The import of electric filament or discharge lamps to India is forecasted to increase steadily from $200.05 million in 2024 to $213.18 million by 2028. This represents a continuous annual growth, with a compound annual growth rate (CAGR) over the five-year period. As of 2023, the import value stood at $196.67 million, indicating a consistent upward trend in the demand for these lighting products.
Future trends to watch for include:
- Increasing adoption of energy-efficient LED technologies that might influence traditional lamp imports.
- Potential policy changes or incentives for sustainable products which may impact import demand.
- Market dynamics in raw material costs and exchange rates that could affect import values.
