Why is it that LED lighting is becoming cheaper and cheaper?
Why is it that LED lighting is becoming cheaper and cheaper? According to the CEO of Philips Lighting North America, LED lighting will play a very dominant role in the future when it comes to interior lighting. LED lighting has experienced a lot of positive developments and is, therefore, being used by more and more people around the world. They replace traditional lightings such as incandescent and halogen lamps. And since LED lighting lasts much longer and can also greatly reduce costs, this is a trend that will most likely only continue. It is therefore expected that half of all the lamps sold will not only be LED lamps but that this will even rise to 75 percent by 2020, which is, of course, an insanely large growth. Always cheaper Due to the lower production costs but also due to the ever-increasing competition, the price of the LED lamp will fall particularly quickly. The advantage of this is that LED lighting will become much more accessible to consumers in this way. Now...

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