As we try to save energy and make our lifestyle more environment-friendly, one area that holds potential for innovation is lighting. Because lighting is such a core part of our modern life, new energy-efficient technologies such as light emitting diode (LED) can make a real difference at our homes and workplaces.
A special trade show that took place in Germany this month focused on this very topic – energy efficiency in lighting and buildings. The Light + Building Fair, held at the Messe Frankfurt in Germany from April 15 through 20, showcased the latest innovations in lighting, electrical engineering, and house and building automation. About 183,000 visitors including architects, interior designers, and engineers gathered at this biennial event.
And among the 2,100 exhibitors was also Samsung Electronics. Our LED division unveiled a wide range of LED technology and products under the theme of ‘Light up your imagination’. Over 100 items ranging from LED packages to LED engines and retrofit were introduced to customers, business partners and journalists from around the European region.
Using light-generating semiconductors, LEDs provide longer-lasting lighting with less power compared with traditional light sources. For example, when compared with the conventional incandescent lamps, Samsung’s LED bulb reduces energy use by 75 percent and lasts 30 times longer. Now research companies expect the market for LED lighting to grow to $3 billion by 2015 from $1.8 billion in 2011.
Even prior to its recent appearance at the international trade fair, Samsung’s technology expertise in LED had already earned global reputation, taking up the second-largest market share in the global LED market since 2010 – just one year after Samsung LED Co., Ltd. was established in 2009.
With the LED company recently been merged with Samsung Electronics, effective this April, we are now taking further steps to nurture our LED technology as one of Samsung’s key growth engines for the future. Samsung’s decades-long leadership and research experience in the semiconductor business is poised to speed up the process. We hope to come back to you soon with more news about LED’s innovations!