Presently, the most-lucrative region in the high-power LED market is Asia-Pacific (APAC), where government efforts are leading to the swift replacement of conventional lights with LEDs. Further, India and China are strongly focusing on the construction of smart cities, where energy efficiency is one of the central principles. Considering that these are among the most-polluted countries on earth, reducing the usage of fossil fuels, by decreasing the consumption and wastage of electricity, is critical here.

Such high-power lighting sources are available in 1–2.9-, 3–4.9-, 5–10-, and 10-Watt (W) ratings. Among these, 3–4.9 W bulbs have witnessed the widest adoption till now, especially in automotive, general, and sign and signal lighting applications. Moreover, these lights are becoming popular for indoor and outdoor illumination in commercial, residential, and industrial settings.

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In the coming years, the fastest rise in demand would probably be seen by 5–10 W high-power LEDs, as they are being increasingly used for entertainment lighting and outdoor applications. In this regard, the mega sports and cultural events scheduled in the near future would drive the demand for high-power LEDs.

Numerous stadia and other high-capacity venues are being constructed for events such as Tokyo Olympics 2020 (rescheduled for 2021), FIFA World Cup 2022 (Qatar), and Dubai Expo 2020 (rescheduled for 2021), for which high-power LEDs would be required on a massive scale. Such events will lead to an extremely high energy consumption, which would be a problem given the issue of air pollution, thereby driving electricity conservation efforts.

Hence, with energy conservation efforts gathering pace, the demand for high-power LEDs will rise too.