The global lighting as a service market is expected to grow at a robust CAGR during the forecast period, 2023-2027. The market growth can be attributed to the financial benefits of availing lighting as a service (LaaS) such as instant return on investment without any upfront capital cost and increasing demand for energy-efficient lighting systems. Besides, growing convergence of the Internet of Things (IoT) in lighting systems to reduce the electricity consumption is expected to drive the growth of the global lighting as a service market. The lighting as a service consists of energy auditing, lighting design, financing, installation, maintenance & other services, and end of equipment life. During energy auditing, the existing lighting, electricity consumption, existing intensity and needs of customer are assessed. After auditing, lighting components such as LED chips, circuit boards, casings, etc. are installed. Then, the customer’s lighting consumption is analysed, and off-site & on-site maintenance is provided. As the demand for energy is increasing at a rapid rate, governments across the world are looking for solutions to reduce the consumption of electricity, which has led to the growing adoption of lighting as a service market. Moreover, the LaaS model has become more common in commercial and citywide installations of LED lights with an aim of reducing installation costs. Besides, the global LED use. 

The global lighting as a service market is segmented on the basis of application, installation, component, and regional distribution. Based on application, the global lighting as a service market is bifurcated into residential and others. The commercial segment is expected to dominate during the forecast period due to its advantages such as no upfront costs, reduced energy consumption and continued cost savings. Based on installation, the market is divided into indoor and outdoor. The indoor segment is expected to register the highest growth in the global lighting as a service market during the forecast period, owing to growing commercial sector in developing countries. Geographically, the market has been segmented into Asia-Pacific, North America, South America, Middle East & Africa and Europe. North America is expected to dominate the market in the forecast period due to the rising government support to replace traditional lighting systems with energy efficient lighting systems.


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Some of the leading players in the global lighting as a service market are Koninklijke Philips N.V, Cooper Industries, Inc., SIB Lighting, Cree, Inc., RCG Lighthouse, Digital Lumens, Inc., Lutron, Electronics Company, Inc., Future Energy Solutions, Lunera Lighting, etc.

Attribute

Details

Historic Data

2017 – 2020

Estimated Year

2022

Forecast Period

2023 – 2027

Quantitative Units

Revenue in USD Million, CAGR for 2017-2021 and 2022-2027

Report coverage

Revenue Forecast, Company Share, Competitive Landscape, Growth Factors, And Trends

Segments covered

·         By Application

·         By Installation

·         By Component  

Region scope

Asia Pacific; Europe; North America; South America; Middle East & Africa

Country scope

China; India; Japan; South Korea; Australia; Malaysia; France; Germany; United Kingdom; Italy; Spain; Turkey; Netherlands; Switzerland; Norway; United States; Mexico; Canada; Brazil; Argentina; Colombia; South Africa; Saudi Arabia; UAE

 

Key companies profiled

Koninklijke Philips N.V, Cooper Industries, Inc., SIB Lighting, Cree, Inc., RCG Lighthouse, Digital Lumens, Inc., Lutron, Electronics Company, Inc., Future Energy Solutions, Lunera Lighting

Customization scope

10% free report customization with purchase. Addition or alteration to regional & segment scope.

Pricing and purchase options

Avail customized purchase options to meet your exact research needs. Explore purchase options

Delivery Format

PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)


Report Scope:

In this report, the global lighting as a service market has been segmented into following categories, in addition to the industry trends which have also been detailed below:

  • Lighting as a Service Market, By Application
    • Residential
    • Office
    • Shops
    • Hospitality
    • Industrial
    • Architectural Lighting
    • Others
  • Lighting as a Service Market, By Installation:
    • Indoor
    • Outdoor
  • Lighting as a Service Market, By Component:
    • Luminaries & Control Equipment
    • Software & Communication Systems
    • Maintenance Services
  • Lighting as a Service Market, By Region:
    • Asia Pacific
      • China
      • India 
      • Japan
      • South Korea
      • Australia
      • Malaysia
    • Europe
      • France
      • Germany
      • United Kingdom
      • Italy
      • Spain
      • Netherlands
      • Switzerland
      • Norway
    • North America
      • United States
      • Mexico
      • Canada
    • South America
      • Brazil
      • Argentina
      • Colombia
    • Middle East and Africa
      • South Africa
      • Saudi Arabia
      • UAE

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in Global Lighting as a Service Market.

Available Customizations:

With the given market data, TechSci Research offers customizations according to the company’s specific needs. The following customization options are available for the report:

Company Information

  • Detailed analysis and profiling of additional market players (up to five).

Profit Margin Analysis:

  • Profit margin analysis in case of direct and indirect sales channel.

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1.    Product Overview

2.    Research Methodology

3.    Impact of COVID-19 on the Global Lighting as a Service Market

4.    Executive Summary

5.    Voice of Customer

5.1.  Vendor Satisfaction

5.2.  Vendor Challenges

5.3.  Challenges and Unmet needs

5.4.  Factors Influencing Purchase Decisions

6.    Global Lighting as a Service Market Overview 

7.    Global Lighting as a Service Market Outlook

7.1.  Market Size & Forecast

7.1.1.     By Value

7.2.  Market Share & Forecast

7.2.1.     By Application (Residential, Office, Shops, Hospitality, Industrial, Architectural Lighting and Others)

7.2.2.     By Installation (Indoor and Outdoor)

7.2.3.     By Component (Luminaries & control equipment, Software & Communication Systems and Maintenance Services)

7.2.4.     By Region

7.2.5.     By Company (2021)

7.3.  Market Attractiveness Index

8.    Asia-Pacific Lighting as a Service Market Outlook

8.1.  Market Size & Forecast          

8.1.1.     By Value

8.2.  Market Share & Forecast

8.2.1.     By Application

8.2.2.     By Component

8.2.3.     By Country

8.3.  Market Attractiveness Index

8.4.  Asia-Pacific: Country Analysis

8.4.1.     China Lighting as a Service Market Outlook

8.4.1.1.         Market Size & Forecast

8.4.1.1.1.             By Value

8.4.1.2.         Market Share & Forecast

8.4.1.2.1.             By Component

8.4.1.2.2.             By Application

8.4.1.3.         Pricing Analysis

8.4.1.4.         Market Attractiveness Index

8.4.2.     India Lighting as a Service Market Outlook

8.4.2.1.         Market Size & Forecast

8.4.2.1.1.             By Value

8.4.2.2.         Market Share & Forecast

8.4.2.2.1.             By Component

8.4.2.2.2.             By Application

8.4.2.3.         Pricing Analysis

8.4.2.4.         Market Attractiveness Index

8.4.3.     Japan Lighting as a Service Market Outlook

8.4.3.1.         Market Size & Forecast

8.4.3.1.1.             By Value

8.4.3.2.         Market Share & Forecast

8.4.3.2.1.             By Component

8.4.3.2.2.             By Application

8.4.3.3.         Pricing Analysis

8.4.3.4.         Market Attractiveness Index

8.4.4.     South Korea Lighting as a Service Market Outlook

8.4.4.1.         Market Size & Forecast

8.4.4.1.1.             By Value

8.4.4.2.         Market Share & Forecast

8.4.4.2.1.             By Component

8.4.4.2.2.             By Application

8.4.4.3.         Pricing Analysis

8.4.4.4.         Market Attractiveness Index

8.4.5.     Australia Lighting as a Service Market Outlook

8.4.5.1.         Market Size & Forecast

8.4.5.1.1.             By Value

8.4.5.2.         Market Share & Forecast

8.4.5.2.1.             By Component

8.4.5.2.2.             By Application

8.4.5.3.         Pricing Analysis

8.4.5.4.         Market Attractiveness Index

9.    Europe Lighting as a Service Market Outlook

9.1.  Market Size & Forecast          

9.1.1.     By Value

9.2.  Market Share & Forecast

9.2.1.     By Application

9.2.2.     By Component

9.2.3.     By Country

9.3.  Market Attractiveness Index

9.4.  Europe: Country Analysis

9.4.1.     France Lighting as a Service Market Outlook

9.4.1.1.         Market Size & Forecast

9.4.1.1.1.             By Value

9.4.1.2.         Market Share & Forecast

9.4.1.2.1.             By Component

9.4.1.2.2.             By Application

9.4.1.3.         Pricing Analysis

9.4.1.4.         Market Attractiveness Index

9.4.2.     Switzerland Lighting as a Service Market Outlook

9.4.2.1.         Market Size & Forecast

9.4.2.1.1.             By Value

9.4.2.2.         Market Share & Forecast

9.4.2.2.1.             By Component

9.4.2.2.2.             By Application

9.4.2.3.         Pricing Analysis

9.4.2.4.         Market Attractiveness Index

9.4.3.     Norway Lighting as a Service Market Outlook

9.4.3.1.         Market Size & Forecast

9.4.3.1.1.             By Value

9.4.3.2.         Market Share & Forecast

9.4.3.2.1.             By Component

9.4.3.2.2.             By Application

9.4.3.3.         Pricing Analysis

9.4.3.4.         Market Attractiveness Index

9.4.4.     Germany Lighting as a Service Market Outlook

9.4.4.1.         Market Size & Forecast

9.4.4.1.1.             By Value

9.4.4.2.         Market Share & Forecast

9.4.4.2.1.             By Component

9.4.4.2.2.             By Application

9.4.4.3.         Pricing Analysis

9.4.4.4.         Market Attractiveness Index

9.4.5.     United Kingdom Lighting as a Service Market Outlook

9.4.5.1.         Market Size & Forecast

9.4.5.1.1.             By Value

9.4.5.2.         Market Share & Forecast

9.4.5.2.1.             By Component

9.4.5.2.2.             By Application

9.4.5.3.         Pricing Analysis

9.4.5.4.         Market Attractiveness Index

9.4.6.     Italy Lighting as a Service Market Outlook

9.4.6.1.         Market Size & Forecast

9.4.6.1.1.             By Value

9.4.6.2.         Market Share & Forecast

9.4.6.2.1.             By Component

9.4.6.2.2.             By Application

9.4.6.3.         Pricing Analysis

9.4.6.4.         Market Attractiveness Index

9.4.7.     Netherlands Lighting as a Service Market Outlook

9.4.7.1.         Market Size & Forecast

9.4.7.1.1.             By Value

9.4.7.2.         Market Share & Forecast

9.4.7.2.1.             By Component

9.4.7.2.2.             By Application

9.4.7.3.         Pricing Analysis

9.4.7.4.         Market Attractiveness Index

9.4.8.     Spain Lighting as a Service Market Outlook

9.4.8.1.         Market Size & Forecast

9.4.8.1.1.             By Value

9.4.8.2.         Market Share & Forecast

9.4.8.2.1.             By Component

9.4.8.2.2.             By Application

9.4.8.3.         Pricing Analysis

9.4.8.4.         Market Attractiveness Index

10.  North America Lighting as a Service Market Outlook

10.1.              Market Size & Forecast

10.1.1.  By Value

10.2.              Market Share & Forecast

10.2.1.  By Application

10.2.2.  By Component

10.2.3.  By Country

10.3.              Market Attractiveness Index

10.4.              North America: Country Analysis

10.4.1.  United States Lighting as a Service Market Outlook

10.4.1.1.      Market Size & Forecast

10.4.1.1.1.           By Value

10.4.1.2.      Market Share & Forecast

10.4.1.2.1.           By Component

10.4.1.2.2.           By Application

10.4.1.3.      Pricing Analysis

10.4.1.4.      Market Attractiveness Index

10.4.2.  Mexico Lighting as a Service Market Outlook

10.4.2.1.      Market Size & Forecast

10.4.2.1.1.           By Value

10.4.2.2.      Market Share & Forecast

10.4.2.2.1.           By Component

10.4.2.2.2.           By Application

10.4.2.3.      Pricing Analysis

10.4.2.4.      Market Attractiveness Index

10.4.3.  Canada Lighting as a Service Market Outlook

10.4.3.1.      Market Size & Forecast

10.4.3.1.1.           By Value

10.4.3.2.      Market Share & Forecast

10.4.3.2.1.           By Component

10.4.3.2.2.           By Application

10.4.3.3.      Pricing Analysis

10.4.3.4.      Market Attractiveness Index

11.  South America Lighting as a Service Market Outlook

11.1.              Market Size & Forecast

11.1.1.  By Value

11.2.              Market Share & Forecast

11.2.1.  By Application

11.2.2.  By Component

11.2.3.  By Country

11.3.              Market Attractiveness Index

11.3.1.  Brazil Lighting as a Service Market Outlook

11.3.1.1.      Market Size & Forecast

11.3.1.1.1.           By Value

11.3.1.2.      Market Share & Forecast

11.3.1.2.1.           By Component

11.3.1.2.2.           By Application

11.3.1.3.      Pricing Analysis

11.3.1.4.      Market Attractiveness Index

11.3.2.  Argentina Lighting as a Service Market Outlook

11.3.2.1.      Market Size & Forecast

11.3.2.1.1.           By Value

11.3.2.2.      Market Share & Forecast

11.3.2.2.1.           By Component

11.3.2.2.2.           By Application

11.3.2.3.      Pricing Analysis

11.3.2.4.      Market Attractiveness Index

11.3.3.  Colombia Lighting as a Service Market Outlook

11.3.3.1.      Market Size & Forecast

11.3.3.1.1.           By Value

11.3.3.2.      Market Share & Forecast

11.3.3.2.1.           By Component

11.3.3.2.2.           By Application

11.3.3.3.      Pricing Analysis

11.3.3.4.      Market Attractiveness Index

11.3.4.  Chile Lighting as a Service Market Outlook

11.3.4.1.      Market Size & Forecast

11.3.4.1.1.           By Value

11.3.4.2.      Market Share & Forecast

11.3.4.2.1.           By Component

11.3.4.2.2.           By Application

11.3.4.3.      Pricing Analysis

11.3.4.4.      Market Attractiveness Index

12.  Middle East and Africa Lighting as a Service Market Outlook

12.1.              Market Size & Forecast

12.1.1.  By Value

12.2.              Market Share & Forecast

12.2.1.  By Application

12.2.2.  By Component

12.2.3.  By Country

12.3.              Market Attractiveness Index

12.4.              MEA: Country Analysis

12.4.1.  South Africa Lighting as a Service Market Outlook

12.4.1.1.      Market Size & Forecast

12.4.1.1.1.           By Value

12.4.1.2.      Market Share & Forecast

12.4.1.2.1.           By Component

12.4.1.2.2.           By Application

12.4.1.3.      Pricing Analysis

12.4.1.4.      Market Attractiveness Index

12.4.2.  Saudi Arabia Lighting as a Service Market Outlook

12.4.2.1.      Market Size & Forecast

12.4.2.1.1.           By Value

12.4.2.2.      Market Share & Forecast

12.4.2.2.1.           By Component

12.4.2.2.2.           By Application

12.4.2.3.      Pricing Analysis

12.4.2.4.      Market Attractiveness Index

12.4.3.  UAE Lighting as a Service Market Outlook

12.4.3.1.      Market Size & Forecast

12.4.3.1.1.           By Value

12.4.3.2.      Market Share & Forecast

12.4.3.2.1.           By Component

12.4.3.2.2.           By Application

12.4.3.3.      Pricing Analysis

12.4.3.4.      Market Attractiveness Index

13.  Market Dynamics

13.1.              Drivers

13.2.              Challenges

14.  Market Trends & Developments

15.  Competitive Landscape

15.1.              Competition Outlook

15.2.              Company Profiles (Top 10 Companies)

15.2.1.  Koninklijke Philips N.V

15.2.2.  Cooper Industries, Inc.

15.2.3.  SIB Lighting

15.2.4.  Cree, Inc.

15.2.5.  RCG Lighthouse

15.2.6.  Digital Lumens, Inc.

15.2.7.  Lutron

15.2.8.  Electronics Company, Inc.

15.2.9.  Future Energy Solutions

15.2.10.                Lunera Lighting

16.  Strategic Recommendation

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