As per this study the Global Lighting As A Service Market was valued USD XXX MN (by revenue) in 2019 and is anticipated to reach USD XXX.X MN by 2026 with a CAGR of XX%.
Lighting as a service refers to a delivery of lighting service on basis of subscription rather than traditional one time payment. It is mainly controlled and powered by digital networks. The LaaS providers take care of installation and maintenance of the lighting fixture and thus, widely used in industrial and commercial spaces.
The market is mainly driven by rising adoption of LaaS service in commercial spaces to reduce upfront cost. Growing adoption of LaaS owing to its energy and cost reducing properties is fueling the market growth. Also, rising demand of energy efficient lightening system is again pushing the market growth. On the flip side, low awareness among the potential users regarding LaaS is restraining the market growth.
This detailed market study is centered on the data obtained from multiple sources and is analyzed using numerous tools including porter’s five forces analysis, market attractiveness analysis and value chain analysis. These tools are employed to gain insights of the potential value of the market facilitating the business strategists with the latest growth opportunities. Additionally, these tools also provide a detailed analysis of each application/product segment in the global market of lighting as a service.
The broad lighting as a service market has been sub-grouped into end-user, installation and component. The report studies these subsets with respect to the geographical segmentation. The strategists can gain a detailed insight and devise appropriate strategies to target specific market. This detail will lead to a focused approach leading to identification of better opportunities.
- Luminaire & Control Equipment
- Software & Communication System
- Maintenance & Other Services
Furthermore, the report comprises of the geographical segmentation, which mainly focuses on current and forecast demand for lighting as a service in North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The report further focuses on demand for individual application segments in all the regions.
Europe Lighting As A Service Market By Revenue (USD MN)
The report also covers detailed competitive landscape including company profiles of key players operating in the global market. The key players in the lighting as a service market includes Cree, Inc., Future Energy Solutions, General Electric Lighting, IGOR Inc., Itelecom USA, Koninklijke Philips N.V, Lunera Lighting, RCG Lighthouse, SIB Lighting and Zumtobel Group AG. An in-depth view of the competitive outlook includes future capacities, key mergers & acquisitions, financial overview, partnerships, collaborations, new product launches, new product developments and other developments with information in terms of H.Q.
A combination of primary and secondary research has been used to determine the market estimates and forecasts. Sources used for secondary research include (but not limited to) Paid Data Sources, Company Websites, Technical Journals, Annual Reports, SEC Filings and various other industry publications. Specific details on methodology used for this report can be provided on demand.