New Technologies Limit Lamp Demand Growth

According to a recent report released by Cleveland-based industrial market research firm The Freedonia Group, U.S. demand for lamps is forecast to advance 3.1% per year through 2009 to $5.2 billion. The growth will be limited by competition from alternative lighting technologies such as light-emitting diodes (LEDs) and fiber optic lighting systems, according to Tonia Ferrell, research analyst with

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