Advantages of using LEDs
LEDs produce more light per watt than do incandescent bulbs; this is useful in battery powered or energy-saving devices.
LEDs can emit light of an intended color without the use of color filters that traditional lighting methods require. This is more efficient and can lower initial costs.
The solid package of the LED can be designed to focus its light. Incandescent and fluorescent sources often require an external reflector to collect light and direct it in a usable manner.
When used in applications where dimming is required, LEDs do not change their color tint as the current passing through them is lowered, unlike incandescent lamps, which turn yellow.
LEDs are ideal for use in applications that are subject to frequent on-off cycling, unlike fluorescent lamps that burn out more quickly when cycled frequently, or HID lamps that require a long time before restarting.
LEDs, being solid state components, are difficult to damage with external shock. Fluorescent and incandescent bulbs are easily broken if dropped on the ground.
LEDs can have a relatively long useful life. One report estimates 35,000 to 50,000 hours of useful life, though time to complete failure may be longer. Fluorescent tubes typically are rated at about 30,000 hours, and incandescent light bulbs at 1,000–2,000 hours.
LEDs mostly fail by dimming over time, rather than the abrupt burn-out of incandescent bulbs.
LEDs light up very quickly. A typical red indicator LED will achieve full brightness in microseconds; Philips Lumileds technical datasheet DS23 for the Luxeon Star states “less than 100ns.” LEDs used in communications devices can have even faster response times.
LEDs can be very small and are easily populated onto printed circuit boards.
LEDs do not contain mercury, while compact fluorescent lamps do.
The above is taken from Wikipedia
Disadvantages of using LEDs
LEDs are currently more expensive, price per lumen, on an initial capital cost basis, than more conventional lighting technologies. The additional expense partially stems from the relatively low lumen output and the drive circuitry and power supplies needed. However, when considering the total cost of ownership (including energy and maintenance costs), LEDs far surpass incandescent or halogen sources and begin to threaten compact fluorescent lamps. In December 2007, scientists at Glasgow University claimed to have found a way to make Light Emitting Diodes brighter and use less power than energy efficient light bulbs currently on the market by imprinting the holes into billions of LEDs in a new and cost effective method using a process known as nanoimprint lithography.
LED performance largely depends on the ambient temperature of the operating environment. Driving the LED hard in high ambient temperatures may result in overheating of the LED package, eventually leading to device failure. Adequate heat-sinking is required to maintain long life. This is especially important when considering automotive, medical, and military applications where the device must operate over a large range of temperatures, and is required to have a low failure rate.
LEDs must be supplied with the correct current. This can involve series resistors or regulated power supplies.
The spectrum of some white LEDs differs significantly from a black body radiator, such as the sun or an incandescent light. The spike at 460 nm and dip at 500 nm can cause the color of objects to be perceived differently under LED illumination than sunlight or incandescent sources, due to metamerism. However, it should be noted that color rendering properties of common fluorescent lamps are often inferior to what is now available in state-of-art white LEDs.
LEDs do not approximate a “point source” of light, so cannot be used in applications needing a highly collimated beam. LEDs are not capable of providing divergence below a few degrees. This is contrasted with commercial ruby lasers with divergences of 0.2 degrees or less.
There is increasing concern that blue LEDs and white LEDs are now capable of exceeding safe limits of the so-called blue-light hazard as defined in eye safety specifications such as ANSI/IESNA RP-27.1-05: Recommended Practice for Photobiological Safety for Lamp and Lamp Systems.
The above is taken from Wikipedia
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