Philips (PHG): “LED Will Represent 1/2 Of Global Lighting Market Within 5 YRS”

Posted by | # |
11:42:17 am on January 31, 2011

Philips (PHG), which is a big global player in the led lighting segment, believes the LED light source market will expand to over $15 billion and the led lighting device market to over $40 billion by 2015, representing half of the global lighting market.  They see LED lighting accounting for 75% of the global lighting market by 2020.

==> Click Here For Your FREE Daily Philips Analysis

The company indicated it will allocate 75% of its lighting R&D budget to LED lighting solutions this year, up from 65% last year and 57% the year before.  Much of the global growth in LED is expected to come from Asia and other emerging markets which currently represents nearly 40% of its lighting business.  Overall, with growth driven by LED demand, Philips posted year over year growth in its lighting business for Q4 of 37%.

 

Tags: , ,
 
If you enjoyed this post, please consider to leave a comment or subscribe to the feed and get future articles delivered to your feed reader.

Comments  

No comments yet.

Leave a comment

(required)

(required)


*