The global LED rental market has seen significant growth in the recent years owing to increasing demand for energy-efficient and cost-effective lighting solutions across various industries. LED rental services provide an economical alternative to buying expensive LED lighting systems. Adoption of LED has been growing rapidly as it has several advantages over traditional lighting including a longer lifespan, lower power consumption, compact size, and cooler operation. The events and entertainment industry has been a major driving factor for the LED rental market with an increasing number of concerts, exhibitions, and outdoor activities demanding versatile LED lighting systems.
Market Dynamics:
The global LED rental market is driven by factors such as the rising adoption of energy-efficient lighting in various applications, the need for temporary and flexible lighting during events, and initiatives to promote sustainable development. However, the high initial cost of LED lights poses a challenge for market growth. Technologies such as wireless controls and the lights-as-a-service model are creating new opportunities. Moreover, growing smart city projects, expanding construction sector, and increasing focus on urban design are helping market expansion.
Key features of the study:
- This report provides in-depth analysis of the global LED rental market, and provides market size (US$ Billion) and compound annual growth rate (CAGR%) for the forecast period (2023–2030), considering 2022 as the base year
- It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
- This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players
- It profiles key players in the global LED rental market based on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies
- Key companies covered as a part of this study include Barco, Absen, Lighthouse Technologies, ROE Visual, Unilumin, PixelFLEX, LianTronics, Daktronics, NEC Display Solutions, Sony Corporation, Christie Digital Systems, Planar Systems, Yestech Optoelectronic, Galaxy LED Display, Mitsubishi Electric Corporation
- Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
- The global LED rental market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
- Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global LED rental market
Detailed Segmentation:
- LED Rental Market Segmentation, By Display Type:
- Indoor LED Displays
- Outdoor LED Displays
- LED Rental Market Segmentation, By Pixel Pitch:
- Fine-Pitch LED Displays
- Standard-Pitch LED Displays
- LED Rental Market Segmentation, By Industry:
- Entertainment
- Advertising and Marketing
- Corporate
- Retail
- Sports
- Education
- Healthcare
- Hospitality
- Others
- LED Rental Market Segmentation, By Screen Size:
- Small Displays (Up to 50 inches)
- Medium Displays (51 to 100 inches)
- Large Displays (Above 100 inches)
- LED Rental Market Segmentation, By Region:
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
- Company Profile:
- Barco
- Absen
- Lighthouse Technologies
- ROE Visual
- Unilumin
- PixelFLEX
- LianTronics
- Daktronics
- NEC Display Solutions
- Sony Corporation
- Christie Digital Systems
- Planar Systems
- Yestech Optoelectronic
- Galaxy LED Display
- Mitsubishi Electric Corporation
