India Architectural Lighting Market Size & Outlook
India architectural lighting market, 2018-2030 (US$M)
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India architectural lighting market highlights
- The India architectural lighting market generated a revenue of USD 411.4 million in 2023 and is expected to reach USD 760.4 million by 2030.
- The India market is expected to grow at a CAGR of 9.2% from 2024 to 2030.
- In terms of segment, ballasts was the largest revenue generating component in 2023.
- Lamps is the most lucrative component segment registering the fastest growth during the forecast period.
Architectural lighting market data book summary
| Market revenue in 2023 | USD 411.4 million |
| Market revenue in 2030 | USD 760.4 million |
| Growth rate | 9.2% (CAGR from 2023 to 2030) |
| Largest segment | Ballasts |
| Fastest growing segment | Lamps |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Lamp Holders, Ballasts, Lamps, Lenses/Shades, Trims, Wiring, Reflectors |
| Key market players worldwide | Acuity Brands Inc, GE Aerospace, Hubbell Inc, Ams-OSRAM AG, Panasonic Holdings Corp, Signify NV, Zumtobel Group AG ADR, Feilo Sylvania, Seoul Semiconductor, Cree Lighting, Delta Light, GVA Lighting, Siteco, TCP Lighting |
Other key industry trends
- In terms of revenue, India accounted for 4.3% of the global architectural lighting market in 2023.
- Country-wise, China is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China architectural lighting market is projected to lead the regional market in terms of revenue in 2030.
- Australia is the fastest growing regional market in Asia Pacific and is projected to reach USD 374.7 million by 2030.
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Architectural Lighting Market Scope
Architectural Lighting Market Companies
| Name | Profile | # Employees | HQ | Website |
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India architectural lighting market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to architectural lighting market will help companies and investors design strategic landscapes.
Ballasts was the largest segment with a revenue share of 19.11% in 2023. Horizon Databook has segmented the India architectural lighting market based on lamp holders, ballasts, lamps, lenses/shades, trims, wiring, reflectors covering the revenue growth of each sub-segment from 2018 to 2030.
The importance of tourism in India has prompted the use of architectural lighting to highlight historical buildings, temples, monuments, and other cultural attractions. Because of India's rich cultural legacy and historical landmarks, architectural lighting is essential for protecting and emphasizing its cultural and architectural assets.
The expansion of India's economy has resulted in significant real estate development comprising commercial, residential, and industrial structures. As architects and property owners seek unique lighting solutions, the demand for architectural lighting is anticipated to grow.
For instance, in 2015, the Indian government launched the National Heritage City Development and Augmentation Yojana (HRIDAY) to preserve and restore India's heritage cities. Lighting is important in emphasizing historical and architectural heritage and HRIDAY initiatives often incorporate lighting modifications.
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Our clientele includes a mix of architectural lighting market companies, investment firms, advisory firms & academic institutions.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of country-level data and insights on the India architectural lighting market , including forecasts for subscribers. This country databook contains high-level insights into India architectural lighting market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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India architectural lighting market size, by component, 2018-2030 (US$M)
India Architectural Lighting Market Outlook Share, 2023 & 2030 (US$M)
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