LED Services Market, By Application (Residential (Home), Public Lighting (outdoor)(Smart Lighting, Street Lighting), Business Lighting (Indoor) (Government and Private)and by Region (North America, Europe, Asia Pacific, Latin America, Middle East and Afri

LED Services Market, By Application (Residential (Home), Public Lighting (outdoor)(Smart Lighting, Street Lighting), Business Lighting (Indoor) (Government and Private)and by Region (North America, Europe, Asia Pacific, Latin America, Middle East and Africa) - Size, Share, Outlook, and Opportunity Analysis, 2022 - 2028

Light-emitting diode (LED) is a semiconductor source of light that emits light when current flows through it. The light is produced when the particles that carry current combine with the semiconductor material. LEDs are more efficient, brighter, more cost-effective, and more lasting than conventional incandescent bulbs. These lights are cost-effective that delivers around 50,000 hours of illumination with a very small amount of energy consumption. As a result of these advantages, LEDs are adopted in various residential, business, commercial, industrial, and public settings. Many developed, as well as emerging economies, are encouraging the use of LED lighting fixtures that can save energy as well as costs.
Market Dynamics
Increasing demand of LED lighting due to longer lifespan is expected to drive growth of the global LED services market during the forecast period. Increasing use of LED lights in residential sector is expected to increase in the forecast period. This use due LEDs have a longer lifespan, nearly about 100,000 hours, as compared to incandescent bulb with 1000 hours and CFL with 8000 to 10,000 hours lifespan. Furthermore, LED lighting fixture is far more efficient than conventional incandescent bulbs. It has an efficiency of 80% to 90% as compared to conventional light bulbs with 20% efficiency. LED lights to use around 50% less energy than traditional incandescent and halogen options that are primarily employed for residential and commercial applications.
Apart from increasing use government also subsidiaries heavily for LED as it is consumes less amount of energy. For instance, The government of Japan has launched its ‘21st Century Lighting Project’, and is one of the earliest countries to initiate an LED industry policy. In this project, they have started promoting lighting technologies with the help of a group of LED industry leaders. Furthermore, they have increased market demand by promoting LED standards and offering tax incentives for LED products. By 2020, Japan’s LED lighting market is estimated to reach approx. 70% of the total lighting solutions. Thus increasing use of LED in residential and commercial sector and government initiative to support this is expected to drive the global LED service market in the forecast period.
Market Taxonomy
This report segments the global LED services market on the basis of application and region. On the basis of Application, global LED services market is segmented into Residential (Home), Public Lighting (outdoor) and Business Lighting (Indoor). Public Lighting (outdoor) further segmented into Smart Lighting and Street Lighting. Business Lighting (Indoor) is sub-segmented into Government and Private. On the basis of region, global LED services market is segmented into North America, Latin America, Europe, Asia pacific, Middle East and Africa.
Key features of the study:
This report provides an in-depth analysis of the global LED services market and provides market size (US$ million) and compound annual growth rate (CAGR %) for the forecast period (2022-2028), considering 2021 as the base year
It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrix for this market
This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, regional outlook, and competitive strategy adopted by leading players
It profiles leading players in the global LED services market based on the following parameters – regulatory landscape, company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments and strategies, and future plans
Key companies covered in the global LED services market includes Thorlux Lighting, Bright Special Lighting S.A., Cree Inc., LEDVANCE GmbH, KKDC Co., Ltd., Philips Lighting Holding B.V., Global Light LLC, OPPLE Lighting Co., Ltd., Endo Lighting Corp., Ideal Industries, and Reggiani SPA.
These key market players are focusing on collaboration strategy with other market leaders to innovate and launch new products to meet the increasing needs and requirements of consumers.
Insights from this report would allow marketers and management authorities of companies to make informed decision regarding future product launches, technology upgradation, market expansion, and marketing tactics
The global LED services market report caters to various stakeholders in this industry including investors, suppliers, distributors, new entrants, and financial analysts
Stakeholders would have ease in decision-making through the various strategy matrices used in analyzing the global LED services market.
Detailed Segmentation:
Global LED Services Market By Application
Residential (Home)
Public Lighting (outdoor)
Smart Lighting
Street Lighting
Business Lighting (Indoor)
Government
Private
Global LED Services Market By Region
North America
Europe
Asia-Pacific
Middle-East and Africa
Latin America
Company Profiles
Thorlux Lighting*
Company Overview
Product Portfolio
Financial Performance
Key Strategies
Recent Developments
Future Plans
Bright Special Lighting S.A.
Cree Inc.
LEDVANCE GmbH
KKDC Co., Ltd.
Philips Lighting Holding B.V.
Global Light LLC
OPPLE Lighting Co., Ltd.
Endo Lighting Corp.
Ideal Industries
Reggiani SPA
*Browse all the market data tables and figures on “Global LED Services Market- Forecast to 2027”


1. Research Objectives and Assumptions
Research Objectives
Assumptions
Abbreviations
2. Market Purview
Report Description
Market Definition and Scope
Executive Summary
Market Snippet, By Application
Market Snippet, By Region
Coherent Opportunity Map (COM)
3. Market Dynamics, Regulations, and Trends Analysis
Market Dynamics
Drivers
Restraints
Market Opportunities
Regulatory Scenario
Industry Trend
Merger and Acquisitions
New system Launch/Approvals
4. Global LED Services Market, By Application, 2017 - 2028 (US$ Billion)
Introduction
Market Share Analysis, 2022 and 2028 (%)
Segment Trends
Residential (Home)
Introduction
Market Size and Forecast, 2017 - 2028, (US$ Billion)
Public Lighting (outdoor)
Introduction
Market Size and Forecast, 2017 - 2028, (US$ Billion)
 Smart Lighting
 Street Lighting
Business Lighting (Indoor)
Introduction
Market Size and Forecast, 2017 - 2028, (US$ Billion)
 Government
 Private
5. Global LED Services Market, By Region, 2017 - 2028 (US$ Billion)
Introduction
Market Share Analysis, By Region, 2022 and 2028 (%)
North America
Regional Trends
Market Size and Forecast, By Application, 2017 - 2028 (US$ Billion)
Market Share Analysis, By Country, 2022 and 2028 (%)
U.S.
Canada
Europe
Regional Trends
Market Size and Forecast, By Application, 2017 - 2028 (US$ Billion)
Market Share Analysis, By Country, 2022 and 2028 (%)
U.K.
Germany
Italy
France
Russia
Rest of Europe
Asia Pacific
Regional Trends
Market Size and Forecast, By Application, 2017 - 2028 (US$ Billion)
Market Share Analysis, By Country, 2022 and 2028 (%)
China
India
Japan
ASEAN
Australia
South Korea
Rest of Asia Pacific
Latin America
Regional Trends
Market Size and Forecast, By Application, 2017 - 2028 (US$ Billion)
Market Share Analysis, By Country, 2022 and 2028 (%)
Brazil
Argentina
Mexico
Rest of Latin America
Middle East and Africa
Regional Trends
Market Size and Forecast, By Application, 2017 - 2028 (US$ Billion)
Market Share Analysis, By Country, 2022 and 2028 (%)
GCC Countries
South Africa
Rest of the Middle East and Africa
6. Competitive Landscape
Company Profiles
Thorlux Lighting
Company Overview
Product Portfolio
Financial Performance
Key Strategies
Recent Developments/Updates
Bright Special Lighting S.A.
Company Overview
Product Portfolio
Financial Performance
Key Strategies
Recent Developments/Updates
Cree Inc.
Company Overview
Product Portfolio
Financial Performance
Key Strategies
Recent Developments/Updates
LEDVANCE GmbH
Company Overview
Product Portfolio
Financial Performance
Key Strategies
Recent Developments/Updates
KKDC Co., Ltd.
Company Overview
Product Portfolio
Financial Performance
Key Strategies
Recent Developments/Updates
Philips Lighting Holding B.V.
Company Overview
Product Portfolio
Financial Performance
Key Strategies
Recent Developments/Updates
Global Light LLC
Company Overview
Product Portfolio
Financial Performance
Key Strategies
Recent Developments/Updates
OPPLE Lighting Co., Ltd.
Company Overview
Product Portfolio
Financial Performance
Key Strategies
Recent Developments/Updates
Endo Lighting Corp.
Company Overview
Product Portfolio
Financial Performance
Key Strategies
Recent Developments/Updates
Ideal Industries
Company Overview
Product Portfolio
Financial Performance
Key Strategies
Recent Developments/Updates
Reggiani SPA.
Company Overview
Product Portfolio
Financial Performance
Key Strategies
Recent Developments/Updates
7. Section
References
Research Methodology
About us and Sales Contact
*Browse XX market data tables and XX figures on “Global LED Services Market-forecast to 2028”.

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