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Monday, June 29, 2009

Strategies Unlimited forecasts high growth rates for LED replacement-lamp market

Market conditions are right for the LED replacement-lamp market to accelerate in the next few years, according to a new market report by Strategies Unlimited (Mountain View, CA). Dramatic improvements in commercially available LED performance in recent years, as well as significant cost reduction, has made it feasible to design LED lamps to offer comparable lumen output and to compete with other established lighting technologies on the basis of cost of ownership. The market is in a state of flux as utilities, energy efficiency organizations, and customers look for optimum solutions that save energy, minimize the cost of ownership, and give acceptable quality of light. Customers are in the process of being educated about comparing cost of ownership rather than the initial price of lamps.

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