Sunday, April 6, 2014

LED the most promising technology - SME Corp

"Most promising technology.... demand to grow 34% by 2020"

This is what SME Corp Malaysia said during the recent Light+Building Show, the world's biggest event for lighting and building-related services technology, in Frankfurt .

LED lamps can be designed into many different attractive shapes and sizes

It's about time entrepreneurs put more effort in innovation, to promote more applications of LED and solid state lighting (SSL) in industry and commercial sectors as well as home use.

Also, we must find ways to make LED lighting more affordable. For example, for an approximately equivalent lumen, a 60W incandescent bulb would cost just RM2.00, a CFL would cost RM18.00 while a 8W - 10W LED bulb would cost around RM36.00

While LED lamps would save a lot of energy (and money) throught their significantly longer life, many people are not ready yet to pay upfront for energy saving lighting.

For future reference, I'll share an excerpt of what was reported by Bernama during the Frankfurt Show in Germany:-

The Malaysian Government has identified light emitting diodes (LED) as the most promising technology in terms of commercial viability from among several kinds of clean technology such as photovoltaic solar power, wind power and electric vehicles.

Keeping in view this growth potential, the government was supporting LED and solid state lighting (SSL) companies and also helping them penetrate the global markets, thereby ensuring that the Malaysian LED industry grows in tandem with the world demand.

The demand is expected to grow by 34 per cent by the year 2020. Malaysia is considered to be one of Asia's leading LED manufacturing nations.

In an interview with Bernama on the opening day of the Frankfurt Show, Datuk Hafsah Hashim, the Chief Executive Officer of SME Corp Malaysia, said SME Corp was an Entry Point Project under the electronics/electrical part of the National Key Economic Area (NKEA), with emphasis on the LED/SSL segment.

"The LED/SSL segment has been posting double-digit growth though the quantity exported by Malaysia is still small. LED/SSL technology is the most efficient energy form to bring down the carbon dioxide component. The LED is widely used today."
- Datuk Hafsah Hashim, CEO of SME Corp Malaysia

The SME Corp sees "great potential" for LED products in the emerging markets, including China, India, Africa and the Middle East.

The SME Corp's networking event was attended by designers, architects, distributors and retailers.

Garreth Jones, Managing Director of the UK-based LUX-TSI, provided signposts at the networking event on how to establish and implement proper testing processes for safety and performance of LED lighting products for the European markets.

Though Malaysia's LED exports presently may be small, many German trade visitors at the Light+Building Show were confident that the exports would grow in future.

LED exports appear in the Ministry of International Trade and Industry statistics under the broad product grouping electrical and electronic products.

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