Reports
Global Lighting as a Service Market Size, Share, Forecast: By End User: Commercial, Outdoor, Industrial; Regional Analysis; Market Dynamics: SWOT Analysis, Porter’s Five Forces Analysis, Key Indicators for Demand, Key Indicators for Price; Value Chain Analysis; Competitive Landscape; Key Trends and Developments in the Market; 2024-2032
Global Lighting as a Service Market Outlook
The global lighting as a service market is expected to grow at a CAGR of 50.00% in the forecast period of 2024-2032.
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North America and the Asia Pacific to Hold Significant Shares in the Global Market for Lighting as a Service
North America is expected to be one of leading regions augmenting the growth of the global market during the forecast period, owing to increasing government efforts aimed at replacing traditional lighting systems with energy-efficient lighting systems. The development of smart cities in the US and Canada is anticipated to further foster the adoption of lighting as a service (LaaS) and contribute to the market growth. Hence, the rise in the demand for lighting systems that propel the efficiency of the system, and reduce costs are some factors providing impetus to the market growth.
Following North America, the Asia Pacific region is expected to grow at a considerable rate during the forecast period. This can be attributed to regional manufacturers' rapid production of sustainable lighting systems. In addition, the increasing expenditure on home modification and the robust demand for lighting fixtures and lamps in countries like Australia are expected to boost the adoption of the LaaS business model in the region, thereby favouring the growth of the market.
Lighting as a Service: Market Segmentation
Lighting as a service (LaaS), variously known as light as a service, refers to a service-based model that is used to provide technical, financial, and managing services, such as installing a lighting system, recycling equipment, maintenance and management services. It is a model that charges for light service on a subscription basis instead of a one-time payment. The adoption of LaaS enhances energy efficiency, manages smart loads, and provides cost-effectivity.
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The end user of the market is:
- Commercial
- Outdoor
- Industrial
The EMR report looks into the regional markets for lighting as a service like North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
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Rising Adoption of Energy Efficient Lighting Systems Augmenting the Market Growth
The growth in the global market for lighting as a service can be attributed to the increasing demand for energy-efficient lighting systems, zero capital cost requirement, and growing convergence of the Internet of Things (IoT) in lighting systems to decrease energy consumption over the world. The development of smart cities across the world is expected to emerge as a key factor driving the market growth of lighting as a service. Further, the market is being stimulated by the financial benefits offered by LaaS, such as instant return on investment, no upfront capital cost, and implementation of favourable government policies, and regulations promoting the adoption of energy-efficient lighting systems.
In addition, the widespread adoption of smart lightings in commercial areas is further positively influencing the market growth of lighting as a service (LaaS). Moreover, shifting preference towards sustainable lighting solutions and the emergence of LED as an energy-efficient lighting technology are emerging to be significant factors determing the growth of the market. Hence, these are some of the factors pushing the growth of the market.
Key Industry Players in the Global Lighting as a Service Market
The report gives a detailed analysis of the following key players in the global lighting as a service market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:
- Every Watt Matters
- Stouch Lighting
- Electricity Supply Board (ESB) Group
- LumenServe Inc
- RCG Lighthouse
- Others
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.
| REPORT FEATURES | DETAILS |
|---|---|
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report | Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- End User, Region |
| Breakup by End User | Commercial, Outdoor, Industrial |
| Breakup by Region | North America, Europe, Asia Pacific, Latin America, Middle East and Africa |
| Market Dynamics | SWOT, Porter's Five Forces, Key Indicators for Price and Demand |
| Competitive Landscape | Market Structure, Company Profiles- Company Overview, Product Portfolio, Demographic Reach and Achievements, Certifications |
| Companies Covered | Every Watt Matters, Stouch Lighting, Electricity Supply Board (ESB) Group, LumenServe Inc, RCG Lighthouse, Others |
| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Lighting as a Service Market Analysis
8.1 Key Industry Highlights
8.2 Global Lighting as a Service Historical Market (2018-2023)
8.3 Global Lighting as a Service Market Forecast (2024-2032)
8.4 Global Lighting as a Service Market by End User
8.4.1 Commercial
8.4.1.1 Historical Trend (2018-2023)
8.4.1.2 Forecast Trend (2024-2032)
8.4.2 Outdoor
8.4.2.1 Historical Trend (2018-2023)
8.4.2.2 Forecast Trend (2024-2032)
8.4.3 Industrial
8.4.3.1 Historical Trend (2018-2023)
8.4.3.2 Forecast Trend (2024-2032)
8.5 Global Lighting as a Service Market by Region
8.5.1 North America
8.5.1.1 Historical Trend (2018-2023)
8.5.1.2 Forecast Trend (2024-2032)
8.5.2 Europe
8.5.2.1 Historical Trend (2018-2023)
8.5.2.2 Forecast Trend (2024-2032)
8.5.3 Asia Pacific
8.5.3.1 Historical Trend (2018-2023)
8.5.3.2 Forecast Trend (2024-2032)
8.5.4 Latin America
8.5.4.1 Historical Trend (2018-2023)
8.5.4.2 Forecast Trend (2024-2032)
8.5.5 Middle East and Africa
8.5.5.1 Historical Trend (2018-2023)
8.5.5.2 Forecast Trend (2024-2032)
9 North America Lighting as a Service Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.2 Canada
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
10 Europe Lighting as a Service Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Germany
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 France
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Italy
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
10.5 Others
11 Asia Pacific Lighting as a Service Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Japan
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 India
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 ASEAN
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 Australia
11.5.1 Historical Trend (2018-2023)
11.5.2 Forecast Trend (2024-2032)
11.6 Others
12 Latin America Lighting as a Service Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Argentina
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Mexico
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Others
13 Middle East and Africa Lighting as a Service Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 United Arab Emirates
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 Nigeria
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
13.4 South Africa
13.4.1 Historical Trend (2018-2023)
13.4.2 Forecast Trend (2024-2032)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Value Chain Analysis
16 Competitive Landscape
16.1 Market Structure
16.2 Company Profiles
16.2.1 Every Watt Matters
16.2.1.1 Company Overview
16.2.1.2 Product Portfolio
16.2.1.3 Demographic Reach and Achievements
16.2.1.4 Certifications
16.2.2 Stouch Lighting
16.2.2.1 Company Overview
16.2.2.2 Product Portfolio
16.2.2.3 Demographic Reach and Achievements
16.2.2.4 Certifications
16.2.3 Electricity Supply Board (ESB) Group
16.2.3.1 Company Overview
16.2.3.2 Product Portfolio
16.2.3.3 Demographic Reach and Achievements
16.2.3.4 Certifications
16.2.4 LumenServe Inc
16.2.4.1 Company Overview
16.2.4.2 Product Portfolio
16.2.4.3 Demographic Reach and Achievements
16.2.4.4 Certifications
16.2.5 RCG Lighthouse
16.2.5.1 Company Overview
16.2.5.2 Product Portfolio
16.2.5.3 Demographic Reach and Achievements
16.2.5.4 Certifications
16.2.6 Others
17 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Lighting as a Service Market: Key Industry Highlights, 2017 and 2027
2. Global Lighting as a Service Historical Market: Breakup by End User (USD Million), 2018-2023
3. Global Lighting as a Service Market Forecast: Breakup by End User (USD Million), 2024-2032
4. Global Lighting as a Service Historical Market: Breakup by Region (USD Million), 2018-2023
5. Global Lighting as a Service Market Forecast: Breakup by Region (USD Million), 2024-2032
6. North America Lighting as a Service Historical Market: Breakup by Country (USD Million), 2018-2023
7. North America Lighting as a Service Market Forecast: Breakup by Country (USD Million), 2024-2032
8. Europe Lighting as a Service Historical Market: Breakup by Country (USD Million), 2018-2023
9. Europe Lighting as a Service Market Forecast: Breakup by Country (USD Million), 2024-2032
10. Asia Pacific Lighting as a Service Historical Market: Breakup by Country (USD Million), 2018-2023
11. Asia Pacific Lighting as a Service Market Forecast: Breakup by Country (USD Million), 2024-2032
12. Latin America Lighting as a Service Historical Market: Breakup by Country (USD Million), 2018-2023
13. Latin America Lighting as a Service Market Forecast: Breakup by Country (USD Million), 2024-2032
14. Middle East and Africa Lighting as a Service Historical Market: Breakup by Country (USD Million), 2018-2023
15. Middle East and Africa Lighting as a Service Market Forecast: Breakup by Country (USD Million), 2024-2032
16. Global Lighting as a Service Market Structure
Key Questions Answered in the Report
The global lighting as a service market is projected to grow at a CAGR of 50.00% between 2024 and 2032.
The market is being driven by the rising adoption of energy efficient lighting systems to reduce carbon emissions and save energy, coupled with the implementation of favourable government policies.
The market growth is being driven by the development of smart city infrastructure, growing adoption of IoT in smart homes, and the financial benefits offered by LaaS.
The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
The significant end users of lighting as a service are commercial, outdoor, and industrial.
The major players in the industry are Every Watt Matters, Stouch Lighting, Electricity Supply Board (ESB) Group, LumenServe Inc, and RCG Lighthouse, among others.
Analyst Review
Global lighting as a service market is being driven by the increasing demand for energy-efficient lighting systems. Aided by the development of smart cities, the market is expected to witness a further growth in the forecast period of 2024-2032, growing at a CAGR of 50.00%.
EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. The market, based on end user, can be divided into commercial, outdoor, and industrial. The major regional markets for lighting as a service are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The key players in the above market are Every Watt Matters, Stouch Lighting, Electricity Supply Board (ESB) Group, LumenServe Inc, and RCG Lighthouse, among others.
EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.
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