By BizLED Bureau
Apr 6, 2016: LED market in India is likely to reach ₹ 216 billion by 2020 under the decision by the government to switch to LEDs for all street lamps and public space lighting. The LED market is immensely driven by several government schemes and has developed over the years, with north India and south India driving the expansion.
The lighting market in India is predicted to grow by more than 32% during 2015-20, and the causes which would result to this include rising adoption of LED lighting all over residential and commercial divisions, government schemes to replace conventional incandescent bulbs with LEDs and growing demand for electricity.
Introduction of fruitful schemes
The Indian government is playing a significant role to increase the penetration of LED lighting across the nation by introducing fruitful schemes like Domestic Efficient Lighting Program (DELP). This is a determined LED lighting proposal run by Energy Efficiency Services Limited (EESL), a combined undertaking between PSUs under the Ministry of Power, has paved way for the LED lamp industry to grow and develop within the next two years.
Of late, the government made a declaration to end the funding on CFL-based solar lighting systems with the aim to support the use of LEDs. This system is currently running in six states of India that includes Himachal Pradesh, Rajasthan, Uttar Pradesh, Delhi, Andhra Pradesh and Maharashtra. The scheme is quickly making its way to other states of the nation as well. The aim of the scheme is to replace entire 770 million incandescent bulbs that are sold in the nation with LED bulbs. This will help to reduce electricity consumption by 20GW.
100 billion kWh of energy to be saved
Recent government data said that the scheme will save almost 100 billion kWh of energy and will cut green house gas releases by 80 million tonnes each year. The annual saving in the electricity bills of customers will be almost ₹ 400 billion, presuming the standard charge of ₹ 4 per kWh. The nation has taken a worldwide pledge to decrease its carbon emissions by 30-35%
Majority of the manufacturers opined that DELP is an extremely good scheme, which will push the early acceptance of LED bulbs by customers. The government is willing to take all the possible steps to guarantee that the scheme gets accepted which also includes to subsidize the prices to a higher extent and offer low EMI systems to equalize costs.
A number of innovative technologies like inbuilt sensors have transformed the lighting industry, allowing it to make inroads across government, residential and commercial space, particularly, in the Smart Cities project.
Light Fidelity (LiFi) is a spectacular technology that aims to accomplish the need for high-speed data transmission with the help of nanosecond flickers of LED lights. This particular technology is likely to be the subsequent giant revolution. The government needs to maintain this impetus and improve awareness about LED lights along with energy conservation abilities.
In order to create mass consciousness about LED lighting, the government has introduced a campaign which is called iLEDtheway where the Ministry of Power has formed pacts with numerous PSUs to sponsor the benefits of using LEDs across the nation.
At present, there are 47.5 million LEDs positioned across the country and LED usage is being encourages all over varied government departments. For instance, around 100,000 Western Railway workers have switched to 7 watt LEDs. The Delhi Cantonment Municipal region is going to change 15,000 conventional bulbs with LED bulbs. This movement is surely going to have an extensive impact.