Market research and consulting firm Frost & Sullivan forecasts that the Indian LED market will reach $1.2 billion in 2018, up from $143 million in 2012. An LED bulb requires only about 20 percent of the electricity of an incandescent and thus represents great potential for saving power in a country that, for all its comparatively high (but slowing) growth rate, is wracked by electricity shortages. Today, LED lights have become inseparable part of the life. People use it as these are extremely economical and energy efficient. This has brought a revolutionary change in the lives of people. The complete energy efficient LED bulbs have made the life simpler.
Located in New Delhi, India, CPS Electric focuses on production and product development of energy efficient LED lighting systems. With a commitment to sustainable growth by investing in new technologies and people, CPS Electric develops products and technologies focusing on improving luminaire quality, increasing energy efficiency and light efficacy.
Apart from India, CPS Electric is emerging as a reliable lighting solution provider in the Middle East, Africa and South East Asia.
CPS Electric plans to tap in the eastern region. They have plans to open their plant in Kolkata by November next year.
“Government initiatives to replace incandescent bulbs with LED bulbs, increasing energy demand supply gap, declining prices are the factors driving the growth of LED lighting in India.” said the spokesperson from CPS Electric.