urvey taken at the recent 2007 Hong Kong International Lighting Fair validated the strong global growth for LED lighting applications, according to Cree Inc. The survey established awareness of the energy-efficiency benefits of LEDs and indicated that the adoption trend should continue through the end of the decade.
The survey found 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.
In addition, the survey stated that 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.
