The import of filament lamps to India is forecasted to decline from 2024 to 2028. The values indicate a steep decrease from 301.45 (thousands) in 2024 to 62.85 in 2028. Without actual 2023 data, estimating the exact percentage drop is challenging, but the downward trend is evident. The compound annual growth rate (CAGR) over these years is negative, indicating a consistent reduction in imports annually.
Future trends to watch for:
- The rise of energy-efficient lighting alternatives like LEDs which could suppress filament lamp imports further.
- Potential policy changes in India focusing on sustainable energy solutions.
- Fluctuations in local manufacturing capabilities impacting import reliance.
