How is the advent of LED lamps changing the whole world of lighting?
There’s a revolution in the lighting market, and the catalyst is light-emitting diode technology, better known as LED. The LED revolution in lighting technology is comparable to any another technological transformation in the past. LEDs are smaller and have a longer operating life and lower Total Cost of Ownership than previous technologies. LED is poised to dominate the market in the years ahead, which has grown roughly 50 % until 2015. Global LED Lighting market in 2010 was around US$ 5bn and grown to approximately US$ 36bn in 2015.
The LED revolution is also gaining momentum in terms of market dynamics. While demand for replacement lamps has accounted for significant growth thus far, that market is dwindling as fewer replacements are needed given LEDs’ longer life span. Also, new players from the semiconductor and consumer-electronics segments are entering the general lighting market with LED products.
All of these developments are having a substantial impact on players up and down the value chain—from manufacturers to distributors to service providers.
We have been pro-active in pre-empting this change a long time ago. Today, all our lamp holders being LED compatible, gives us a big edge in the market.
Who are your major clients from lighting industry? What are the company’s efforts in research and development?
We have quite a few big brands associated with this from the lighting industry, though we cannot be more descriptive about them. The key to success in the LED lighting market is to focus on what makes someone unique: Because of its technological flexibility, it offers numerous possibilities for design and application. With this in mind, we believe LED’s main areas of differentiation are in what we call the LED innovation trilogy: technology, design, and application and our R & D is very much working towards this.
What would you like to communicate to your potential customers?
Golden Peakock has always been a preferred vendor for their customers and this achievement is a result of strong R & D and delivering value to the customers and stakeholders. The group is well equipped to address technological advancements in the industry. We believe the last 70 years of your expertise has taught us a lot and continue to do so, so as to remain ahead of competition.
What are the new products launched in 2017? How will those help the users?
We have launched Wire Rope Suspension Solutions for the MEP services, which have applications across industries for supporting HVAC ducts, Electrical Cable Trays, Plumbing Lines etc. These products are of international standards and have been tested by TUV NORD for its performance. Apart from testing all our products have their design registered or patented for their unique designs.
Can you tell us about the company’s recent Corporate Social Responsibility (CSR)?
Corporate Social Responsibility (CSR) in the GPL Group is rooted in its Corporate Purpose – the belief that ‘to succeed requires the highest standards of corporate behaviour towards our employees, consumers and the societies and world in which we live’, GPL’s CSR philosophy is deeply embedded in its commitment to all stakeholders – consumers, employees, the environment and the society that the company operates in. GPL strongly believes that it is this commitment which will provide sustainable, profitable growth to the enterprise
In addition to the community initiatives, the GPL Group has been working with various NGOs on multiple social programs. It is associated with
- Khushii (kinship for Humanitarian Social and Holistic interventions in India)
• Helpage India
GPL Group actively contributes towards the various projects being undertaken by the above NGOs towards reaching out to the marginalised section of the society, especially in rural area, creating an environment conducive to people’s empowerment, integration of the under privileged into the mainstream of society, executive people’s programme through need based interventions etc.