Light emitting diodes (LEDs) are fast emerging the lighting technology of the future in the Indian lighting market. LEDs' outstanding energy efficiency (40 to 60 percent more than conventional lighting technologies), lesser maintenance costs, and eco friendliness have popularized them among outdoor and indoor lighting applications.
New analysis from Frost & Sullivan (semiconductors.frost.com), Indian LED Lighting Market, finds that LED lighting has been blazing a trail through the Indian lighting market over the last few years, rapidly displacing many conventional technologies such as incandescent, high intensity discharge (HID), and fluorescent lighting.
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Unlike heat-emissive light sources such as incandescent bulbs, LEDs produce heat but do not dissipate it, making them one of the greenest and coolest light sources available.
"The Government of India has been making efforts to boost energy-efficient lighting technologies by choosing to adopt LEDs for street lighting in key cities and for architectural lighting for national monuments," says Frost & Sullivan Research Analyst Harish Natesan. "The Ministry for Renewable Energy (MNRE) and the Bureau of Energy Efficiency (BEE) have also been driving initiatives such as distribution of solar LED lanterns in villages to promote energy-efficient lighting."
As LEDs are the most miniature light sources available, they can be custom designed for the application they cater to. For example, LED strips can be used in signage and luminaires for indoor and street lighting, while miniature LED flashes can be used in cell phones. This flexibility helps lighting companies produce more lighting designs with LEDs than with any other lighting technology.
Street lighting and outdoor lighting applications provide a plethora of opportunities for LED lighting due to its quicker return of investment (ROI). In outdoor applications, an ROI can be achieved in two to three years, whereas in indoor applications, the ROI takes four to five years. Furthermore, LEDs also have a lower total ownership cost than competing lighting technologies and a longer lifetime of 50,000 to 60,000 hours.
"LED manufacturers will need to position their products and create awareness about the value of their products," notes Natesan. "This is particularly significant because of the price premium that LED lighting products demand upfront and also to showcase the quality of LED products in a market where standards are yet to be framed."
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Indian LED Lighting Market / P400
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