Wednesday, August 17, 2022

Epson Retains No.1 Position In The Indian Projector Market In Q1 Of FY2022

Epson, the world leader in digital imaging and printing solutions announced that it has retained its No. 1 position in the Indian Projector market for FY22 Q1 (April 2022 ~ June 2022). As per the latest report by Futuresource Consulting, Epson has captured a market share of 40.52%, selling 16,231 projectors in the country during the quarter. Epson clocked a strong growth of 54.61% over the previous quarter.

Epson was also India’s No.1 projector brand in FY2021-22 with a market share of 25.46% and has been the market leader for the last seven years. After witnessing a slowdown in the last financial year, the market is witnessing a strong rebound with demand from education & corporate segments as students return to classrooms and offices return to a level of normalcy. The home projector space is also witnessing strong growth as more consumers look to elevate their viewing and entertainment experience at home.

Commenting on the announcement, Mr. Harish A K, Senior General Manager - Visual Products, Epson India, said “Demand for projectors has gone up exponentially in the last few months. Education institutions and corporates are rushing to invest in classroom and meeting room technology after a lull caused by Covid. At Epson, we are thrilled to retain our no.1 position in the first quarter of FY21 and expect our growth momentum to continue. We are recognized the world over for our ability to provide an unmatched visual experience and our customers appreciate this.”

Epson attributes its success to its proprietary 3LCD technology which delivers vibrant and true-to-life images with up to 3 times higher colour brightness and a higher colour gamut. Coupled with high-quality performance, innovative features and technology advancements, Epson's most recent projectors elevate the user experience with 3LCD Reflective Laser technology and 4K for state-of-the-art home theatre projectors.

About Epson

Epson is a global technology leader dedicated to co-creating sustainability and enriching communities by leveraging its efficient, compact, and precision technologies and digital technologies to connect people, things, and information. The company is focused on solving societal issues through innovations in home and office printing, commercial and industrial printing, manufacturing, visual and lifestyle. Epson will become carbon negative and eliminate the use of exhaustible underground resources such as oil and metal by 2050.

Led by the Japan-based Seiko Epson Corporation, the worldwide Epson Group generates annual sales of around JPY 1 trillion.

About Epson India

Epson India Pvt. Ltd. was incorporated in the year 2000. Epson products address the needs of homes, businesses and commercial enterprises as those of consumers with specialized needs in India. With a commitment to providing products and services that surpass people’s expectations, Epson India today has an enviable reputation for quality and value. Headquartered in Bangalore, the company markets and supports Epson Inkjet Printers, Inkjet All-in-Ones, Point of Sale Printers, 3LCD Projectors, Scanners, Large Format Printers, Robots and Dot-Matrix Printers. In all of these categories, Epson is either the No. 1 or No. 2 brand in India and growing fast.

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