LEDs are small, robust and energy efficient. They are durable and provide many more creative possibilities than conventional lighting in terms of colour, dynamics, control and intelligence. This means that by using LEDs people can do more than ever before to create new moods, scenes and applications to suit their needs. Some of the products showcased by Philips include the retrofit MasterLED lamp -- an ideal solution for 24/7 applications. The lamp is energy efficient and lasts more than 20 years, which makes it maintenance free. Commenting on Philips presence at Light+Building 2008, Rudy Provoost, CEO, Philips Lighting, said, “Over the past two years, we have invested close to €4 billion to acquire leading players in solid-state lighting, and we now see clearly how synergetic these companies are. Together with the rapid advances in LED technology, we can now offer a world-beating range of LED-based solutions for general illumination and scene setting, which are set to radically change the way we all think about lighting.” The rapid advances in LED technology make it possible for Philips to accelerate the introduction of exciting LED-based luminaire systems into the field of general illumination. The market for professional solid state luminaire systems is expected to grow by more than 30 per cent, from €700 million in 2007 to €1.5 billion in 2010. |