FREE subscription
Subscribe for free to receive each issue of Semiconductor Today magazine and weekly news brief.


29 January 2008


LEDs to be common in office, garage and residential lighting by end 2008

LED maker Cree Inc of Durham, NC, USA has announced the results of an independent survey on the adoption, deployment and benefits of LED lighting that 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 was conducted at the end of October at the 2007 Hong Kong International Lighting Fair (the largest lighting show in Asia and the second largest in the world) by independent third-party firm Mindwave Research Inc on behalf of Cree.

Key findings of the survey include that:

  • 72% of respondents have witnessed a growth rate of more than 20% for LED lighting applications in their businesses over the past six months.
  • 63% believe that LED lighting will comprise more than half 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%), residential indoor (17%), retail/display (17%) and office (15%) cited as the leading opportunities.

“The survey results present us with a clear and positive picture of growth patterns and expectations from leaders in fixture design and manufacturing,” says Cree’s director of corporate marketing Greg Merritt. “The survey shows an increasing demand for the high-quality, energy-efficient LEDs that Cree currently provides and is continuing to develop,” he adds. “The general illumination market is at a tipping point.”

See related items:

Cree considers adding Asian chip fab in next few years

LED lighting market to near $1.4bn by 2012

More LED power and efficiency needed to profit from general lighting market

LED market returns to double-digit growth in 2007

Analysts forecast seven-year wait before LEDs penetrate home lighting market

Search: Cree LEDs LED market