The LED Lighting Exodus: Samsung joins Philips and Siemens

Samsung Electronics announced, in late October, that it will exit the LED lighting business outside of South Korea, u-turning on what was identified as a key growth business unit just 4 years ago. The decision is the latest example of a large industrial conglomerate dimming its presence in the modern lighting industry. Analysts suggest new LED-only entrants are making life difficult for companies like Philips, GE and Siemens, who had long histories in conventional, incandescent lighting technologies. Earlier in the year we analysed the Global market for LED Lighting in depth, in our report - LED Lighting in Buildings 2014 to 2018 Samsung’s announcement came just under a month after, Dutch electronics group, Philips said it is seeking “alternative ownership” for its lighting business, and a little over a year after Siemens spun off its Osram lighting company. GE, meanwhile, has denied rumours that it is selling its lighting group. Instead, it has shaken up […]

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