Looking at the global LED lighting market, where is the hottest market? I am afraid it is not in mainland China, nor in countries such as Japan, South Korea, Europe and the United States, but should be non-India. The current emerging LED market, such as India, is like a Bollywood movie that has been nominated for the Oscar Gold Award. Whether you like it or not, you have to pay attention.
India heavily subsidizes LEDs, strong market demand
According to India’s Economic Times, India’s Ministry of New Energy and Renewable Energy said in its announcement that it has decided to stop providing central financial subsidies for solar-powered lighting systems based on energy-saving lamps (CFLs) and instead provide LED-based solar lighting systems. subsidy.
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According to the High Efficiency Lighting Demand Management Program (DELP), the government has distributed approximately 32.7 million LED bulbs through distribution companies. The State Enterprise Energy Conservation Services Co., Ltd. (EESL) is procuring and distributing the required LED bulbs according to the DELP program. As of June this year, EESL was able to purchase LED bulbs at a price of 73 rupees per ounce, a drop of more than 75% compared to 310 rupees in February 2014. Despite this, Piyush Goyal, the former Minister of Electricity, Coal and New Energy and Renewable Energy, set a goal: EESL will reduce the purchase price of LED bulbs to 44 rupees per bid.
According to the DELP plan, the government plans to replace all of the 770 million incandescent bulbs sold in the Indian market with LED bulbs. Experts say that LEDs have many advantages over energy-saving lamps, such as environmental protection and longer service life. The mercury content of energy-saving lamps makes it difficult to handle. India has made an international commitment to reduce its carbon intensity by 30-35%. Building capacity and adopting and deploying new energy-saving technologies to reduce carbon emissions is one of the mitigation strategies implemented in India.
Hongli Optoelectronics unveiled at the Indian Lighting Fair
The 13th India International Lighting Exhibition (LED EXPO) is the largest exhibition of LED technology and lighting applications in India. It will be held for 3 days in the PRAGATI MAIDAN exhibition hall in New Delhi from December 3rd to 5th, 2015. Hongli Optoelectronics unveiled booth H51 in Hall 11, focusing on small and medium power SMD and high power COB LEDs, as well as LED light engine modules for intelligent lighting.
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“Hongli Optoelectronics booth is very popular. There are many customers who come to negotiate business. About 80% of Indian exhibitors are indirect or direct customers of Hongli Optoelectronicsâ€. The head of Hongli Optoelectronics India said that Hongli Optoelectronics saw business opportunities and aimed at the Indian market in the past few years. After years of exploration and layout, Hongli Optoelectronics has achieved quite good results in the Indian market. The Hongli brand is in the market. The Indian market has already had a wide range of influence.
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As early as the first half of 2015, Hongli Optoelectronics had passed the Indian government LED supplier qualification review, and the number of Chinese LED manufacturers that passed the review was small. In addition, in September of this year, Mr. Arun Misra of the Federation of Indian Industry led a delegation of more than 10 people to visit Guangdong. The members of the delegation came from the fields of infrastructure, power, LED, mobile phone, etc., in order to further understand the development status and mining of the LED industry. The cooperation potential of the two companies in the future, the delegation first came to Guangzhou to visit Hongli Optoelectronics. The visit of the delegation of the Confederation of Indian Industry laid the foundation for further communication and business cooperation.
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At the exhibition, the visiting customers praised Hongli's products and services constantly, expressing their hope that there will be more and better cooperation next year. We also hope to have deeper cooperation with Indian customers next year. In 2016, we continue to be optimistic about the Indian LED market, and believe that Hongli will continue to shine in the Indian market! (This article is contributed by Hongli Optoelectronics)
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