Written by
Carol CairnsDecember 01, 2009
Two manufacturers (Philips and Lemnis) announced their new lighting product this month. Both are similar in shape to the common 60-watt incandescent light bulb. Both bulbs will be mass produced and are expected to be available in 2010. The bulb will cut energy by 80 percent and last 25 times longer than the common 60-watt bulb. The bulb has the same white light common in incandescent bulbs, avoiding the bluish tone that many CFLs (Compact Fluorescent Lamp) initially had.
Price is expected to be significantly higher than a regular bulb due to the manufacturing costs. We anticipate an initial offering of less than $40. As the LED lighting market takes off, the price will decline. We expect a price of $30 by the end of 2010 and $10 within five years.