The reporter understands realize from the foreign media reported recently. the market Research company Research and Markets has released the Turkish promoting factors, LED the market opportunities, trends and forecasts from 2015 to 2020. From 2016 to 2016, the LED market of Turkey is expected to 15.6% compound annual rate of growth, by 2022, the size of the market will reach $344 million.
LED market analysis is based on the main applications of the product - lighting, display and backlight, mobile devices, signs and billboards and other products. Lighting is further divided into indoor lighting and outdoor lighting. And products are divided into light bulbs, street lamps and spotlights.The market for leds and billboards in the Turkish market is expected to have the highest growth rate.
Turkey has decided to develop the intellectual property of LED products, replacing LED lights as a lighting alternative to reduce energy consumption, which has greatly contributed to the development of Turkey's LED lighting market.With the government coordinating and increasing the use of LED lights, other LED products have also begun to grow at a high rate in the country.Thanks to the government's investment in outdoor lighting, the penetration rate of LED lighting in Turkey will increase exponentially during the forecast period, replacing traditional halogen lamps and incandescent lamps in rural areas.
Banning the use of halogen lamps in Europe also provide some opportunities to the Turkey manufacturing export and the manufacturers that exporting the LED lighting products to the European. Some Turkish manufacturers, such as AtilAydinlatma have begun to export LED lighting products to European countries.