General Electric expects to nearly double its LED lighting business in Asia next year from last year, accelerating the trend towards light-emitting diodes as the new primary lighting source.
“This year we’ll grow our LED sales in Asia by 26 per cent. For me, this is still much too slow. Next year, we want to grow it by 60 per cent,” Henry Eng, president and chief executive of GE Light Asia, said in an interview with The Nation yesterday.
LED is set to “revolutionise” the lighting industry worldwide. From accounting for just 18 per cent of the US$66-billion (Bt2.1 trillion) lighting market last year, LED is forecast to dominate as much as 70 per cent of the $100-billion global lighting market by 2020.