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Lighting Product Market size was valued at US$ 113.38 Bn. in 2022 and the total revenue is expected to grow at a CAGR of 4.5% through 2023 to 2029, reaching nearly US$ 154.29 Bn.
The UJALA (Unnat Jyoti by Affordable LEDs for All) scheme is aimed at promoting the efficient usage of energy at the residential level by using energy-efficient appliances and aggregating demand to reduce the high initial costs.
Power Ministry constituted committee which prepared “Transmission System for Integration of over 500 GW Renewable Energy Capacity by 2030"