A $15 LED replacement for 60W incandescents is on its way

Lighting Science Group, Satellite Beach, Fla., and Dixon Technologies India Pvt. Ltd, an electronics products manufacturer based in India, recently unveiled one of their first joint products: a sub-$15 omnidirectional 60W equivalent A19 LED bulb that will be available in India by the end of the year and will be sold worldwide by Lighting Science Group early next year. The bulb is the first in a series of products being jointly manufactured and distributed by the two companies. The full line of products will include street lights, outdoor and industrial light fixtures and replacement bulbs. The Indian market for LED lighting is expected to grow to $400 million by 2015 (53% per annum), making it one of the fastest-growing sectors of one of the fastest-growing economies in the world. According to India's Ministry of Power, the country plans to build 80 new coal-fired power plants to keep up with rising electricity demand over the next five years, and the potential savings from simply changing light bulbs to the new LED technology can significantly reduce the county's electricity demand by as much as 40 percent.

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