DUBLIN--(BUSINESS WIRE)--Research and Markets has announced the addition of the "Turkey Light Emitting Diodes (LEDs) Market - Drivers, Opportunities, Trends, & Forecasts: 2015-2022" report to their offering.
The LEDs market in Turkey is expected to grow at a CAGR of 15.6% during the forecast period 2016-2022 to reach $344.0 million by 2022
The LEDs market is analyzed based major application areas - lighting, displays & backlights, mobile devices, signs & boards, and others. The application area of lighting has further been divided into sub-segments such as indoor lighting and outdoor lighting along with bifurcation into the products of bulbs, street lights and spotlights. LED signs & boards segment is expected to grow with the highest growth rate among application areas for LEDs in the Turkish market.
Turkey's decision to develop LED product expertise and replace lighting with LED lighting in order to reduce the energy requirements has resulted in the big boost for Turkey's LED lighting market. With governmental coordination and increased availability of LED chips, the other LED product markets have also started growing at a high pace in the country. Owing to the government investments in outdoor lighting replacement, LEDs' lighting penetration in the country is expected to increase exponentially during the forecast period replacing the traditional halogen and incandescent lamps even in rural areas.
The ban of halogen lamps in Europe has provided another opportunity for Turkish lighting product manufacturers to manufacture and export LED lighting products to the European countries. Some of the manufacturers in Turkey such as Atil Aydinlatma have even started exporting LED lighting products to the European countries.
The study covers and analyzes the Turkey LEDs market. Bringing out the complete key insights of the industry. the report aims to provide an opportunity for players to understand the latest trends, current market scenario, government initiatives, and technologies related to the market. In addition, helps the venture capitalist in understanding the companies better and take informed decisions.
Key Topics Covered:
2 Executive Summary
3 Market Overview
4 Turkey LED Market Analysis
5 Turkey LED Market Supply Analysis, by Key Players
6 Supplier Profiles
- METSAN LIGHTING
- General Electric
- Atil Aydinlatma
For more information about this report visit http://www.researchandmarkets.com/research/cdbszf/turkey_light