'Li Fi Can Potentially Replace Wi Fi'

The lighting industry is going through turmoil. The transition from CFL to LED is almost mainstream, and companies are hiving off businesses to focus on new ventures. Where is the industry headed?

There is a major technological transition happening from conventional to LED. While incandescent lamps consumed 100 units of energy, the equivalent with LED would be around three. This is the magnitude of the impact that the new technology is generating. Many companies in the lighting industry have to move. Nearly six seven years ago, more than 90 per cent of our output was conventional. At the end of 2017, it is down to just 35 per cent. We see companies completely changing their profile, not only in terms of technology but also business model. Technology is LED but the business model is more about the capacity to connect light