LED Lights Future....

That small dot of light that one sees all around holds business potential that is only starting to ripen

For the longest time, incandescent bulbs, which replaced lanterns, reigned as the solution for lighting the world over. Compact fluorescent lamps (CFLs) that consume less power to get as much lighting are slowly and steadily gaining acceptance in the market.

As a result incandescent bulbs will soon be shelved for good. However, even as CFLs are gaining momentum, they already have an emerging threat in the form of an even lesser power consuming and higher-efficiency technology—light-emitting diodes (LEDs)

http://electronics.howstuffworks.com/led.htm

Enlightening factsLEDs consume less power and have higher energy efficiency than CFLs or incandescent light sources and have an extremely long lifetime, which means the product produces more or less no ‘waste’ in the form of spent light bulbs. LEDs do not contain any mercury. They can actually cut down that electricity bill manifold, even in comparison to compact fluorescent lamps (CFL).

The best thing about LEDs is that even though they are really small in size, the light emitted is really bright. This fact itself opens up a vast canvas for innovation in making products. The trick is to house LEDs in a variety of fixtures.

Further variations of LEDs include organic light-emitting diodes (OLED), polymer light-emitting diodes (PLED), light-emitting polymers (LEP), flexible OLED (FOLED), and phosphorescent OLED (PHOLED). These variants have been put to innovative use in apparel displays, etc.

According to a report by the International Energy Agency, the adoption of more energy-efficient lighting systems could prevent a cumulative total of 16 billion tons of carbon from being added to the world’s atmosphere over the next 25 years. Despite advances in lighting technology, between 67% and 75% of the world’s lights utilize older, less energy-efficient technology.