Germany Turns the Spotlight on LED Technologies
BERLIN, June 25, 2012 /PRNewswire/ –
With an expected double digit annual growth through 2018, the German LED lighting
sector is expanding rapidly. The new energy era in Germany has sparked a greater focus on
the life of energy sources, in addition to taking a fresh look at the energy supply. LED
and OLED companies are well positioned for the next growth phase within the lighting
industry, say Germany Trade & Invest experts, who will be at this year’s LED/OLED Expo in
South Korea from June 26 until June 29.
“The energy revolution in Germany is enabling many infrastructural upgrades. Several
German cities have already begun testing LEDs in street lamps and in buildings,” stated
Jonathan Schoo, electronics and microtechnology expert at Germany Trade & Invest in
Berlin. “The German automobile industry is also exploring the advantages of LEDs, which
could draw in valuable investments,” continued Schoo.
The LED lamp industry in Germany is expected to produce a compound annual growth rate
of 27 percent between 2008 and 2018, according to Frost & Sullivan, a market research
company. Many municipalities in Germany see 50 percent of total energy costs being devoted
to lighting. Newly installed LED fixtures have the potential to bring down energy used in
street lighting by 80 percent.
“There is a call for foreign investment to support increasing LED installations.
Germany provides an excellent infrastructure and a skilled workforce for international
companies interested in taking advantage of the recent energy shift in the country,”
Germany Trade & Invest is the foreign trade and inward investment promotion agency of
the Federal Republic of Germany. The organization advises foreign companies looking to
expand their business activities in the German market. It provides information on foreign
trade to German companies that seek to enter foreign markets.
Germany Trade & Invest Andreas Bilfinger Email: firstname.lastname@example.org T: +49(0)30-200099-173 F: +49(0)30-200099-511 http://www.gtai.com http://twitter.com/gtai_com http://youtube.com/gtai http://www.linkedin.com/company/germany-trade-&-invest
SOURCE Germany Trade and Invest