Local News

Cree Survey Suggests Rapid Growth for LED Lighting

Posted April 28, 2006

— Cree

says the results of a new survey on the adoption and overall benefits of LED lighting are more than optomistic. Half of decision-makers polled at an industry trade show earlier this week expect LEDs to represent more than 50 percent of thier lighting sales by 2009.

Conducted for Cree at Light+Building 2006 in Frankfurt, Germany, the survey revealed extraordinary optimism among lighting industry executives, architects, designers, engineers and other decision-makers regarding the growth of the LED lighting market.

"The results of this survey reflect what we have been hearing from our customers, both at Light+Building 2006 and in general," said Mark McClear, Cree director of marketing for lighting LEDs. "We believe results showing the expected transition to LED lighting over the next few years validate the benefits offered by LEDs and confirm Cree's belief that the lighting market is on the verge of a major shift.

Out of 123 trade show participants polled, 50 percent of respondents stated they have seen a 20 percent to 60 percent growth rate for LED lighting applications in their businesses over just the past six months. Furthermore, 61 percent of respondents believe LED lighting will replace fluorescent lighting in office and commercial spaces within five years. The results indicate an increasingly pervasive acceptance and awareness of the benefits of LED lighting, which include energy savings, long life, high quality of light and the ability to use LED lights in innovative and inspiring new light fixtures and applications.

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