India Solar Lighting Market - Industry Trends and Forecast to 2029

Description

List of Tables

India solar lighting market is projected to register a CAGR of 15.6% in the forecast period of 2022 to 2029.The new market report contains data for historic year 2020, the base year of calculation is 2021 and the forecast period is 2022 to 2029.

Market Segmentation:

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

Some of the major factors contributing to the growth of the India solar lighting market are:

Rising infrastructure development

Increasing need for energy-efficient lighting systems

Market Players

The key market players in India solar lighting market are listed below:

Wipro Lighting (A Subsidiary of Wipro Limited)

Renesas Electronic Corporation

Steelhacks Industries

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

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

LIST OF TABLES

TABLE 1 INDIA SOLAR LIGHTING MARKET, BY COMPONENTS, 2020-2029 (USD MILLION) 51
TABLE 2 INDIA HARDWARE IN SOLAR LIGHTING MARKET, BY TYPE, 2020-2029 (USD MILLION) 51
TABLE 3 INDIA MICROCONTROLLER IN SOLAR LIGHTING MARKET, BY PINS, 2020-2029 (USD MILLION) 52
TABLE 4 INDIA MICROCONTROLLER IN SOLAR LIGHTING MARKET, BY COMPONENTS, 2020-2029 (USD MILLION) 52
TABLE 5 INDIA MEMORY IN SOLAR LIGHTING MARKET, BY TYPE, 2020-2029 (USD MILLION) 53
TABLE 6 INDIA SOLAR LIGHTING MARKET, BY LIGHT SOURCE, 2020-2029 (USD MILLION) 57
TABLE 7 INDIA SOLAR LIGHTING MARKET, BY GRID TYPE, 2020-2029 (USD MILLION) 60
TABLE 8 INDIA SOLAR LIGHTING MARKET, BY CAPACITY, 2020-2029 (USD MILLION) 63
TABLE 9 INDIA SOLAR LIGHTING MARKET, BY END USE, 2020-2029 (USD MILLION) 67
TABLE 10 INDIA HIGHWAYS & ROADWAYS LIGHTING IN SOLAR LIGHTING MARKET, BY INSTALLATION TYPE, 2020-2029 (USD MILLION) 67
TABLE 11 INDIA RESIDENTIAL IN SOLAR LIGHTING MARKET, BY INSTALLATION TYPE, 2020-2029 (USD MILLION) 68
TABLE 12 INDIA INDUSTRIAL IN SOLAR LIGHTING MARKET, BY INSTALLATION TYPE, 2020-2029 (USD MILLION) 69
TABLE 13 INDIA COMMERCIAL IN SOLAR LIGHTING MARKET, BY INSTALLATION TYPE, 2020-2029 (USD MILLION) 69
TABLE 14 INDIA OTHERS IN SOLAR LIGHTING MARKET, BY INSTALLATION TYPE, 2020-2029 (USD MILLION) 70
TABLE 15 INDIA SOLAR LIGHTING MARKET, BY APPLICATION, 2020-2029 (USD MILLION) 73
TABLE 16 INDIA SOLAR LIGHTING MARKET, BY APPLICATION, 2020-2029 (UNITS) 73
TABLE 17 INDIA OUTDOOR IN SOLAR LIGHTING MARKET, BY TYPE, 2020-2029 (USD MILLION) 74
TABLE 18 INDIA OUTDOOR IN SOLAR LIGHTING MARKET, BY TYPE, 2020-2029 (UNITS) 74
TABLE 19 INDIA SOLAR GARDEN LIGHTS IN SOLAR LIGHTING MARKET, BY TYPE, 2020-2029 (USD MILLION) 75
TABLE 20 INDIA SOLAR GARDEN LIGHTS IN SOLAR LIGHTING MARKET, BY TYPE, 2020-2029 (UNITS) 75
TABLE 21 INDIA INDOOR IN SOLAR LIGHTING MARKET, BY TYPE, 2020-2029 (USD MILLION) 76
TABLE 22 INDIA INDOOR IN SOLAR LIGHTING MARKET, BY TYPE, 2020-2029 (UNITS) 77
TABLE 23 INDIA SOLAR LIGHTING MARKET, BY INSTALLATION TYPE, 2020-2029 (USD MILLION) 80
TABLE 24 INDIA SOLAR LIGHTING MARKET, BY SALES CHANNEL, 2020-2029 (USD MILLION) 83

LIST OF FIGURES

FIGURE 1 INDIA SOLAR LIGHTING MARKET: SEGMENTATION 16
FIGURE 2 INDIA SOLAR LIGHTING MARKET : DATA TRIANGULATION 18
FIGURE 3 INDIA SOLAR LIGHTING MARKET: DROC ANALYSIS 19
FIGURE 4 INDIA SOLAR LIGHTING MARKET: COUNTRY MARKET ANALYSIS 20
FIGURE 5 INDIA SOLAR LIGHTING MARKET: COMPANY RESEARCH ANALYSIS 20
FIGURE 6 INDIA SOLAR LIGHTING MARKET: INTERVIEW DEMOGRAPHICS 21
FIGURE 7 INDIA SOLAR LIGHTING MARKET: DBMR MARKET POSITION GRID 22
FIGURE 8 INDIA SOLAR LIGHTING MARKET: VENDOR SHARE ANALYSIS 23
FIGURE 9 INDIA SOLAR LIGHTING MARKET: MARKET END-USER COVERAGE GRID 24
FIGURE 10 INDIA SOLAR LIGHTING MARKET: CHALLENGE MATRIX 26
FIGURE 11 INDIA SOLAR LIGHTING MARKET: SEGMENTATION 30
FIGURE 12 RISING INFRASTRUCTURE DEVELOPMENT IS EXPECTED TO BE A KEY DRIVER THE MARKET FOR INDIA SOLAR LIGHTING MARKETIN THE FORECAST PERIOD OF 2021 TO 2029 31
FIGURE 13 HARDWARE SEGMENT IS EXPECTED TO ACCOUNT FOR THE LARGEST SHARE OF INDIA SOLAR LIGHTING MARKETIN 2022 & 2029 31
FIGURE 14 DRIVERS, RESTRAINT, OPPORTUNITIES, AND CHALLENGE OF INDIA SOLAR LIGHTING MARKET 39
FIGURE 15 TOTAL ENERGY SUPPLY, 2019 43
FIGURE 16 INDIA SOLAR LIGHTING MARKET: BY COMPONENTS, 2021 50
FIGURE 17 INDIA SOLAR LIGHTING MARKET: BY LIGHT SOURCE, 2021 56
FIGURE 18 INDIA SOLAR LIGHTING MARKET: BY GRID TYPE, 2021 59
FIGURE 19 INDIA SOLAR LIGHTING MARKET: BY CAPACITY, 2021 62
FIGURE 20 INDIA SOLAR LIGHTING MARKET: BY END USE, 2021 66
FIGURE 21 INDIA SOLAR LIGHTING MARKET: BY APPLICATION, 2021 72
FIGURE 22 INDIA SOLAR LIGHTING MARKET: BY INSTALLATION TYPE, 2021 79
FIGURE 23 INDIA SOLAR LIGHTING MARKET: BY SALES CHANNEL, 2021 82
FIGURE 24 INDIA SOLAR LIGHTING MARKET: COMPANY SHARE 2021 (%) 85