Transforming Energy Dynamics through Sustainable LED Lighting
Over the last years, India’s population has grown at an unprecedented rate. The consequent growth of cities and the increasing urbanization rate in particular have served to greatly impact the usage of resources, especially energy. Cities, on an average, consume around % of the total energy in a country of which % goes towards lighting. Thus, lighting sources, systems, and technologies need to be all the more efficient. Merited as the most energy-efficient in comparison to other efficient lighting technologies such as Compact Fluorescent Lamps (CFLs) and fluorescent lights, the Light Emitting Diode (LED) lighting technology has the potential to change the dynamics of the lighting industry worldwide. The fundamental difference and advantage of LED over existing lighting technologies presents the greatest potential to accelerate the energy savings initiation in the years to come.
The Indian LED lighting market clocked a revenue of around INR million in 2014 having grown by % over the previous year. As energy conservation is back in focus, there has been a considerable demand from the street lighting segment, which was the largest contributor to the overall market revenue in 2014, for energy efficient lighting. Likewise, demand from railways, government buildings, and public infrastructure also grew at a healthy rate and is expected to exhibit a robust growth.
About this report
Merited as the most energy efficient compared to other efficient lighting technologies such as Compact Fluorescent Lamps (CFLs) and fluorescent lights, the Light Emitting Diode (LED) lighting technology has the potential to change the dynamics of the lighting industry worldwide. Compared to a decade ago, there has been a major shift in the way LEDs are used today; moving from ‘signage-only’ applications to almost all areas of lighting. Energy demand is surging with each passing year and thus, energy sufficiency is a critical area to be tapped into for sustainable economic growth.
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