LED made its debut about a decade ago in the lighting industry and transformed the sector with superior energy efficiency and better light quality. Since then, the demand for LEDs is ever increasing! The global LED lighting market, valued at USD 45.57 billion in 2018, is projected to grow at a CAGR of 11.8 per cent between 2019 and 2025, reports Grand View Research. According to TechSci Research, the LED lighting market in India that stood at $ 918.70 million in 2016, is expected to grow at a CAGR of 24.66 per cent, in value terms, during 2016-2022, and to reach USD 3,758.74 million by 2022. Increasing awareness regarding lower power consumption of LED lighting products and the government’s push to accelerate LED adoption are likely to propel the growth.
LED has emerged as the dominant artificial light source and has outpaced all the conventional light sources like incandescent bulb, CFL, fluorescent lamps, high pressure sodium lamp and metal halide lamp. Also, LEDs find applications in nearly all fields of lighting including residential, commercial, offices, retail, hospitality, industries, roads and even sports lighting. Moreover, with intelligence incorporated, today LED-based lighting systems are being used for more than illumination. It is envisaged that connected lighting will be the key enabler for tomorrow’s smart cities.
Today lighting is playing an essential role in the architectural space more than ever before. Architectural lighting has become an important aspect of architectural design and there are several trending considerations in its application, including the use of light and space. Keeping pace with global trends, the architectural lighting market in India is witnessing a robust growth thanks to increase in disposable income as well as rapidly growing urbanisation. Though the use of LEDs in architectural applications was tentative until a few years ago, today it has become a preferred choice!
Also, it is a proven fact that good lighting can create more productive working environments. Therefore, apart from talking about the trends that will transform the lighting domain in 2020, this time we explicitly discussed on workplace lighting.
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