LED 서비스 시장 : 제품, 장치 구성, 기술, 용도, 최종 사용자별 - 세계 예측(2025-2030년)

The LED Services Market was valued at USD 21.65 billion in 2023, expected to reach USD 23.89 billion in 2024, and is projected to grow at a CAGR of 10.43%, to USD 43.39 billion by 2030.

The LED services market encompasses a wide range of activities related to the deployment, maintenance, and management of LED lighting systems, including retrofitting traditional lighting systems, offering energy audits, customizing lighting designs, and providing ongoing technical support. The necessity of these services is primarily driven by the global push toward energy efficiency and reduction of carbon footprints. In terms of application, LED services are utilized in various sectors, including residential, commercial, industrial, and outdoor lighting, each with distinct end-use dynamics. The market is witnessing a surge in demand from smart city projects and the integration of energy-efficient lighting solutions into urban infrastructure, which presents new avenues for growth. Key growth factors influencing the market include government incentives, declining LED prices, technological advancements, and increasing consumer awareness about the benefits of LED lighting such as reduced energy consumption and longer lifespan. Emerging opportunities lie in the development of smart lighting solutions that integrate with IoT technologies and provide added functionalities, such as adaptive lighting controls and enhanced connectivity.

However, market expansion is challenged by factors like high initial installation costs, technical complexity in retrofitting outdated infrastructure, and the presence of low-cost alternatives. Moreover, concerns regarding the disposal and recycling of LED materials present another environmental challenge. To capitalize on market opportunities, companies should focus on innovation in smart lighting technologies and promote energy-efficiency benefits. Furthermore, research in advanced LED materials and sustainable production processes can unlock new business potentials. The LED services market is inherently dynamic, characterized by rapid technological advancements, evolving consumer preferences, and stringent regulatory norms, mandating businesses to adapt quickly to maintain a competitive edge. Industry players should establish strategic partnerships and focus on R&D to innovate and expand their service offerings, thus capturing a significant share of the burgeoning market.

Market Dynamics: Unveiling Key Market Insights in the Rapidly Evolving LED Services Market

The LED Services Market is undergoing transformative changes driven by a dynamic interplay of supply and demand factors. Understanding these evolving market dynamics prepares business organizations to make informed investment decisions, refine strategic decisions, and seize new opportunities. By gaining a comprehensive view of these trends, business organizations can mitigate various risks across political, geographic, technical, social, and economic domains while also gaining a clearer understanding of consumer behavior and its impact on manufacturing costs and purchasing trends.

• Market Drivers
  • Increase in government focus on energy saving solutions and reduction in average costs of LEDs
  • Rapid development of street lighting systems and smart building ventures
  • Increasing need for lighting management in industrial application, display and large screen backlighting market
• Market Restraints
  • High maintenance, repair, installation and replacement cost associated with the lights
• Market Opportunities
  • Growth of smart lighting, high efficacy LED and increasing government subsidies
  • Financial investments from market players for the advancements in LED services
• Market Challenges
  • Requirement of special drivers for LED lights

Porter's Five Forces: A Strategic Tool for Navigating the LED Services Market

Porter's five forces framework is a critical tool for understanding the competitive landscape of the LED Services Market. It offers business organizations with a clear methodology for evaluating their competitive positioning and exploring strategic opportunities. This framework helps businesses assess the power dynamics within the market and determine the profitability of new ventures. With these insights, business organizations can leverage their strengths, address weaknesses, and avoid potential challenges, ensuring a more resilient market positioning.

PESTLE Analysis: Navigating External Influences in the LED Services Market

External macro-environmental factors play a pivotal role in shaping the performance dynamics of the LED Services Market. Political, Economic, Social, Technological, Legal, and Environmental factors analysis provides the necessary information to navigate these influences. By examining PESTLE factors, businesses can better understand potential risks and opportunities. This analysis enables business organizations to anticipate changes in regulations, consumer preferences, and economic trends, ensuring they are prepared to make proactive, forward-thinking decisions.

Market Share Analysis: Understanding the Competitive Landscape in the LED Services Market

A detailed market share analysis in the LED Services Market provides a comprehensive assessment of vendors' performance. Companies can identify their competitive positioning by comparing key metrics, including revenue, customer base, and growth rates. This analysis highlights market concentration, fragmentation, and trends in consolidation, offering vendors the insights required to make strategic decisions that enhance their position in an increasingly competitive landscape.

FPNV Positioning Matrix: Evaluating Vendors' Performance in the LED Services Market

The Forefront, Pathfinder, Niche, Vital (FPNV) Positioning Matrix is a critical tool for evaluating vendors within the LED Services Market. This matrix enables business organizations to make well-informed decisions that align with their goals by assessing vendors based on their business strategy and product satisfaction. The four quadrants provide a clear and precise segmentation of vendors, helping users identify the right partners and solutions that best fit their strategic objectives.

Strategy Analysis & Recommendation: Charting a Path to Success in the LED Services Market

A strategic analysis of the LED Services Market is essential for businesses looking to strengthen their global market presence. By reviewing key resources, capabilities, and performance indicators, business organizations can identify growth opportunities and work toward improvement. This approach helps businesses navigate challenges in the competitive landscape and ensures they are well-positioned to capitalize on newer opportunities and drive long-term success.

Key Company Profiles

The report delves into recent significant developments in the LED Services Market, highlighting leading vendors and their innovative profiles. These include Acuity Brands, Inc., Bridgelux Inc., Eaton Corporation plc, Feit Electric Company, Inc., GE Lighting by Savant Technologies LLC, Global Light & Power LLC, Hubbell Incorporated, Koninklijke Philips N.V.,, LEDVANCE GmbH, Opple Lighting Co., Ltd., and OSRAM GmbH.

Market Segmentation & Coverage

This research report categorizes the LED Services Market to forecast the revenues and analyze trends in each of the following sub-markets:

• Based on Product, market is studied across LED Fixtures and LED Lamps.
• Based on Device Configuration, market is studied across Chip on Board LED, Pinned LED, and Surface-mounted LED.
• Based on Technology, market is studied across Basic LED, High Brightness LED, OLED, Polymer, and Ultra Violet LED.
• Based on Application, market is studied across Business Lighting, Public Lighting, and Residential Lighting. The Public Lighting is further studied across Smart Lighting and Street Lighting.
• Based on End-user, market is studied across Architectural, Commercial, Industrial, Outdoor, and Residential.
• Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom.

The report offers a comprehensive analysis of the market, covering key focus areas:

1. Market Penetration: A detailed review of the current market environment, including extensive data from top industry players, evaluating their market reach and overall influence.

2. Market Development: Identifies growth opportunities in emerging markets and assesses expansion potential in established sectors, providing a strategic roadmap for future growth.

3. Market Diversification: Analyzes recent product launches, untapped geographic regions, major industry advancements, and strategic investments reshaping the market.

4. Competitive Assessment & Intelligence: Provides a thorough analysis of the competitive landscape, examining market share, business strategies, product portfolios, certifications, regulatory approvals, patent trends, and technological advancements of key players.

5. Product Development & Innovation: Highlights cutting-edge technologies, R&D activities, and product innovations expected to drive future market growth.

The report also answers critical questions to aid stakeholders in making informed decisions:

1. What is the current market size, and what is the forecasted growth?

2. Which products, segments, and regions offer the best investment opportunities?

3. What are the key technology trends and regulatory influences shaping the market?

4. How do leading vendors rank in terms of market share and competitive positioning?

5. What revenue sources and strategic opportunities drive vendors' market entry or exit strategies?

Table of Contents

1. Preface

• 1.1. Objectives of the Study
• 1.2. Market Segmentation & Coverage
• 1.3. Years Considered for the Study
• 1.4. Currency & Pricing
• 1.5. Language
• 1.6. Stakeholders

2. Research Methodology

• 2.1. Define: Research Objective
• 2.2. Determine: Research Design
• 2.3. Prepare: Research Instrument
• 2.4. Collect: Data Source
• 2.5. Analyze: Data Interpretation
• 2.6. Formulate: Data Verification
• 2.7. Publish: Research Report
• 2.8. Repeat: Report Update

3. Executive Summary

4. Market Overview

5. Market Insights

• 5.1. Market Dynamics
  • 5.1.1. Drivers
    • 5.1.1.1. Increase in government focus on energy saving solutions and reduction in average costs of LEDs
    • 5.1.1.2. Rapid development of street lighting systems and smart building ventures
    • 5.1.1.3. Increasing need for lighting management in industrial application, display and large screen backlighting market
  • 5.1.2. Restraints
    • 5.1.2.1. High maintenance, repair, installation and replacement cost associated with the lights
  • 5.1.3. Opportunities
    • 5.1.3.1. Growth of smart lighting, high efficacy LED and increasing government subsidies
    • 5.1.3.2. Financial investments from market players for the advancements in LED services
  • 5.1.4. Challenges
    • 5.1.4.1. Requirement of special drivers for LED lights
• 5.2. Market Segmentation Analysis
• 5.3. Porter's Five Forces Analysis
  • 5.3.1. Threat of New Entrants
  • 5.3.2. Threat of Substitutes
  • 5.3.3. Bargaining Power of Customers
  • 5.3.4. Bargaining Power of Suppliers
  • 5.3.5. Industry Rivalry
• 5.4. PESTLE Analysis
  • 5.4.1. Political
  • 5.4.2. Economic
  • 5.4.3. Social
  • 5.4.4. Technological
  • 5.4.5. Legal
  • 5.4.6. Environmental

6. LED Services Market, by Product

• 6.1. Introduction
• 6.2. LED Fixtures
• 6.3. LED Lamps

7. LED Services Market, by Device Configuration

• 7.1. Introduction
• 7.2. Chip on Board LED
• 7.3. Pinned LED
• 7.4. Surface-mounted LED

8. LED Services Market, by Technology

• 8.1. Introduction
• 8.2. Basic LED
• 8.3. High Brightness LED
• 8.4. OLED
• 8.5. Polymer
• 8.6. Ultra Violet LED

9. LED Services Market, by Application

• 9.1. Introduction
• 9.2. Business Lighting
• 9.3. Public Lighting
  • 9.3.1. Smart Lighting
  • 9.3.2. Street Lighting
• 9.4. Residential Lighting

10. LED Services Market, by End-user

• 10.1. Introduction
• 10.2. Architectural
• 10.3. Commercial
• 10.4. Industrial
• 10.5. Outdoor
• 10.6. Residential

11. Americas LED Services Market

• 11.1. Introduction
• 11.2. Argentina
• 11.3. Brazil
• 11.4. Canada
• 11.5. Mexico
• 11.6. United States

12. Asia-Pacific LED Services Market

• 12.1. Introduction
• 12.2. Australia
• 12.3. China
• 12.4. India
• 12.5. Indonesia
• 12.6. Japan
• 12.7. Malaysia
• 12.8. Philippines
• 12.9. Singapore
• 12.10. South Korea
• 12.11. Taiwan
• 12.12. Thailand
• 12.13. Vietnam

13. Europe, Middle East & Africa LED Services Market

• 13.1. Introduction
• 13.2. Denmark
• 13.3. Egypt
• 13.4. Finland
• 13.5. France
• 13.6. Germany
• 13.7. Israel
• 13.8. Italy
• 13.9. Netherlands
• 13.10. Nigeria
• 13.11. Norway
• 13.12. Poland
• 13.13. Qatar
• 13.14. Russia
• 13.15. Saudi Arabia
• 13.16. South Africa
• 13.17. Spain
• 13.18. Sweden
• 13.19. Switzerland
• 13.20. Turkey
• 13.21. United Arab Emirates
• 13.22. United Kingdom

14. Competitive Landscape

• 14.1. Market Share Analysis, 2023
• 14.2. FPNV Positioning Matrix, 2023
• 14.3. Competitive Scenario Analysis
• 14.4. Strategy Analysis & Recommendation

Companies Mentioned

• 1. Acuity Brands, Inc.
• 2. Bridgelux Inc.
• 3. Eaton Corporation plc
• 4. Feit Electric Company, Inc.
• 5. GE Lighting by Savant Technologies LLC
• 6. Global Light & Power LLC
• 7. Hubbell Incorporated
• 8. Koninklijke Philips N.V.,
• 9. LEDVANCE GmbH
• 10. Opple Lighting Co., Ltd.
• 11. OSRAM GmbH