Recently, the head of global LED lighting giant Cree Hong Kong said that according to the orders from many customers and Cree in 2011, almost all have doubled growth! It is very optimistic for the 2011 LED lighting market.
According to him, Cree has promoted the results of the LED City project in several cities around the world, and has already implemented this project in several cities in North America, Europe, India, China and Japan. Cree's 650 stores in the United States installed LED lamps. Compared with ceramic metal halide lamps, LED lamps can save up to 82% of energy and electricity. After using LED lighting in North America, the power saving efficiency is 78%.
In 2010, the global LED lighting market penetration rate is 5%. In 2012, the market penetration rate will exceed 10%. Based on the analysis of past product price decline patterns, the new product market penetration rate will exceed 13.5%, and the new product introduction speed will grow substantially. According to the manufacturer's estimate, LED's penetration rate in the lighting market will reach 50% by 2015.
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