Taipei, Aug. 12 (CNA) Taiwan's government is planning to announce newly established national standards for the smart lighting industry on Aug. 14, in a bid to expand demand and worldwide business opportunities, according to a state-funded institute.
These standards are expected to improve the efficiency of lighting management, improve safety during nighttime activities, create energy-saving and a smart lighting environment, and explore high value-added business opportunities worldwide, the Institute for Information Industry (III) said recently.
The five sets of standards for Taiwan's light-emitting diode (LED) lighting products were approved by Taiwan's six major lighting associations after consultations, the institute said.
This will be a good time for Taiwan's LED industry to cement its competitiveness and expand demand as prices of LED lighting products continue to drop, the institute said.
Delta Electronics Inc., a Taiwan-based provider of energy-saving solutions, forecast in July that LED lighting product prices will fall 20 to 30 percent this year following a 40 percent drop globally last year.
LEDinside, a website dedicated to the LED industry, also said last month that the lowest price for an LED light bulb equivalent to a 40-watt incandescent bulb fell below US$10 in the U.S. for the first time ever in June.
The low price in the U.S. market could speed up the use of LED bulbs in place of incandescent bulbs and make LED a common form of lighting, LEDinside said.
(By Jeffrey Wu)