France LED Services Market Growing at a CAGR of 12.27% to Reach USD 1541.4 Million By 2030 | Infinium Global Research

The France LED Services Market is poised for remarkable growth, with a projected Compound Annual Growth Rate (CAGR) of 12.27% between 2023 and 2030 in terms of value. A recent market research report has shed light on the dynamic factors fueling this growth, including the pivotal role of the French Energy Transition Law in promoting the adoption of LED services. The law, which focuses on reducing greenhouse gas emissions and overall energy consumption, as well as favouring renewable energy sources, is driving the shift towards energy-efficient LED solutions. The France LED services market was valued at USD 627.3 Million in 2022 and is expected to reach USD 1541.4 Million by 2030 and grow at a CAGR of 12.27% over the forecast period.

Key Drivers of the France LED Services Market https://www.infiniumglobalresearch.com/reports/sample-request/13220

The French Energy Transition Law, adopted in August 2015, outlines a comprehensive roadmap for mitigating climate change and diversifying the energy mix. The law encompasses ambitious targets related to reducing greenhouse gas emissions, decreasing reliance on fossil fuels and nuclear power in favor of renewable energy, and raising the price of carbon. As LED lighting consumes less electric energy compared to traditional lighting solutions, the government actively promotes the use of LED lighting under the Energy Transition Law.

In line with this initiative, the French government initiated a program in 2016 to distribute a significant number of LED replacement lamps from Edison to households, based on family incomes. This effort was managed by intermediaries who drew funds from the Energy Savings Certificates national scheme.

Furthermore, the Paris transportation authority (RATP) embarked on the widespread adoption of LED lamps and LED tubes across its metropolitan and suburban networks in 2013. By 2017, 369 stations had been relamped, representing 300 kilometers of corridors and platforms. This initiative, with an investment cost of EUR 11 million, is estimated to reduce energy consumption by 50%.

Rising Energy Costs Drive LED Adoption

The surge in electricity prices from major providers over the past few years has prompted consumers to seek ways to limit their electricity usage and reduce their bills. Consequently, consumers are shifting towards home appliances and electrical goods that consume less electricity. LED lights have become the preferred choice for consumers seeking energy-efficient lighting solutions.

Commercial electricity consumers, such as restaurants, shops, and cafes, are also adopting LED lights to improve their operational margins. Electricity bills constitute a significant portion of overhead costs for these businesses, and by reducing these costs, organizations can enhance their profit margins. LED lights offer substantial energy savings, making them a preferred choice for businesses looking to boost their bottom line.

Challenges and Opportunities

While the basic installation cost of LED lights may range from $150 to $200 per fixture for labor alone, it is important to note that the adoption of LED services in the residential sector may be hindered by a lack of awareness about the return on investment. However, this factor is expected to have a limited impact on the market, given the growing number of commercial buildings in France.

The integration of LED lighting with wireless communication technology is poised to drive a digital revolution, addressing challenges and overcoming limitations faced by wireless communication technologies. The advent of Li-Fi, high-speed wireless broadband technology, has seen significant progress in France. In 2019, an Airbus A321 operated by Air France became the first-ever commercial flight equipped with Li-Fi data service. France is expected to become the 2nd largest Li-Fi market in Europe and the 5th largest in the world, after China, the United States, Canada, and the United Kingdom. The ease of adopting advanced technology and high disposable income will contribute to the development of Li-Fi in France, offering promising opportunities for LED service providers, especially in the context of the Internet of Things (IoT).

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Table of Content

Chapter 1. Preface

1.1. Report Description

1.2. Research Methods

1.3. Research Approaches

Chapter 2. Executive Summary

2.1. Led Services Market Highlights

2.2. Led Services Market Projection

2.3. Led Services Market Regional Highlights

Chapter 3. Global Led Services Market Overview

3.1. Introduction

3.2. Market Dynamics

3.2.1. Drivers

3.2.2. Restraints

3.2.3. Opportunities

3.3. Porter's Five Forces Analysis

3.4. IGR-Growth Matrix Analysis

3.4.1. IGR-Growth Matrix Analysis by Application

3.4.2. IGR-Growth Matrix Analysis by Region

3.5. Value Chain Analysis of Led Services Market

Chapter 4. Led Services Market Macro Indicator Analysis

Chapter 5. Global Led Services Market by Application

5.1. Public Lighting

5.1.1. Street Lighting

5.1.2. Smart Lighting

5.2. Business Lighting

5.3. Residential Lighting

Chapter 6. Global Led Services Market by Region 2023-2030

6.1. North America

6.1.1. North America Led Services Market by Application

6.1.2. North America Led Services Market by Country

6.2. Europe

6.2.1. Europe Led Services Market by Application

6.2.2. Europe Led Services Market by Country

6.3. Asia-Pacific

6.3.1. Asia-Pacific Led Services Market by Application

6.3.2. Asia-Pacific Led Services Market by Country

6.4. RoW

6.4.1. RoW Led Services Market by Application

6.4.2. RoW Led Services Market by Sub-region

Chapter 7. Company Profiles and Competitive Landscape

7.1. Competitive Landscape in the Global Led Services Market

7.2. Companies Profiles

7.2.1. LEDVANCE GmbH

7.2.2. Philips Lighting

7.2.3. Reggiani Spa Illuminazione

7.2.4. Bright Special Lighting S.A.

7.2.5. OPPLE Lighting Co. Ltd

7.2.6. Thorlux Lighting,

7.2.7. Endo Lighting Corp

7.2.8. Global Light LLC

7.2.9. KKDC Co. Ltd

7.2.10. Cree Inc

Chapter 8. Appendix

8.1. Primary Research Findings and Questionnaire

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Reasons to Buy this Report:

=> Comprehensive analysis of regional markets of France LED services.

=> Complete coverage of all the product types and application segments to analyze the trends, developments, and forecast of market size up to 2030.

=> Comprehensive analysis of the companies operating in this market. The company profile includes an analysis of the product portfolio, revenue, SWOT analysis, and the latest developments of the company.

=> Infinium Global Research- Growth Matrix presents an analysis of the product segments and geographies that market players should focus on to invest, consolidate, expand, and/or diversify.

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