China has a huge market demand for conventional lighting. The country’s market for incandescent light and CFL in 2012 reached 1.18 billion lamps and 1.27 billion respectively. Fluorescent tube light market demands reached 830 million, while circular fluorescent lamp market demand was at 800 million. In addition, the nation’s halogen lamp market demand was at 755 million. If all these lights are replaced with LED luminaire products, it would be a massive market. Cree CEO Charles Swobodo once made a statement that the company’s goal is to replace every single incandescent light bulb.