SIEMENS LED lighting market is expected to grow faster than the entire lighting industry

German SIEMENS company 21, said that with the growing demand for energy saving equipment market is expected to light emitting diode (LED) lighting market growth will be faster than the entire lighting industry.

SIEMENS said that due to the extensive use of LED lighting equipment, in 2012 the global LED lighting market sales revenue will grow 2 times compared to the current, reaching about EUR 13 billion.

Data show that has been adversely affected by the economic crisis, OSRAM Lighting Co Ltd in 2008-09 SIEMENS's sales revenue declined by 13%, but still ranked LED market sales revenue second, behind PHILPS. SIEMENS CEO Luo Xude also said that the worst time has passed OSRAM.

It is reported that, in response to climate warming, since September 1st this year, the EU began to ban the sale of traditional bulbs.