LED lights are widely used in variety of applications, which includes display and monitors, mobile devices, automotive lighting, signage, and others. According to Department of Energy (DOE), U.S., lighting accounts for about 20% of total commercial energy expenditure, in U.S. The International Energy Agency (IEA) has estimated that the global electricity spending for lighting can increase by 80% till 2030, if upgraded technologies are not implemented. The governments of progressive economies are supporting the adoption of LED lighting for the conservation of energy. With benefits, such as long life, energy efficiency, dimmable feature, better light quality, responsiveness, environment friendliness, and ability to operate in low temperatures, the demand of LED in commercial and industrial application is expected to witness a lucrative growth over the coming years.
