Led Services Market: Development Of Smart Cities To Propel Market Growth

-
The world LED services market is projected to be highly competitive with many crucial market players vying to withstand the market competition with innovative product offerings and by improving the functionality of their already existing products. Sponsorship of industry events and various long term lighting contracts are some of the significant growth strategies for the success of this market.

One of the significant growth promoting elements of the world market for LED services is the demand for cost effective and energy efficient lighting solutions which are apt for a wide range of application segments. Integration of wireless communication technology with LED lighting and with the availability of LED lighting that is IoT-enabled make an offering of a whole new experience to the consumers as opposed to what is being offered by traditional lighting systems.

Some of the leading names in the world market for LED services are Cree Inc., LEDVANCE GmbH, Bright Special Lighting S.A., Thorlux Lighting, Endo Lighting Corp., Philips Lighting Holdings B.V., Global Light LLC, Reggiani SPA, OPPLE Lighting Co., Ltd, and KKDC Co. Ltd.

In accordance with a report by Transparency Market Research, the world market for LED services is quite likely to expand at a growth of around 10.6% CAGR in between 2017 and 2025 for the said market to reach a market valuation of around US$ 22.42 bn by the year 2025 thereby rising from an earlier market valuation of around US$ 9.26 bn in the year 2016.


Europe is Estimated to Continue with its Regional Supremacy

The world market for LED services has been categorized into five major geographies of North America, Asia Pacific, Europe, South America, and the Middle East and Africa. Europe occupied the leading position in the international market for LED Services amongst all other regions in the year 2016. Focus on lighting solutions that are energy efficient, development of infrastructure development, long term contracts, and the changing government regulations and policies are the major growth promoting factors behind the supremacy of this region.
Taking revenue into consideration, the region of North America came as the second-leading market for LED services in the year 2016. Many favorable government regulations are in place for the purpose of switching to energy efficient lighting system and developed infrastructure that are resulting in increased adoption of LED solutions in the North American region.

Comments

Post a Comment

Popular posts from this blog

Oil and Gas Terminal Automation Market: To Reflect Impressive Growth Rate By 2019 - 2027

-
  Global  Oil and Gas Terminal Automation Market : Overview A sturdy growth rate, compounded annually, will be recorded in the global oil and gas terminal market, states Transparency market Research (TMR), for the period of 2019 to 2027. It will be driven forward on to a high growth trajectory at the back of a number of growth factors. Some of these are low oil prices and growing demand for natural gas across a number of varied industry verticals. Demand for oil and gas will also be pushed up by growing population for its energy and fuel needs. This in turn will require more exploration, extraction, better storage and robust distribution. And, this again would lead to demand for oil and gas terminal automation. Therefore, the market will be rife with new opportunities of growth in this period. And, as per TMR, the players would do their best to make the most of these. Global Oil and Gas Terminal Automation Market: Competitive Landscape Global oil and gas terminal automation ma...
Read more

Impact Sensing Door Unlock System Market will Generate New Growth Opportunities By 2019 - 2027

-
  Impact Sensing Door Unlock System : Introduction The impact sensing door unlock system unlocks the door automatically without a key, it can be operated through a mobile application. The impact sensing door unlock system consists of sensors and an electronic control unit, wherein the sensors receive a signal from the wireless system and transmits that signal to the electronic control unit. The electronic control unit is wired to the central lock, which in turn unlocks or locks all the doors of the vehicle. Key Drivers of Impact Sensing Door Unlock System Market Rise in demand for safety and security features in a vehicle is estimated to boost the impact sensing door unlock system market. Every vehicle manufacturer is trying to boost the integration of advanced safety features, including center locking system with impact sensing door unlock system that is activated through a mobile application. This in turn is projected to fuel the demand for the impact sensing door unlock system. ...
Read more

Architectural LED Products Market: Size, Analytical Overview, Growth Factors, Demand, Trends And Forecast To 2018 - 2026

-
  Global Architectural LED Products Market: Overview  Safety is one of the key concern in architectural spaces, which is important to recognize the need for acceptable architectural lighting. Proper architectural lighting has a vital role for people occupying the architectural space. Additionally, architectural lighting attracts the person’s attention and enables the architectures for serving its true purpose with enhanced features.  The  architectural LED products market  report involves some of the insightful predictions over the scope of the market and some prospects over growth. The new report from Transparency Market Research (TMR) on the architectural LED products market offers the thorough analysis of market segmentation and involves the past revenue and future forecasts. The report offers numerous key strategies adopted by key players coupled with some prominent trends, which are impacting on the growth. Along with this, it explains important information...
Read more