Germany Trade&Invest experts will participate in the 2012 LED/OLED Expo,scheduled from June 26 to 29 in South Korea.
According to these experts,the German LED lighting sector is showing a rapid growth with an anticipated double digit annual growth through 2018.This growth will transform the energy supply,Germany'new energy era is focusing on the life of energy sources.LED and OLED companies are well established within the lighting industry for the subsequent growth phase.
Germany Trade&Invest's electronics and microtechnology expert,Jonathan Schoo said that several infrastructural upgrades have been achieved following the energy revolution in Germany.LEDs are being tested in the street lamps and buildings in various German cities.The German automobile industry is studying the benefits of LEDs that could lead to key investments.
According to Frost&Sullivan,Germany's LED lamp industry will represent a CAGR of 27%between 2008 and 2018.Several German municipalities have witnessed that half of the total energy costs is allocated to lighting.Newly installed LED fixtures,when used for street lighting,are capable of reducing energy consumption by 80%.
Schoo further commented that the company has received foreign investment to support the growing LED installations.With an outstanding infrastructure,Germany has provided foreign companies with expertise workforce to benefit from its latest energy revolution.
Germany Trade&Invest is Federal Republic of Germany's foreign trade and inward investment promotion agency.This organization directs international companies that anticipate expanding their business activities within the markets of Germany.Furthermore,it also enables German companies to efficiently carry out foreign trade.
