India: Market for Residential, Commercial and Industrial Lighting Fixture 2025

Market Size for Residential, Commercial and Industrial Lighting Fixture in India

The Indian market for residential, commercial and industrial lighting fixture shrank modestly to $X in 2021, waning by -1.9% against the previous year. The market value increased at an average annual rate of +4.1% over the period from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Consumption of peaked at $X in 2020, and then fell modestly in the following year.

Production of Residential, Commercial and Industrial Lighting Fixture in India

In value terms, production of residential, commercial and industrial lighting fixture reduced modestly to $X in 2021 estimated in export price. Over the period under review, the total production indicated a perceptible expansion from 2012 to 2021: its value increased at an average annual rate of +4.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +50.8% against 2016 indices. The most prominent rate of growth was recorded in 2017 when the production volume increased by 30% against the previous year. Production of peaked at $X in 2020, and then declined modestly in the following year.

Exports of Residential, Commercial and Industrial Lighting Fixture

Exports from India

In 2021, shipments abroad of residential, commercial and industrial lighting fixture increased by 66% to X units for the first time since 2016, thus ending a four-year declining trend. Over the period under review, exports, however, showed a relatively flat trend pattern. Over the period under review, the exports of reached the maximum at X units in 2016; however, from 2017 to 2021, the exports stood at a somewhat lower figure.

In value terms, exports of residential, commercial and industrial lighting fixture soared to $X in 2021. In general, total exports indicated a resilient expansion from 2012 to 2021: its value increased at an average annual rate of +5.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

The United States (X units) was the main destination for exports of residential, commercial and industrial lighting fixture from India, accounting for a 34% share of total exports. Moreover, exports of residential, commercial and industrial lighting fixture to the United States exceeded the volume sent to the second major destination, the United Arab Emirates (X units), threefold. The Netherlands (X units) ranked third in terms of total exports with a 12% share.

From 2012 to 2021, the average annual growth rate of volume to the United States totaled +9.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (+2.7% per year) and the Netherlands (+16.6% per year).

In value terms, the United States ($X) remains the key foreign market for residential, commercial and industrial lighting fixture exports from India, comprising 31% of total exports. The second position in the ranking was taken by the Netherlands ($X), with a 10% share of total exports. It was followed by France, with an 8.8% share.

From 2012 to 2021, the average annual rate of growth in terms of value to the United States totaled +13.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (+20.0% per year) and France (+7.9% per year).

Export Prices by Country

The average export price for residential, commercial and industrial lighting fixture stood at $X per unit in 2021, increasing by 8.9% against the previous year. Over the period under review, export price indicated a resilient expansion from 2012 to 2021: its price increased at an average annual rate of +5.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, export price for residential, commercial and industrial lighting fixture increased by +76.3% against 2016 indices. The pace of growth appeared the most rapid in 2017 an increase of 39% against the previous year. The export price peaked in 2021 and is likely to see gradual growth in the near future.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was Spain ($X per unit), while the average price for exports to the United Arab Emirates ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the United Arab Emirates (+4.6%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Residential, Commercial and Industrial Lighting Fixture

Imports into India

After five years of decline, supplies from abroad of residential, commercial and industrial lighting fixture increased by 16% to X units in 2021. Overall, imports, however, recorded a deep slump. The pace of growth was the most pronounced in 2015 when imports increased by 99% against the previous year. As a result, imports attained the peak of X units. From 2016 to 2021, the growth of imports of remained at a somewhat lower figure.

In value terms, imports of residential, commercial and industrial lighting fixture surged to $X in 2021. Over the period under review, imports, however, continue to indicate a deep downturn. The growth pace was the most rapid in 2015 when imports increased by 104%. As a result, imports attained the peak of $X. From 2016 to 2021, the growth of imports of remained at a somewhat lower figure.

Imports by Country

In 2021, China (X units) constituted the largest supplier of residential, commercial and industrial lighting fixture to India, accounting for a 69% share of total imports. Moreover, imports of residential, commercial and industrial lighting fixture from China exceeded the figures recorded by the second-largest supplier, Hong Kong SAR (X units), more than tenfold. The third position in this ranking was taken by Italy (X units), with a 5.6% share.

From 2012 to 2021, the average annual growth rate of volume from China amounted to -8.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Hong Kong SAR (+6.3% per year) and Italy (-5.8% per year).

In value terms, China ($X) constituted the largest supplier of residential, commercial and industrial lighting fixture to India, comprising 69% of total imports. The second position in the ranking was held by Hong Kong SAR ($X), with a 6.2% share of total imports. It was followed by Italy, with a 5.7% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China amounted to -7.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Hong Kong SAR (+8.5% per year) and Italy (-4.0% per year).

Import Prices by Country

In 2021, the average import price for residential, commercial and industrial lighting fixture amounted to $X per unit, increasing by 3% against the previous year. Over the last nine years, it increased at an average annual rate of +1.7%. The most prominent rate of growth was recorded in 2014 an increase of 11% against the previous year. Over the period under review, average import prices attained the peak figure in 2021 and is likely to continue growth in years to come.

Average prices varied noticeably amongst the major supplying countries. In 2021, amid the top importers, the countries with the highest prices were Hong Kong SAR ($X per unit) and Germany ($X per unit), while the price for China ($X per unit) and Italy ($X per unit) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Netherlands (+2.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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