Market Forecast By Product (Chandeliers, Pendants, Sconce, Flush Mount, Others), By Light Source (LED, Fluorescent, Incandescent, Others), By Application (Commercial, Household) And Competitive Landscape
Product Code: ETC260364 | Publication Date: Aug 2023 | Updated Date: Jan 2025 | Product Type: Market Research Report | |
Publisher: 6Wresearch | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 | |
The India Decorative Lighting Market is poised for steady growth rate improvements from 2025 to 2029. Commencing at 9.26% in 2025, growth builds up to 12.98% by 2029.
Report Name | India Decorative Lighting Market |
Forecast period | 2025-2031 |
CAGR | 6.5% |
Growing Sector | Residential |
The India Decorative Lighting Market Report thoroughly covers the market by product, light source, and application. The India Decorative Lighting Market Outlook report provides an unbiased and detailed analysis of the ongoing India Decorative Lighting Market trends, opportunities/high growth areas, and market drivers. This would help the stakeholders devise and align their market strategies according to the current and future market dynamics.
India Decorative Lighting Market has witnessed significant growth and is likely to rise more shortly due to changing consumer lifestyles and preferences. The rise in urbanization, rapid economic growth, and increasing awareness about interior design have also contributed to the growth of the market.
According to 6Wresearch, the India Decorative Lighting Market size is anticipated to rise at a CAGR of 6.5% during 2025-2031. One of the major drivers of this market is the growing awareness about the benefits of LED lighting. With government initiatives promoting energy efficiency and sustainability, consumers are increasingly shifting towards LED lights which offer longer lifespan, consume less electricity and emit lower heat compared to traditional incandescent bulbs. Moreover, the rising disposable income and changing consumer lifestyle preferences have led to an increase in demand for innovative and decorative lighting solutions in India. The trend of home interior decoration and renovation has further boosted the demand for decorative lighting in the residential sector. These factors are fueling the India Decorative Lighting Market growth.
However, high initial costs of LED lights and a lack of standardization in product quality can be considered as major challenges hindering the growth of the market. Additionally, the presence of counterfeit products and intense competition among players to offer low-priced products negatively impact market growth.
Some of the key players in the India decorative lighting market include Philips Lighting India, Havells India Ltd., Osram India Pvt. Ltd., and Bajaj Electricals Ltd. These companies are constantly investing in research and development to introduce new technologies and designs in their products.
The Government of India's focus on promoting sustainable development through its policies such as the National LED Programme and Make in India initiative is expected to further boost the growth of the decorative lighting market in India. In addition, the emergence of smart lighting technology and its integration with Internet of Things (IoT) is opening up new opportunities for market players. This technology allows users to control their lighting remotely through a smartphone or voice commands, making it convenient and energy-efficient.
The future looks bright for the decorative lighting market in India. The rise in disposable income and growing popularity of home decor among the younger population are expected to drive the demand for innovative lighting solutions. With government initiatives promoting sustainable development and advancements in technology, the market is likely to witness significant growth in the coming years. Moreover, as more players enter the market, competition will intensify and drive down prices, making decorative lighting more affordable for consumers. This will also lead to an increase in product innovation and variety, providing customers with a wider range of options to choose from.
According to Nikhil, Senior Research Analyst, 6Wresearch, one of the most popular product segments in the Indian decorative lighting market is chandeliers. These elegant and ornate light fixtures have been used in homes and public spaces for centuries, and their popularity continues to grow. Chandeliers come in a variety of styles, sizes, and materials, making them versatile and suitable for a range of interior design schemes
One of the key factors driving the growth of the decorative lighting market in India is the increasing demand for LED lights. LED lights are energy-efficient, long-lasting, and environmentally friendly compared to traditional light sources such as incandescent and fluorescent bulbs.
On the basis of application, residential segment has been attaining significant growth in this market and the same segment will continue to progress in the future.
The report provides a detailed analysis of the following market segments:
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 India Decorative Lighting Market Overview |
3.1 India Country Macro Economic Indicators |
3.2 India Decorative Lighting Market Revenues & Volume, 2021 & 2031F |
3.3 India Decorative Lighting Market - Industry Life Cycle |
3.4 India Decorative Lighting Market - Porter's Five Forces |
3.5 India Decorative Lighting Market Revenues & Volume Share, By Product, 2021 & 2031F |
3.6 India Decorative Lighting Market Revenues & Volume Share, By Light Source, 2021 & 2031F |
3.7 India Decorative Lighting Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 India Decorative Lighting Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 India Decorative Lighting Market Trends |
6 India Decorative Lighting Market, By Types |
6.1 India Decorative Lighting Market, By Product |
6.1.1 Overview and Analysis |
6.1.2 India Decorative Lighting Market Revenues & Volume, By Product, 2021-2031F |
6.1.3 India Decorative Lighting Market Revenues & Volume, By Chandeliers, 2021-2031F |
6.1.4 India Decorative Lighting Market Revenues & Volume, By Pendants, 2021-2031F |
6.1.5 India Decorative Lighting Market Revenues & Volume, By Sconce, 2021-2031F |
6.1.6 India Decorative Lighting Market Revenues & Volume, By Flush Mount, 2021-2031F |
6.1.7 India Decorative Lighting Market Revenues & Volume, By Others, 2021-2031F |
6.2 India Decorative Lighting Market, By Light Source |
6.2.1 Overview and Analysis |
6.2.2 India Decorative Lighting Market Revenues & Volume, By LED, 2021-2031F |
6.2.3 India Decorative Lighting Market Revenues & Volume, By Fluorescent, 2021-2031F |
6.2.4 India Decorative Lighting Market Revenues & Volume, By Incandescent, 2021-2031F |
6.2.5 India Decorative Lighting Market Revenues & Volume, By Others, 2021-2031F |
6.3 India Decorative Lighting Market, By Application |
6.3.1 Overview and Analysis |
6.3.2 India Decorative Lighting Market Revenues & Volume, By Commercial, 2021-2031F |
6.3.3 India Decorative Lighting Market Revenues & Volume, By Household, 2021-2031F |
7 India Decorative Lighting Market Import-Export Trade Statistics |
7.1 India Decorative Lighting Market Export to Major Countries |
7.2 India Decorative Lighting Market Imports from Major Countries |
8 India Decorative Lighting Market Key Performance Indicators |
9 India Decorative Lighting Market - Opportunity Assessment |
9.1 India Decorative Lighting Market Opportunity Assessment, By Product, 2021 & 2031F |
9.2 India Decorative Lighting Market Opportunity Assessment, By Light Source, 2021 & 2031F |
9.3 India Decorative Lighting Market Opportunity Assessment, By Application, 2021 & 2031F |
10 India Decorative Lighting Market - Competitive Landscape |
10.1 India Decorative Lighting Market Revenue Share, By Companies, 2024 |
10.2 India Decorative Lighting Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |