Frost Radar™: Indian Outdoor LED Lighting Market, 2020
Published on: 08-Oct-2020 | SKU: ES01168-SA-MR_24840

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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

Strategic Insights

Significance of Being on the Frost Radar™

Frost Radar™ Empowers the CEO’s Growth Team

Frost Radar™ Empowers Investors

Frost Radar™ Empowers Customers

Frost Radar™ Empowers the Board of Directors

Frost Radar™: Benchmarking Future Growth Potential

Frost Radar™: Benchmarking Future Growth Potential

Frost Radar™: Benchmarking Future Growth Potential

Legal Disclaimer

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.

  • Market Share (previous 3 years)
    This is a comparison of a company’s market share relative to its competitors in a given market space for the previous 3 years.
  • Revenue Growth (previous 3 years)
    This is a look at a company’s revenue growth rate for the previous 3 years in the market/industry/category that forms the context for the given Frost Radar™.
  • Growth Pipeline
    This is an evaluation of the strength and leverage of a company’s growth pipeline system to continuously capture, analyze, and prioritize its universe of growth opportunities.
  • Vision and Strategy
    This is an assessment of how well a company’s growth strategy is aligned with its vision. Are the investments that a company is making in new products and markets consistent with the stated vision?
  • Sales and Marketing
    This is a measure of the effectiveness of a company’s sales and marketing efforts in helping it drive demand and achieve its growth objectives.

Innovation Index

Innovation Index (II) is a measure of a company’s ability to develop products/ services/ solutions (with a clear understanding of disruptive Mega Trends) that are globally applicable, are able to evolve and expand to serve multiple markets and are aligned to customers’ changing needs.

  • INNOVATION SCALABILITY
    This determines whether an organization’s innovations are globally scalable and applicable in both developing and mature markets, and also in adjacent and non-adjacent industry verticals.
  • RESEARCH AND DEVELOPMENT
    This is a measure of the efficacy of a company’s R&D strategy, as determined by the size of its R&D investment and how it feeds the innovation pipeline.
  • PRODUCT PORTFOLIO
    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
    This evaluates the applicability of a company’s products/services/solutions to current and potential customers, as well as how its innovation strategy is influenced by evolving customer needs.

Significance of Being on the Frost Radar™

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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Impacting your company's future growth potential.

The governments 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. Indias 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 industrys 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 Indias 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
More Information
Deliverable Type Frost Radar
No Index No
Podcast No
Author Manu Tiwari
Industries Electronics and Sensors
WIP Number PB27-01-00-00-00
Is Prebook No
GPS Codes 9200-A3,9592

Frost Radar™: Indian Outdoor LED Lighting Market, 2020

Electronics and SensorsFrost Radar™: Indian Outdoor LED Lighting Market, 2020

A Benchmarking System to Spark Companies to Action - Innovation That Fuels New Deal Flow and Growth Pipelines

RELEASE DATE
08-Oct-2020
REGION
South Asia, Middle East & North Africa
Deliverable Type
Frost Radar
Research Code: PB27-01-00-00-00
SKU: ES01168-SA-MR_24840
AvailableYesPDF Download
$4,950.00
In stock
SKU
ES01168-SA-MR_24840