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Philips Executive: LEDs Will Be Bigger Than Conventional Sources by 2015

Posted on 2/10 by Craig DiLouie A Reuters article published today focused on Philips’ investments in LED lighting, estimating the company has invested 4 billion euros–about $5.5 billion–in green technologies:

  • Philips’ sales in 2009 reached 6.5 billion euros
  • In Q409, LED-based products comprised 10+% of Philips’ lighting sales
  • Philips executive Niels Haverkorn: “In terms of value around 2015, LED will be bigger than conventional light sources.”
  • Philips estimates LEDs made up 6-8% of the 45-50 billion euro global lighting market in ‘09
  • Expects global lighting market to grow to more than 80 billion euros by 2015
  • The current cost of warm white LED is estimated at $46/1,000 lm
  • The current cost of cool white LED is estimated at $25/1,000 lm
  • By 2015, the cost of warm LED is expected to fall to $4/1,000 lm and the cost of cool LED to $2/1,000 lm