LG Electronics recently announced its entry into the global lighting market. LG launched its LED product line in Gumi City, Gyeongsangbuk-do, South Korea last September, and plans to increase the annual production of its LED product line to approximately 5 million units in 2012.
LG said that LG Electronics' LED lighting and plasma lighting system (PLS) products have obtained official certificates of energy efficiency, quality, safety and environmental protection from the governments of Europe, China, Japan and South Korea. Based on these authoritative assertions, LG will launch an innovative green business globally by the end of 2011 as a provider of comprehensive lighting solutions.
According to LG, the competitive advantage of LG lighting solutions lies in the company's core optical technology, thermal management technology and circuit design. Yonghwan Kim, vice president of lighting and solutions business at LG Electronics, pointed out: "The concept of green energy, low carbon and environmental protection has been popularized around the world, providing considerable opportunities for companies with core technology and brand awareness."
South Korea's energy management company pointed out that LG's 53-watt LED flat panel lighting products have considerable energy saving advantages, can save 70% energy compared with existing fluorescent lamps, and have a life expectancy of more than 50,000 hours (such as 12 per day) Hours, equivalent to 10 years of life).
According to relevant data, the global solid-state LED lighting market is growing rapidly with an average growth rate of more than 30%. It is expected to replace the traditional lighting market in 2015, when the market value will reach 5.1 billion US dollars.
Guangzhou Bolei Electronic Technology Co., Ltd. , https://www.nzpal.com