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The LED industry is expected to boom on the adoption, deployment and benefits of LED lighting by the end of this year, according to an independent survey conducted at the Hong Kong International Lighting Fair.

The survey, conducted by solid-state lighting components marketer Cree, found that LED lighting will become the most commonly used in offices, parking garages and residential outdoor applications.

The survey confirms a strong global demand increase for LED lighting products. It reveals that, globally, an increased awareness is developing around the benefits of energy-efficient LEDs. According to Cree, this indicates that the adoption trend should continue through to the end of the decade.

The survey found that nearly three-quarters (72%) of the respondents have experienced a growth rate in excess of 20% for LED lighting products in their businesses during the last six months.

Almost two-thirds of the respondents (63%) said that they believed that LED lighting would be accounting for 50% of their sales and installations by 2009.

The respondents expect the LED lighting market to grow within a variety of application areas, with  the highest being:

• Street and parking at 20%,
  
• Indoor residential at 17%,
  
• Retail and display at 17% and
  
• Office at 15%

Survey respondents represent top decision-makers and lighting manufacturers who attended the 2007 Hong Kong International Lighting Fair, which is the largest lighting show in Asia and the second-largest in the world. Nearly one-half of the survey respondents were from outside Asia, reflecting the survey’s global reach.

“The survey results present us with a clear and positive picture of LED lighting growth patterns and expectations from leaders in fixture design and manufacturing. “The survey also shows an increasing demand for high-quality, energy-efficient LED lighting,” says Cree director of corporate marketing Greg Merritt.