India Indoor Led Lighting Market Size & Outlook, 2023-2030
India indoor led lighting market, 2018-2030 (US$M)
Related Markets
India indoor led lighting market highlights
- The India indoor led lighting market generated a revenue of USD 2,296.5 million in 2023 and is expected to reach USD 4,972.8 million by 2030.
- The India market is expected to grow at a CAGR of 11.7% from 2024 to 2030.
- In terms of segment, lamps was the largest revenue generating product in 2023.
- Lamps is the most lucrative product segment registering the fastest growth during the forecast period.
Indoor led lighting market data book summary
| Market revenue in 2023 | USD 2,296.5 million |
| Market revenue in 2030 | USD 4,972.8 million |
| Growth rate | 11.7% (CAGR from 2023 to 2030) |
| Largest segment | Lamps |
| Fastest growing segment | Lamps |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Lamps, Luminaires |
| Key market players worldwide | Acuity Brands Inc, Cree Lighting, Dialight PLC, Hubbell Inc, LSI Industries Inc, Panasonic Holdings Corp, Seoul Semiconductor, Signify NV, Siteco, Syska, Zumtobel Group AG ADR |
Other key industry trends
- In terms of revenue, India accounted for 4.1% of the global indoor led lighting market in 2023.
- Country-wise, China is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China indoor led lighting market is projected to lead the regional market in terms of revenue in 2030.
- South Korea is the fastest growing regional market in Asia Pacific and is projected to reach USD 2,646.6 million by 2030.
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Indoor LED Lighting Market Scope
Indoor LED Lighting Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
India indoor led 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 indoor led lighting market will help companies and investors design strategic landscapes.
Lamps was the largest segment with a revenue share of 51.21% in 2023. Horizon Databook has segmented the India indoor led lighting market based on lamps, luminaires covering the revenue growth of each sub-segment from 2018 to 2030.
- India Indoor LED Lighting Product Outlook (Revenue, USD Million, 2018-2030)
- Lamps
- Luminaires
- India Indoor LED Lighting Installation Type Outlook (Revenue, USD Million, 2018-2030)
- New
- Retrofit
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Our clientele includes a mix of indoor led 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 indoor led lighting market , including forecasts for subscribers. This country databook contains high-level insights into India indoor led lighting market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
India indoor led lighting market size, by product, 2018-2030 (US$M)
India Indoor LED Lighting Market Outlook Share, 2023 & 2030 (US$M)
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