Declining LED prices are driving more Filipino consumers to convert from conventional CFL lights to LEDs, which has in turn led an uptick of LED sales for Philips Lighting in the Philippines market, reported BusinessWorld Online.

“The switch to LED is happening and the people now are more and more aware... They are really viewing energy conservation to be something that can be really helpful for them,” said Christine Villanueva, Philips country marketing manager.

Philips projected that by 2015, 45% of Filipino consumers will be switching to LED lights, said Villanueva.

In some DIY shops in the country, Philips has seen a 50-50 sales share between LED and CFLs.

The lighting industry recorded a 13% share for LED in 2010, she noted.

Villanueva attributed dropping LED prices as the main factor behind consumers switch to LEDs.