India is expected to become an emerging market for LED
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India’s Prime Minister’s general election was inaugurated on May 16, 2014, and the overwhelming victory of the People’s Party representative, Narendra Modi, promised to invest in power, railways and other construction to improve the Indian economy, and plans to make indoors available to every household within five years. Lighting, this move will open up opportunities for LED and solar energy.
Electricity supply and demand imbalance GDP fell 1.5
India's electricity demand is very strong. At present, there are about 300 million people in India, and there is no electricity available because they are not connected to the grid. According to estimates by the World Bank, India's electricity consumption is caused by illegal electricity theft and technical problems. 27; National GDP is also down by 1.5% due to frequent power outages.
During his tenure as governor of Gujarat, Modi set up India's first large-scale solar power plant. It is expected that the new government will continue to promote and improve the power supply situation.
LED power consumption is low, lighting is now dawning. In addition, how to save electricity and reduce power consumption is also a top priority. According to Forbes, Modi promises that at least one bulb can be installed in each household by 2019, and LEDs are more energy efficient than general lighting. Some companies that use LEDs can even More than 90% of industrial electricity is saved. The global electricity consumption of lighting is higher than that of nuclear power plants, and the importance of energy-saving lighting is relatively increased.
Will India become the next hot market for LEDs, and look at the policy direction of Modi's new government, which remains to be seen.