Market Overview:
The global lighting as a service (LaaS) market is expected to grow at a CAGR of XX% during the forecast period from 2018 to 2030. The growth in the LaaS market can be attributed to the increasing demand for energy-efficient lighting solutions and growing awareness about the benefits of LaaS among end users. The global LaaS market is segmented on the basis of type, application, and region. On the basis of type, it is divided into indoor and outdoor lighting. Indoor lighting accounted for a larger share in 2017 owing to its growing demand in commercial applications such as offices, retail stores, and hospitals. Outdoor lighting is expected to grow at a higher CAGR during the forecast period due its increasing adoption for streetlights, parking lots/garages, landscapes/gardens etc., across various regions. On the basis of application, it is classified into commercial (including government buildings), municipal (including streetlights), industrial (including factories & warehouses), and other applications including transportation hubs & airports). Commercial applications are expected to account for a larger share in terms of revenue contribution during 2018-2030 owing to their growing adoption across various regions worldwide.
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Product Definition:
Lighting as a Service (LaaS) is the term given to the provision of lighting fixtures and related services through a lease or subscription model. This type of service is important because it allows businesses and organizations to reduce their upfront costs associated with upgrading or installing new lighting systems. Additionally, LaaS providers can often provide more energy efficient solutions than those offered by traditional lighting suppliers.
Indoor:
Indoor positioning is a technology that enables indoor navigation and advertising based on Wi-Fi, without the need for GPS. It provides information such as product location, floor number and store name to a mobile application via an Internet connection. The technology was initially developed for use in retail applications but has since been expanded to include other verticals such as hospitality, education and healthcare among others.
Outdoor:
Outdoor is a term used for the environment around us. It includes all the places that are not in buildings or underground such as alleys, backyards, car parking, decks, fields and roadsides. Outdoor can be used for various applications such as events (party lighting), security/ law enforcement (lights on police cars) and environmental conservation (saving energy light).
Outdoor can be segmented into three types: hardwired lighting; wireless lighting;.
Application Insights:
The commercial application segment accounted for the largest share of more than 60.0% in 2017. The growth can be attributed to increasing adoption of LaaS services by various industries including media & entertainment, retail, healthcare and telecom among others. Furthermore, the growing trend of digital transformation is further driving the demand for advanced lighting solutions that provide operational cost savings and improved energy efficiency.
Lighting as a service has enabled media & entertainment companies to reduce electricity costs by up to 70%. It has also helped them in achieving operational cost savings by reducing their capital expenditure on lighting equipment and other infrastructure investments. In addition, it helps them achieve higher production values with ease while shooting videos or photos at night or during special events without investing heavily on lighting equipment rentals every time required light is needed.
The municipal application segment is expected register significant growth over the forecast period owing to rising government initiatives such as LightSavers program launched by The Climate Group along with Ikea Group.
Regional Analysis:
North America is expected to be the key regional market over the forecast period owing to early technology adoption and increasing demand for advanced technologies. The region accounted for more than 35% of global LaaS market share in 2017. North America was followed by Europe, which accounted for a significant revenue share in 2017 due to growing commercial and industrial applications across countries such as Germany, U.K., France, Italy, Russia among others. Asia Pacific is anticipated to witness substantial growth over the forecast period owing to increasing government initiatives towards infrastructure development coupled with rising consumer disposable income levels that can be used on better quality lighting solutions as per requirement and budgeting style.
Growth Factors:
- Increased demand for energy-efficient lighting solutions
- Growing popularity of LED lighting
- Proliferation of smart buildings and the Internet of Things (IoT)
- Rising awareness about the benefits of LaaS among businesses and consumers alike
- Rapid advancements in technology
Scope Of The Report
Report Attributes
Report Details
Report Title
Lighting as a Service (LaaS) Market Research Report
By Type
Indoor, Outdoor
By Application
Commercial, Municipal, Industrial, Others
By Companies
Koninklijke Philips, ABB(Cooper Industries), General Electric, Osram, SIB Lighting, Cree, RCG Lighthouse, Digital Lumens, Lutron, Future Energy Solutions, Lunera Lighting, Itelecom USA, Legrand S.A, Igor Inc
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
226
Number of Tables & Figures
159
Customization Available
Yes, the report can be customized as per your need.
Global Lighting as a Service (LaaS) Market Report Segments:
The global Lighting as a Service (LaaS) market is segmented on the basis of:
Types
Indoor, Outdoor
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Commercial, Municipal, Industrial, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Koninklijke Philips
- ABB(Cooper Industries)
- General Electric
- Osram
- SIB Lighting
- Cree
- RCG Lighthouse
- Digital Lumens
- Lutron
- Future Energy Solutions
- Lunera Lighting
- Itelecom USA
- Legrand S.A
- Igor Inc
 Market Overview.svg)
Highlights of The Lighting as a Service (LaaS) Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Indoor
- Outdoor
- By Application:
- Commercial
- Municipal
- Industrial
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Lighting as a Service (LaaS) Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
LaaS is a software delivery model in which the provider delivers applications, services, and solutions over the internet. LaaS providers can be public or private companies.
Some of the major companies in the lighting as a service (laas) market are Koninklijke Philips, ABB(Cooper Industries), General Electric, Osram, SIB Lighting, Cree, RCG Lighthouse, Digital Lumens, Lutron, Future Energy Solutions, Lunera Lighting, Itelecom USA, Legrand S.A, Igor Inc.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Lighting as a Service (LaaS) Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Lighting as a Service (LaaS) Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Lighting as a Service (LaaS) Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Lighting as a Service (LaaS) Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Lighting as a Service (LaaS) Market Size & Forecast, 2020-2028
4.5.1 Lighting as a Service (LaaS) Market Size and Y-o-Y Growth
4.5.2 Lighting as a Service (LaaS) Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Indoor
5.2.2 Outdoor
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Commercial
6.2.2 Municipal
6.2.3 Industrial
6.2.4 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Lighting as a Service (LaaS) Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Lighting as a Service (LaaS) Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Indoor
9.6.2 Outdoor
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Commercial
9.10.2 Municipal
9.10.3 Industrial
9.10.4 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Indoor
10.6.2 Outdoor
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Commercial
10.10.2 Municipal
10.10.3 Industrial
10.10.4 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Indoor
11.6.2 Outdoor
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Commercial
11.10.2 Municipal
11.10.3 Industrial
11.10.4 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Indoor
12.6.2 Outdoor
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Commercial
12.10.2 Municipal
12.10.3 Industrial
12.10.4 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Indoor
13.6.2 Outdoor
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Commercial
13.10.2 Municipal
13.10.3 Industrial
13.10.4 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Lighting as a Service (LaaS) Market: Competitive Dashboard
14.2 Global Lighting as a Service (LaaS) Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Koninklijke Philips
14.3.2 ABB(Cooper Industries)
14.3.3 General Electric
14.3.4 Osram
14.3.5 SIB Lighting
14.3.6 Cree
14.3.7 RCG Lighthouse
14.3.8 Digital Lumens
14.3.9 Lutron
14.3.10 Future Energy Solutions
14.3.11 Lunera Lighting
14.3.12 Itelecom USA
14.3.13 Legrand S.A
14.3.14 Igor Inc
