2008-05-08

Chinese suppliers: LED market to grow

The market for light-emitting diodes is set to grow significantly throughout the year despite an economic downturn, according to Chinese suppliers. A survey of LED light fixture suppliers carried out by Global Sources revealed that 81 per cent believed that exports would grow at ten per cent or more over the coming year. Some 67 per cent even predicted expert sales to be even higher, with expectations reaching 20 per cent or more. The main driver for the export growth was cited as a growing range of LED-based lighting applications.
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