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The LED Market in Germany is Growing Rapidly
GDR will allocate funds--410 million euros for promoting light technology research since 2012. Germany has a lot of potentialis in the light of the technology market in both design process and the owner of new high-tech materials . Especially in LED field, Germany is not onlyone of Europe's largest but also the fastest growing on the market. According to the assessment, the LED market in German turnover growth rate will keep annual increase 26.6% of the in 2016 .
Now a third of the German street lighting has been used more than 40 years, which will be displaced in succession. According to the European Union of new rules, install mercury vapor will be prohibited. So the energy saving and efficient LED is used for the streets and buildings for the German city of each year to save 1 billion euros.
The German federal foreign trade and the amounting experts said, Germany has huge market and attractive r&d environment, and the supply chain of LED outstanding mechanical equipment will provide the ideal investment conditions for Chinese enterprises , the Chinese enterprise still can make full use of the advantage of production in Germany, and the German manufacturing brand get more opportunities to enter the European market.