German LED market grows rapidly, the government allocates 410 million euros to promote light technology research and development

The German government will allocate 410 million euros from 2012 to promote the development of optical technology. In the optical technology market, Germany has a lot of potential for designing production processes and for owners of new high-tech materials. Especially in the field of LEDs, Germany is not only one of the largest and fastest growing markets in Europe. According to the assessment, the growth rate of the German LED market will maintain an annual growth rate of 26.6% by 2016.

At present, one-third of German street lighting has been used for more than 40 years and will be replaced. According to the new EU regulations, it is forbidden to install mercury lamps. Therefore, energy-efficient LEDs used in streets and buildings will save €1 billion a year for German cities.

Experts from the German Federal Foreign Trade and Investment Agency said that Germany's huge market and attractive research and development environment, as well as the outstanding supply chain of mechanical equipment for LED, provide ideal investment conditions for Chinese companies. Chinese companies can also Take advantage of the advantages of production in Germany, as well as brands made in Germany to gain more access to the European market.

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