openPR Logo
Press release

LED Services Market: Development of Smart Cities to Propel Market Growth

04-03-2018 03:36 PM CET | Advertising, Media Consulting, Marketing Research

Press release from: Transparency Market Research

/ PR Agency: Transparency Market Research
LED Services Market: Development of Smart Cities to Propel

In the highly competitive global LED services market, key players are vying to withstand the competition with differentiator product offerings and by enhancing the functionality of their existing products. Long term lighting contracts and sponsorship of industry events are some other crucial growth strategies for success in this market.

Some of the key growth drivers of the global LED services market are need for energy efficient and cost effective lighting solutions that are suitable for a range of application segments. Integration of LED lighting with wireless communication technology and availability of IoT-enabled LED lighting is offering a whole new experience to consumers than what was offered by traditional ones.

As per a report by Transparency Market Research, the global LED services market is likely to expand at a CAGR of 10.6% between 2017 and 2025 for the market to reach a valuation of US$22.42 bn by 2025 increasing from US$9.26 bn in 2016.

Browse the Report to Know Worldwide Industry Analysis and New Market Opportunities Explored @

https://www.transparencymarketresearch.com/led-services-market.html

Residential Application Segment to Stay in Lead until 2025

The application segments into which the global LED services market is segmented in this report are residential, public lighting, and business lighting. The segment of public lighting is further segmented into smart lighting and street lighting. Smart lighting includes video-surveillance, intelligent crosswalks, intelligent traffic lights, electric vehicles charging stations, and traffic monitoring.

In 2016, residential lighting accounted for the leading share of almost 45% in the global LED services market. Rising at a promising growth rate, the segment is expected to hold on to its lead position over the forecast period. This is mainly because of increasing demand for smart lighting solutions for residential spaces that provides higher luminosity.

The public lighting application of the LED service market is predicted to surpass the growth rate of other applications over the forecast period. Commencement of large scale street lighting projects and development of smart cities in many parts of the world will benefit the public lighting application segment in the forthcoming years.

Street lighting segment within public lighting is expected to display promising growth rate over the forecast period due to favorable regulations for LED lighting systems and need for energy efficient and cost effective solutions. Ongoing and infrastructure developmental projects in the future are expected to present immense growth opportunities to this segment of the market.

Request Sample to Know An Insight On the Important Factors and Trends Influencing the Market @

https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=27911

Energy Efficiency of LED Lighting Boosts Uptake in Asia Pacific

The global LED services market is segmented into five key regional segments, namely North America, Asia Pacific, Europe, South America, and the Middle East and Africa. Europe stood as the leading regional market amongst all in 2016. Infrastructure development, changing government policies and regulations, long term contracts, and focus on energy efficient lighting solutions are the key factors behind the supremacy of the region.

North America stood as the second-leading market for LED services in 2016 revenue-wise. Favorable government regulations for switching to energy efficient lighting and developed infrastructure are leading to increased adoption of LED solutions in the region.

Get TOC of This Report @

https://www.transparencymarketresearch.com/report-toc/27911

Asia Pacific, powered by China and India is anticipated to emerge as a significant market for LED services over the forecast period.

Some key players in the global LED services market are Thorlux Lighting, LEDVANCE GmbH, Philips Lighting, OPPLE Lighting Co. Ltd., Reggiani Spa Illuminazione, Bright Special Lighting S.A., Endo Lighting Corp., Global Light LLC, KKDC Co. Ltd., and Cree Inc.

About Us

Transparency Market Research (TMR) is a market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. We have an experienced team of Analysts, Researchers, and Consultants, who us e proprietary data sources and various tools and techniques to gather, and analyze information. Our business offerings represent the latest and the most reliable information indispensable for businesses to sustain a competitive edge.

Each TMR Syndicated Research report covers a different sector – such as pharmaceuticals, chemical, energy, food & beverages, semiconductors, med-devices, consumer goods and technology. These reports provide in-depth analysis and deep segmentation to possible micro levels. With wider scope and stratified research methodology, our syndicated reports thrive to provide clients to serve their overall research requirement.

Contact

Transparency Market Research
90 State Street, Suite 700
Albany, NY 12207
Tel: +1-518-618-1030
USA – Canada Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.com
Website: http://www.transparencymarketresearch.com

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release LED Services Market: Development of Smart Cities to Propel Market Growth here

News-ID: 1002037 • Views:

More Releases from Transparency Market Research

Handheld Marijuana Vaporizer Market Key Drivers, Market Research, and Insights for the USD 15.9 Bn Market 2022-2031
Handheld Marijuana Vaporizer Market Key Drivers, Market Research, and Insights f …
The global handheld marijuana vaporizer market has witnessed remarkable growth in recent years, attributed to the increasing acceptance of medicinal marijuana and the demand for convenient and discreet consumption methods. Valued at US$ 5 billion in 2021, the market is projected to surge at a CAGR of 13.4% to reach US$ 15.9 billion by 2031. This article delves into the factors driving this growth, the evolving market landscape, and the
Disinfectant Wipes Market Forecast 2020-2030 - Market Size, Drivers, Trends, And Competitors
Disinfectant Wipes Market Forecast 2020-2030 - Market Size, Drivers, Trends, And …
The COVID-19 pandemic has precipitated a remarkable surge in the demand for disinfectant products, with a notable emphasis on disinfectant wipes as an essential tool in maintaining hygiene and preventing the spread of pathogens. This research report delves into the multifaceted landscape of the disinfectant wipes market, elucidating key trends, drivers, and innovations shaping the industry. 𝐆𝐞𝐭 𝐒𝐚𝐦𝐩𝐥𝐞 𝐏𝐃𝐅 𝐂𝐨𝐩𝐲 𝐨𝐟 𝐭𝐡𝐢𝐬 𝐫𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐫𝐞𝐩𝐨𝐫𝐭 @ https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=70359 Key Players and Market Developments Key players
Tissue Banking Market is Expected to Reach US$ 2,903.3 Million to 2026| TMR Study
Tissue Banking Market is Expected to Reach US$ 2,903.3 Million to 2026| TMR Stud …
The global 𝐭𝐢𝐬𝐬𝐮𝐞 𝐛𝐚𝐧𝐤𝐢𝐧𝐠 𝐦𝐚𝐫𝐤𝐞𝐭 reached a value of US$ 1,056.4 million in 2017 and is projected to nearly triple to US$ 2,903.3 million by 2026, with a robust Compound Annual Growth Rate (CAGR) of approximately 12.0% from 2018 to 2026. Factors such as increasing awareness about tissue donation, technological advancements, and a growing target patient population are anticipated to propel market growth during this period. Moreover, the market is expected
Vascular Closure Devices Market to reach US$ 1 Billion by 2027: TMR Study
Vascular Closure Devices Market to reach US$ 1 Billion by 2027: TMR Study
This report by Transparency Market Research, Inc. assesses the present state and future growth potential of the global 𝐯𝐚𝐬𝐜𝐮𝐥𝐚𝐫 𝐜𝐥𝐨𝐬𝐮𝐫𝐞 𝐝𝐞𝐯𝐢𝐜𝐞𝐬 𝐦𝐚𝐫𝐤𝐞𝐭. It features a comprehensive executive summary, offering insights into various segments of the market. Additionally, the report provides detailed analysis and data on product, access type, application, end user, and regional segments within the global market. Vascular closure devices is estimated to reach a value of ~US$ 1 Bn

All 5 Releases


More Releases for LED

Global Backlight LED Market| Global Backlight LED Industry | Backlight LED Marke …
The backlight LED market comprises of sales of Backlight LED & related services. LED backlight is a flat panel display that uses LED backlighting instead of cold cathode fluorescent (CCFL) backlighting. LED backlight displays also use thin-film-transistor liquid-crystal display (TFT LCD) technologies that offer better contrast and brightness, reduced energy consumption, greater color range more quick response to changes in the scene, and photorefractive effects. These displays are small chips
Global LED Packaging Market Size Detail Analysis focusing Market Segmentation li …
Global LED Packaging Market Size Detail Analysis focusing Market Segmentation like Lamp-LED, Side-LED, TOP-LED, High-Power LED, SMD-LED, and Flip-Chip LED & more The LED market is one of the quickly growing segments as they are replacing the traditional lighting equipment like bulbs due to their high efficiency and power saving capability. The LED packaging industry is also growing with innovations along with the LED industry as new technologies are being included
Global LED Driver (LED Lighting Driver) Market Research Report
This report studies the global LED Driver (LED Lighting Driver) market status and forecast, categorizes the global LED Driver (LED Lighting Driver) market size (value & volume) by manufacturers, type, application, and region. This report focuses on the top manufacturers in United States, Europe, China, Japan, South Korea and Taiwan and other regions. Get sample copy of the report: https://www.marketdensity.com/contact?ref=Sample&reportid=68754 Table of Contents: Table of Contents Global LED Driver (LED Lighting Driver) Market Research Report
Global LED Drivers Market 2017 Trends By Product(Buck-Boost LED Drivers, Multito …
Scope Of Global LED Drivers Market Research Report 2017 Global LED Drivers Market Report Based On Defination, Status and Forecast 2022 contains a market overview of the industry which talks about market Application, production, Consumption, revenue, Gross margin, sales volumes and figures, growth estimation in coming years, current industry leaders and their sales/revenue metrics. Request For Free Sample Report Here : https://www.reportsmonitor.com/request-sample/?post=489550 This report studies the global LED Drivers market, analyzes and
LED Flashlight Market 2017 - SureFire, LED Lenser, Pelican, NovaTac
Apex Research, recently published a detailed market research study focused on the "LED Flashlight Market" across the global, regional and country level. The report provides 360° analysis of "LED Flashlight Market" from view of manufacturers, regions, product types and end industries. The research report analyses and provides the historical data along with current performance of the global LED Flashlight industry, and estimates the future trend of LED Flashlight market on
LED Light: 2017 Global LED Light Bulb Market Outlook
Orbis Research delivers key insights on the Global LED Light Bulb Market in a new report titled “Global LED Light Bulb Market Research Report 2017-2022 by Players, Regions, Product Types and Applications.” In this report, Orbis Research sheds light on the various factors and trends impacting market growth over the forecast period (2017 – 2022). Description The Global LED Light Bulb Market report offers a comprehensive evaluation of the Global LED