2012-12-04
Due to the global economic downturn, demand for LED lighting has been weakening. Meanwhile, efficiency and price-performance ratio have been increasing, and the penetration rate of the LED lighting market is expected to continue rising. Market observers believe the CAGR of the LED lighting market from 2011-2016 will reach 17%. According to Brian Fisher, director of Corporate Marketing at US-based Bridgelux, LED demand from emerging markets such as China and India have been slowing down in 2012. Nevertheless, the US market is expected to see growing LED de...
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