Philips: LEDs Shine Bright on 5 Percent of the Lighting Market
Excuse us for being punny, but according to Royal Philips Electronics, LED lighting has a bright future ahead of it. By the end of 2010, Philips reckons LEDs will account for over 5 percent of the global lighting market, more than doubling its 2 percent reach in 2009. That would make LED lighting a $4 billion business.
That figure will seem like chump change once 2015 rolls around, assuming Philips' crystal ball is even semi-accurate. By 2015, Philips predicts LEDs will account for half of the total lighting industry.
At that point, LED lighting will be a $100 billion business, and that doesn't even include LEDs in automobile applications. Architectural lighting drives almost a third of the LED lighting business, though with government promotions and free-falling prices, LEDs have begun replacing traditional light bulbs. In Japan, for example, LED light bulbs now account for 62 percent of the total sales of light bulbs.

Part of a 4.5-million LED light show at Japan's Nabana no Sato theme park.
Image Credit: thepirata.com
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JohnP
October 14, 2010 at 3:21pm
I have yet to use an LED light bulb but I have extensively used Led lights and LED rope lights all over the place. Orangetreetrade has 1" on center 3/8" LED rope lights that use only a watt per foot (I measured them on a Kill-a-Watt). Two 10 footers on the stairs, lining my living room crown moulding, outside on the deck, by the driveway, front door, inside my sunporch. The rest of the house I use compact florescents with a on/off touch switch for Xmas trees from Amazon (truevalue actually cheaper). My computer desk is crowded with LED lights from IKEA to light the keyboard and mouse and light behind the monitor. There is only three incadescent light bulbs in the house, one in my fridge, one in the oven, and one on a dimmer for my bed reading light.
I have converted all interior lighting in my two cars to LEDs also. HIDs for the headlights and LEDs for the tailights.
Don't forget there are other types of lighting coming out besides LEDs. CFLs,HIR,PLN, and ESL ar all being persued by the US and foreign governments.
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