Philips is also upbeat about LED lighting market prospects, believing that the global LED lighting market will continue growing and reach a market value of around NT$2 trillion (around US$66.6 billion at NT$30:US$1).
The optimism of Philips is not without foundation. According to news reports, the company has been undergoing reorganization in the past few years and has closed unprofitable businesses like TVs, semiconductors, and monitors. Its lighting business is not only being retained but expanded, mainly to keep up with demand in the global LED lighting market. This new type of LED high bay light is bringing new hope to the old company, which has been in business for more than a century. LED lighting products now contribute around 20% of Philips' total revenue (not including LED chips and packaging).
Philips was a bit late jumping onto the LED lighting bandwagon, but this year it seems to be performing much better than other companies in terms of LED lighting sales.
The current lighting market encompasses more than 80,000 kinds of lighting products, including residential lighting, office lighting, outdoor lighting, transportation lighting, factory lighting, medical lighting, and auto lights, among others. The LED is expected to broaden the field of lighting applications even further.
The optimism of Philips is not without foundation. According to news reports, the company has been undergoing reorganization in the past few years and has closed unprofitable businesses like TVs, semiconductors, and monitors. Its lighting business is not only being retained but expanded, mainly to keep up with demand in the global LED lighting market. This new type of LED high bay light is bringing new hope to the old company, which has been in business for more than a century. LED lighting products now contribute around 20% of Philips' total revenue (not including LED chips and packaging).
Philips was a bit late jumping onto the LED lighting bandwagon, but this year it seems to be performing much better than other companies in terms of LED lighting sales.
The current lighting market encompasses more than 80,000 kinds of lighting products, including residential lighting, office lighting, outdoor lighting, transportation lighting, factory lighting, medical lighting, and auto lights, among others. The LED is expected to broaden the field of lighting applications even further.
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