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LED Services Market 2019-2027


Light-emitting diode (LED) is a semiconductor source of light that emits light when current flows through it. LEDs are more efficient, brighter, more cost-effective, and more lasting than conventional incandescent bulbs. – PowerPoint PPT presentation

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Title: LED Services Market 2019-2027

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  • 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, 2019 - 2027

Market Overview Light-emitting diode (LED) is a
semiconductor source of light that emits light
when current flows through it. 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. LED Services Market
includes lighting services such as
installation/design/maintenance/others provided
by commercial electrical/lighting
contractors/integrated solution providers. The
global LED services market was valued US 11.8Mn
in 2019 and expected to grow at CAGR of 11.1
over the forecasted period 2019-27.
  • Market Dynamics- Drivers
  • Increasing installation of LED lighting due to
    longer lifespan is expected to drive growth of
    the global LED services market during the
    forecast period
  • The major reason behind rising installation of
    LED light bulbs is the longer lifespan of LED
    lighting. 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. LEDs can also reduce the labor
    cost and achieve lower maintenance work due to a
    longer operational life. 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. Moreover, use of violet
    LEDs instead of blue with gallium nitride
    material offers longer life and greater
    efficiency. Thus, these factors are expected to
    drive growth of the market.

  • Long-term contracts offered by service provides
    is expected to propel the global LED services
    market growth over the forecast period
  • Earlier, LEDs were limited to the residential
    application and some parts of the commercial
    segment. However, growing concerns related to
    energy efficiency, quality of lighting, and
    stringent environmental policies have increased
    installations LED lightings. Currently,
    conventional LED lighting fixtures are replacing
    traditional lighting systems. Moreover, concepts
    such as smart cities, smart homes, and smart
    street lighting are creating a demand for LED
    services. Hence, these factors are expected to
    propel the global LED services market growth over
    the forecast period.
  • Europe region dominated the global LED services
    market in 2019, accounting for 35.2 share in
    terms of value, followed by North America and
    Asia Pacific, Middle East and Latin America

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  • Market Dynamics- Restraints
  • High initial costs related to LED devices,
    installation, and services are expected to hamper
    the global LED services market growth over the
    forecast period
  • The major restricting factor for adoption of LED
    lightings is its relatively high initial
    installation costs as compared to substitute
    technologies such as CFL. This is due to the fact
    that LED performance majorly depends upon
    installation type and fixture. The fixtures need
    to be installed in such a way that minimum heat
    is generated by the LED.  Any harm to the LED
    chip by heat can lead to device failure.
    Therefore, adequate heat sinking is required to
    maintain longer life of the LED. Moreover, LED
    installation process in many applications may
    take a longer time and higher cost since the
    process includes site survey, designing,
    consulting, installation, and maintenance. Hence,
    these factors are expected to hamper the global
    LED services market growth over the forecast

  • Increasing demand for LED lighting architectural
    applications can present lucrative business
  • The demand for LED lighting solutions has
    increased significantly in the recent past. This
    is owing to features such as RGB (red, green,
    blue) controllability, flexibility, and speed of
    color control. Previously, conventional lighting
    required high maintenance cost while RGB code
    colors are controlled by color film filters and
    also flexibility and speed of color control are
    limited. However, LED has overcome these
    drawbacks and can adapt to new applications.
    Thousands of LEDs are linked together and still
    can be controlled individually. This is a
    significant advantage over conventional lighting
    solutions. Furthermore, LED strips, outdoor wall
    fixtures, and LED bulbs are used to light
    architectural creations to create a uniform
    lighting, which looks impressive and people get
    attracted to the same.

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  • Market Trends
  • North America Trends
  • Growing adoption of wireless lighting controls is
    a major trend in the market
  • End users in North America are increasingly
    adopting wireless lighting controls due to
    advantages offered by these lightings such as
    Energy-efficient lighting systems, reduced
    run-time, and flexibility. Companies such as GE
    lighting have gained benefits of optimized
    performance, improved cost control, etc. For
    instance, GE has developed LightGrid, an
    Outdoor Wireless Control System for consumers
    within the North America region.
  • Latin America Trends
  • Increasing demand for public lighting application
  • Demand for energy-efficient products and LED
    lighting has increased due to paradigm shift
    toward renewable energy. Various technology
    features of LED such as longer lifespan,
    energy-saving capacity, durability, flexibility
    are gaining the competitive advantage over other
    lighting products such as CFL and Incandescent
    lamps. The LEDs are witnessing significant demand
    in the region, owing to aforementioned
    advantages. Moreover, stringent government norms
    and regulatory policies toward energy
    conservation are driving growth of the regional

Regulations Alabamas Local Government Energy
Loan Program offers zero-interest loans to public
schools and universities for energy efficiency
improvement projects that will pay back in
utility savings. Upgrades eligible for funding
include heating and cooling equipment, insulation
improvements, water-saving efficiency measures,
and energy-efficient lighting upgrades. Competiti
ve Section Key players operating in the global
LED services market are 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. Segment information In global LED services
market, by application segment, the residential,
sub-segment dominated the global market in 2019,
accounting for 45.1 share in terms of value,
followed by Business lighting and public lighting
(No Transcript)
  • Key Developments
  • Major companies in the market are focused product
    launches, in order to expand product portfolio.
    For instance, in May 2017, Philips Lighting
    Holding B.V. introduced first integrated,
    connected LED lighting system designed for
    recreational sports fields. The Philips
    PerfectPlay system enables recreational sports
    centers to reduce energy costs, simplify
    operations, and maximize revenue potential while
    providing better quality lighting for sports
  • In February 2017, Bright Special Lighting S.A.
    provided lighting solutions for the exhibit
    Melpomene, presented at the exhibition The
    Muses Project held at the house of Cyprus in

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