The market is poised for robust growth due to:
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Continued LED penetration across sectors
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Smart city and green building developments
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IoT-based lighting solutions
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Growing demand for customized and intelligent lighting systems
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Expansion into rural and semi-urban markets
As per Expert Market Research India Lighting Market Overview
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2024 Market Size: USD 3.79 billion
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2034 Projected Market Size: Around USD 9.65 billion
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CAGR (2025–2034): 9.80%