India Solar Lighting Market is expected to grow with a CAGR of 16.8% in the forecast period of 2022 to 2029. The years considered for study are as mentioned below.
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India solar lighting market is a highly consolidated market, which includes specific number of key players. The market has witnessed increased strategic developments owing to favourable market scenario.
The major players dealing in India solar lighting market are introducing strong range of products provider along with launching new products and adopting strategic initiative such as acquisition, agreement, business expansion, award and recognition into the market. This helped companies to maximize the sales with enhanced product portfolio.
Wipro Lighting (A Subsidiary of Wipro Limited) is the dominating player in India solar lighting market. The other key players existing in the market are 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, and Solex Energy Limited among others.
Wipro Lighting was founded in the year 1992, headquarter is in Maharashtra, India. The company provide with application-specific solutions through customized products for indoor and outdoor lightning. The company has several product categories which are indoor and outdoor in which outdoor is market focused category.
The company has presence across Europe, Americas, Asia-Pacific, and Middle East and Africa.
Signify Holding was founded in the year 2016 and is headquartered in North Brabant, Netherlands. The company is the world leader in lighting for professionals, consumers and lighting for the Internet of Things. Its energy efficient lighting products, systems and services enable their customers to enjoy a superior quality of light, and make businesses more productive and cities more livable. The company has business segments including digital solutions, digital products and conventional products in which digital products is the market focused segment. The company has several product categories including indoor luminaires, outdoor luminaires, led lamps & tubes, conventional lamps & tubes, in which outdoor luminaires are the market focused category.
The company has wide presence across Asia-Pacific, Europe, Middle East and Africa, South America and North America. The company has subsidiaries such as Cooper Lighting, LLC (U.S.), Signify North America Corporation (U.S.), Color Kinetics (U.S.), Signify Netherlands B.V. (Netherlands), Signify Holding B.V. (New Zealand) among others.
INTER SOLAR SYSTEMS PVT. LTD.
Inter Solar Systems Pvt. Ltd. was founded in the year 1997 and is headquartered in Chandigarh, India. The company is engaged in manufacturing and supplying of various solar lights such as solar street lights, solar garden lights, home solar lights and others. The company has product categories which are SPV module manufacturers, solar water heating system manufacturers, solar evacuated tube system, solar lighting system, solar heated swimming pool in which solar lighting system is market focused category.
The company has wide presence across India.
India Solar Lighting Market - Trends and Forecast to 2029