Wipro Lighting (A Subsidiary of Wipro Limited), Signify Holding, and Inter Solar Systems Pvt. Ltd. were dominating the India Solar Lighting Market in 2021

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.

For instance:

  • In June 2021, Wipro Lighting and Enlighted signed a strategic partnership. Under this partnership, the company had to utilize the Internet of Things (IoT) solutions of Enlighted to innovate and produce solutions for solar farms, panels and commercial buildings for various customer segments. Through this step, the company is aiming to capture more market share in solar lightning and commercial lightning.

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

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.

For instance,

  • In April 2019, Wipro Lighting and Mapiq entered into a strategic partnership. Under this partnership, the company exceled in Internet of Lighting (IoL) with the help of Mapiq and integrated the same technology to save up to 85% lighting energy for consumers in products such as smart solar panels, smart LEDs solutions and sectors such as smart workspace. This has boosted the company presence in lightning solution for India region and boosted company revenue.

The company has presence across Europe, Americas, Asia-Pacific, and Middle East and Africa.

Signify Holding 

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.

For instance,

  • In October 2019, Signify acquired Cooper Lighting Solutions for USD 1.4 billion. This step allows the company to offer products at the competitive price and boost its market reachability in solar lightning across the globe, especially in growing countries. The company is planning to capture more market share in the solar lighting domain via this step.

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.

For instance,

  • In March 2019, Inter Solar Systems received ISO 14001: 2015 certification by Assure Quality Management Certification Services Pvt. Ltd. to design and manufacture solar photovoltaic module/panel, solar water heating systems, and assembly of solar light fabricated allied products for water systems. This enhanced the company’s reliability among its customers

The company has wide presence across India.