According to the report analysis, ‘Turkey Light Emitting Diodes (LEDs) Market
- Drivers, Opportunities, Trends, & Forecasts: 2015-2022’ states
that the LEDs market in Turkey is estimated to increase at a foremost CAGR of
15.6% during the forecast period of2016-2022 to reach USD 344.0 million by
2022. Not only has this, the report also suggests that in the market of light
emitting diodes across the Turkey there are numerous key players which are
recently functioning in this sector more actively for attaining the high value
of market share and leading the fastest market growth throughout the short span
of time while increasing and developing the working strategies of producing the
product and studying the government stringent regulations more positively and
enormously includes OSRAM, METSAN LIGHTING, PHILIPS, General Electric, At?lAyd?nlatma
and several others.
The Turkey's decision to improve the LED product proficiency
and substitute the lighting with LED lighting in mandate to decrease the energy
needs has resulted in the big boom up for the Turkey's LED lighting market.
With the administrative coordination and augmented accessibility of LED chips,
the other LED product markets have also begun increasing at a great pace in the
region. Due to the government investments in increasing the outdoor lighting
replacement, the LEDs' lighting dissemination in the region is predicted to augment
the exponentially during the forecast period substituting the traditional
halogen and incandescent lamps even in rural areas. The ban of halogen lamps in
Europe has delivered another opportunity for the Turkish lighting product constructors
to manufacture and export LED lighting products to the European economies. Some
of the constructors in the Turkey such as At?lAyd?nlatma have even begun the exporting
LED lighting products to the European countries.
The significant increase in the demand for
power-efficient illuminating systems across the residential, commercial, and
industrial segments, intensifying concern over deduction of non-renewable
sources of power, and reducing the price of LED lights are likely to assistance
in the growth of the industry over the near years.
The Light emitting diodes are exceedingly efficient,
reliable, and yield longer life span, which is predicted to boom up its ultimatum
in several applications, involving indoor and outdoor solutions.
Although, the lower cost of functions and
concentrated heat losses also builds them a suitable replacement for
incandescent lights. Technological advancements, change from conventional to
green lighting, heightened the energy effectiveness standards, and declining
prices have also spurred requirement.
Additionally, the basic light emitting diode is expected
to control the largest market share owing to the numerous features such as low
cost, light weight, high temperature range, and smaller response time.
The significant utilization of LED lights in offices,
retail stores and malls, hospitals, education buildings, and several others has
augmented the suggestively over the past few years. The high acceptance of
light emitting diodes as a substitute to florescent, HID, and incandescent
lighting has cemented the way for indoor light emitting diode lighting on a wide
scale. Yet, it is anticipated that in the near future the market of light
emitting diodes will increase across the Turkey over the coming years.
For
more information, refer to below link:-
Related
Reports:-
Contact Us:-
Ken Research
Ankur Gupta, Head Marketing & Communications
Sales@kenresearch.com
+91-9015378249
Ken Research
Ankur Gupta, Head Marketing & Communications
Sales@kenresearch.com
+91-9015378249
