Philips is committed to LED lighting

DIGITIMES Research pointed out that, according to foreign reports, Jin Runyong (translation),Vice President of lighting business of South Korea Philips (Philips),said that, in the next 5 years, LED lighting will have explosive growth, after 2015, 70 % of Philips lighting products will use LED.

Currently in the overall Philips Lighting, the proportion of LED lighting is single digits, but the products being developed currently, 80% for LED lighting. Lighting companies in the world ranked No. 1 in the Philips so committed to the development of LED lighting, mainly because LED is not only a tool for businesses to pursue profits, but also over the country and by consumers to conserve energy to do the social responsibility of enterprises, national, national to achieve a win-win situation. Jinrun Yong said that in the Asian region, to South Korea and Japan, the development of LED lighting, more advantages, perhaps the second half of 2011, consumer understanding and acceptance of LED will be promoted, this observation is the result of LED lighting products currently account for cost about 70 ~ 80% of the LED chip prices fell, and all enterprises to expand production capacity, chip prices almost every 6 months dropped by 50%.

Philips plans in June 2011 to 2 million won (about $ 17.64) Price launched optical performance of 60 lumens per watt of led lighting products, compared to products introduced in 2010, 1.5 times the brightness of the product, the price is lower , and through E-Mart hypermarkets in South Korea in April started selling lighting products, nearly 7 months sales have increased more than 10 times.

However, to make South Korea the lighting market is more active, Jinrun Yong said the cooperation with the South Korean small and medium enterprises can not be confined to a single enterprise, but need more dollars to explore, is currently seeking joint venture and signed a Memorandum of Understanding (MOU), will be held within 30 days officially published. He said it is preparing a wide range of lighting products, architecture components to solutions from all areas such as Philips LED lighting, the future will be the world's No. 1 position, continued market leadership forward. From: wholesale LED lights