Cree Inc announced the results of an independent survey on the adoption, deployment and benefits of light emitting diode (LED) technology. The survey, taken at the 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.
The survey found that nearly three-quarters of the 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 believe LED lighting will comprise more than 50 percent of their sales or installations by 2009. Furthermore, the survey showed respondents expect future growth in the LED lighting market to come from a mix of applications.
Survey respondents represent top decision-makers at lighting manufacturers who were at last year’s Hong Kong International Lighting Fair. However, nearly half were from nations outside Asia.
“The general illumination market is at a tipping point,” said Greg Merritt, director of corporate marketing, Cree.
The survey results indicate the illumination market tipping toward LEDs.