According to Panasonic, the number of LED bulbs produced by the company has achieved to 48, however, the number of incandescent bulbs has greatly dropped from 207 in 2008 to 4. In the mean time, its competitors Toshiba and Mitsubishi Electric have already to stop production of incandescent bulbs.
Since 1936, the output of incandescent bulbs manufactured by Panasonic has amounted to 3.3 billion. And lighting has 20% share in the whole electric power demand in Japan. If all of incandescent bulbs are replaced by LEDs or energy lightings, it will greatly reduce the consumption of electric power. Currently, the share of low efficient lights achieves to 60% in Japanese lighting market.
Hai pointed out that a sign of the general decline was South Korea's launch of a low-price strategy to gain market share, followed by the adjustment downward of prices by distributors in the United States in June. and after a price reduction of 40 percent globally in 2011, LED product prices will fall another 20-30 percent in 2012.
InfiniLED, backed by ScienceWorks Ventures plc and a Tyndall National Institute (UCC) spin-out, has signed an access agreement with Tyndall National Institute, Cork (Tyndall).
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