India Professional Lighting Market is projected to grow at a CAGR of 7.8% from 2024-2030F

On the basis of products, façade lighting segment attained the largest revenue share in India Professional Lighting Market – 6Wresearch

Façade lighting has garnered the maximum revenue share in the overall professional lighting market of India, with an expectation to further dominate in the years ahead owing to the rapid urbanization and modernization taking place across the country, leading to a surge in construction activities including commercial buildings, hotels, malls, and public infrastructure.

According to 6Wresearch, the India Professional Lighting Market is projected to grow at a CAGR of 7.8% from 2024-2030F. The high efficiency and directional nature of LEDs make them ideal for many industrial uses. The growth of the LED is attributable to multiple government schemes. The growth of the LED market is strongly linked with the growth of the professional lighting market as LED makes up more than 83% of the lighting industry, with the share expected to grow.

The real estate sector in India is projected to reach a value of 1 trillion USD by 2030, driven by government initiatives such as SWAMIH and the Swadesh Darshan Scheme, which is expected to increase demand for construction materials and infrastructure, including LED lighting solutions. thereby driving growth in the Professional lighting market in coming years.

Regions with inconsistent power distribution prioritize fulfilling basic energy needs in their projects, which hampers investment in modern lighting technologies and thus, limits adoption in rural areas. Additionally, consumer preference for cost-effective options poses a barrier to the growth of professional lighting.

According to Suryakant, Senior Research Analyst, 6Wresearch, in India's professional lighting market, the hospitality sector has emerged as a significant driver, commanding a major revenue share by end users owing to the rapid growth of tourism in India, fueled by both domestic and international travellers, which has bolstered the hospitality sector's investment in quality lighting infrastructure. Moreover, with the rise of boutique hotels, themed restaurants, and experiential dining concepts, there is a growing need for innovative and customizable lighting designs to differentiate establishments and attract discerning customers.

The India Professional Lighting Market (2023-2029) report provides an in-depth analysis with 21 figures and 12 tables, covering 96 pages. The report comprehensively covers the market by products, usages, sales channels, technology, sectors, end users and regions. The report provides a detailed as well as unbiased analysis of the ongoing drivers, opportunities/high growth areas, and trends of the sector which are projected to support the stakeholders to align as well as devise their market strategies as per the latest and future market dynamics.