Lighting up India: India's LED Market Analysis

<< Go Back Posted By:administrator on Mar 08,2019in Industry News

When you look at what LEDs offer, it won't be hard to understand the reason that most Indian households have embraced this technology. Besides much more operational working hours, LEDs are far more energy efficient than Indian CFL and tungsten counterparts.

Ever since PM Modi took over the reins of the country, he had a clear idea regarding the energy situation in the country. Village electrification was one of his biggest agendas upon election, which actually led even India's countryside accepting LED bulbs. The EESL (Energy Efficiency Services Limited) has had a huge part to play.

Apart from offering LED bulbs at a much lower cost to the Indian populace,the State owned organization has launched a number of key initiatives to make LED bulbs a mainstream in Indian households. Some of these initiatives include:

UJALA Scheme

The scheme was announced as "Domestic Efficient Lighting Programme (DELP)" in January 2015 and later renamed Unnat Jyoti by Affordable LEDs for All (UJALA). It urged the people to use LED bulbs in place of incandescent bulbs,tube lights and CFL bulbs as they are more efficient, long lasting and economical in their life cycle duration.The scheme aims to light up every household with LED bulbs, tubelights and 5-star ceiling fans. More than 25 crore households across the country have benefited from this scheme.

Streetlights Scheme

Under Street Lighting National Programme (SLNP), EESL seeks to install LED streetlights across the country. As of today, the project is implemented across 23 states and Union Territories. More 21 lakh LED streetlights had been installed across the country till April.

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When you look at it, the agenda to promote LED lights is not only a sign of embracing newer technology. It signifies something far more important and crucial for India's growth aspirations too. India has always been a power hungry nation largely due to its large population, and yet, somehow, the country has always been in the midst of a power crisis. With an annual power shortfall of about 4 per cent, India need come out of this ongoing power crisis if it expects to cement its place among the strongest economies of the world.

This neatly puts us in place to understand that while LEDs have been embraced by India's industries and households, there are still certain challenges that the industry needs to address. For example, India are still dependent on Chinese imports for several component level ingredients in a LED bulb. The quality of the casings made in India is extremely low compared to Chinese imports. However, as things stand now, India is at a much better place than a few years ago.

Technology adoption and consumer price sensitization will contintue to be the key drivers of India's LED growth. With a successful convergence of India's politics and corporate,the LED industry will be expected to usher itself into a new dawn. 


Source:Lighting up India: India’s LED Revolution,By ELE Times - January 3, 2019