Led Business Plan and Manufacturing Opportunities
Led manufacturing business plan:-
Led business plan is the low investment high-profit business idea which anyone can do. Skills needed are just time and hard work.
LED business opportunities:
What is a LED light & bulbs?
An LED lamp is a light-emitting diode (LED) product that is assembled into a lamp (or light bulb) for use in lighting fixtures. LED lamps to have a lifespan and electrical efficiency that is several times better than incandescent lamps, and significantly better than most fluorescent lamps, with some chips able to emit more than 100 lumens per watt.
The market of led light manufacturing business:
The LED lamp market is projected to grow by more than twelve-fold over the next decade, from $2 billion at the beginning of 2014 to $25 billion in 2023, a compound annual growth rate (CAGR) of 25%.
Competition in the market for led business:
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But your advantage is the price. As a Local Business, we can make cost-effective products in no time and can distribute in your local area with a warranty of 1 year.
Manufacturing business plan
LED light and bulbs sizes and bases
LED lamps and bulbs are made of arrays of SMD modules that replace screw-in incandescent or compact fluorescent light bulbs, mostly replacing incandescent bulbs rated from 5 to 60 watts.
Such lamps are made with standard light bulb connections and shapes, such as an Edison screw base, an MR16 shape with a bi-pin base, or a GU5.3 (bi-pin cap) or GU10 (bayonet fitting) and are made compatible with the voltage supplied to the sockets.
They include driver circuitry to rectify the AC power and convert the voltage to an appropriate value, usually Switched-mode power supplies. As of 2010, some LED lamps replaced higher wattage bulbs.
For example, one manufacturer claimed a 16-watt LED bulb was as bright as a 150 W halogen lamp.
A standard general-purpose incandescent bulb emits light at an efficiency of about 14 to 17 lumens depending on its size and voltage.
According to the European Union standard, an energy-efficient bulb that claims to be the equivalent of a 60 W tungsten bulb must have a minimum light output of 806 lumens.
LED lamps are close to being adopted as the mainstream light source because of the falling prices and because 40 and 60-watt incandescent bulbs are being phased out.
In the U.S. the Energy Independence and Security Act of 2007 effectively bans the manufacturing and importing of most current incandescent light bulbs.
LED bulbs have decreased substantially in pricing and many varieties are sold with subsidized prices from local utilities. At some Walmart locations prices for LED bulbs have been under $1.
Benefits of LED landscape lighting:
- LED Lighting lasts up to 10 times longer than incandescent bulbs
- LEDs are energy efficient and use 75% less energy
- Durable and engineered for all-weather performance
- Produce a pleasing natural light
- Easy homeowner friendly installation
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