Brazil LED market thrives on the back of 2014 World Cup

<< Go Back Posted By:administrator on Feb 25,2015in Industry News

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LED lighting and display demands are expected to remain high in Brazil till 2016, as Brazil begins major infrastructure constructions ahead of the 2016 Olympic Games to be held in the capital.

Although, exact market figures remain elusive in the Brazil market. Lots of initiatives have been launched to replace city streetlights. The Climate Group and others are working hard to promote Brazilian cities adoption of LED streetlight technologies. Under the Climate Group’s proposed action plan, representatives from 6 Brazilian cities plan to replace 750,000 street lamps.

However, Brazil’s future LED market outlook remains uncertain. With major infrastructure constructions easing after the 2016 Olympic Games, whether the country can keep up high LED growth rates remains questionable. Brazil has not launched any initiatives to encourage consumers to adopt the new lighting technology.