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A Frost & Sullivan event explores the potential in the nascent LED industry in India. Times Journal of Construction and Design reports Business research and consulting firm Frost & Sullivan organised a conference on the LED (light-emitting diode) lighting market and its importance in the Indian construction industry. The Frost & Sullivan Executive Conference was held at the Grand Hyatt, Delhi, on June 28, 2010. Saurabh Kumar, Secretary, Bureau of Energy Efficiency, was the chief guest at the event and released Frost & Sullivan’s recent research report on the LED lighting market in India.  Emphasising the need for focusing on energyefficient technologies, Mr Kumar stressed that the lack of specifications of LED lighting products posed a crucial challenge to the implementation and adoption of LED technology. Mr Kumar also announced an impending global tender for a million LED lamps to be called for in this financial year. He mentioned that this tender will be executed in this financial year itself and his organisation has taken the mandate of bringing out partial specifications, too. At present, the Indian LED lighting market stands at around $49.6 million and is expected to reach $399.2 million by 2015, growing at a compound annual growth rate of 41.5 per cent. However, according to V Niju, Deputy Director, Automation & Electronics, Frost & Sullivan, pointed out that its penetration largely depends on how affordable LED lighting products become for Indian consumers in the future.
The keynote address was delivered by Nilesh Naik, Senior Manager, Product Marketing & Business Development, Philips Electronics India Limited, who provided an analogy for the evolution of LED lighting in the transition from analogue to digital seen in various consumer products. He spoke about the advantages LED offers for lighting applications by virtue of its being a semiconductor. He also highlighted the fact that semiconductor technology can open hitherto-unimagined possibilities for lighting and hence becomes very important technology.  A debate on the viability of LED options in railways, roads and other civic infrastructure attracted many questions from the interested audience. Apart from this, issues concerning commercial lighting, street lights, supply chain challenges and cost reduction were discussed at length. The event opened up new business prospects, and saw the development of new business contacts and knowledge for the participants. The one-day conference was followed by an awards evening where companies in the field of LED technology were recognised for their outstanding industry achievements. |
