[High-tech LED News] Panasonic Corporation announced that it plans to increase the sales revenue of the Group's LED lighting business to more than 200 billion yen by 2015, and the global market share will reach 10%.
With the improvement of Japanese people's awareness of power saving, it is expected that domestic LED lighting demand will grow. Panasonic will increase sales in Japan and focus on expanding its business in overseas markets such as China.
According to the plan, the sales revenue of LED lighting related components and light bulbs will reach 160 billion yen in the domestic market and 40 billion yen overseas, totaling 200 billion yen. The proportion of LEDs in the entire lighting business will increase to 50%.
Panasonic will significantly expand sales in the domestic market by enriching its product models, and will focus on building lighting fixtures and household bulbs in China. The company will also strengthen the sales of parts for lighting manufacturers in Europe and the United States.
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