According to a study titled Energy-Efficient Lighting for Commercial Markets conducted by the analyst firm Pike Research. Therefore it was thought in 2011-2014 that by 2020, Light Emitting Diodes (LEDs) lighting will be it. I mean we are talking “46 percent of all lighting” in the commercial, industrial, and outdoor stationary sectors. That most noteworthy, LEDs will account for almost half of the $4.4 billion a year commercial lighting market within 10 years This came from reports by Danny Bradbury, BusinessGreen.
Clint Wheelock, Managing Director at Pike Research, furthered him by saying LED lighting is already used. Especially in traffic signals and exit signs. Most interestingly, even most basketball scoreboards in schools across the Country. He also said that the LED manufacturers will switch their attention on LED. That’s to most interestingly concentrate on the outdoor stationary sector.
As explained before and first of all, an LED or Light emitting diode is a semiconductor. One that works by producing light when electricity flows through it. However LED does not cause much heat. That’s therefore good for the surroundings. Also it produces enough lightning to cover wider area.
The traditional bulbs produce is cheap in comparison to the LED lighting system. Using led can be cost-effective, it’s like a one-time investment.
Then followed by lighting for retail, professional and institutional buildings. However, the report predicted that other forms of energy efficient lighting will continue to play a sizable role. They are referring to OLED or organic light emitted diodes. Then in the market the cost of LED lighting falls substantially.
Consequently, the Indian government has begun to explore ways to reduce the cost of LED lighting in a bid to establish the country as a major manufacturing hub for the technology.
The National Manufacturing Competitiveness Council formed a committee that recommended aggregating demand for LEDs. Especially in various Indian states. That’s in order to encourage domestic manufacturing and reduce costs.
Because according to reports, the committee is hoping to put in place targets for price and performance. That’s especially in LED applications. Also and more importantly such as institutions and public lighting. This was therefore done in consultation with manufacturers and interested customers.
So fast forward to 2017. Now it’s reported nationwide that sales are nothing close!