In 2023, the import value of lamps and lighting fittings to India stood at X million USD. From 2024, the forecasts show a steady increase in imports, with values projected to reach 903.91 million USD in 2024, increasing annually to 1053.7 million USD by 2028.
Year-on-year variations:
• 2024: 903.91 million USD
• 2025: 4.3% increase
• 2026: 4.0% increase
• 2027: 3.8% increase
• 2028: 3.6% increase
Average annual growth over the 5-year period (CAGR) is expected to be around 3.93%.
Future trends to watch for include advancements in energy-efficient lighting technologies, increasing demand for smart home solutions, and shifts in trade policies which could impact import dynamics.
