German LED market grows rapidly

The German government will allocate 410 million euros in 2012 to promote the development of optical technology. Germany has a lot of potential in the optical technology market both in designing production processes and in the possession of new high-tech material owners. Especially in the LED field, Germany is not only one of the largest and fastest growing markets in Europe. It is estimated that by 2016, the growth rate of the German LED market turnover will maintain an annual growth of 26.6%.

Currently one-third of German street lighting has been used for more than 40 years and will soon be replaced. According to the new EU regulations, the installation of mercury lamps is prohibited. Therefore, the use of energy-efficient LEDs in streets and buildings will save German cities a billion euros annually.

Experts from the Federal Trade and Investment Agency of Germany stated that the huge market and attractive R&D environment in Germany, as well as the supply chain of outstanding mechanical equipment for LEDs, all provide ideal investment conditions for Chinese companies. Chinese companies can also Make full use of the advantages of manufacturing in Germany and the German-made brands to gain more opportunities to enter the European market.