VantagePoint Predicts LED Lighting Prices Will ‘Plummet’ By 2015

As more and more demand for green technology rises and the number of competitors increase, VantagePoint Capital Partners, investors in Silicon Valley, expect the price of LEDs to drop by 2015. In fact, VantagePoint’s CEO, Alan Salzman, predicts that prices may fall 90% within three years.

Since the incandescent light bulbs are being phased out, it leaves much room for LEDs to gain hold of the 40 billion dollar global lighting market. Today, Europe has begun phasing out incandescent bulbs and with the recent energy efficiency policy in the U.S., 100-watt bulbs will soon be obsolete in 2012.

However, since the phasing out has just begun in our part of the globe, there hasn’t been much LEDs on the shelves for sale yet. But, Salzman expects that once incandescents are eliminated, more and more startups will develop low-cost LEDs for the general public.

Eager to improve the environment and take a piece of the growing green industry, VantagePoint has invested approximately $750 million in 32 clean technology companies, which include top LED manufacturers.

Wondering why LEDs are so important to the environment? Well, basically, an average LED bulb will save U.S. consumers as much as $7 a year in energy costs compared with incandescent bulbs, and they’ll last for about 30 years, according to Salzman.

For more info, contact us at 1-562-407-3079 or visit http://www.primalighting.com.