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CONSUMER&
BRANDBrandKPIs
for
smart
home:
TataPower
Solar
Systems
in
IndiaConsumer
Insights
reportNovember2024Discover
your
Brand
KPI
scores.
Benchmark
against
competitors
and
measureyour
brand’s
marketimpactIntroduction:
studydetailsThe
reportMethodologyThisreport
hasbeen
created
usingthe
datafromStatista’sConsumer
InsightsBrand
KPIs.Thereportprovides
you
with
key
consumer
insightsandbenchmarks
forabrand’sperformance
againsttheindustryoverall
and
theircompetitors.Design:OnlineSurveyDuration:
approx.
15
minutesLanguage:official
language(s)
ofeach
country
withAmerican
Englishoffered
asanalternativeRegions:Brazil,Germany,
India,
Mexico,
U.S.
and
UKNumberofrespondents:approx.
3750Ourdataallows
you
tomeasure
each
brand’spositioninthe
market
bycreating
aprofile
usingStatista’s5key
performance
indicators.
Which
are:
awareness,popularity,usage,loyalty,and
media
buzz.Sample:
Internet
users,
aged18
-64,
quotasset
ongender
and
ageThisreport
is
basedon
TataPower
SolarSystems’performance
inthe
smart
home
market.Fieldwork:July-August2024Ifyou
would
liketofind
out
more
abouttheConsumerInsightsatStatista
or
theBrandProfiler,
please
clickthe
linkbelow.2Notes:Sources:
Statista
Consumer
Insights
Global,
asofNovember202471%
of
Tata
Power
Solar
Systems
users
display
loyalty
towards
the
brandIntroduction:
key
insightsWhodoesthebrandappeal
to?How
doesthebrandperform
inthemarket?•Tata
Power
SolarSystems’
brandingresonates
more•Tata
Power
SolarSystems
ranksfifthinawarenesswith
Gen
Xwithin
the
smart
home
market•Tata
Power
SolarSystems
generally
appealstomen•Thepopularity
ratingof
Tata
Power
Solar
Systems
ismore
than
women39%•Among
Tata
Power
Solar
Systems
enthusiasts,40%•Tata
Power
SolarSystems
ranksoutside
the
Top
10
infallunderthe
high-income
categoryusage•Consumers
want
theirsmart
home
brandstohave•In
terms
of
loyalty,TataPower
SolarSystems
ishonesty
/trustworthiness,
authenticity,andcoolnessoutsidetheTop10
inIndia•Tata
Power
SolarSystems
hasascore
of29%
formedia
buzz3Sources:
Statista
Consumer
Insights
Global,
asofNovember2024CHAPTER
01Brand
profileInthissection,
we
show
the
demographics
and
attitudesof
consumers
who
saytheylikethisbrandversus
the
share
ofindustryusers.
Thechapteraimsto
bringclarity
tocompanies
who
want
to
know
whotheirbrandingiscurrently
appealingtoand
what
theythinkaboutthe
industry.4Awarenessis
the
highest
scoring
KPI
for
Tata
Power
Solar
Systems
at
91%Brand
profile:
snapshotBrand
performance
of
Tata
Power
Solar
Systems
inIndia91%71%39%29%23%AwarenessPopularityUsageLoyaltyBuzz5Notes:Smarthome
‘awareness’,‘popularity’,
‘usage’,‘loyalty’
and
‘buzz’
by
brand;
Multi
pick;
Base:
n=1,249,
all
respondents
(awareness),
n=1,141,
respondents
who
know
the
individual
brand(popularity),
n=1,141,
respondents
whoknow
the
individual
brand(usage),
n=261,
respondents
who
have
used
the
individual
brand
(loyalty),
n=1,141,
respondents
who
know
the
individual
brand(buzz)Sources:
Statista
Consumer
Insights
Global,
asofNovember2024Tata
Power
Solar
Systems’
branding
resonates
more
with
Gen
XBrand
profile:
consumer
demographics
(1/3)Measuring
attitudesand
opinions
among
generationshelpsidentifyyourtarget
audience
foryournextcampaigns.Share
ofgenerations46%45%42%41%Withthatinmind,when
looking
atthe
shareofconsumers
who
likeTataPower
SolarSystems
bygeneration
versustheshareof
industryusers
ingeneral,
we
cansee
thatTata
Power
SolarSystems
isliked
by0%
of
Babyboomers
and
14%
of
Gen
Xers,whereas
the
totalshare
ofindustryusers
is0%
and12%,
respectively.14%ForMillennials
andGen
Z,
41%
and
45%
feel
positivelytowards
TataPower
SolarSystems,
versus
42%
and46%.
Socurrently,
forTata
Power
Solar
Systems,
Gen
Xconnects
most
with
theirbrandcompared
totheoverall
industryuser.12%0%
0%Gen
ZMillennialsGen
XBaby
BoomerBrand
enthusiastIndustryuser6Notes:“How
oldareyou?”;Single
Pick;“When
it
comestosmarthome,
which
ofthe
following
brands
do
youlike?”;
Multi
Pick;
Base:
n=444,
Tata
PowerSolarSystems
enthusiast,
n=1,153,
smarthome
usersSources:
Statista
Consumer
Insights
Global,
asofNovember2024Tata
Power
Solar
Systems
generally
appeals
to
men
more
than
womenBrand
profile:
consumer
demographics
(2/3)GenderTheGender
splitbetween
brandenthusiastsof
TataPower
SolarSystemsshows
thatwomen
areless
likely
tohaveanaffinity
with
the
brandcompared
tomen.LGBTQIA+statusUnderstanding
and
respecting
thediverse
needsandidentitiesof14%consumers
is
becoming
more
and
moreimportant,notjustfrom
asensitivitypointof
view,
but
also
fromrecognizingpotential
businessopportunities
thatcome
withinclusivity
and
diversity.
Andcurrently,
Tata
Power
SolarSystems
hasalower
proportion
of
LGBTQIA+consumers
when
compared
totheindustryusers
ingeneral.17%78%38%62%41%59%62%
ofmen
likeTataPower
SolarSystems
compared
to
38%
of
women,whereas
forthe
overall
industry,59%
ofmen
usesmart
home
compared
to41%of
women.81%14%
ofTataPower
Solar
Systemsenthusiastsconsider
themselves
to
bepartof
the
LGBTQIA+
communitycompared
to
17%
among
industryusersoverall.Brand
enthusiastFemaleIndustryuserMaleBrand
enthusiastIndustryuserNot
givenYesNo7Notes:“What
is
yourgender?”;Single
Pick;“Doyouconsider
yourself
partofthe
LGBTQ+community?”;
Single
Pick;
“When
it
comes
to
smarthome,
which
ofthe
following
brands
do
youlike?”;Multi
Pick;
Base:
n=444,
Tata
PowerSolarSystems
enthusiast,
n=1,153,
smarthome
usersSources:
Statista
Consumer
Insights
Global,
asofNovember2024Among
Tata
Power
Solar
Systems
enthusiasts,
40%
fall
under
the
high-incomecategoryBrand
profile:
consumer
demographics
(3/3)HouseholdincomeThegraphillustratestheannualhousehold
income
distribution
amongenthusiastsof
thebrand
anduserswithin
the
industry.HouseholdtypeThechartshows
thehousehold
type,takinginto
account
factorssuchashousehold
size,
familystructure,
andthe
number
ofchildren.2%3%Single38%40%6%7%CoupleSingleparentNuclear40%
ofTataPower
Solar
Systemsenthusiastsare
from
high-incomehouseholds.TataPower
SolarSystems’
brandisgenerally
enjoyed
more
byconsumerswho
arepartof
amulti-generationalhousehold,
31%
ofTataPower
SolarSystems
enthusiastshavethiscurrentlivingsituation.2%4%23%22%31%31%32%Multi-generational31%27%32%34%ExtendedOther28%3%2%Brand
enthusiastIndustryuserLowHighMediumBrand
enthusiastIndustryuser8Notes:Recode
based
on’’Monthly/annual
household
income
(local
currency)’’;Single
Pick;Typology
basedon
’’household
size’’,
’’household
constellation’’
and
’’children
under
the
ageof14
in
household’’;
Single
Pick;“When
it
comesto
smarthome,which
ofthe
following
brands
do
you
like?”;Multi
Pick;Base:
n=444,
TataPowerSolarSystems
enthusiast,
n=1,153,
smarthome
usersSources:
Statista
Consumer
Insights
Global,
asofNovember2024Consumers
want
their
smart
home
brands
to
have
honesty
/
trustworthiness,authenticity,
and
coolnessBrand
profile:
qualitiesQualitiesuserswant
from
smart
homebrandsForsmart
home,
the
topthree
qualitiesusers
wantfrom
abrandarehonesty
/trustworthiness,
authenticity,andcoolness.Authenticity80%Thrill/ExcitementSustainabilityBoldnessCleverness60%40%20%0%TataPower
SolarSystems
users
alsoappreciate
these
key
attributes,indicating
TataPower
Solar
Systemsexudes
thesequalities.SocialCoolnessresponsibilityThequalitiesthatTata
Power
SolarSystems
enthusiastsare
least
focusedon
areinclusiveness
and
thrill/excitement.ReliabilityExclusivityInnovationInclusivenessFriendlinessTataPower
SolarSystems
should
workon
promoting
reliability
toconvertenthusiastsintoowners.HighvalueHonesty/trustworthinessIndustryuserBrandenthusiastBrandowner9Notes:“When
it
comesto
smarthome,which
ofthese
aspects
are
mostimportant
to
you?”;Multi
Pick;
“When
it
comes
tosmarthome,
which
ofthe
following
brands
do
youlike?”;Multi
Pick;
“When
it
comes
tosmarthome,
which
ofthe
following
brands
have
youused
in
the
past12
months?”;
Multi
Pick;Base:
n=261,
TataPowerSolarSystems
users’,n=444,TataPowerSolarSystems
enthusiast,
n=1,153,
smarthome
usersSources:
Statista
Consumer
Insights
Global,
asofNovember2024Among
Tata
Power
Solar
Systems
fans,
59%
state
that
they
get
excited
aboutsmart
home
productsBrand
profile:
attitudesWhat
doconsumersthink
ofsmart
home
ingeneral?59%55%49%49%47%47%44%42%41%39%38%32%Sustainability
is
Ivaluealow
priceimportant
to
me
over
highqualityIamwellinformedIrely
onbrandsIknow
and
trustIget
excitedaboutsmarthome
productsIliketotalkabouttopicsrelating
tosmart
homeBrand
enthusiastIndustryuser10
Notes:“Which
ofthese
statements
about
smarthome
do
youagreewith?”;
Multi
Pick;“When
it
comesto
smarthome,which
ofthe
following
brands
do
youlike?”;Multi
Pick;Base:
n=444,
TataPowerSolarSystems
enthusiast,n=1,153,
smarthome
usersSources:
Statista
Consumer
Insights
Global,
asofNovember2024CHAPTER
02Brand
KPIs
&
benchmarkingInthischapter,youcansee
howabrandperforms
againsttheirmaincompetitors
inthe
marketplace.Thissection
allows
benchmarking
ofthekey
performance
indicatorsfrom
the
brandprofile
againsttheindustryasawhole
andotherindustryleaders.1171%
of
Tata
Power
Solar
Systems
users
display
loyalty
towards
the
brandBrand
KPIs
&benchmarking:
IndustrycomparisonBrand
performanceWhen
itcomes
to
smart
home,
the
average
awarenessof
abrand
inIndiais77%.
Awareness
ofTataPowerSolarSystems,
however,
isat91%.Awareness39%
ofIndiansmart
home
users
saytheylikeTataPower
Solar
Systems,
compared
toanindustryaverage
brand
popularity
of39%.23%
ofindustryusers
inIndiasaythey
useTata
PowerSolarSystems,
with
theaverage
usageof
abrand
at28%.BuzzPopularity71%
ofbrandusers
saythey
would
usethe
brandagain,compared
toanaverage
loyalty
score
of
72%.TataPower
SolarSystems
hasbeen
noticed
less
inthemedia
compared
tootherbrands,with
a“Buzz”scoreof
28%
compared
to35%.LoyaltyBrandUsageIndustryaverageSooverall,
the
results
showtheir
performance
tobeinconsistent
compared
to
theindustry.12
Notes:Smarthome
‘awareness’,‘popularity’,
‘usage’,‘loyalty’
and
‘buzz’
by
brand;
Multi
pick;
Base:
n=1,249,
all
respondents
(awareness),
n=1,141,
respondents
who
know
the
individual
brand(popularity),
n=1,141,
respondents
whoknow
the
individual
brand(usage),
n=261,
respondents
who
have
used
the
individual
brand
(loyalty),
n=1,141,
respondents
who
know
the
individual
brand(buzz)Sources:
Statista
Consumer
Insights
Global,
asofNovember2024Tata
Power
Solar
Systems
ranks
fifth
in
awareness
within
the
smart
homemarketBrand
KPIs
&benchmarking:
awarenessSummaryAwarenessofTata
Power
Solar
SystemsRank#
BrandAwareness
%Driving
recognition
will
lead
to
growing
yourcustomerbaseand
measuring
brandawareness
isakeycomponent
toachieve
this.Withthisscore,
you
cangaugethe
current
market
presence
ofabrand,understandthebrand’svisibility,competitiveness,
andrecognition
among
theirtarget
audience.
Further
tothis,itisaperfect
way
toassess
yourcurrentmarketing
strategies.9%1SamsungLG98%97%95%94%91%88%85%80%79%77%23Xiaomi4Havells5Tata
Power
SolarSystemsGoogle
NestWiproUsingtheconcept
of
aided
brand
recognition,
showingrespondents
both
the
brand’slogo
andthe
writtenbrandname,we
asked:
“Doyou
know
thisbrand,
evenifonly
byname?”.678Philips
HueSyskaOutofallrespondents,
91%
were
aware
of
Tata
PowerSolarSystems.
Thisranksthemfifth
compared
toother
brandssurveyed
inthismarket.91%9AwarenessN/A10Anchor13
Notes:“Doyouknow
this
brand,
evenif
only
by
name?”;Multi
Pick;
Base:
n=1,249,
all
respondents
(awareness)Sources:
Statista
Consumer
Insights
Global,
asofNovember2024The
popularity
rating
of
Tata
Power
Solar
Systemsis
39%Brand
KPIs
&benchmarking:
popularitySummaryPopularity
ofTata
Power
Solar
SystemsRank#
BrandPopularity%ThepopularityKPIisagreat
indicatorof
brandperception
among
current
andpotentialfuturecustomers.
Thesocial
proof
provided
byahigh
scorecansignifyhow
trustworthy
abrandisandinfluenceconsumer
engagement.
Brandswith
alarge
engagedfollowing
canoften
enjoy
higherlevels
of
advocacyandloyalty.1SamsungHavells64%59%56%44%44%40%39%39%39%34%23LG39%4Google
NestPhilips
HueSyskaOutofconsumers
who
knew
thebrand,
39%
saidtheyliked
TataPower
SolarSystems.
Thisranksthemeighthcompared
to
other
brandssurveyed
inthismarket.5661%7Anchor8Tata
Power
SolarSystemsWipro9PopularityN/A10Xiaomi14
Notes:“When
it
comesto
smarthome,which
ofthe
following
brands
do
youlike?”;Multi
Pick;Base:
n=1,141,
respondents
who
know
the
individual
brand
(popularity)Sources:
Statista
Consumer
Insights
Global,
asofNovember2024Tata
Power
Solar
Systems
ranks
outside
the
Top
10
in
usageBrand
KPIs
&benchmarking:
usageSummaryUsage
ofTata
Power
Solar
SystemsRank#
BrandUsage
%50%Afterpopularity,we
want
tocover
thevalueactiongapsotounderstandifthe
brandwas
alsobeing
used,weasked
each
respondent:
“When
itcomes
to
smarthome,
which
of
the
following
brandshaveyouused
inthe
past12
months?”.1SamsungHavellsLG23%246%344%Outofconsumers
who
knew
thebrand,
23%
saidtheyused
Tata
Power
SolarSystems.
ThisranksthemoutsidetheTop10
compared
to
other
brandssurveyed
inthismarket.4AnchorSyska31%529%6Google
NestPhilips
HueD-Link29%728%77%828%9XiaomiWipro26%UsageN/A1024%15
Notes:“When
it
comesto
smarthome,which
ofthe
following
brands
have
you
used
in
the
past12
months?”;
Multi
Pick;Base:
n=1,141,respondents
who
know
the
individual
brandSources:
Statista
Consumer
Insights
Global,
asofNovember2024In
terms
of
loyalty,
Tata
Power
Solar
Systemsis
outside
the
Top
10
in
IndiaBrand
KPIs
&benchmarking:
loyaltySummaryLoyalty
ofTata
Power
Solar
Systems’
consumersRank#
BrandLoyalty
%86%Afterascertaining
the
usageof
abrandinthe
last12months,the
next
most
important
indicatorisbrandloyalty.
Thisscore
allows
ustoestablish
whether
abrandisperforming
well
inregard
to
customerretention.
Measuring
brandloyalty
establishes
aclearfeedback
loop
with
customers,
providing
valuableinsightsinto
customer
satisfaction
and
preferences.
Itisalso
apowerful
predictor
to
help
guide
marketingstrategies
andforecast
futuresalesandrevenue
moreaccurately.1SamsungAnchorHavellsGoogle
NestWipro278%29%377%476%575%6Syska74%Tomeasure
the
loyalty
of
theseconsumers
we
askeach
respondent:
“When
itcomes
to
smart
home,which
of
the
following
brandsareyou
likely
touseagaininthe
future?”.7Philips
HueXiaomi74%71%873%9SiemensLG72%Outofrespondents
whohaveused
TataPower
SolarSystems,
71%
saidthey
would
usethebrand
again.LoyaltyN/A1072%16
Notes:“When
it
comesto
smarthome,which
ofthe
following
brands
areyoulikely
touse
againin
the
future?”;
Multi
Pick;Base:
n=261,
respondents
who
have
used
the
individual
brand
(loyalty)Sources:
Statista
Consumer
Insights
Global,
asofNovember2024Tata
Power
Solar
Systems
has
a
score
of
29%
for
media
buzzBrand
KPIs
&benchmarking:
buzzSummaryBuzzofTata
Power
Solar
SystemsRank#
BrandBuzz%55%Isthebrand
hot
or
not?Isitcausingastirinthemediaandonline,tofind
thisoutwe
asked
each
respondent:“Whichof
the
following
brandshaveyounoticed
inthemedia,on
social
media,or
inadvertising
inthepast3months?”.1HavellsSamsungLG255%29%350%Outofconsumers
who
knew
thebrand,
29%
saidtheyhadheardaboutTataPower
Solar
Systems
inthemedia.
This
ranksthemoutsidetheTop10
comparedtootherbrandssurveyed
inthismarket.4Google
NestAnchorPhilips
HueSyska41%537%636%734%71%8D-Link31%9L&T31%BuzzN/A10Xiaomi30%17
Notes:“Which
ofthe
following
brands
have
younoticed
in
the
media,
onsocial
media,
orin
advertising
in
the
past3months?”;
Multi
Pick;
Base:
n=1,141,
respondents
who
know
the
individual
brand
(Buzz)Sources:
Statista
Consumer
Insights
Global,
asofNovember2024STATISTACONSUMER
INSIGHTSUnderstand
what
drivesconsumersGainabetterunderstandingofconsumers,brands,andmarkets.Withthe
Statista
Consumer
Insights,
youget
access
tostreamlinedmarketresearchtoolsandallresultsofthe
exclusiveStatista
surveys.
Leverage
consumerinsight
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