The global LED lighting headlines you need to know this week for your business decisions.
UK LED Lighting Market to Grow More Than 25% by 2019
The UK LED Lighting market is valued at around US$450 million and the global market is set to grow by more than 25% by 2019, according to recent data.
AMA Research’s LED Lighting Market Report notes an “explosion of growth” in LEDs, as new technology “becomes more widely accepted” in the mainstream lighting market. It also points to legislative changes, resulting from environmental pressures, which have further encouraged the requirement for energy cost savings.
The Global LED Lighting Market 2015-2019 indicates that the global LED industry is set to grow by 25.89% (compound annual growth rate) over the next five years. It says manufacturers are facing strong competition, and so “are trying to differentiate their products in terms of features including light quality”. The lighting market would have the ability to capitalize on this growth, and to deliver “much more than just light”.
India’s LED Bulb Prices Potentially to Drop another INR 20
LED bulb prices in India are matching CFL prices, but might be priced down a further INR20 (US $0.30) following the government’s 50 million LED bulb purchase tender. LED bulb prices have plummeted in the last 18 months from INR 310 per bulb and could drop by another INR20 as LED bulb technology improves and production capacity scales up, according to industry sources.
Several Indian manufacturers shared their insight on the project. Orient Electric Senior Vice-President Puneet Dhawan said the company moved out of manufacturing incandescent bulbs, and shifted 50% of its assembly lines from CFL to LED lamps. Dhawan expects prices of LED bulbs to drop to INR120 for a 7W lamp, INR140 for 9W, and INR170 for a 12W LED bulb in the next six months.
Under the program, a state-backed company procured LED lamps in bulk through competitive bidding and distributed them to consumers through power distribution companies.
About 600 million incandescent bulbs are sold in India every year, and are popular among rural population because of its low prices. Their consumption declined from 700-800 million last year to around 400 million this year. Last year, 400 million CFLs were sold and the number will decline further to 350 million this year.
Japan to Phase-out Incandescent and Fluorescent Lights by 2020.
The Japanese government has made plans to phase out incandescent light bulbs and fluorescent tubes by 2020, and convert all lights to LEDs, reported Asahi Shinbun.
The policy was formulated ahead of the 21st Conference of the Parties to the UN Framework Convention on Climate Change scheduled to take place at the end of this month in Paris.
This policy would forcefully remove light bulbs and fluorescent tubes from the market because LED lamps are far more energy efficient than traditional light sources. It is projected Japan will undergo a rapid LED light source replacement period, once imports of current light bulbs and fluorescent tubes are halted, and domestic stocks dry up. The situation would lead to decreased LED bulb costs plus uptick in demand.
UK Counties to Switch 16,000 streetlights to LED lights by 2017
Regions across the UK continue to improve their lighting energy efficiency with LED streetlight conversion. Picturesque Cumbria County plans to install 16,000 high pressure and low pressure sodium lanterns within the county.
The major project includes the disposal and recycling of the conventional streetlights and the conversion to LED ones. Starting from 2014, the three-year project is expected to be fully executed by 2017. The Cumbria CC project will save up to US$650,289 per year with LED streetlights. Approximately 12,000 streetlights are expected to be collected throughout the period from 2016 to 2017. The project is scheduled to be completed by March 2017.