© 2016 Global Market Insights, Inc. USA. All Rights Reserved LED Services Market Size Growth During Forecast Period.

© 2016 Global Market Insights, Inc. USA. All Rights Reserved  LED Services Market size is expected to grow exponentially in the coming years driven by demand for cost effective and energy efficient lighting solutions across various industry verticals. Increasing need for lighting management in industrial events & long-term projects are promoting the market growth.  The need for cost saving lighting solutions in commercial & residential sectors is creating high LED light demand further supporting industry expansion. Several governments have adopted policies to promote the energy efficient solutions to reduce harmful environmental impact is supporting the LED services market growth. Key Insights from LED Services Market:

© 2016 Global Market Insights, Inc. USA. All Rights Reserved Continued…  In the LED services market, a major challenge is high maintenance cost and repair cost associated with the lights. These devices are complex to repair and can cause damage to entire system during the process of repairing. Repairing and maintaining these complex devices requires highly skilled technicians, due to which the cost is increased.  These processes of repairing require special set of tools and devices which are expensive and intricate to handle. These factors limit the consumers to deploy services and increase the chances of replacement due to decreasing cost. Another, challenge in the LED services market is requirement of special drivers for these lights, which aid in constant power supply rate. These drivers support in smooth functioning of lights further incurring additional installation and replacement cost.

© 2016 Global Market Insights, Inc. USA. All Rights Reserved Latest Research LED Services Request for a table of contents this research

© 2016 Global Market Insights, Inc. USA. All Rights Reserved Market research reports: Key analytical components

Major Companies in LED Services Market : Osram GmbH LEDVANCE GmbH Global Light LLC Philips Lighting Holdings B.V. OPPLE Lighting Co.Ltd Endo Lighting Corp

© 2016 Global Market Insights, Inc. USA. All Rights Reserved The Europe LED services market is growing rapidly owing to stringent government regulation & high adoption of advanced lighting systems in the region. In 2012, the European Union announced a directive 2012/27/EU which includes measures & policies to achieve EU’s 20% energy efficiency target by Wide adoption of smart homes and smart lighting technology in Germany is creating high LED demand boosting the market. The Asian countries including China, South Korea, and Japan are witnessing growth in lighting & LED manufacturing activities due to the presence of several key players in this region. These activities have led to decrease in the price of LEDs further promoting the demand for these devices. Moreover, the Indian government has launched a scheme ’Prakash Path’ for LED bulb distribution to increase the usage of energy efficient lighting further driving the market growth. Regional Insights LED Services Market:

© 2016 Global Market Insights, Inc. USA. All Rights Reserved Stay In Touch Website: Social Media: