Press release
LED Services Market - Residential Application Segment to Stay in Lead until 2025
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.
Get an exclusive sample of this report @ https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=27911
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. Energy efficient lighting which is an important requirement of smart city projects benefits from the offerings of LED lighting solutions. Hence, LED lighting solutions and services play an important role in smart city projects.
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.
Business lighting which includes commercial office space and retail segments is expected to generate significant revenue in the forthcoming years due to increasing installation of LED lighting systems in offices, shopping malls, and restaurants.
Browse Press Release of this Research Report @ https://www.transparencymarketresearch.com/led-services-market.html
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.
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 TMR
Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.
Contact TMR
90 State Street, Suite 700
Albany, NY 12207
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.co
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 - Residential Application Segment to Stay in Lead until 2025 here
News-ID: 787789 • Views: …
More Releases from Transparency Market Research
Vibrating Conveyor Market on Growth Path: USD 490.5 Mn in 2024 to USD 795.6 Mn b …
The Vibrating Conveyor Market is experiencing steady growth, driven by increasing adoption across industries such as food & beverages, automotive, mining, metallurgy, pharmaceuticals, packaging, and logistics. Vibrating conveyors are widely used for controlled material movement such as bulk solids, granules, powders and fragile products, enabling efficient handling with minimal damage. These systems provide smoother transfer, improved hygiene, precise feeding control, and lower maintenance compared to conventional mechanical conveyors, which is…
Bleisure Travel Market to Reach USD 4,177.2 billion by 2035 | Growth Analysis & …
The global Bleisure Travel Market is experiencing robust expansion as business trips increasingly merge with leisure activities, driven by rising corporate travel budgets, improved work-life balance priorities, and the growth of remote and flexible work cultures. The market was valued at approximately USD 692.7 billion in 2024 and is expected to witness strong growth over the next decade. Forecasts indicate that the market could reach nearly USD 4,177.2 billion by…
Global Spiritual and Wellness Products Market to Reach US$ 9.6 Billion by 2034, …
The global spiritual and wellness products market is witnessing unprecedented growth as consumers around the world increasingly prioritize mental, emotional, physical, and spiritual well-being. According to the latest industry analysis, the market, valued at US$ 4.2 billion in 2023, is projected to expand at a CAGR of 8.0% from 2024 to 2034, ultimately reaching US$ 9.6 billion by 2034. This surge underscores a dramatic shift toward wellness-focused lifestyles and scientific…
Global Outdoor Furniture Market to Reach USD 36.8 Billion by 2034, Driven by Ris …
The global Outdoor Furniture Market is poised for substantial expansion, projected to grow from US$ 19.5 billion in 2023 to US$ 36.8 billion by 2034, registering a CAGR of 6.0% during the forecast period. According to the latest industry assessment, rising consumer inclination toward outdoor living, rapid urbanization, and strong recovery in the hospitality and tourism industry continue to boost demand for stylish, weather-resistant, and durable outdoor furnishings.
As consumers increasingly…
More Releases for LED
HSC LED Successfully Delivers Taxi LED Displays to Moldova
HSC LED [https://www.hscled.com/] is pleased to announce the successful completion of a major project involving the delivery of taxi LED displays to Moldova. This achievement underscores our dedication to providing high-quality, innovative LED display solutions to global markets.
Image: https://www.abnewswire.com/upload/2025/03/c632e02b61fa3f45fb036d4012a026b5.jpg
This project involved the production and deployment of state-of-the-art taxi top LED displays, designed for high visibility, durability, and intelligent operation. Equipped with high brightness levels, waterproof protection, and efficient heat dissipation,…
Enhancing LED Lighting: What is a reflective LED light?
Nowadays, LED lights [https://www.cnblight.com/products/] have become the mainstream of lighting. There is an interesting question, why do LED lights in homes nowadays, whether they are desk lamps, pendant lamps, ceiling lamps, etc., often need to add a lamp shell? You should know that LED lights emit solid light, unlike traditional lamps such as incandescent lamps and fluorescent lamps, which require a lamp shell on the outside.
There are many reasons that…
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…
LED Driver And Chipset Market - Tax Exemptions For LED Technology Encourage Use …
Transparency Market Research, in a report titled “LED Driver and Chipset Market - Global Industry Analysis, Trend, Size, Share and Forecast 2015 - 2021,” states that the global LED driver and chipset market is projected to expand at a remarkable CAGR of 23.20% during the forecast period. The report states that the outstanding growth of the overall LED market in recent times will push the value of the LED driver…
