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Global Lighting as a Service Market: By End User: Commercial, Outdoor, Industrial; Regional Analysis; Historical Market and Forecast (2017-2027); Market Dynamics: SWOT Analysis, Porter’s Five Forces Analysis, EMR’s Key Indicators for Demand, EMR’s Key Indicators for Price; Competitive Landscape; Industry Events and Developments

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 2022-2027.

 

Global Lighting As A Service Market

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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.

 

Global Lighting As A Service Market By Segment

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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.

 

Global Lighting As A Service Market By Region

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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 2021
Historical Period 2017-2021
Forecast Period 2022-2027
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.

 

*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual 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    Industry Opportunities and Challenges
8    Global Lighting as a Service Market Analysis

    8.1    Key Industry Highlights
    8.2    Global Lighting as a Service Historical Market (2017-2021) 
    8.3    Global Lighting as a Service Market Forecast (2022-2027)
    8.4    Global Lighting as a Service Market by End User
        8.4.1    Commercial
            8.4.1.1    Market Share
            8.4.1.2    Historical Trend (2017-2021)
            8.4.1.3    Forecast Trend (2022-2027)
        8.4.2    Outdoor
            8.4.2.1    Market Share
            8.4.2.2    Historical Trend (2017-2021)
            8.4.2.3    Forecast Trend (2022-2027)
        8.4.3    Industrial
            8.4.3.1    Market Share
            8.4.3.2    Historical Trend (2017-2021)
            8.4.3.3    Forecast Trend (2022-2027)
    8.5    Global Lighting as a Service Market by Region
        8.5.1    Market Share
            8.5.1.1    North America
            8.5.1.2    Europe
            8.5.1.3    Asia Pacific
            8.5.1.4    Latin America
            8.5.1.5    Middle East and Africa
9    Regional Analysis
    9.1    North America
        9.1.1    Historical Trend (2017-2021)
        9.1.2    Forecast Trend (2022-2027)
        9.1.3    Breakup by Country
            9.1.3.1    United States of America 
            9.1.3.2    Canada
    9.2    Europe
        9.2.1    Historical Trend (2017-2021)
        9.2.2    Forecast Trend (2022-2027)
        9.2.3    Breakup by Country 
            9.2.3.1    United Kingdom
            9.2.3.2    Germany
            9.2.3.3    France
            9.2.3.4    Italy
            9.2.3.5    Others
    9.3    Asia Pacific
        9.3.1    Historical Trend (2017-2021)
        9.3.2    Forecast Trend (2022-2027)
        9.3.3    Breakup by Country
            9.3.3.1    China
            9.3.3.2    Japan
            9.3.3.3    India
            9.3.3.4    ASEAN
            9.3.3.5    Australia
            9.3.3.6    Others
    9.4    Latin America
        9.4.1    Historical Trend (2017-2021)
        9.4.2    Forecast Trend (2022-2027)
        9.4.3    Breakup by Country
            9.4.3.1    Brazil
            9.4.3.2    Argentina
            9.4.3.3    Mexico
            9.4.3.4    Others
    9.5    Middle East and Africa
        9.5.1    Historical Trend (2017-2021)
        9.5.2    Forecast Trend (2022-2027)
        9.5.3    Breakup by Country
            9.5.3.1    Saudi Arabia
            9.5.3.2    United Arab Emirates
            9.5.3.3    Nigeria
            9.5.3.4    South Africa
            9.5.3.5    Others
10    Market Dynamics
    10.1    SWOT Analysis
        10.1.1    Strengths
        10.1.2    Weaknesses
        10.1.3    Opportunities
        10.1.4    Threats
    10.2    Porter’s Five Forces Analysis
        10.2.1    Supplier’s Power
        10.2.2    Buyer’s Power
        10.2.3    Threat of New Entrants
        10.2.4    Degree of Rivalry
        10.2.5    Threat of Substitutes
    10.3    Key Indicators for Demand
    10.4    Key Indicators for Price
11    Value Chain Analysis
12    Competitive Landscape

    12.1    Market Structure
    12.2    Company Profiles
        12.2.1    Every Watt Matters
            12.2.1.1    Company Overview
            12.2.1.2    Product Portfolio
            12.2.1.3    Demographic Reach and Achievements
            12.2.1.4    Certifications
        12.2.2    Stouch Lighting
            12.2.2.1    Company Overview
            12.2.2.2    Product Portfolio
            12.2.2.3    Demographic Reach and Achievements
            12.2.2.4    Certifications
        12.2.3    Electricity Supply Board (ESB) Group
            12.2.3.1    Company Overview
            12.2.3.2    Product Portfolio
            12.2.3.3    Demographic Reach and Achievements
            12.2.3.4    Certifications
        12.2.4    LumenServe Inc
            12.2.4.1    Company Overview
            12.2.4.2    Product Portfolio
            12.2.4.3    Demographic Reach and Achievements
            12.2.4.4    Certifications
        12.2.5    RCG Lighthouse
            12.2.5.1    Company Overview
            12.2.5.2    Product Portfolio
            12.2.5.3    Demographic Reach and Achievements
            12.2.5.4    Certifications
        12.2.6    Others
13    Industry Events and Developments

 

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), 2017-2021
3.    Global Lighting as a Service Market Forecast: Breakup by End User (USD Million), 2022-2027
4.    Global Lighting as a Service Historical Market: Breakup by Region (USD Million), 2017-2021
5.    Global Lighting as a Service Market Forecast: Breakup by Region (USD Million), 2022-2027
6.    North America Lighting as a Service Historical Market: Breakup by Country (USD Million), 2017-2021
7.    North America Lighting as a Service Market Forecast: Breakup by Country (USD Million), 2022-2027
8.    Europe Lighting as a Service Historical Market: Breakup by Country (USD Million), 2017-2021
9.    Europe Lighting as a Service Market Forecast: Breakup by Country (USD Million), 2022-2027
10.    Asia Pacific Lighting as a Service Historical Market: Breakup by Country (USD Million), 2017-2021
11.    Asia Pacific Lighting as a Service Market Forecast: Breakup by Country (USD Million), 2022-2027
12.    Latin America Lighting as a Service Historical Market: Breakup by Country (USD Million), 2017-2021
13.    Latin America Lighting as a Service Market Forecast: Breakup by Country (USD Million), 2022-2027
14.    Middle East and Africa Lighting as a Service Historical Market: Breakup by Country (USD Million), 2017-2021
15.    Middle East and Africa Lighting as a Service Market Forecast: Breakup by Country (USD Million), 2022-2027
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 2022 and 2027.

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 2022-2027, 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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