The light-emitting diode (LED) now stands as a cheaper alternative to traditional incandescent and florescent lights, both in the short and long run as it is several times more brilliant, and even more efficient in energy consumption. It is no wonder then that LED lights has dominated the market as main lighting fixture of industrial, public, commercial and home purposes while at the same time showing signs of unlimited potentials as new products are spawned from a seemingly inexhaustible assembly line.
As a technological breakthrough and commercial success, LED technology has been at the forefront of electrical development and discovery. What started out as simple complementary technology which found itself as serviceable parts of television screens and cellular gadgets, the technology has now evolved stand-alone products that are continuously redefining lighting landscape of the modern estate. Major LED suppliers and markets are also not concentrated in developed economies such as the US, Europe and Japan but are now based in emerging economies such as China and Singapore. Just recently, a new line of 2000 lumens round wall washers or utility lights and PAR20-38 capable of emitting up to an unimaginable distance of 56 feet sent the market for security lighting into a new frenzy as various companies replaced their outdated halogen lamps with LED lights for safety and rescue operations. Architectural and water-grade LED pucks and omni-directional light bulbs that operate at 100W has also now provided a cheaper alternative for lighting wide open spaces. For home and commercial use, new LED ceiling lights now boast of 50,000 hours lifespan which is a staggering leap from the usual 10,000-20,000 hour life span of its predecessors while using only 4-10 watts of power consumption at 40-50% electricity savings. The LED light strip on the other hand has found more and more uses for automobile and public lighting uses. But aside from the technology parse, other developments point to further growth of the LED industry. The recently announced Singapore Sentosa Island Lighting Project, a five-year project aimed at providing close to 300 LED streetlamps to cover 3.4 km of major roads of the Island and tracking down the efficiency gained from using LED lights is expected to further provide scientific evidence and structural feasibility in the use of LED bulbs in public landscape development. But the more important development in the recent month is the opening of the Philips LED on-line store in Singapore, which followed from the heels of the rapid and successful outbreak of web-based LED suppliers, now puts more legitimacy and competition in the market as top, reliable and high-end brands are sure to follow Philips’ lead. This also places LED technology in the midst of Asia Pacific e-commerce which is slowly gaining traction and growing in the region. Navigant Research, a renowned in outfit in clean technology markets research predicts that sales and shipment of LED lighting and luminaries systems are expected to increase to 542 million units by 2021. Despite the immanent entry of top brands, the field is still a lucrative area for small and middle LED suppliers whether wholesaler and retailer as the demand of LED lights is expected to increase exponentially due to the new-found credibility on on-line LED business.
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AuthorLizzy an online blogger for food, sport, fashion and business Archives
September 2017
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