Turkey's LED market will reach 3. In 2022. $4. 4 billion

by:ALLTOP      2020-03-25
Recently, the author learned from foreign media reports that Research and Markets, a market Research company, released a report on the promotion factors, opportunities, trends and forecasts of the Turkish LED market from 2015 to 2020, from 2016 to 2022 is expected to Turkey LED market will to 15. The annual compound growth rate of 6 has increased. Recently, the author learned from foreign media reports that, research and Markets, a market Research company, has released a report on the promotion factors, opportunities, trends and forecasts of the Turkish LED market from 2015 to 2020. From 2016 to 2022, it is expected that the Turkish LED market will be 15. The annual compound growth rate of 6 will increase, and by 2022, the market size will reach 3. 5%. $4. 4 billion. LED market analysis reports are mainly based on the main application areas of products: lighting, display and backlight, mobile equipment, marking and billboards and other products. The lighting field is further divided into indoor lighting and outdoor lighting, and the products are divided into bulbs, street lamps and spotlights. In the Turkish market, the application market of LED in the field of signs and billboards is expected to grow at a high rate. Turkey decided to develop intellectual property rights of LED products and replace LED lights with lighting to reduce energy consumption, which greatly promoted the development of Turkey's LED lighting market. As the government coordinates and increases the use of LED Wick, other LED products are also beginning to grow at a high speed in the country. As the government invests in outdoor lighting replacement, 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. The ban on the use of halogen lamps in Europe has also provided some opportunities for Turkish manufacturers to export manufacturing and LED lighting products to Europe. Some Turkish manufacturers, for example, Atil Aydinlatma and others have begun to export LED lighting products to European countries.
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