Topic:
Industry
It’s reported that the market for high-brightness light-emitting diodes (HB-LEDs) in lighting applications grew 64% in 2007 to $337m, up from $205m in 2006. According to related analysis and forecast, the HB-LED lighting market should reach $1.65bn in 2012.
In recent years, HB-LEDs have demonstrated dramatic improvements in performance, as well as significant cost reduction, such that they are undergoing a period of rapid market growth in a variety of niche and general lighting applications.
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