Germany Trade & Invest joins the LED/OLED industry to share investment
opportunities in Germany
BERLIN, June 25, 2012 /CNW/ - 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," concluded Schoo.
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.
SOURCE Germany Trade and Invest
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Germany Trade & Invest