LED Services Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecasts 2016–2024

Report Code: ZMR-2718 | Report Format : | Status : Upcoming |

Abstract

Global LED Services Market: Overview

Light emitting diodes (LED) are vital components used in different applications. In the past, application of LED was restricted to definite particular lighting requirements and had not entered the conventional general lighting applications. Introduction of LED in applications, for instance, general lightings is driving the market. Different technologies are executed in the production of LED products. Components and chips are the vital materials assembled to produce the final lamp commodity. LED lights have appeared as a potent source of lighting over the past few years. Owing to their several benefits over conventional lighting expertise, they have rapidly gained importance in the global lighting market.

Global LED Services Market: Growth Factors

The demand for LED services market is primarily growing due to the increasing number of the government schemes that promote the usage of LED lights in public. The government supports different organizations which offer financial help to the energy competent lighting technologies who have extended the purpose of LED lights across different commercial, residential, and industrial sectors. The rapidly increasing automotive industry also offers dynamic opportunities for the usage of LEDs in rear lamps, headlamps, brake lights, and turn signal. Thus the demand for the LED services market is anticipated to increase owing to the increasing applications of the LEDs in the automotive sector. Other significant aspects such as growing infrastructural funds, reduction in average costs of LEDs, the rapid development of street lighting systems, and the positive government approach towards smart building ventures are anticipated to propel the demand of the LED services market in the future. Another prominent aspect propelling the expansion of the global LED services market is huge investments from main market players for the progress of the new LED services. These new services and products are energy competent and cost-efficient that will be appropriate for a range of applications.

Global LED Services Market: Segmentation

The global LED services market can be classified by its application. The application segment is divided into public lighting, business lighting, and residential. The public lighting segment is further sub-divided into street lighting and smart lighting. Smart lighting consists of intelligent crosswalks, video-surveillance, electric vehicles charging stations, traffic monitoring, and intelligent traffic lights.

Global LED Services Market: Regional Analysis

The global LED services market in Europe is expected to account for a considerable market share due to the prohibition for importing and producing luminous lamps and the increasing supporting government venture. The Asia Pacific is also anticipated to be one of the most important contributors in the LED services market owing to the huge construction rates, government investment for high-efficiency building lights, and substitute of existing outdoor infrastructure. The government in China is taking initiatives by giving enormous incentives to replace conventional streetlights with LEDs in order to systematize standardized quality solutions and commodities. In addition to this, the global LED services market in the Middle East & Africa is expected to grow in the coming years.

Global LED Services Market: Competitive Players

Some of the most important companies involved in the global LED services market are GE Lighting, Cree, OSRAM Opto Semiconductors, NICHIA, Seoul Semiconductor, and Philips Lighting, among others.

Global LED Services Market: Regional Segment Analysis

  • North America
    • The U.S.
  • Europe
    • The UK
    • France
    • Germany
  • The Asia Pacific
    • China
    • Japan
    • India
  • Latin America
    • Brazil
  • The Middle East and Africa

What Reports Provides

  • Full in-depth analysis of the parent market
  • Important changes in market dynamics
  • Segmentation details of the market
  • Former, on-going, and projected market analysis in terms of volume and value
  • Assessment of niche industry developments
  • Market share analysis
  • Key strategies of major players
  • Emerging segments and regional markets
  • Testimonials to companies in order to fortify their foothold in the market.

Related Reports

Wearable Artificial Intelligence (AI) Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2019–2025

Price : $ 3999.00 | Report Code: ZMR-4205 | Report Format:

Global Wearable Artificial Intelligence (AI) Market: Overview Wearable artificial intelligence (AI) is an advanced drug delivery technology in a wearable device that is inserted beneath the skin in order to administer medication to the patient or an individual. The wearable device is also termed...Read More

Treasury Software Market by Deployment (Cloud-Based and On-Premises), by Organization Size (Large Enterprises and Small and Medium Enterprises), and by Vertical (BFSI, Manufacturing, Healthcare, Consumer Goods, Chemicals, Metals, & Energy, and Others): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2018–2025

Jun-2019 | Price : $ 4899.00 | Pages: 110 | Report Code: ZMR-4198 | Report Format:

The report covers a forecast and an analysis of the treasury software market on a global and regional level. The study provides historical data for 2016, 2017, and 2018 along with a forecast from 2019 to 2025 based on revenue (USD Million). The study includes the drivers and restraints of the trea...Read More

Strategy Management Software Market by Type (Cloud-Based and On-Premises), by Organization Size (Large Enterprises and Small and Medium Enterprises), by Platform (Mobile Devices and Desktops), and by Industry Vertical (Banking, Financial Services, and Insurance, Manufacturing, Healthcare, IT and Telecommunication, Retail, and Others): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2018–2025

Jun-2019 | Price : $ 4899.00 | Pages: 110 | Report Code: ZMR-4184 | Report Format:

The report covers a forecast and an analysis of the strategy management software market on a global and regional level. The study provides historical data from 2016 to 2018 along with a forecast from 2019 to 2025 based on revenue (USD Million). The study includes the drivers and restraints of the ...Read More

Sports Technology Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2019–2025

Price : $ 3999.00 | Report Code: ZMR-4180 | Report Format:

Global Sports Technology Market: Overview Sports technology has found a plethora of applications in sports events such as cricket, rugby, soccer, etc. Sports technology has garnered prominence over the recent years, owing to rise in the indoor sports activities such as table tennis, chess, etc.,...Read More

Computer Aided Manufacturing (CAM) Market by Component (Solutions and Services) and by Application (Aerospace & Defense, Automobile, Shipbuilding, Machine Tool, and Others): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2018–2025

May-2019 | Price : $ 4899.00 | Pages: 143 | Report Code: ZMR-4153 | Report Format:

The report analyzes and forecasts the computer aided manufacturing (CAM) market on a global and regional level. The study offers historical data from 2016 to 2018 along with a forecast from 2019 to 2025 based on revenue (USD Million). The assessment of market dynamics gives a brief insight into th...Read More

Download Brochure
Why Choose Us ?

24/5 Research support

Resolved your research queries from industry expert. Request for a free research sample before report purchase.

Custom research service

Ask the Analyst to customize an exclusive study to serve your research needs.

Quality & Accuracy

Zion Market Research reports offers best quality reports based on various authentic and accurate data findings.

Customer Satisfaction

We ensure that our client's all research needs are met with customized, in-depth analysis solutions.

Information security

We never share your personal and confidential information. Your personal information is safe and secure with us.