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Avishkar


           The Team:
           Ankita Dhadavai
           Deepak Pant
           Nitish Raina
LED Lighting System
Our Objective:

 Developing a low power consumption
  lighting solution.

 Design lighting solution with
  aesthetic consideration.

 To provide best customer support service.
Key Features
                                               Value Propositions



Low power consumption lighting solution
 Get ready to save 80% of your electricity.

 LED lights use only fraction of the electricity compared to
  a traditional light.
Key Features
                                              Value Propositions

                    Long Product Life
 LED lights last 25 times longer than a traditional light.

 If you turned on an LED light today and left it on 24/7 it
  would stay lit for approximately five years.
Key Features
                                Value Propositions

                  Design and Control
 Compact size

 Better aesthetics design

 Control automation
Market
 The global LED lighting market is expected to grow from EUR 7 billion in 2010 to EUR 40
  billion in 2016 . The LED lighting market will amount to almost EUR 65 billion ($94 billion)
  by 2020, representing close to 60% of the total lighting market.


 The significant differences in LED technology versus other lighting technologies will
  lead to a fundamental disruption of the lighting industry along the entire value chain.


 Standard lighting approaches are being challenged by entirely new possibilities
  enabled by LEDs, such as design flexibility, or the ability to dynamically change the
  colour temperature of light.


 The controllability of LED-generated light enables intelligent lighting systems, and
  McKinsey estimates that the revenue from control-system components will reach
  EUR 7 billion in 2020.
Market
 While the rate of LED penetration in residential lighting is slower than in other general-
  lighting segments, the residential LED lighting market is likely to be worth over EUR 20
  billion by 2020.


 Architectural lighting has been an early adopter of LED lighting due to benefits such as
  colour control, and is expected to see 85% LED penetration by 2020. Rapid growth in LED
  penetration is also expected in hospitality-, shop- and outdoor-lighting applications.


 However, the proliferation of cost-competitive linear-fluorescent lamps in office and
  industrial lighting will mean that penetration of LEDs will be slower in these applications.


 In Asia, North America and Europe, the current LED share of the general-lighting market
  is similar, at around 7%, but in each case this is expected to grow to around 70% by
  2020. LED penetration will be slightly higher in Europe and North America than in Asia.
Partnership
Will look forward for tie-up with the following companies and people to grow our business



                                                    Texas Instruments
         OSRAM



   Edison
                                                         Local Builders
Experiment and Survey
                                                       For Value Propositions

Market research via Survey Monkey the question covered the following:

     Personal Information

     Current Monthly Electricity bill

       Current Lighting System used:
       Which type of lighting system is used?
       How important is Brand?
       How important are the technical features?
       How important is price of the product?
       How much does packaging of product affect customer?
       How important is aesthetic look or design of product?
Experiment and Survey
                                                    For Value Propositions
  Result
1. 98% people use CFl or Tube light.
2. 43.5% people are moderately satisfied by current lighting system.
3. 36.4% people go into technical details of lighting product.
4. 27.3% people buy any option available at nearest store.
5. 63.6% people strongly want their lighting device to be more efficient (less
power consuming).
6. 64.2% people want long life of their lighting fixture.
7. 78.6% people buy fixtures from local market.
8. 71.4% people want spend a little more and buy more durable and low power
consuming option.
9. 28.6% willing spend on product that justify the price with durability, technical
features, eco friendly features and good look.
10. 85.7% willing to save energy by using improved but costlier technology?
Conclusion
 As per the hypothesis carried out it has been observed that customer shows
  willingness to buy LED solutions if they are proven to be less energy consuming and
  there is better life of product.



 However designer + control automation(intelligent) lighting system to be
  target to different segment of customers.

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Venture Lab 2012_Value Proposition

  • 1. Avishkar The Team: Ankita Dhadavai Deepak Pant Nitish Raina
  • 2. LED Lighting System Our Objective:  Developing a low power consumption lighting solution.  Design lighting solution with aesthetic consideration.  To provide best customer support service.
  • 3. Key Features Value Propositions Low power consumption lighting solution  Get ready to save 80% of your electricity.  LED lights use only fraction of the electricity compared to a traditional light.
  • 4. Key Features Value Propositions Long Product Life  LED lights last 25 times longer than a traditional light.  If you turned on an LED light today and left it on 24/7 it would stay lit for approximately five years.
  • 5. Key Features Value Propositions Design and Control  Compact size  Better aesthetics design  Control automation
  • 6.
  • 7. Market  The global LED lighting market is expected to grow from EUR 7 billion in 2010 to EUR 40 billion in 2016 . The LED lighting market will amount to almost EUR 65 billion ($94 billion) by 2020, representing close to 60% of the total lighting market.  The significant differences in LED technology versus other lighting technologies will lead to a fundamental disruption of the lighting industry along the entire value chain.  Standard lighting approaches are being challenged by entirely new possibilities enabled by LEDs, such as design flexibility, or the ability to dynamically change the colour temperature of light.  The controllability of LED-generated light enables intelligent lighting systems, and McKinsey estimates that the revenue from control-system components will reach EUR 7 billion in 2020.
  • 8. Market  While the rate of LED penetration in residential lighting is slower than in other general- lighting segments, the residential LED lighting market is likely to be worth over EUR 20 billion by 2020.  Architectural lighting has been an early adopter of LED lighting due to benefits such as colour control, and is expected to see 85% LED penetration by 2020. Rapid growth in LED penetration is also expected in hospitality-, shop- and outdoor-lighting applications.  However, the proliferation of cost-competitive linear-fluorescent lamps in office and industrial lighting will mean that penetration of LEDs will be slower in these applications.  In Asia, North America and Europe, the current LED share of the general-lighting market is similar, at around 7%, but in each case this is expected to grow to around 70% by 2020. LED penetration will be slightly higher in Europe and North America than in Asia.
  • 9. Partnership Will look forward for tie-up with the following companies and people to grow our business Texas Instruments OSRAM Edison Local Builders
  • 10. Experiment and Survey For Value Propositions Market research via Survey Monkey the question covered the following:  Personal Information  Current Monthly Electricity bill  Current Lighting System used:  Which type of lighting system is used?  How important is Brand?  How important are the technical features?  How important is price of the product?  How much does packaging of product affect customer?  How important is aesthetic look or design of product?
  • 11. Experiment and Survey For Value Propositions Result 1. 98% people use CFl or Tube light. 2. 43.5% people are moderately satisfied by current lighting system. 3. 36.4% people go into technical details of lighting product. 4. 27.3% people buy any option available at nearest store. 5. 63.6% people strongly want their lighting device to be more efficient (less power consuming). 6. 64.2% people want long life of their lighting fixture. 7. 78.6% people buy fixtures from local market. 8. 71.4% people want spend a little more and buy more durable and low power consuming option. 9. 28.6% willing spend on product that justify the price with durability, technical features, eco friendly features and good look. 10. 85.7% willing to save energy by using improved but costlier technology?
  • 12. Conclusion  As per the hypothesis carried out it has been observed that customer shows willingness to buy LED solutions if they are proven to be less energy consuming and there is better life of product.  However designer + control automation(intelligent) lighting system to be target to different segment of customers.