Market Overview Of The Lighting as a Service Market
The Global Lighting As A Service Market size is expected to grow from USD 1.79 billion in 2022 to USD 27.34 billion by 2030, at a CAGR of 40.6% during the forecast period (2023-2030).
The market for lighting-as-a-service analyzes the business model in which the consumer does not purchase lighting equipment. Rather, it enters into a layered contract that specifies a set charge for the lighting requirements. The lighting player supplies the lamps, luminaries, and controls and, in some situations, extra services such as data analysis and finance arrangements. Separate installation businesses install the lighting system and are paid by the lighting company to maintain the equipment during the course of the contract. This is due to the service's several benefits, including the reduction of overall lighting-related expenditures and the development of free cash flow, as well as the maintenance of lighting systems and hardware. Furthermore, the great energy efficiency and low maintenance costs of LaaS compared to traditional lighting will boost industry demand over the forecast timeframe. However, the monthly energy savings from adopting LaaS area unit provides are often greater than the cost of a Lighting as a Service subscription. These energy savings generate additional revenue for businesses.
Market Dynamics And Factors Of The Lighting as a Service Market
Drivers:
- Rapid Industrialization And Urban Development In Economically Wealthy Economies
Restraints:
- Poor Familiarity With New Technology Lighting And Lighting Control Products
Opportunities:
- The Development In The Existing Technology Is Going To Produce Glorious Opportunities For The Market Growth
Challenges:
- The Maintenance Costs And Internet Factor Are Going To Pose Various Challenges
Regional Analysis In The Lighting as a Service Market
North America is predicted to be the most market for lighting as a service (LaaS), followed by Western and Eastern Europe. The lighting as a service market in North America is being driven by an increase in demand for commercial launches, as LaaS has the ability to save money and reduce energy consumption globally. Eastern and Western Europe are the second leading regions due to rising commercial and industrial demand. During the projected period, the local segment is expected to have the most demand. Municipal end users include lighting provided by local governments for open public spaces, streets, bridges, public parking areas, walkways, and highways. Emerging markets such as China, India, the Philippines, Thailand, Malaysia, and Indonesia are also driving the market, with Asia-Pacific (excluding Japan) being the fastest growing region in the world.
COVID-19 Impact On The Lighting as a Service Market
The recent outbreak of coronavirus has proven to be a bane for the market. The pandemic has led to the suspension of business activity on account of the coronavirus pandemic and has resulted in disruptions in global supply chains, border restrictions, and travel restrictions by government bodies. Mandatory containment measures and health safety compliances have put huge pressure on remote operations across a wide array of industry verticals which further derailed the market growth rate. However, at the end of 2020, global companies witnessed rising investments in cloud solutions to facilitate easy remote working.
Top Key Players Covered In Lighting as a Service Market
- Igor Inc. (U.S.)
- Itelecom (Chile)
- Koninklijke Philips N.V. (Netherlands)
- General Electric Lighting (U.S.)
- Zumtobel Group AG(Austria)
- SIB Lighting (U.S.)
- Lunera Lighting (U.S.)
- Cree Inc. (U.S.)
- Future Energy Solutions (U.S.)
- Rcg Lighthouse (Latvia) and Other Major Players
Key Industry Developments In The Lighting as a Service Market
In February 2020, US LED, the industry's top supplier of ultra-long-lasting LED lighting systems, recently introduced Light NowTM, a new Lighting as a Service (LaaS) offering. US LED will be able to give customers the option to install new LED lighting systems in their facilities with no upfront capital thanks to the launch of Lighting as a Service. This makes it possible for businesses to get new LED lighting as a monthly service agreement and avoid recording capital expenses.
In August 2020, The smart home lighting solutions from LEDVANCE and Bosch were announced by LEDVANCE GmbH. Customers may now apply for the Bosch Smart House System even more easily thanks to the integration of LEDVANCE Smart+ products because this high-quality solution for a secure home eliminates the need for a separate bridge.
Global Lighting as a Service Market |
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Base Year: |
2022 |
Forecast Period: |
2023-2030 |
Historical Data: |
2017 to 2023 |
Market Size in 2022: |
USD 1.79 Bn. |
Forecast Period 2023-30 CAGR: |
40.6% |
Market Size in 2030: |
USD 27.34 Bn. |
Segments Covered: |
By Component |
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By Installation |
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By End-Use |
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By Region |
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Key Market Drivers: |
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Key Market Restraints: |
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Key Opportunities: |
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Companies Covered in the report: |
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Chapter 1: Introduction
1.1 Research Objectives
1.2 Research Methodology
1.3 Research Process
1.4 Scope and Coverage
1.4.1 Market Definition
1.4.2 Key Questions Answered
1.5 Market Segmentation
Chapter 2:Executive Summary
Chapter 3:Growth Opportunities By Segment
3.1 By Component
3.2 By Installation
3.3 By End-Use
Chapter 4: Market Landscape
4.1 Porter's Five Forces Analysis
4.1.1 Bargaining Power of Supplier
4.1.2 Threat of New Entrants
4.1.3 Threat of Substitutes
4.1.4 Competitive Rivalry
4.1.5 Bargaining Power Among Buyers
4.2 Industry Value Chain Analysis
4.3 Market Dynamics
4.3.1 Drivers
4.3.2 Restraints
4.3.3 Opportunities
4.5.4 Challenges
4.4 Pestle Analysis
4.5 Technological Roadmap
4.6 Regulatory Landscape
4.7 SWOT Analysis
4.8 Price Trend Analysis
4.9 Patent Analysis
4.10 Analysis of the Impact of Covid-19
4.10.1 Impact on the Overall Market
4.10.2 Impact on the Supply Chain
4.10.3 Impact on the Key Manufacturers
4.10.4 Impact on the Pricing
Chapter 5: Lighting as a service Market by Component
5.1 Lighting as a service Market Overview Snapshot and Growth Engine
5.2 Lighting as a service Market Overview
5.3 Software
5.3.1 Introduction and Market Overview
5.3.2 Historic and Forecasted Market Size (2016-2028F)
5.3.3 Key Market Trends, Growth Factors and Opportunities
5.3.4 Software: Geographic Segmentation
5.4 Luminaries & Controls
5.4.1 Introduction and Market Overview
5.4.2 Historic and Forecasted Market Size (2016-2028F)
5.4.3 Key Market Trends, Growth Factors and Opportunities
5.4.4 Luminaries & Controls: Geographic Segmentation
5.5 Services
5.5.1 Introduction and Market Overview
5.5.2 Historic and Forecasted Market Size (2016-2028F)
5.5.3 Key Market Trends, Growth Factors and Opportunities
5.5.4 Services: Geographic Segmentation
Chapter 6: Lighting as a service Market by Installation
6.1 Lighting as a service Market Overview Snapshot and Growth Engine
6.2 Lighting as a service Market Overview
6.3 Outdoor
6.3.1 Introduction and Market Overview
6.3.2 Historic and Forecasted Market Size (2016-2028F)
6.3.3 Key Market Trends, Growth Factors and Opportunities
6.3.4 Outdoor: Geographic Segmentation
6.4 Indoor
6.4.1 Introduction and Market Overview
6.4.2 Historic and Forecasted Market Size (2016-2028F)
6.4.3 Key Market Trends, Growth Factors and Opportunities
6.4.4 Indoor: Geographic Segmentation
Chapter 7: Lighting as a service Market by End-Use
7.1 Lighting as a service Market Overview Snapshot and Growth Engine
7.2 Lighting as a service Market Overview
7.3 Commercial
7.3.1 Introduction and Market Overview
7.3.2 Historic and Forecasted Market Size (2016-2028F)
7.3.3 Key Market Trends, Growth Factors and Opportunities
7.3.4 Commercial: Geographic Segmentation
7.4 Industrial
7.4.1 Introduction and Market Overview
7.4.2 Historic and Forecasted Market Size (2016-2028F)
7.4.3 Key Market Trends, Growth Factors and Opportunities
7.4.4 Industrial: Geographic Segmentation
7.5 Other End-Uses
7.5.1 Introduction and Market Overview
7.5.2 Historic and Forecasted Market Size (2016-2028F)
7.5.3 Key Market Trends, Growth Factors and Opportunities
7.5.4 Other End-Uses: Geographic Segmentation
Chapter 8: Company Profiles and Competitive Analysis
8.1 Competitive Landscape
8.1.1 Competitive Positioning
8.1.2 Lighting as a service Sales and Market Share By Players
8.1.3 Industry BCG Matrix
8.1.4 Heat Map Analysis
8.1.5 Lighting as a service Industry Concentration Ratio (CR5 and HHI)
8.1.6 Top 5 Lighting as a service Players Market Share
8.1.7 Mergers and Acquisitions
8.1.8 Business Strategies By Top Players
8.2 IGOR INC. (U.S.)
8.2.1 Company Overview
8.2.2 Key Executives
8.2.3 Company Snapshot
8.2.4 Operating Business Segments
8.2.5 Product Portfolio
8.2.6 Business Performance
8.2.7 Key Strategic Moves and Recent Developments
8.2.8 SWOT Analysis
8.3 ITELECOM (CHILE)
8.4 KONINKLIJKE PHILIPS N.V. (NETHERLANDS)
8.5 GENERAL ELECTRIC LIGHTING (U.S.)
8.6 ZUMTOBEL GROUP AG (AUSTRIA)
8.7 SIB LIGHTING (U.S.)
8.8 LUNERA LIGHTING (U.S.)
8.9 CREE INC. (U.S.)
8.10 FUTURE ENERGY SOLUTIONS (U.S.)
8.11 RCG LIGHTHOUSE (LATVIA)
8.12 OTHER MAJOR PLAYERS
Chapter 9: Global Lighting as a service Market Analysis, Insights and Forecast, 2016-2028
9.1 Market Overview
9.2 Historic and Forecasted Market Size By Component
9.2.1 Software
9.2.2 Luminaries & Controls
9.2.3 Services
9.3 Historic and Forecasted Market Size By Installation
9.3.1 Outdoor
9.3.2 Indoor
9.4 Historic and Forecasted Market Size By End-Use
9.4.1 Commercial
9.4.2 Industrial
9.4.3 Other End-Uses
Chapter 10: North America Lighting as a service Market Analysis, Insights and Forecast, 2016-2028
10.1 Key Market Trends, Growth Factors and Opportunities
10.2 Impact of Covid-19
10.3 Key Players
10.4 Key Market Trends, Growth Factors and Opportunities
10.4 Historic and Forecasted Market Size By Component
10.4.1 Software
10.4.2 Luminaries & Controls
10.4.3 Services
10.5 Historic and Forecasted Market Size By Installation
10.5.1 Outdoor
10.5.2 Indoor
10.6 Historic and Forecasted Market Size By End-Use
10.6.1 Commercial
10.6.2 Industrial
10.6.3 Other End-Uses
10.7 Historic and Forecast Market Size by Country
10.7.1 U.S.
10.7.2 Canada
10.7.3 Mexico
Chapter 11: Europe Lighting as a service Market Analysis, Insights and Forecast, 2016-2028
11.1 Key Market Trends, Growth Factors and Opportunities
11.2 Impact of Covid-19
11.3 Key Players
11.4 Key Market Trends, Growth Factors and Opportunities
11.4 Historic and Forecasted Market Size By Component
11.4.1 Software
11.4.2 Luminaries & Controls
11.4.3 Services
11.5 Historic and Forecasted Market Size By Installation
11.5.1 Outdoor
11.5.2 Indoor
11.6 Historic and Forecasted Market Size By End-Use
11.6.1 Commercial
11.6.2 Industrial
11.6.3 Other End-Uses
11.7 Historic and Forecast Market Size by Country
11.7.1 Germany
11.7.2 U.K.
11.7.3 France
11.7.4 Italy
11.7.5 Russia
11.7.6 Spain
11.7.7 Rest of Europe
Chapter 12: Asia-Pacific Lighting as a service Market Analysis, Insights and Forecast, 2016-2028
12.1 Key Market Trends, Growth Factors and Opportunities
12.2 Impact of Covid-19
12.3 Key Players
12.4 Key Market Trends, Growth Factors and Opportunities
12.4 Historic and Forecasted Market Size By Component
12.4.1 Software
12.4.2 Luminaries & Controls
12.4.3 Services
12.5 Historic and Forecasted Market Size By Installation
12.5.1 Outdoor
12.5.2 Indoor
12.6 Historic and Forecasted Market Size By End-Use
12.6.1 Commercial
12.6.2 Industrial
12.6.3 Other End-Uses
12.7 Historic and Forecast Market Size by Country
12.7.1 China
12.7.2 India
12.7.3 Japan
12.7.4 Singapore
12.7.5 Australia
12.7.6 New Zealand
12.7.7 Rest of APAC
Chapter 13: Middle East & Africa Lighting as a service Market Analysis, Insights and Forecast, 2016-2028
13.1 Key Market Trends, Growth Factors and Opportunities
13.2 Impact of Covid-19
13.3 Key Players
13.4 Key Market Trends, Growth Factors and Opportunities
13.4 Historic and Forecasted Market Size By Component
13.4.1 Software
13.4.2 Luminaries & Controls
13.4.3 Services
13.5 Historic and Forecasted Market Size By Installation
13.5.1 Outdoor
13.5.2 Indoor
13.6 Historic and Forecasted Market Size By End-Use
13.6.1 Commercial
13.6.2 Industrial
13.6.3 Other End-Uses
13.7 Historic and Forecast Market Size by Country
13.7.1 Turkey
13.7.2 Saudi Arabia
13.7.3 Iran
13.7.4 UAE
13.7.5 Africa
13.7.6 Rest of MEA
Chapter 14: South America Lighting as a service Market Analysis, Insights and Forecast, 2016-2028
14.1 Key Market Trends, Growth Factors and Opportunities
14.2 Impact of Covid-19
14.3 Key Players
14.4 Key Market Trends, Growth Factors and Opportunities
14.4 Historic and Forecasted Market Size By Component
14.4.1 Software
14.4.2 Luminaries & Controls
14.4.3 Services
14.5 Historic and Forecasted Market Size By Installation
14.5.1 Outdoor
14.5.2 Indoor
14.6 Historic and Forecasted Market Size By End-Use
14.6.1 Commercial
14.6.2 Industrial
14.6.3 Other End-Uses
14.7 Historic and Forecast Market Size by Country
14.7.1 Brazil
14.7.2 Argentina
14.7.3 Rest of SA
Chapter 15 Investment Analysis
Chapter 16 Analyst Viewpoint and Conclusion
Global Lighting as a Service Market |
|||
Base Year: |
2022 |
Forecast Period: |
2023-2030 |
Historical Data: |
2017 to 2023 |
Market Size in 2022: |
USD 1.79 Bn. |
Forecast Period 2023-30 CAGR: |
40.6% |
Market Size in 2030: |
USD 27.34 Bn. |
Segments Covered: |
By Component |
|
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By Installation |
|
||
By End-Use |
|
||
By Region |
|
||
Key Market Drivers: |
|
||
Key Market Restraints: |
|
||
Key Opportunities: |
|
||
Companies Covered in the report: |
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LIST OF TABLES
TABLE 001. EXECUTIVE SUMMARY
TABLE 002. LIGHTING AS A SERVICE MARKET BARGAINING POWER OF SUPPLIERS
TABLE 003. LIGHTING AS A SERVICE MARKET BARGAINING POWER OF CUSTOMERS
TABLE 004. LIGHTING AS A SERVICE MARKET COMPETITIVE RIVALRY
TABLE 005. LIGHTING AS A SERVICE MARKET THREAT OF NEW ENTRANTS
TABLE 006. LIGHTING AS A SERVICE MARKET THREAT OF SUBSTITUTES
TABLE 007. LIGHTING AS A SERVICE MARKET BY COMPONENT
TABLE 008. SOFTWARE MARKET OVERVIEW (2016-2028)
TABLE 009. LUMINARIES & CONTROLS MARKET OVERVIEW (2016-2028)
TABLE 010. SERVICES MARKET OVERVIEW (2016-2028)
TABLE 011. LIGHTING AS A SERVICE MARKET BY INSTALLATION
TABLE 012. OUTDOOR MARKET OVERVIEW (2016-2028)
TABLE 013. INDOOR MARKET OVERVIEW (2016-2028)
TABLE 014. LIGHTING AS A SERVICE MARKET BY END-USE
TABLE 015. COMMERCIAL MARKET OVERVIEW (2016-2028)
TABLE 016. INDUSTRIAL MARKET OVERVIEW (2016-2028)
TABLE 017. OTHER END-USES MARKET OVERVIEW (2016-2028)
TABLE 018. NORTH AMERICA LIGHTING AS A SERVICE MARKET, BY COMPONENT (2016-2028)
TABLE 019. NORTH AMERICA LIGHTING AS A SERVICE MARKET, BY INSTALLATION (2016-2028)
TABLE 020. NORTH AMERICA LIGHTING AS A SERVICE MARKET, BY END-USE (2016-2028)
TABLE 021. N LIGHTING AS A SERVICE MARKET, BY COUNTRY (2016-2028)
TABLE 022. EUROPE LIGHTING AS A SERVICE MARKET, BY COMPONENT (2016-2028)
TABLE 023. EUROPE LIGHTING AS A SERVICE MARKET, BY INSTALLATION (2016-2028)
TABLE 024. EUROPE LIGHTING AS A SERVICE MARKET, BY END-USE (2016-2028)
TABLE 025. LIGHTING AS A SERVICE MARKET, BY COUNTRY (2016-2028)
TABLE 026. ASIA PACIFIC LIGHTING AS A SERVICE MARKET, BY COMPONENT (2016-2028)
TABLE 027. ASIA PACIFIC LIGHTING AS A SERVICE MARKET, BY INSTALLATION (2016-2028)
TABLE 028. ASIA PACIFIC LIGHTING AS A SERVICE MARKET, BY END-USE (2016-2028)
TABLE 029. LIGHTING AS A SERVICE MARKET, BY COUNTRY (2016-2028)
TABLE 030. MIDDLE EAST & AFRICA LIGHTING AS A SERVICE MARKET, BY COMPONENT (2016-2028)
TABLE 031. MIDDLE EAST & AFRICA LIGHTING AS A SERVICE MARKET, BY INSTALLATION (2016-2028)
TABLE 032. MIDDLE EAST & AFRICA LIGHTING AS A SERVICE MARKET, BY END-USE (2016-2028)
TABLE 033. LIGHTING AS A SERVICE MARKET, BY COUNTRY (2016-2028)
TABLE 034. SOUTH AMERICA LIGHTING AS A SERVICE MARKET, BY COMPONENT (2016-2028)
TABLE 035. SOUTH AMERICA LIGHTING AS A SERVICE MARKET, BY INSTALLATION (2016-2028)
TABLE 036. SOUTH AMERICA LIGHTING AS A SERVICE MARKET, BY END-USE (2016-2028)
TABLE 037. LIGHTING AS A SERVICE MARKET, BY COUNTRY (2016-2028)
TABLE 038. IGOR INC. (U.S.): SNAPSHOT
TABLE 039. IGOR INC. (U.S.): BUSINESS PERFORMANCE
TABLE 040. IGOR INC. (U.S.): PRODUCT PORTFOLIO
TABLE 041. IGOR INC. (U.S.): KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 041. ITELECOM (CHILE): SNAPSHOT
TABLE 042. ITELECOM (CHILE): BUSINESS PERFORMANCE
TABLE 043. ITELECOM (CHILE): PRODUCT PORTFOLIO
TABLE 044. ITELECOM (CHILE): KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 044. KONINKLIJKE PHILIPS N.V. (NETHERLANDS): SNAPSHOT
TABLE 045. KONINKLIJKE PHILIPS N.V. (NETHERLANDS): BUSINESS PERFORMANCE
TABLE 046. KONINKLIJKE PHILIPS N.V. (NETHERLANDS): PRODUCT PORTFOLIO
TABLE 047. KONINKLIJKE PHILIPS N.V. (NETHERLANDS): KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 047. GENERAL ELECTRIC LIGHTING (U.S.): SNAPSHOT
TABLE 048. GENERAL ELECTRIC LIGHTING (U.S.): BUSINESS PERFORMANCE
TABLE 049. GENERAL ELECTRIC LIGHTING (U.S.): PRODUCT PORTFOLIO
TABLE 050. GENERAL ELECTRIC LIGHTING (U.S.): KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 050. ZUMTOBEL GROUP AG (AUSTRIA): SNAPSHOT
TABLE 051. ZUMTOBEL GROUP AG (AUSTRIA): BUSINESS PERFORMANCE
TABLE 052. ZUMTOBEL GROUP AG (AUSTRIA): PRODUCT PORTFOLIO
TABLE 053. ZUMTOBEL GROUP AG (AUSTRIA): KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 053. SIB LIGHTING (U.S.): SNAPSHOT
TABLE 054. SIB LIGHTING (U.S.): BUSINESS PERFORMANCE
TABLE 055. SIB LIGHTING (U.S.): PRODUCT PORTFOLIO
TABLE 056. SIB LIGHTING (U.S.): KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 056. LUNERA LIGHTING (U.S.): SNAPSHOT
TABLE 057. LUNERA LIGHTING (U.S.): BUSINESS PERFORMANCE
TABLE 058. LUNERA LIGHTING (U.S.): PRODUCT PORTFOLIO
TABLE 059. LUNERA LIGHTING (U.S.): KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 059. CREE INC. (U.S.): SNAPSHOT
TABLE 060. CREE INC. (U.S.): BUSINESS PERFORMANCE
TABLE 061. CREE INC. (U.S.): PRODUCT PORTFOLIO
TABLE 062. CREE INC. (U.S.): KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 062. FUTURE ENERGY SOLUTIONS (U.S.): SNAPSHOT
TABLE 063. FUTURE ENERGY SOLUTIONS (U.S.): BUSINESS PERFORMANCE
TABLE 064. FUTURE ENERGY SOLUTIONS (U.S.): PRODUCT PORTFOLIO
TABLE 065. FUTURE ENERGY SOLUTIONS (U.S.): KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 065. RCG LIGHTHOUSE (LATVIA): SNAPSHOT
TABLE 066. RCG LIGHTHOUSE (LATVIA): BUSINESS PERFORMANCE
TABLE 067. RCG LIGHTHOUSE (LATVIA): PRODUCT PORTFOLIO
TABLE 068. RCG LIGHTHOUSE (LATVIA): KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 068. OTHER MAJOR PLAYERS: SNAPSHOT
TABLE 069. OTHER MAJOR PLAYERS: BUSINESS PERFORMANCE
TABLE 070. OTHER MAJOR PLAYERS: PRODUCT PORTFOLIO
TABLE 071. OTHER MAJOR PLAYERS: KEY STRATEGIC MOVES AND DEVELOPMENTS
LIST OF FIGURES
FIGURE 001. YEARS CONSIDERED FOR ANALYSIS
FIGURE 002. SCOPE OF THE STUDY
FIGURE 003. LIGHTING AS A SERVICE MARKET OVERVIEW BY REGIONS
FIGURE 004. PORTER'S FIVE FORCES ANALYSIS
FIGURE 005. BARGAINING POWER OF SUPPLIERS
FIGURE 006. COMPETITIVE RIVALRYFIGURE 007. THREAT OF NEW ENTRANTS
FIGURE 008. THREAT OF SUBSTITUTES
FIGURE 009. VALUE CHAIN ANALYSIS
FIGURE 010. PESTLE ANALYSIS
FIGURE 011. LIGHTING AS A SERVICE MARKET OVERVIEW BY COMPONENT
FIGURE 012. SOFTWARE MARKET OVERVIEW (2016-2028)
FIGURE 013. LUMINARIES & CONTROLS MARKET OVERVIEW (2016-2028)
FIGURE 014. SERVICES MARKET OVERVIEW (2016-2028)
FIGURE 015. LIGHTING AS A SERVICE MARKET OVERVIEW BY INSTALLATION
FIGURE 016. OUTDOOR MARKET OVERVIEW (2016-2028)
FIGURE 017. INDOOR MARKET OVERVIEW (2016-2028)
FIGURE 018. LIGHTING AS A SERVICE MARKET OVERVIEW BY END-USE
FIGURE 019. COMMERCIAL MARKET OVERVIEW (2016-2028)
FIGURE 020. INDUSTRIAL MARKET OVERVIEW (2016-2028)
FIGURE 021. OTHER END-USES MARKET OVERVIEW (2016-2028)
FIGURE 022. NORTH AMERICA LIGHTING AS A SERVICE MARKET OVERVIEW BY COUNTRY (2016-2028)
FIGURE 023. EUROPE LIGHTING AS A SERVICE MARKET OVERVIEW BY COUNTRY (2016-2028)
FIGURE 024. ASIA PACIFIC LIGHTING AS A SERVICE MARKET OVERVIEW BY COUNTRY (2016-2028)
FIGURE 025. MIDDLE EAST & AFRICA LIGHTING AS A SERVICE MARKET OVERVIEW BY COUNTRY (2016-2028)
FIGURE 026. SOUTH AMERICA LIGHTING AS A SERVICE MARKET OVERVIEW BY COUNTRY (2016-2028)
Frequently Asked Questions :
The forecast period in the Lighting as a Service Market research report is 2023-2030.
Igor Inc. (U.S.), Itelecom (Chile), Koninklijke Philips N.V. (Netherlands), General Electric Lighting (U.S.), Zumtobel Group AG (Austria), SIB Lighting (U.S.), Lunera Lighting (U.S.), Cree Inc. (U.S.), Future Energy Solutions (U.S.), Rcg Lighthouse (Latvia), and Other Major Players
The Lighting as a Service Market is segmented into Component, Installation, Deployment Model, and region. By Component, the market is categorized into Software, Luminaries & Controls, Services. By Installation, the market is categorized into Outdoor, Indoor. By End-Use, the market is categorized into Commercial, Industrial, Other End-Uses. By region, it is analyzed across North America (U.S.; Canada; Mexico), Europe (Germany; U.K.; France; Italy; Russia; Spain, etc.), Asia-Pacific (China; India; Japan; Southeast Asia, etc.), South America (Brazil; Argentina, etc.), Middle East & Africa (Saudi Arabia; South Africa, etc.).
The market for lighting-as-a-service analyses the business model in which the consumer does not purchase lighting equipment. Rather, it enters into a layered contract that specifies a set charge for the lighting requirements. The lighting player supplies the lamps, luminaries, and controls and, in some situations, extra services such as data analysis and finance arrangements. Separate installation businesses install the lighting system and are paid by the lighting company to maintain the equipment during the course of the contract.
The Global Lighting As A Service Market size is expected to grow from USD 1.79 billion in 2022 to USD 27.34 billion by 2030, at a CAGR of 40.6% during the forecast period (2023-2030).