DUBLIN--(BUSINESS WIRE)--The "India Architectural Lighting Market - By Type (Traditional Lighting, LED Lighting and Others), By End Use (Residential, Commercial, Industrial and Others), By Region (North, West, South and East) : Opportunities and Forecast (2017-2022)" report has been added to ResearchAndMarkets.com's offering.
According to the report, the market in India is projected to display a robust growth represented by a CAGR of 5.78% by value during 2017-2022, chiefly driven by increase in disposable income in the country as well as rapidly growing urbanization.
Among the segments, traditional lighting products such as CFL, held the majority market share. However, LED based architectural lighting products are projected to witness fastest growth. Rising environmental awareness amongst the Indian consumers in addition to eroding prices of LEDs has been instrumental in driving the ample growth rate of LED products in the region.
Additionally, growing awareness regarding the benefits of energy efficient architectural lighting solutions has also been fuelling the growth in the market. Furthermore, younger consumers in the country are much more attuned to the trends in the global architectural lighting market and are thus demanding similar high end products but at a reasonable price. As a result, the architectural lighting manufacturers have been introducing an array of innovative yet economical products in the market, thereby, driving the regional growth.
Among the regions, North and South India together represents the largest regional market for India architectural lighting, chiefly driven by high per capita income as well as disposable income. The challenge that the architectural lighting market in India has been facing is the presence of extensive number of domestic and international players in the country, which has made the regional market highly competitive.
Key Topics Covered:
1. Research Methodology
2. Executive Summary
3. Strategic Recommendations
4. India Architectural Lighting Market: Product Outlook
5. India Architectural Lighting Market: Growth and Forecast
6. India Architectural Lighting Market: Segment Analysis
7. India Architectural Lighting Market: Regional Analysis
8. India Architectural Lighting Market Dynamics
9. India Architectural Lighting Market Trend
10. India Architectural Lighting Market: Production Analysis
11. Competitive Landscape
12. Company Profiles
- Philips Lighting India Limited
- Bajaj Electricals
- Osram India Limited
- Wipro Lighting
- Havells India Limited
For more information about this report visit https://www.researchandmarkets.com/research/qxj7rx/india?w=4