The government’s commitment to create smarter and safer cities is transforming India. Nation-wide initiatives to replace compact fluorescent lamp (CFL) lighting with energy-efficient LED products are well underway, but the outdoor lighting segment still holds major opportunity. For instance, outdoor LED solutions can be up-scaled to function as data monitoring and collection points—an Internet of Things (IoT) connectivity feature essential to smart city operations.
India’s infrastructural development roadmap creates room for companies to offer LED solutions that deliver a fast return on investment (RoI), affordability, energy savings, scalability, reliability, high performance, and technology adaptation, such as integration with wireless light-fidelity (Li-Fi) solutions designed to transmit data through light waves.
Two main challenges at this juncture are the LED lighting industry’s current reliance on sub-standard imported products and the lack of an LED lighting component ecosystem. The issues are compounded by environmental factors such as high temperatures and frequent power surges that create the need for frequent product up-gradation.
Government-sponsored schemes such as Energy Efficiency Services Limited (EESL) and Make in India have boosted domestic manufacturing, which will drive export activity in the mid-term. Currently, however, domestic original equipment manufacturers (OEMs) are facing high production costs and stiff competition from Tier II players.
The Frost Radar™ reveals the market positioning of companies in an industry using their Growth and Innovation scores as highlighted in the Frost Radar™ methodology. The document presents competitive profiles on each of the companies in the Frost Radar™ based on their strengths, opportunities, and a small discussion on their positioning. Frost & Sullivan analyzes hundreds of companies in the industry and benchmarks them across 10 criteria on the Frost Radar™, where the leading companies in the industry are then positioned. Industry leaders on both the Growth and Innovation indices are recognized as best practice recipients.
Companies competing to serve the growing outdoor LED lighting market must consider India’s rising demand from smart city project solutions tied to the infrastructure, commercial, and government sectors. They must also understand the need to form technology partnerships and an extended distribution network to gain market-wide access.
Author: Manu Tiwari

Strategic Imperative
Growth Environment
Growth Environment (continued)
Frost Radar™: Indian Outdoor LED Market
Frost Radar™: Competitive Environment
Frost Radar™: Competitive Environment (continued)
Bajaj Electricals Limited
CG Power and Industrial Solutions Ltd.
Eveready Industries India Limited
Halonix Technologies Private Limited
Havells India Limited
Orient Electric Limited
OSRAM India Private Limited
Signify Innovation India Limited
Surya Roshni Limited
Syska LED Lights Private Limited
Wipro Lighting Limited
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Frost Radar™: Benchmarking Future Growth Potential
Frost Radar™: Benchmarking Future Growth Potential
Frost Radar™: Benchmarking Future Growth Potential
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Frost Radar™: Benchmarking Future Growth Potential 2 Major Indices, 10 Analytical Ingredients, 1 Platform
Growth Index
Growth Index (GI) is a measure of a company’s growth performance and track record, along with its ability to develop and execute a fully aligned growth strategy and vision; a robust growth pipeline system; and effective market, competitor, and end-user focused sales and marketing strategies.
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Innovation Index
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This is a measure of a company’s product portfolio, focusing on the relative contribution of new products to its annual revenue. - MEGATRENDS LEVERAGE
This is an assessment of a company’s proactive leverage of evolving, long-term opportunities and new business models, as the foundation of its innovation pipeline. - CUSTOMER ALIGNMENT
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Companies plotted on the Frost RadarTM are the leaders in the industry for growth, innovation, or both. They are instrumental in advancing the industry into the future.
- GROWTH POTENTIAL
Your organization has significant future growth potential, which makes it a Company to Action. - BEST PRACTICES
Your organization is well positioned to shape Growth Pipeline™ best practices in your industry. - COMPETITIVE INTENSITY
Your organization is one of the key drivers of competitive intensity in the growth environment. - CUSTOMER VALUE
Your organization has demonstrated the ability to significantly enhance its customer value proposition. - PARTNER POTENTIAL
Your organization is top of mind for customers, investors, value chain partners, and future talent as a significant value provider.
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| Deliverable Type | Frost Radar |
|---|---|
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| Author | Manu Tiwari |
| Industries | Electronics and Sensors |
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Frost Radar™: Indian Outdoor LED Lighting Market, 2020
A Benchmarking System to Spark Companies to Action - Innovation That Fuels New Deal Flow and Growth Pipelines
08-Oct-2020
South Asia, Middle East & North Africa
Frost Radar
