The Importance Of LED Lighting

Let’s catch the LED Lighting market pulse

The ever increasing need for energy conservation and efficiency is bound to boost LED Lighting Industry in the country. The transformation from conventional lighting to LEDs indicates a tectonic shift in technology from electrical to electronics. This in turn, may represent a significant growth opportunity for organizations offering electronic components, products and solutions used in LED Lighting.

Considering the importance of the LED Lighting industry in the electronics manufacturing ecosystem, we have been publishing several articles covering business and technical aspects within this sector. However, given the evolution of the industry’s ecosystem over the last six months with respect to the

LEDs, being versatile products, can be used for residential lighting, street lighting, down lights, landscaping, monument lighting, signage, traffic signals, security lights, industrial lighting, office space lighting, automotive lighting and much more. Low energy consumption, low costs, modular designs and ease of use have made LED lighting the first choice in industrial, commercial and domestic applications.

According to 73% survey participants, the top three demand generating application areas (Figure 2) would be
1. Street lighting
2. Residential lighting
3. Office space

A SWOT analysis of the Indian LED industry

Strengths
Huge demand forecasted for all types of lighting products, specially LEDs
Large distribution network, with a huge number of retail outlets
Availability of vast pool of manpower (skilled/unskilled)
Availability of natural resources, except rare earth materials
Strong manufacturing capabilities and capacity for luminaires and light sources (GLS, CFL, FTL), which are ready for conversion to LED manufacturing plants

Weaknesses
Low capability for domestic production of electronics components
In adequate government support for manufacturing compared to global competitors like China, which has become a global manufacturing hub for LED/electronic components through excellent government initiatives
Low capabilities in R&D and testing labs
Lack of skilled manpower required in this industry
Unavailability of rare earth materials
High cost of capital due to high interest rates
Low consumer confidence, due to poor quality products in the market
Low awareness among price sensitive consumers about the benefits of LEDs;
Poor power quality requires products to have very strong specifications
Weak logistics infrastructure
Inefficient and high transportation costs