart lighting capabilities across India, a move that has further stimulated competition and innovation in the sector. The business landscape remains dynamic, with companies actively pursuing technological advancements to capture a larger market share.
India Lighting as a Service Market Segmentation Insights
| Report Attribute/Metric Source: | Details |
| MARKET SIZE 2023 | 215.25(USD Million) |
| MARKET SIZE 2024 | 263.38(USD Million) |
| MARKET SIZE 2035 | 2290.18(USD Million) |
| COMPOUND ANNUAL GROWTH RATE (CAGR) | 21.728% (2025 - 2035) |
| REPORT COVERAGE | Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
| BASE YEAR | 2024 |
| MARKET FORECAST PERIOD | 2025 - 2035 |
| HISTORICAL DATA | 2019 - 2024 |
| MARKET FORECAST UNITS | USD Million |
| KEY COMPANIES PROFILED | Toshiba Lighting, Schneider Electric, Wipro, Syska Led Lights, Crompton Greaves Consumer Electricals, Zynergy, Cree, Panasonic, Luminous Power Technologies, GE Lighting, Havells India, OSRAM, Sylvania, Philips Lighting, Signify |
| SEGMENTS COVERED | Lighting Technology, Application, End Use, Service Type |
| KEY MARKET OPPORTUNITIES | Urban infrastructure modernization, Increased demand for energy efficiency, Government sustainability initiatives, Rapid industrialization in tier II cities, Growing awareness of smart lighting solutions |
| KEY MARKET DYNAMICS | growing energy efficiency awareness, government sustainability initiatives, rising demand for smart lighting, reduced capital expenditure for customers, advancements in IoT technology |
| COUNTRIES COVERED | India |
Frequently Asked Questions (FAQ) :
The India Lighting as a Service Market is expected to be valued at 263.38 million USD in 2024.
By 2035, the market is anticipated to reach a valuation of 2290.18 million USD.
The expected CAGR for the India Lighting as a Service Market from 2025 to 2035 is 21.728%.
The LED lighting technology segment is projected to dominate with a market value of 982 million USD in 2035.
The Fluorescent segment is expected to have a market value of 50 million USD in 2024, growing to 450 million USD by 2035.
Major players in the market include Toshiba Lighting, Schneider Electric, Wipro, Syska Led Lights, and Philips Lighting.
The Smart Lighting segment is projected to grow from 50 million USD in 2024 to 450 million USD by 2035.
The Incandescent lighting market is expected to increase from 30 million USD in 2024 to 270 million USD by 2035.
The market presents opportunities in the increasing adoption of energy-efficient lighting solutions and smart technologies.
The Fiber Optics segment is projected to reach a value of 138.18 million USD by 2035.
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Team Lead - Research she holds an experience of about 6+ years in market research and business consulting, working under the spectrum of information communication technology, telecommunications and semiconductor domains. aarti conceptualizes and implements a scalable business strategy and provides strategic leadership to the clients. her expertise lies in market estimation, competitive intelligence, pipeline analysis, customer assessment, etc.
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