Cost-benefit Analysis of Replacing Traditional Lights to Light Emitting Diode (LED) Lights for Industrial Fishing Vessels of Bangladesh

Abstract

Light Emitting Diode (LED) lights require less energy to produce one kilowatt of light than incandescent, halogen, mercury and fluorescent lights, leading to a decrease in fuel consumption and carbon dioxide gas emissions. The study found that LED lighting uses, on average, 40% less energy than fluorescent lighting and 80% less energy than incandescent lighting to provide the same amount of light.

In the present study, the economic and material performance of two Bangladeshi commercial fishing vessels, F.T. Agro Food 2 and F.T. Agro Food 3, were evaluated using light emitting diode (LED) lamps instead of the old lighting system. The results demonstrate that, compared to conventional lighting systems, LED lamps consume less fuel – specifically 16 tonnes less annually for F.T. Agro Food 2 and 18 tonnes less annually for F.T. Agro Food 3. Also, due to their better material specifications, LED lighting systems offer a longer lifespan, a relatively reduced explosion risk i.e. less heat dissipation, and are more eco-friendly. Therefore, this study recommends the prospective decision makers of the fishing vessel industry to recognize the advantages of energy saving technologies, such as LEDs, and implement such measures to enhance energy efficiency.