Jan 29 2008
Cree, Inc., a market leader
in LED solid-state lighting components, announces the results of an independent
survey on the adoption, deployment and benefits of LED lighting. The survey,
taken at the recent 2007 Hong Kong International Lighting Fair, validates strong
global growth for LED lighting applications, confirms awareness of the energy-efficiency
benefits of LEDs and indicates that the adoption trend should continue through
the end of the decade.
Key survey findings include:
- Nearly three-quarters (72 percent) of respondents have witnessed a growth
rate in excess of 20 percent for LED lighting applications in their businesses
over the past six months.
- Almost two-thirds of respondents (63 percent) believe LED lighting will
comprise more than 50 percent of their sales or installations by 2009.
- Future growth in the LED lighting market is expected to come from a mix
of applications - with street/parking (20 percent), residential indoor
(17 percent), retail/display (17 percent) and office (15 percent) cited as
the leading opportunities.
Survey respondents represent top decision-makers at lighting manufacturers
who attended the 2007 Hong Kong International Lighting Fair - the largest
lighting show in Asia and the second largest in the world. Nearly half the respondents
to this survey were from outside of Asia, reflecting the survey's global
reach.
"The survey results present us with a clear and positive picture of growth
patterns and expectations from leaders in fixture design and manufacturing,"
said Greg Merritt, director of corporate marketing, Cree. "The survey
shows an increasing demand for the high-quality, energy-efficient LEDs that
Cree currently provides and is continuing to develop."
"The general illumination market is at a tipping point," Merritt
said. "Cree's industry-leading XLamp family of high-performance
cool- and warm-white LEDs is uniquely positioned to serve the needs of lighting
manufacturers who are ready to capitalize on this growth."