Lighting as a Service Market Synopsis

Lighting as a Service Market Size Was Valued at USD 2.66 Billion in 2023, and is Projected to Reach USD 55.85 Billion by 2032, Growing at a CAGR of 40.25% From 2024-2032.

Light as a service, or lighting as a service (LaaS), is a service-based business model in which light services are paid for via subscriptions rather than one-time payments. It is overseen by third parties, or more specifically, experts in the field, and may include lighting design, funding, installation, maintenance, and other services. Customers can use the model to outsource specific lighting tasks for a set period.

  • Lighting as a service provides businesses with cost-effective solutions to free up capital for other uses. The service accomplishes this while also saving money on energy by eliminating the need for routine maintenance on fixtures and lamps. The subscription-based service addresses all of a business's lighting needs. The entire building will have new, energy-efficient lighting installed at no upfront cost to the company.
  • The global lighting as a service market is rapidly expanding, attracting an increasing number of lighting companies, IT integrators, and facility management service providers seeking to capture the new market by refining their business models to "as a service" offerings, as well as through mergers, collaborations, and partnerships.
  • There is a growing global demand for energy efficiency, which creates market opportunities. LED lights consume less energy and produce brighter, clearer light without the flicker that frequently irritates the optic nerve, resulting in employee complaints of headaches and fatigue. Furthermore, LED lights contain no hazardous materials, do not flicker or strobe, and are fully recyclable.

Lighting as a Service Market Trend Analysis

Increasing Focus on Energy Efficiency and Cost Savings

  • Rising energy costs affect households, businesses, and governments equally, regardless of the source (electricity, fossil fuels, or other energy sources). This encourages the search for more cost-effective alternatives to current energy sources, as well as ways to reduce consumption. People and organizations are under increasing pressure to implement energy-efficient practices as environmental awareness of the effects of energy consumption grows.
  • LaaS providers provide lighting solutions that use energy-efficient LED (Light Emitting Diode) technology, which uses significantly less electricity than traditional lighting systems like incandescent or fluorescent bulbs. LEDs are known for their high efficiency, long lifespan, and superior light quality, making them a popular choice for businesses looking to reduce energy consumption and operational costs.
  • Renewable energy, smart grids, and energy-efficient appliances are all examples of innovations that offer new ways to reduce energy consumption while increasing output. These advancements enable both large-scale infrastructure changes and individual consumer choices. Aside from environmental concerns, energy efficiency can often result in direct cost savings. Businesses can increase profitability by lowering operational costs, whereas individuals can lower their utility bills and free up funds for other purposes.

Integration with Renewable Energy

  • The process of integrating renewable energy sources into the electrical grid is known as renewable integration. Renewable energy sources have the potential to produce enough energy to power a clean future by utilizing self-replenishing resources like sunshine, wind, and water. Baseload power requirements, or the least amount of power the grid needs at any given time, can be met by renewable energy sources like geothermal and water.
  • These renewable energy sources operate similarly to fossil fuel plants, delivering consistent electricity in response to changing consumer demands. They support distributed energy systems that reduce grid power demand, lower costs, and improve the reliability and security of critical infrastructure like hospitals. Carbon emissions drive climate change—predicted to increase global temperatures by up to 2 degrees Celsius.  The use of more renewable energy sources is critical to achieving a zero-carbon future.
  • Integrating renewable energy sources into lightning as a service (LaaS) has several advantages, including cost savings, environmental sustainability, and resilience to power outages. Businesses and communities that incorporate renewable energy sources into LaaS can reduce their carbon footprint while also benefiting from long-term cost savings and resilience to energy disruptions. This approach is consistent with the broader trend toward sustainable and smart infrastructure solutions.

Lighting as a Service Market Segment Analysis:

Lighting as a Service Market Segmented on the basis of Component, Technology, Installation, and end-users.

By Technology, LED LaaS segment is expected to dominate the market during the forecast period

  • LED (Light Emitting Diode) technology has a significant energy efficiency advantage over traditional lighting sources like incandescent and fluorescent bulbs. LEDs require significantly less energy to produce the same amount of light, resulting in lower electricity bills for LaaS customers. This cost-saving benefit is especially appealing to businesses that want to cut operating costs and improve their bottom line.
  • LED lighting is more durable and long-lasting than traditional lighting options. LEDs have a much longer lifespan, often lasting tens of thousands of hours before requiring replacement, whereas incandescent and fluorescent bulbs are frequently replaced due to filament or gas tube failures. This reduced need for maintenance translates into lower maintenance costs and less downtime for businesses, adding to the appeal of LED lighting in LaaS applications.
  • Advances in LED chip design, optics, and thermal management have resulted in brighter, more efficient, and customisable lighting options. LEDs can now provide a wide range of colour temperatures, dimming capabilities, and smart control options, allowing businesses to customize their lighting environments to meet specific needs and preferences.

By End-User, the Commercial segment held the largest share of 33.43% in 2022

  • Commercial establishments, such as office buildings, retail stores, and hotels, require extensive lighting to ensure customer and employee visibility, safety, and ambiance. These businesses frequently operate during extended hours, necessitating dependable and efficient lighting solutions to maintain productivity and attract customers. LaaS provides commercial entities with a cost-effective and hassle-free alternative to traditional lighting ownership, enabling them to focus on their core operations while outsourcing lighting management to service providers.
  • To reduce operating costs and comply with regulatory requirements, the commercial sector is increasingly prioritizing sustainability and energy efficiency. LaaS providers provide energy-efficient lighting solutions, such as LED fixtures and smart controls, that can significantly reduce energy consumption and carbon emissions when compared to traditional lighting systems. This aligns with many commercial enterprises' sustainability goals and enables them to demonstrate their environmental stewardship to customers, investors, and stakeholders.
  • According to the graph, annual investment in energy efficiency in the building sector has been consistently increasing. Europe has consistently dominated the market, with a steady increase from 91.3 units in 2020 to 151 units in 2022. The United States and China have relatively stable shares, whereas the "Other" category fluctuates, indicating a dynamic market landscape across regions during this period.

Lighting as a Service Market Regional Insights:

Asia Pacific is Expected to Dominate the Market Over the Forecast Period

  • The Asia Pacific region produces and exports fluorescent and LED lighting products. As a major producer and exporter of LED and fluorescent lighting, phasing out fluorescents would not only provide a safer and more affordable lighting option in Asia but also contribute to the global shift towards clean lighting. The region is rapidly urbanizing and industrializing, resulting in increased demand for lighting solutions in a variety of sectors, including commercial, residential, and industrial.
  • This creates a strong demand for environmentally friendly and energy-efficient lighting solutions, making LaaS an attractive option. Numerous Asian governments are enacting laws and incentives to encourage the development of smart cities and energy efficiency. This includes stricter energy regulations, as well as incentives for implementing LaaS solutions and LED lighting. The climate created by these initiatives promotes the growth of the LaaS market.
  • The Asia-Pacific region has a large and diverse market for lighting services, covering a wide range of industries and applications.  With rising awareness of the benefits of LaaS, combined with favorable market conditions and supportive government policies, the Asia-Pacific region is expected to remain the fastest-growing market for lighting as a service for the foreseeable future.

Lighting as a Service Market Top Key Players:

  • Future Energy Solutions (US)
  • GE Lighting (US)
  • FSG Electric & Lighting (US)
  • Lunera Lighting (US)
  • Wolfspeed (US)
  • Mysupplier (US)
  • SIB Lighting (US)
  • Cree Inc. (US)
  • Osram (Germany)
  • TRILUX (Germany)
  • Designing Buildings (UK)
  • Airis Energy (UK)
  • EGG Lighting (UK)
  • Signify (Netherlands)
  • Eaton (Ireland)
  • ESB Corporate (Ireland)
  • Zumtobel Group (Austria)
  • Arquiled (Portugal)
  • TellCo Europe (Switzerland)
  • Arc Renewables (India)
  • Energized Solutions (India)
  • Centropi (Singapore)
  • Itelecom (Chile), and other major players

Key Industry Developments in the Lighting as a Service Market:

  • In October 2023, Facility Solutions Group, Inc. (FSG) acquired Lighting Management, Inc. (LMI), which is based in Valley Cottage, New York. With offices in North Carolina, South Carolina, and Florida, this acquisition enables FSG to broaden its lighting service offerings nationwide.
  • In January 2023, signify partners with FINISH Society to illuminate 20 primary health centers in Rajasthan. Under this project, which was carried out in collaboration with FINISH Society, the company installed 2.5 KW solar power plants in each health center to ensure continuous and uninterrupted access to lighting, thereby improving the healthcare services available to residents.
 

Global Lighting as a Service Market

Base Year:

2023

Forecast Period:

2024-2032

Historical Data:

2017 to 2023

Market Size in 2022:

USD 2.66 Bn.

Forecast Period 2024-32 CAGR:

40.25 %

Market Size in 2030:

USD 55.85 Bn.

Segments Covered:

By Component

  • Luminaries and Controls
  • Software and communication systems
  • Service

By Technology

  • LED LaaS
  • Connected LaaS
  • Solar-powered LaaS

By Installation

  • Indoor LaaS
  • Outdoor LaaS

By End-User

  • Commercial LaaS
  • Industrial LaaS
  • Municipal LaaS
  • Residential LaaS

By Region

  • North America (U.S., Canada, Mexico)
  • Eastern Europe (Bulgaria, The Czech Republic, Hungary, Poland, Romania, Rest of Eastern Europe)
  • Western Europe (Germany, UK, France, Netherlands, Italy, Russia, Spain, Rest of Western Europe)
  • Asia Pacific (China, India, Japan, South Korea, Malaysia, Thailand, Vietnam, The Philippines, Australia, New-Zealand, Rest of APAC)
  • Middle East & Africa (Turkey, Bahrain, Kuwait, Saudi Arabia, Qatar, UAE, Israel, South Africa)
  • South America (Brazil, Argentina, Rest of SA)

Key Market Drivers:

  • Increasing Focus on Energy Efficiency and Cost Savings

Key Market Restraints:

  • High Initial Investment

Key Opportunities:

  • Integration with Renewable Energy

Companies Covered in the report:

  • Future Energy Solutions (US), GE Lighting (US), FSG Electric & Lighting (US), Signify (Netherlands), Eaton (Ireland), and Other Major Players.
  1. INTRODUCTION
    1. RESEARCH OBJECTIVES
    2. RESEARCH METHODOLOGY
    3. RESEARCH PROCESS
    4. SCOPE AND COVERAGE
      1. Market Definition
      2. Key Questions Answered
    5. MARKET SEGMENTATION
  2. EXECUTIVE SUMMARY
  3. MARKET OVERVIEW
  4. GROWTH OPPORTUNITIES BY SEGMENT
  5. MARKET LANDSCAPE
    1. PORTER’S FIVE FORCES ANALYSIS
      1. Bargaining Power Of Supplier
      2. Threat Of New Entrants
      3. Threat Of Substitutes
      4. Competitive Rivalry
      5. Bargaining Power Among Buyers
    2. INDUSTRY VALUE CHAIN ANALYSIS
    3. MARKET DYNAMICS
      1. Drivers
      2. Restraints
      3. Opportunities
      4. Challenges
    4. MARKET TREND ANALYSIS
    5. REGULATORY LANDSCAPE
    6. PESTLE ANALYSIS
    7. PRICE TREND ANALYSIS
    8. PATENT ANALYSIS
    9. TECHNOLOGY EVALUATION
    10. MARKET IMPACT OF THE RUSSIA-UKRAINE WAR
      1. Geopolitical Market Disruptions
      2. Supply Chain Disruptions
      3. Instability in Emerging Markets
    11. ECOSYSTEM
  6. LIGHTING AS A SERVICE MARKET BY COMPONENT (2017-2032)
    1. LIGHTING AS A SERVICE MARKET SNAPSHOT AND GROWTH ENGINE
    2. MARKET OVERVIEW
    3. LUMINARIES AND CONTROLS
      1. Introduction And Market Overview
      2. Historic And Forecasted Market Size in Value (2017 – 2032F)
      3. Historic And Forecasted Market Size in Volume (2017 – 2032F)
      4. Key Market Trends, Growth Factors And Opportunities
      5. Geographic Segmentation Analysis
    4. SOFTWARE AND COMMUNICATION SYSTEMS
    5. SERVICE
  7. LIGHTING AS A SERVICE MARKET BY TECHNOLOGY (2017-2032)
    1. LIGHTING AS A SERVICE MARKET SNAPSHOT AND GROWTH ENGINE
    2. MARKET OVERVIEW
    3. LED LAAS
      1. Introduction And Market Overview
      2. Historic And Forecasted Market Size in Value (2017 – 2032F)
      3. Historic And Forecasted Market Size in Volume (2017 – 2032F)
      4. Key Market Trends, Growth Factors And Opportunities
      5. Geographic Segmentation Analysis
    4. CONNECTED LAAS
    5. SOLAR-POWERED LAAS
  8. LIGHTING AS A SERVICE MARKET BY INSTALLATION (2017-2032)
    1. LIGHTING AS A SERVICE MARKET SNAPSHOT AND GROWTH ENGINE
    2. MARKET OVERVIEW
    3. INDOOR LAAS
      1. Introduction And Market Overview
      2. Historic And Forecasted Market Size in Value (2017 – 2032F)
      3. Historic And Forecasted Market Size in Volume (2017 – 2032F)
      4. Key Market Trends, Growth Factors And Opportunities
      5. Geographic Segmentation Analysis
    4. OUTDOOR LAAS
  9. LIGHTING AS A SERVICE MARKET BY END-USER (2017-2032)
    1. LIGHTING AS A SERVICE MARKET SNAPSHOT AND GROWTH ENGINE
    2. MARKET OVERVIEW
    3. COMMERCIAL LAAS
      1. Introduction And Market Overview
      2. Historic And Forecasted Market Size in Value (2017 – 2032F)
      3. Historic And Forecasted Market Size in Volume (2017 – 2032F)
      4. Key Market Trends, Growth Factors And Opportunities
      5. Geographic Segmentation Analysis
    4. INDUSTRIAL LAAS
    5. MUNICIPAL LAAS
    6. RESIDENTIAL LAAS
  10. COMPANY PROFILES AND COMPETITIVE ANALYSIS
    1. COMPETITIVE LANDSCAPE
      1. Competitive Positioning
      2. Lighting as a Service Market Share By Manufacturer (2023)
      3. Industry BCG Matrix
      4. Heat Map Analysis
      5. Mergers & Acquisitions
    2. FUTURE ENERGY SOLUTIONS (US)
      1. Company Overview
      2. Key Executives
      3. Company Snapshot
      4. Role of the Company in the Market
      5. Sustainability and Social Responsibility
      6. Operating Business Segments
      7. Product Portfolio
      8. Business Performance (Production Volume, Sales Volume, Sales Margin, Production Capacity, Capacity Utilization Rate)
      9. Key Strategic Moves And Recent Developments
      10. SWOT Analysis
    3. GE LIGHTING (US)
    4. LUNERA LIGHTING (US)
    5. WOLFSPEED (US)
    6. FSG ELECTRIC & LIGHTING (US)
    7. MYSUPPLIER (US)
    8. SIB LIGHTING (US)
    9. CREE INC. (US)
    10. OSRAM (GERMANY)
    11. TRILUX (GERMANY)
    12. DESIGNING BUILDINGS (UK)
    13. AIRIS ENERGY (UK)
    14. EGG LIGHTING (UK)
    15. SIGNIFY (NETHERLANDS)
    16. EATON (IRELAND)
    17. ESB CORPORATE (IRELAND)
    18. ZUMTOBEL GROUP (AUSTRIA)
    19. ARQUILED (PORTUGAL)
    20. TELLCO EUROPE (SWITZERLAND)
    21. ARC RENEWABLES (INDIA)
    22. ENERGIZED SOLUTIONS (INDIA)
    23. CENTROPI (SINGAPORE)
    24. ITELECOM (CHILE)
  11. GLOBAL LIGHTING AS A SERVICE MARKET BY REGION
    1. OVERVIEW
    2. NORTH AMERICA
      1. Key Market Trends, Growth Factors And Opportunities
      2. Key Manufacturers
      3. Historic And Forecasted Market Size By Component
      4. Historic And Forecasted Market Size By Technology
      5. Historic And Forecasted Market Size By Installation
      6. Historic And Forecasted Market Size By End-User
      7. Historic And Forecasted Market Size By Country
        1. USA
        2. Canada
        3. Mexico
    3. EASTERN EUROPE
      1. Key Market Trends, Growth Factors And Opportunities
      2. Key Manufacturers
      3. Historic And Forecasted Market Size By Segments
      4. Historic And Forecasted Market Size By Country
        1. Russia
        2. Bulgaria
        3. The Czech Republic
        4. Hungary
        5. Poland
        6. Romania
        7. Rest Of Eastern Europe
    4. WESTERN EUROPE
      1. Key Market Trends, Growth Factors And Opportunities
      2. Key Manufacturers
      3. Historic And Forecasted Market Size By Segments
      4. Historic And Forecasted Market Size By Country
        1. Germany
        2. United Kingdom
        3. France
        4. The Netherlands
        5. Italy
        6. Spain
        7. Rest Of Western Europe
    5. ASIA PACIFIC
      1. Key Market Trends, Growth Factors And Opportunities
      2. Key Manufacturers
      3. Historic And Forecasted Market Size By Segments
      4. Historic And Forecasted Market Size By Country
        1. China
        2. India
        3. Japan
        4. South Korea
        5. Malaysia
        6. Thailand
        7. Vietnam
        8. The Philippines
        9. Australia
        10. New-Zealand
        11. Rest Of APAC
    6. MIDDLE EAST & AFRICA
      1. Key Market Trends, Growth Factors And Opportunities
      2. Key Manufacturers
      3. Historic And Forecasted Market Size By Segments
      4. Historic And Forecasted Market Size By Country
        1. Turkey
        2. Bahrain
        3. Kuwait
        4. Saudi Arabia
        5. Qatar
        6. UAE
        7. Israel
        8. South Africa
    7. SOUTH AMERICA
      1. Key Market Trends, Growth Factors And Opportunities
      2. Key Manufacturers
      3. Historic And Forecasted Market Size By Segments
      4. Historic And Forecasted Market Size By Country
        1. Brazil
        2. Argentina
        3. Rest of South America
  12. INVESTMENT ANALYSIS
  13. ANALYST VIEWPOINT AND CONCLUSION
    1. Recommendations and Concluding Analysis
    2. Potential Market Strategies

Global Lighting as a Service Market

Base Year:

2023

Forecast Period:

2024-2032

Historical Data:

2017 to 2023

Market Size in 2022:

USD 2.66 Bn.

Forecast Period 2024-32 CAGR:

40.25 %

Market Size in 2030:

USD 55.85 Bn.

Segments Covered:

By Component

  • Luminaries and Controls
  • Software and communication systems
  • Service

By Technology

  • LED LaaS
  • Connected LaaS
  • Solar-powered LaaS

By Installation

  • Indoor LaaS
  • Outdoor LaaS

By End-User

  • Commercial LaaS
  • Industrial LaaS
  • Municipal LaaS
  • Residential LaaS

By Region

  • North America (U.S., Canada, Mexico)
  • Eastern Europe (Bulgaria, The Czech Republic, Hungary, Poland, Romania, Rest of Eastern Europe)
  • Western Europe (Germany, UK, France, Netherlands, Italy, Russia, Spain, Rest of Western Europe)
  • Asia Pacific (China, India, Japan, South Korea, Malaysia, Thailand, Vietnam, The Philippines, Australia, New-Zealand, Rest of APAC)
  • Middle East & Africa (Turkey, Bahrain, Kuwait, Saudi Arabia, Qatar, UAE, Israel, South Africa)
  • South America (Brazil, Argentina, Rest of SA)

Key Market Drivers:

  • Increasing Focus on Energy Efficiency and Cost Savings

Key Market Restraints:

  • High Initial Investment

Key Opportunities:

  • Integration with Renewable Energy

Companies Covered in the report:

  • Future Energy Solutions (US), GE Lighting (US), FSG Electric & Lighting (US), Signify (Netherlands), Eaton (Ireland), and Other Major Players.

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)

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Frequently Asked Questions :

What would be the forecast period in the Lighting as a Service Market research report?

The forecast period in the Lighting as a Service Market research report is 2024-2032.

Who are the key players in the Lighting as a Service Market?

Future Energy Solutions (US), GE Lighting (US), Lunera Lighting (US), Wolfspeed (US), FSG Electric & Lighting (US), Mysupplier (US), SIB Lighting (US), Cree Inc. (US), Osram (Germany), TRILUX (Germany), Designing Buildings (UK), Airis Energy (UK), EGG Lighting (UK), Signify (Netherlands), Eaton (Ireland), ESB Corporate (Ireland), Zumtobel Group (Austria), Arquiled (Portugal), TellCo Europe (Switzerland), Arc Renewables (India), Energized Solutions (India), Centropi (Singapore), Itelecom (Chile) and Other Major Players.

What are the segments of the Lighting as a Service Market?

The Lighting as a Service Market is segmented into Component, Technology, Installation, End-User, and Region. By Component, the market is categorized into Luminaries and Controls, Software and communication systems, and Services. By Technology, the market is categorized into LED LaaS, Connected LaaS, and Solar-powered LaaS. By Installation, the market is categorized into Indoor LaaS and Outdoor LaaS. By Application, the market is categorized into Commercial LaaS, Industrial LaaS, Municipal LaaS, and Residential LaaS. By region, it is analyzed across North America (U.S.; Canada; Mexico), Eastern Europe (Bulgaria; The Czech Republic; Hungary; Poland; Romania; Rest of Eastern Europe), Western Europe (Germany; UK; France; Netherlands; Italy; Russia; Spain; Rest of Western Europe), Asia-Pacific (China; India; Japan; Southeast Asia, etc.), South America (Brazil; Argentina, etc.), Middle East & Africa (Saudi Arabia; South Africa, etc.).

What is the Lighting as a Service Market?

Light as a service, or lighting as a service (LaaS), is a service-based business model in which light services are paid for via subscriptions rather than one-time payments. It is overseen by third parties, or more specifically, experts in the field, and may include lighting design, funding, installation, maintenance, and other services. Customers can use the model to outsource specific lighting tasks for a set period

How big is the Lighting as a Service Market?

Lighting as a Service Market Size Was Valued at USD 2.66 Billion in 2023, and is Projected to Reach USD 55.88 Billion by 2032, Growing at a CAGR of 40.25% From 2024-2032.