Chicago, IL (PRWEB) March 15, 2013
LEDs are now slowly turning up in an abundance of households all over the world – they are eco-friendly and very cost effective compared to traditional incandescent bulbs. Incandescent bulbs have dominated the industry for years now and it is time for the LED to be the new alternative; LED companies are trending and Greg Sebasky, chief executive officer of Philips, agrees, as he recently made a statement saying LED lighting is expected to grow by 40 percent this year.
Specifically for Philips, in an article from businessweek.com, “the company sees a ‘growth tipping point’ with the debut this year of its 60-watt equivalent LED light bulb.” Sebasky said people are starting to distinguish LED lighting as long-lasting, superior product; they are making convenient LED products that “the company expects can save the average homeowner about $250 in electricity costs each year.”
The price of LEDs has always been a factor but not only will it save the consumer more money in the long run, the prices of these energy efficient bulbs is expected to steadily fall as the years progress.
LED lighting technology is on the fast track to growth and it is the company that begins to establish themselves now, like Philips, which may control this aspect of the industry. The more opportune LED-driven products that are made, the more consumers will find that these products are not only beneficial and plentiful, but also here to stay.
Littman Bros definitely sees a new future for LED lighting and as a knowledgeable and favored lighting retailer, we expect to see more and more alliances between LED companies and fixture manufacturers, resolving any future compatibility issues with LED lamps and fixtures.
It’s been known that LED lighting applications were popular very quickly in commercial applications but with new and innovative designs and up and coming LED technology, it is likely homeowners will make the switch and embrace what they’ve been missing for so long.