he imminence of an emerging LED lighting industry in conjunction

According to Aixtron in its statement announcing the guidance cut, “This new guidance and backlog adjustment reflects the led high bay light perceived increase in conversion risk, purchase order delays and deferred system delivery requests into 2012 by several customers, specifically in Asia.”

Despite the negative influence, the company still shows its confidence on the long-term prospects of solid-state lighting, saying: “Management continues to believe that the imminence of an emerging LED lighting industry in conjunction with initiatives such as the Chinese five-year plan continues to support the positive outlook for the LED industry, despite short-term demand adjustments driven by market uncertainty.

Both LSG and power distribution company BSES Rajdhani have entered into an agreement for the collaboration, where the two entities would "explore avenues to demonstrate and promote energy efficiency using the next generation LED lighting".

According to BSES Rajdhani CEO Gopal Saxena said in a statement, scope of the association would also involve conducting field trials of various LED based lighting options, such as making LED products available at competitive prices for its customers.It’s said that Indian led linear high bay light market is expected to be worth about Rs 2,000 crore by 2015. Last year, the market was worth around Rs 225 crore.