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Lighting-as-a-service Market to 2027- Global Analysis and Forecasts by Components, Installation, End-User

Press release   •   Apr 05, 2019 11:53 IST

Global Lighting-as-a-service Market

The global Lighting-as-a-service market is segmented on the basis of component, installation, and end-user. Based on component, the market is segmented as luminaries & control equipment, software's & communication systems, and maintenance & other services. Further, based on installation, the market is divided into indoor and outdoor. Furthermore, on basis of end-user, market is segmented as office, retail, education, healthcare, hotels & restaurants, institutional/assembly, warehouse, and transport.

Some of the leading players in lighting-as-a-service market: Cree Inc., Eaton Corporation plc, Future Energy Solutions, Igor Inc., Itelecom USA, Koninklijke Philips N.V., Lunera Lighting, RCG Lighthouse, SIB Lighting, Zumtobel Group AG

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Lighting as a service (LaaS) is an all-inclusive subscription based pricing model geared at making LED lighting a potential option for any facility manager, business owner, or service manager. LaaS as the third-party management of a lighting system, includes additional maintenance, technical, financial, or operational services. This business model has become more common in commercial and citywide installations of LED lights, specifically in retrofitting buildings and outdoor facilities, with the aim of reducing installation costs. 

The Lighting as a service market is anticipated to grow owing to driving factors such as improved financial benefits and government policies & regulations for adoption of energy-efficient lighting systems. Moreover, the factors such as convergence of IoT with lighting systems and development of smart cities are expected to propel the market growth in the coming years. However, lack of awareness about the value of a service oriented model of lighting is expected to hinder Lighting as a service market growth.

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global Lighting-as-a-service market based on various segments. It also provides market size and forecast estimates from year 2017 to 2027 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The Lighting-as-a-service market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.

The report also includes the profiles of key Lighting-as-a-service companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of last 3 years, key development in past five years.

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