According to a recent analysis of LED Inside, the market of LED lighting solution is expected to grow in leaps and bounds in the next few years. Statistics reveal that the LED market scale has increased by 14% in this year compared to 2016 and the scenario makes it quite obvious that the same will increase massively in the future. With LED lighting technology gradually taking hold, the prices of LED lights are also expected to drop gradually. It’s been expected that by 2020, the estimated market size is going to surpass USD 1 billion.
Present State of the LED Market Solution
Recent statistical data clearly supports the pivotal position of LED technology in the global lighting market. Over the past few years, it’s being monitored on a regular basis that the usage of LED light in the residential architectural and outdoor setting has increased considerably. However, outdoor LED lighting is gaining a quick popularity compared to the others.
LED has been in the market for long. However, in a developing economy such as that of India, the use of LED lights by the general population is yet to become a popular trend. The Government has stepped up for the task with the latest project aiming towards changing 77 crores light bulbs and 3.5 crores conventional street lights and replacing them with the LED lights.
The mammoth LED task
The plan to change conventional lights with LED is no doubt a welcoming effort. However, given the expanse of the country and the huge population, there is no doubt that this is going to be one mammoth task in front of the Government. The challenge is quite steep, especially with LED lights still costing at least about 10 times that of the conventional lights. It will need proper planning and effective execution to make this a reality and to meet the target by March, 2019.
As the LED bulbs of modern technology has come to the scene, the CFL and incandescent bulbs have apparently lost their market. Here’s a comparative look at three alternatives.
LED lights not only impact the aesthetics, but also help in making any space contemporary and stylish. Choose from the wide-variety of indoor and outdoor LED lights to achieve your decoration goals.
When it comes to Christmas decoration, LED lights are simply great. Read this blog to know how you can plan a wonderful decoration this Christmas while going green.
LED flood lights are offering exceptional alternative to the CFL and incandescent counterparts, when it comes to illuminate a large area. Read this blog to know the benefits of using these.
Designed specifically for the high ceilings and large areas, LED Highbay lights are being extensively used in the commercial and industrial environment. In places like factories, warehouses, auditoriums etc, LED high-bay lights are considered as the best lighting option. Unlike the traditional lighting fixtures, these are so perfectly designed that they can illuminate a wide area from a significant height without creating any trouble. Typically, high-bay lights are appropriate for the ceilings with height ranging between 20 to 25 feet or more.
The LED Candle lights are perfectly made to set your mood for any kind of occasion. If you want to lift up the ambience of a dinner or a party, these LED Candle lights will be the best option you can go for. Unlike the firewood or the regular wax candles, these are flameless and drip-free.