News Article
Philips: LED market will be more valuable than conventional lighting
Niels Haverkorn, the executive of Philips, has told Reuters that for the first time ever its LED-based products made up more than ten per cent of its lighting sales during 2009's fourth quarter.
Philips executive Niels Haverkorn has revealed that for the first time, LED-based products made up more than ten per cent of the company s lighting sales during the fourth quarter of 2009.
Speaking to Reuters, he said that by 2015 LEDs will be more valuable then conventional lighting.
Indeed, Philips estimates that the global lighting market will grow to more than 80 billion by 2015, although between six and eight per cent of the 45-50 billion sales seen in 2009 were made up of LEDs.
As such, more than 4 billion (£3.5 billion) has been invested by Philips to help it defend its "world-leading position" as the producer of one in four of the world s lights, the news agency reported.
In order to maintain this position it has increased its LED output to combat competition from Osram, Sharp, Samsung and Cree.
Furthermore, Philips Lumileds has announced that it has implemented complete traceability for LUXEON power LED products and it can now pinpoint to the wafer level exactly how each of the hundreds of millions of LEDs were manufactured.
Speaking to Reuters, he said that by 2015 LEDs will be more valuable then conventional lighting.
Indeed, Philips estimates that the global lighting market will grow to more than 80 billion by 2015, although between six and eight per cent of the 45-50 billion sales seen in 2009 were made up of LEDs.
As such, more than 4 billion (£3.5 billion) has been invested by Philips to help it defend its "world-leading position" as the producer of one in four of the world s lights, the news agency reported.
In order to maintain this position it has increased its LED output to combat competition from Osram, Sharp, Samsung and Cree.
Furthermore, Philips Lumileds has announced that it has implemented complete traceability for LUXEON power LED products and it can now pinpoint to the wafer level exactly how each of the hundreds of millions of LEDs were manufactured.