india solar lighting market

India Solar Lighting Market - Industry Trends and Forecast to 2029

  • Published Date: 2022-12-31
  • Report ID: 144060
  • Pages: 225
  • Format: prudent report format


Short Description

India Solar Lighting Market, By Components (Hardware, Software & Services), Light Source (LED, Others), Grid Type (Off-Grid, Hybrid), Capacity (5 Watt to 20 Watt, 20 Watt to 35 Watt, 35 Watt to 50 Watt, Less than 5 Watt, and Above 50 Watt), End Use (Highways & Roadways Lighting, Residential, Industrial, Commercial, Others), Application (Outdoor, Indoor), Installation Type (New, Retrofit), Sales Channel (Direct Sales, Wholesale/Retail, Online) Industry Trends and Forecast to 2029

Market Definition
A solar lighting system operates on electricity from batteries, charged through the use of solar photovoltaic panels. It is composed of a battery, solar panel, LED lamp, and charge controller. The working principle of the solar lighting system lies in the collection of solar energy and transforming it into lighting by using the photovoltaic effect which is being used in a photovoltaic panel and solar panel. The stored energy is collected in a rechargeable gel cell battery used later to produce lighting at night. The rapid infrastructure development in all sectors of India is pushing local solar light manufacturers to compete and deliver innovative solar lighting products at low prices to increase their presence in the market.
Market Segmentation
India solar lighting market is segmented into eight notable segments which are based on the components, light source, grid type, capacity, end use, application, installation type, and sales channel.
On the basis of the components, India solar lighting market is segmented into hardware and software & services
On the basis of the light source, India solar lighting market is segmented into LED and others
On the basis of the grid type, India solar lighting market is segmented into off-grid and hybrid
On the basis of the capacity, India solar lighting market is segmented into less than 5 watt, 5 watt to 20 watt, 20 watt to 35 watt, 35 watt to 50 watt and above 50 watt
On the basis of the end use, India solar lighting market is segmented into highways & roadways lighting, residential, commercial, industrial and others
On the basis of the applications, India solar lighting market is segmented into indoor and outdoor
On the basis of the installation type, India solar lighting market is segmented into new and retrofit
On the basis of the sales channel, India solar lighting market is segmented into direct sales, wholesales/retails and online
Market Players
The key market players in India solar lighting market are listed below:
Renesas Electronic Corporation
Steelhacks Industries
Wipro Limited
Signify Holding
Fevino Industries LLP
GautamSolar
UM Green Pvt. Ltd.
Systellar
Urja Global Limited
Iner Solar Systems
NESSA
Solmitra Power & Steel Pvt Ltd.
Easy Photovoltech Private Limited.
Sun World Solar Systems
Solex Energy Limited


TABLE OF CONTENTS
1 INTRODUCTION 11
1.1 OBJECTIVES OF THE STUDY 11
1.2 MARKET DEFINITION 11
1.3 OVERVIEW OF INDIA SOLAR LIGHTING MARKET 11
1.4 CURRENCY AND PRICING 13
1.5 LIMITATIONS 13
1.6 MARKETS COVERED 13
2 MARKET SEGMENTATION 16
2.1 MARKETS COVERED 16
2.2 YEARS CONSIDERED FOR THE STUDY 17
2.3 GEOGRAPHIC SCOPE 17
2.4 DBMR TRIPOD DATA VALIDATION MODEL 18
2.5 PRIMARY INTERVIEWS WITH KEY OPINION LEADERS 21
2.6 DBMR MARKET POSITION GRID 22
2.7 VENDOR SHARE ANALYSIS 23
2.8 MARKET END-USER COVERAGE GRID 24
2.9 MULTIVARIATE MODELLING 25
2.10 COMPONENTS CURVE 25
2.11 CHALLENGE MATRIX 26
2.12 SECONDARY SOURCES 27
2.13 ASSUMPTIONS 27
3 EXECUTIVE SUMMARY 28
4 PREMIUM INSIGHTS 31
4.1 PRICING ANALYSIS OF SOLAR LIGHTS IN INDIA 32
4.2 KEY INDUSTRY TRENDS 34
4.2.1 SMART SOLAR STREET AND ROADWAYS LIGHTING SYSTEMS 34
4.2.2 THE BATTERY INDUSTRY WILL BECOME MORE COMPETITIVE 34
4.3 APPLICATION OF MICROCONTROLLERS IN SOLAR LIGHTING 35
5 REGIONAL SUMMARY 37

6 MARKET OVERVIEW 38
6.1 DRIVERS 40
6.1.1 GROWING RENEWABLE ENERGY SECTOR 40
6.1.2 RISING INFRASTRUCTURE DEVELOPMENT 40
6.1.3 INCREASING NEED FOR ENERGY-EFFICIENT LIGHTING SYSTEMS 41
6.1.4 INCREASING USE OF SOLAR LANTERNS IN RURAL AREAS 41
6.2 RESTRAINT 42
6.2.1 HIGH DEPENDENCE ON CONVENTIONAL SOURCES OF ENERGY FOR ELECTRICITY GENERATION 42
6.3 OPPORTUNITIES 43
6.3.1 GROWING GOVERNMENT INITIATIVES FOR ALTERNATE SOURCES OF ENERGY 43
6.3.2 HIGH PRESENCE OF OFF-GRID POPULATION 44
6.3.3 RISE IN GROWTH OF LED TECHNOLOGY 45
6.4 CHALLENGE 45
6.4.1 HIGH COST OF SOLAR LIGHTING SYSTEM 45
7 IMPACT ANALYSIS OF COVID-19 ON THE INDIA SOLAR LIGHTING MARKET 47
7.1 ANALYSIS OF IMPACT OF COVID-19 ON THE MARKET 47
7.2 AFTERMATH OF COVID-19 AND GOVERNMENT INITIATIVE TO BOOST THE MARKET 47
7.3 STRATEGIC DECISIONS FOR MANUFACTURERS AFTER COVID-19 TO GAIN COMPETITIVE MARKET SHARE 47
7.4 IMPACT ON DEMAND 48
7.5 IMPACT ON SUPPLY CHAIN 48
7.6 IMPACT ON PRICE 48
7.7 CONCLUSION 48
8 INDIA SOLAR LIGHTING MARKET, BY COMPONENTS 49
8.1 OVERVIEW 50
8.2 HARDWARE 51
8.2.1 SOLAR/PV PANELS 51
8.2.2 LIGHTING FIXTURES 51
8.2.3 RECHARGEABLE BATTERY 51
8.2.4 MICROCONTROLLER 52
8.2.4.1 BY PINS 52
8.2.4.1.1 20 PINS TO 40 PINS 52
8.2.4.1.2 LESS THAN 20 PINS 52
8.2.4.1.3 MORE THAN 40 PINS 52

8.2.4.2 BY COMPONENTS 52
8.2.4.2.1 CPU 53
8.2.4.2.2 MEMORY 53
8.2.4.2.2.1 EMBEDDED MEMORY MICROCONTROLLER 53
8.2.4.2.2.2 EXTERNAL MEMORY MICROCONTROLLER 53
8.2.4.2.3 SERIAL PORTS 53
8.2.4.2.4 OTHERS 53
8.2.5 OTHERS 53
8.3 SOFTWARE & SERVICES 54
9 INDIA SOLAR LIGHTING MARKET, BY LIGHT SOURCE 55
9.1 OVERVIEW 56
9.2 LED 57
9.3 OTHERS 57
10 INDIA SOLAR LIGHTING MARKET, BY GRID TYPE 58
10.1 OVERVIEW 59
10.2 OFF-GRID 60
10.3 HYBRID 60
11 INDIA SOLAR LIGHTING MARKET, BY CAPACITY 61
11.1 OVERVIEW 62
11.2 5 WATT TO 20 WATT 63
11.3 20 WATT TO 35 WATT 63
11.4 35 WATT TO 50 WATT 63
11.5 LESS THAN 5 WATT 64
11.6 ABOVE 50 WATT 64
12 INDIA SOLAR LIGHTING MARKET, BY END USE 65
12.1 OVERVIEW 66
12.2 HIGHWAYS & ROADWAYS LIGHTING 67
12.2.1 NEW 67
12.2.2 RETROFIT 67
12.3 RESIDENTIAL 68
12.3.1 NEW 68
12.3.2 RETROFIT 68
12.4 INDUSTRIAL 68
12.4.1 NEW 69
12.4.2 RETROFIT 69
12.5 COMMERCIAL 69
12.5.1 NEW 70
12.5.2 RETROFIT 70
12.6 OTHERS 70
12.6.1 NEW 70
12.6.2 RETROFIT 70
13 INDIA SOLAR LIGHTING MARKET, BY APPLICATION 71
13.1 OVERVIEW 72
13.2 OUTDOOR 73
13.2.1 SOLAR STREET LIGHTS 74
13.2.2 SOLAR GARDEN LIGHTS 74
13.2.2.1 SOLAR LANTERNS 75
13.2.2.2 SOLAR LAWN LIGHTS 75
13.2.2.3 SOLAR FENCE LIGHTS 75
13.2.2.4 SOLAR STING LIGHTS 75
13.2.2.5 SOLAR SIGN LIGHTS 76
13.2.2.6 OTHERS 76
13.2.3 SOLAR TRAFFIC LIGHTS 76
13.2.4 SOLAR PARKING LOT LIGHTS 76
13.2.5 SOLAR EMERGENCY LIGHTS 76
13.2.6 OTHERS 76
13.3 INDOOR 76
13.3.1 SOLAR DECK LIGHTS 77
13.3.2 SOLAR SHED LIGHTS 77
14 INDIA SOLAR LIGHTING MARKET, BY INSTALLATION TYPE 78
14.1 OVERVIEW 79
14.2 NEW 80
14.3 RETROFIT 80
15 INDIA SOLAR LIGHTING MARKET, BY SALES CHANNEL 81
15.1 OVERVIEW 82
15.2 DIRECT SALES 83
15.3 WHOLESALE/RETAIL 83
15.4 ONLINE 84
16 INDIA SOLAR LIGHTING MARKET: COMPANY LANDSCAPE 85
16.1 COMPANY SHARE ANALYSIS: INDIA 85
17 SWOT ANALYSIS 86

18 COMPANY PROFILE 87
18.1 WIPRO LIGHTING (A SUBSIDIARY OF WIPRO LIMITED) 87
18.1.1 COMPANY SNAPSHOT 87
18.1.2 REVENUE ANALYSIS 87
18.1.3 PRODUCTS PORTFOLIO 88
18.1.4 RECENT DEVELOPMENTS 88
18.2 SIGNIFY HOLDING 89
18.2.1 COMPANY SNAPSHOT 89
18.2.2 REVENUE ANALYSIS 89
18.2.3 PRODUCTS PORTFOLIO 90
18.2.4 RECENT DEVELOPMENTS 91
18.3 INTER SOLAR SYSTEMS PVT. LTD. 92
18.3.1 COMPANY SNAPSHOT 92
18.3.2 PRODUCT PORTFOLIO 92
18.3.3 RECENT DEVELOPMENT 92
18.4 NESSA 93
18.4.1 COMPANY SNAPSHOT 93
18.4.2 PRODUCT PORTFOLIO 93
18.4.3 RECENT DEVELOPMENT 95
18.5 URJA GLOBAL LIMITED 96
18.5.1 COMPANY SNAPSHOT 96
18.5.2 REVENUE ANALYSIS 96
18.5.3 PRODUCT PORTFOLIO 97
18.5.4 RECENT DEVELOPMENT 97
18.6 EASY PHOTOVOLTECH PRIVATE LIMITED 98
18.6.1 COMPANY SNAPSHOT 98
18.6.2 PRODUCT PORTFOLIO 98
18.6.3 RECENT DEVELOPMENT 99
18.7 FEVINO INDUSTRIES LLP 100
18.7.1 COMPANY SNAPSHOT 100
18.7.2 PRODUCTS PORTFOLIO 100
18.7.3 RECENT DEVELOPMENT 101
18.8 GAUTAMSOLAR 102
18.8.1 COMPANY SNAPSHOT 102
18.8.2 PRODUCT PORTFOLIO 102
18.8.3 RECENT DEVELOPMENT 102

18.9 RENESAS ELECTRONIC CORPORATION 103
18.9.1 COMPANY SNAPSHOT 103
18.9.2 REVENUE ANALYSIS 103
18.9.3 PRODUCTS PORTFOLIO 104
18.9.4 RECENT DEVELOPMENTS 105
18.10 SOLEX ENERGY LIMITED 106
18.10.1 COMPANY SNAPSHOT 106
18.10.2 REVENUE ANALYSIS 106
18.10.3 PRODUCT PORTFOLIO 107
18.10.4 RECENT DEVELOPMENT 107
18.11 SOLMITRA POWER & STEEL PVT LTD. 108
18.11.1 COMPANY SNAPSHOT 108
18.11.2 PRODUCT PORTFOLIO 108
18.11.3 RECENT DEVELOPMENT 110
18.12 STEELHACK INDUSTRIES 111
18.12.1 COMPANY SNAPSHOT 111
18.12.2 PRODUCTS PORTFOLIO 111
18.12.3 RECENT DEVELOPMENT 111
18.13 SUN WORLD SOLAR SYSTEMS 112
18.13.1 COMPANY SNAPSHOT 112
18.13.2 PRODUCT PORTFOLIO 112
18.13.3 RECENT DEVELOPMENT 112
18.14 SYSTELLAR 113
18.14.1 COMPANY SNAPSHOT 113
18.14.2 PRODUCTS PORTFOLIO 113
18.14.3 RECENT DEVELOPMENT 113
18.15 UM GREEN PVT. LTD. 114
18.15.1 COMPANY SNAPSHOT 114
18.15.2 PRODUCTS PORTFOLIO 114
18.15.3 RECENT DEVELOPMENTS 115
19 QUESTIONNAIRE 116
20 RELATED REPORTS 120
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