PHILPS estimates the next 3 years the global LED lighting market size of the annual growth rate of breaking into 3

Holland Dachang PHILPS (Philips) recently estimated the size of the global LED lighting market in the next 3 years, the annual growth rate of more than 30%.

Estimated in 2010, the size of its market will grow from about 700 million euros in 2007 to Euro 1 billion 500 million.

PHILPS recently completed the LumiLEDs, TIR, Color Kinetics, Partners and Lighting and Genlyte and other related company mergers and acquisitions, has now for vertical integration of the entire solid state lighting products, the company also provides the first global building full use of LED lighting solutions is located in Paris Champs Elysees Street Generali insurance company office.

Source: LEDinside