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But today, they are too expensive to use for all lighting applications.
High-voltage light-emitting diodes (LEDs) are under development for various signal and lighting applications.
Costs of L.E.D.'s are still prohibitively high for most lighting applications, but they are coming down, said David Carlsen, a co-manager of the Buffalo Science and Technology fund, which holds Cree shares.
Upfront costs make them too expensive for most general lighting applications, but experts expect that to change over the next five years as prices come down and efficiencies go up.Worldwide about 20% of all electricity generated is used for lighting.
Until, that is, lighting applications take off.
Future lighting applications will strongly benefit from transparent luminescent devices.
Several improvements are required before LEDs can compete with incandescents in general lighting applications.
Cree makes the LEDs that Color Kinetics and others use in lighting applications.
For high-power lighting applications, thermally stable operation of blue LDs is highly desirable.
However, the performance of blue PHOLEDs still needs to be improved for lighting applications.
Compounds containing lanthanum are used extensively in carbon lighting applications, such as studio lighting and cinema projection.
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