Satellite Beach, Fla.-based Lighting Science Group and electronics products manufacturer Dixon Technologies India Pvt. Ltd, of New Delhi, India, have unveiled one of their first joint products: a high-performance, omnidirectional 60-watt equivalent A19 LED bulb that will sell for approximately $15 or less and be available in India by the end of the year and sold worldwide by Lighting Science Group early next year.
Utilizing Lighting Science Group’s technical design, the LED bulb is the first in a series of products being jointly manufactured and distributed by the two companies. The full line will include street lights, outdoor and industrial light fixtures, and replacement bulbs.
The Indian market for LED lighting is expected to grow to $400 million by 2015 (53% per year), making it one of the fastest-growing sectors in one of the fastest-growing economies in the world. According to India’s Ministry of Power, the country plans to build 80 new coal-fired power plants to keep up with rising electricity demand over the next 5 years. The potential savings from changing incandescent light bulbs to the new LED technology can significantly reduce the county’s electricity demand by as much as 40 percent.
“With India’s peak load electricity deficit expected to increase upwards of 15 percent in the near-term, the adoption of energy-efficient technologies will prove critical in meeting India’s infrastructure needs and demands of continued economic growth. Our partnership with Lighting Science Group will make LED technology available for large-scale implementation in the Indian market and we expect to be the market’s leading seller of LED lighting within two years,” said Sunil Vachani, chairman and managing director of Dixon Technologies.
The newly announced Lighting Science Definity® bulb fits into existing screw-in light sockets and creates a clean, bright light level equivalent to a conventional 60-watt incandescent bulb using 85 percent less electricity and is designed to handle the variable quality of power in India and other emerging economies. At a retail price that is below $15, the payback from electricity savings versus traditional incandescent light bulbs is 8 months and the LED bulb has an expected life of approximately 8 years.
“As India undergoes an infrastructure transformation in the next few years, the country has an unprecedented opportunity to leapfrog the rest of the world by becoming an early, large-scale adopter of LED technology,” said Jim Haworth, chairman and CEO of Lighting Science Group. “Augmenting our production capabilities by utilizing Dixon Technologies’ manufacturing facilities in Noida, we’ll be able meet the expected strong demand from individuals, businesses, and government in India and I expect that our LED lighting products – particularly the new 60-watt equivalent bulb — will quickly become some of the best-selling lighting products in the world.”