LED lamp prices will "plunge" by 2015

On the morning of June 17th, Beijing time, Alan Salzman, chief executive of VantagePoint Capital Partners, an investment company in Silicon Valley, said on Thursday that due to the fierce competition brought about by the strong market demand for this energy-saving lamp, The price of LED lights will "plunge" in the next three years.

Allen Salzman made the above prediction when he was interviewed on television. He said that LED lamp prices may fall by more than 90% by 2015. He pointed out that incandescent lamps have been eliminated in Europe, and the United States’ energy-saving policy will also prohibit the use of bulbs with more than 100 watts in 2012. LED lamp manufacturers will receive a huge share of the global lighting market with a total of $40 billion.

He pointed out that traditional light bulb manufacturers including General Electric and Royal Philips Electronics are beginning to switch to LED lights; and startups have begun to develop low-cost LED lights, and certainly can be assigned a benefit from this market.

Alan Salzman stressed that “we are still just at the beginning of LED, and even in the commercial products, the high-quality varieties are still limited.” VantagePoint Capital Partners, which has helped the electric sports car manufacturer Tesla Motor successfully launch the market Has invested more than US$750 million in 32 clean energy technology companies, including four LED lamp manufacturers: Switch Bulb Co., Bridgelux Inc., and Huga Optotech Inc. And Swedish Glo Group (Glo AB.).