openPR Logo
Press release

Global Lighting as a Service Market, Trends, Growth, Analysis, Key Players, Outlook, Report, Forecast 2022-2028

11-17-2022 10:51 AM CET | IT, New Media & Software

Press release from: Introspective Market Research

Global Lighting as a Service Market, Trends, Growth, Analysis,

Market Overview:
The Global Lighting as a Service Market size was valued at USD 1.27 Billion in 2021 and is projected to reach USD 13.73 Billion by 2028, growing at a CAGR of 40.4% from 2022 to 2028.

The market for "lighting- as- a-service" analyzes the business model where the client does not purchase its lighting fixtures. Instead, it signs a multilayered contract that includes a flat charge for the required lights. The lighting company offers the lights, luminaries, and controls in addition to perhaps providing extra services like data analysis and financing arrangements. The lighting system is installed by independent installation companies, who are paid by the lighting company to maintain the system for the duration of the contract. The report also discusses the market expansion of various end users and how that has affected various geographical region.

Get More Info About This Report:

Market Dynamics:
Lighting systems are widely used in residential and commercial structures, including malls, offices, stores, institutions, hospitals, as well as municipal and industrial sectors. By choosing lighting- as- a-service, the main issue of expensive lighting retrofit costs is resolved. Additionally, it provides financial advantages like an immediate return on investment with no up-front capital costs and government subsidiaries for the installation of lighting solutions that use less energy.

The development of current technologies will offer the market wonderful prospects to grow. By 2020, over 75% of the exterior lights that are maintained by local governments will switch over to light-emitting diodes (LEDs), according to an estimate from the US Department of Energy (DOE). The market growth forecast for lighting as a service in the upcoming years is also promising. Future advancements in LED technology will further cut energy usage, creating a more favorable market for lighting- as- a-service vendors and end users. New developments in internet of things (IoT) and artificial intelligence (AI) technology are resulting in an increase in smart homes and commercial structures. In general, smart lighting is not only practical but also energy-efficient.

Download free sample Report@

In Market Segmentation On By Component, Lighting as a Service Market Report Covers:
• Software
• Luminaries & Controls
• Service

In Market Segmentation By Installation, Lighting as a Service Market Report Covers:
• Outdoor
• Indoor

In Market Segmentation By End-Use, Lighting as a Service Market Report Covers:
• Commercial
• Industrial
• Other End-Uses

Regional Analysis In The Lighting as a Service Market
North America is predicted to be the most market for lighting as a service (LaaS), followed by Western and Eastern Europe. The lighting as a service market in North America is being driven by an increase in demand for commercial launches, as LaaS has the ability to save money and reduce energy consumption globally. Eastern and Western Europe are the second leading regions due to rising commercial and industrial demand. During the projected period, the local segment is expected to have the most demand. Municipal end users include lighting provided by local governments for open public spaces, streets, bridges, public parking areas, walkways, and highways. Emerging markets such as China, India, the Philippines, Thailand, Malaysia, and Indonesia are also driving the market, with Asia-Pacific (excluding Japan) being the fastest growing region in the world.

Ask for Customization @

By Region
• North America (U.S., Canada, Mexico)
• Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
• Asia-Pacific (China, India, Japan, Singapore, Australia, New Zealand, Rest of APAC)
• Middle East & Africa (Turkey, Saudi Arabia, Iran, UAE, Africa, Rest of MEA)
• South America (Brazil, Argentina, Rest of SA)

Top Key Players Covered In Lighting as a Service Market
• Igor Inc. (U.S.)
• Itelecom (Chile)
• Koninklijke Philips N.V. (Netherlands)
• General Electric Lighting (U.S.)
• Zumtobel Group AG(Austria)
• SIB Lighting (U.S.)
• Lunera Lighting (U.S.)
• Cree Inc. (U.S.)
• Future Energy Solutions (U.S.)
• Rcg Lighthouse (Latvia) and Other Major Players

Key Industry Developments In The Lighting as a Service Market
• In February 2020, US LED, the industry's top supplier of ultra-long-lasting LED lighting systems, recently introduced Light NowTM, a new Lighting as a Service (LaaS) offering. US LED will be able to give customers the option to install new LED lighting systems in their facilities with no upfront capital thanks to the launch of Lighting as a Service. This makes it possible for businesses to get new LED lighting as a monthly service agreement and avoid recording capital expenses.
• In August 2020, The smart home lighting solutions from LEDVANCE and Bosch were announced by LEDVANCE GmbH. Customers may now apply for the Bosch Smart House System even more easily thanks to the integration of LEDVANCE Smart+ products because this high-quality solution for a secure home eliminates the need for a separate bridge.

Have A Query? Market An Enquiry Before Purchase @

Table Of Content:
Chapter 1: Introduction
 1.1 Research Objectives
 1.2 Research Methodology
 1.3 Research Process
 1.4 Scope and Coverage
  1.4.1 Market Definition
  1.4.2 Key Questions Answered
 1.5 Market Segmentation
Chapter 2:Executive Summary
Chapter 3:Growth Opportunities By Segment
 3.1 By Component
 3.2 By Installation
 3.3 By End-Use
Chapter 4: Market Landscape
 4.1 Porter's Five Forces Analysis
  4.1.1 Bargaining Power of Supplier
  4.1.2 Threat of New Entrants
  4.1.3 Threat of Substitutes
  4.1.4 Competitive Rivalry
  4.1.5 Bargaining Power Among Buyers
 4.2 Industry Value Chain Analysis
 4.3 Market Dynamics
  4.3.1 Drivers
  4.3.2 Restraints
  4.3.3 Opportunities
  4.5.4 Challenges
 4.4 Pestle Analysis
 4.5 Technological Roadmap
 4.6 Regulatory Landscape
 4.7 SWOT Analysis
 4.8 Price Trend Analysis
 4.9 Patent Analysis
 4.10 Analysis of the Impact of Covid-19
  4.10.1 Impact on the Overall Market
  4.10.2 Impact on the Supply Chain
  4.10.3 Impact on the Key Manufacturers
  4.10.4 Impact on the Pricing
Chapter 5: Lighting as a service Market by Component
 5.1 Lighting as a service Market Overview Snapshot and Growth Engine
 5.2 Lighting as a service Market Overview
 5.3 Software
  5.3.1 Introduction and Market Overview
  5.3.2 Historic and Forecasted Market Size (2016-2028F)
  5.3.3 Key Market Trends, Growth Factors and Opportunities
  5.3.4 Software: Geographic Segmentation
 5.4 Luminaries & Controls
  5.4.1 Introduction and Market Overview
  5.4.2 Historic and Forecasted Market Size (2016-2028F)
  5.4.3 Key Market Trends, Growth Factors and Opportunities
  5.4.4 Luminaries & Controls: Geographic Segmentation
 5.5 Services
  5.5.1 Introduction and Market Overview
  5.5.2 Historic and Forecasted Market Size (2016-2028F)
  5.5.3 Key Market Trends, Growth Factors and Opportunities
  5.5.4 Services: Geographic Segmentation

Purchase This Report:

Report Published By Us:

Contact us:
Introspective Market Research
3001 S King Drive,
Chicago, Illinois
60616 USA
Ph no: +1-773-382-1047
Linkedin| Twitter| Facebook

About us:
Introspective Market Research ( is a visionary research consulting firm dedicated to assisting our clients to grow and have a successful impact on the market. Our team at IMR is ready to assist our clients to flourish their business by offering strategies to gain success and monopoly in their respective fields. We are a global market research company, that specializes in using big data and advanced analytics to show the bigger picture of the market trends. We help our clients to think differently and build better tomorrow for all of us. We are a technology-driven research company, we analyze extremely large sets of data to discover deeper insights and provide conclusive consulting. We not only provide intelligence solutions, but we help our clients in how they can achieve their goals.

This release was published on openPR.

Permanent link to this press release:

Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Global Lighting as a Service Market, Trends, Growth, Analysis, Key Players, Outlook, Report, Forecast 2022-2028 here

News-ID: 2810856 • Views: 7011

More Releases from Introspective Market Research

Coffee Whitener Market size to increase by USD 27.98 Bn | Driven by growing prominence for online retailing | Introspective Market Research
Coffee Whitener Market size to increase by USD 27.98 Bn | Driven by growing prom …
Market Overview: The global coffee whitener market is estimated to be worth USD 18.1 billion in 2022 and is projected to reach USD 27.98 billion by 2030, growing at a CAGR of 5.6% from 2023 to 2030. Coffee whitener, available in liquid or granular form, serves as a milk substitute when added to coffee. Termed also as coffee creamer, its popularity is set to surge due to the growing vegan movement,
US Smart Cities Industry Development, Key Manufacturers and Forecast Report 2023-2030
US Smart Cities Industry Development, Key Manufacturers and Forecast Report 2023 …
Market Overview: The US Smart Cities Market is Expected to Grow at a Significant Growth Rate, and the Forecast Period is 2023-2030, Considering the Base Year as 2022. The US Smart Cities Market is a dynamic and rapidly evolving landscape focused on transforming urban areas through the integration of innovative technologies and data-driven solutions. Smart cities leverage digital infrastructure, IoT devices, data analytics, and connectivity to enhance the quality of life, sustainability,
Global Cancer Biomarkers Market 2023 Insights And Statistics: Industry Size Till 2030
Global Cancer Biomarkers Market 2023 Insights And Statistics: Industry Size Till …
Market Overview: The Cancer Biomarkers Market size is anticipated to reach USD 48.52 billion by 2028 from an estimated USD 16.56 billion in 2021, growing at a CAGR of 16.6% globally. Analysis Period 2023 - 2030. Biomarker testing involves the examination of genes, proteins, and other substances, known as biomarkers or tumor markers, to gather cancer information. Each individual's cancer exhibits a distinct pattern of biomarkers. Biomarkers, which are also referred to
Outdoor Tv Market Size, Share & Trends Analysis Report By Product , By Distribution Channel, By Region, And Segment Forecasts, 2023-30
Outdoor Tv Market Size, Share & Trends Analysis Report By Product , By Distribut …
Market Overview: The Outdoor Tv Market Is Expected To Grow At A Significant Growth Rate, And The Analysis Period Is 2023-2030, Considering The Base Year As 2023. Outdoor TVs are specifically designed and built to withstand various weather conditions and environmental factors, making them suitable for outdoor use in areas such as patios, decks, and other outdoor living spaces. They differ from indoor TVs in their durability, brightness, and weather-resistant features. One

All 5 Releases

More Releases for Light

Light Bulb Camera 2022: Best Light Bulb Security Camera
From anywhere in the world, you can check on your family members with this clever Light bulb camera has a concealed security camera! In the world's population, those over the age of 50 make up an increasingly large proportion of the total. These individuals are more likely to suffer from health challenges or lives alone, which increases the hazards they face. When our elderly relatives live alone, we have a natural
Light Sanitizer Review: Does UV Light Sanitizer Really Work?
Visit Official Website Here >> 【PROFESSIONAL UV LIGHT SANITIZER LAMP】 FCC, CE, RoHS Certified, EPA Est. No.96932-CHN-1. Advanced ultraviolet disinfection technology, the UV disinfectant lamp has 7 high-intensity UVC and 158 UVA double effect, 99.99% sterilization rate, Ultra Violet through radiation damage to microorganisms (bacteria, viruses, fungus, pathogen, molds, micro pests) and destroy DNA RNA, to achieving the purpose of disinfection 【240-280NM COMPREHENSIVE THOROUGH STERILIZATION】 The light transmittance of microorganisms
What is Li-Fi (Light Fidelity Visible Light Communication)?
Light fidelity (Li-Fi)/visible light communication is wireless communication technology that uses light to transmit data and position between devices. This technology facilitates internet facilities in a closed, controlled environment such as airplanes, shopping complexes, hospitals, offices, and vehicles, among others. It is widely utilized to offer communication between electronic devices with the support of visible light, particularly the LED bulbs. This evolving technology has various advantages over currently prevalent Wi-Fi
Global LED Lighting Market Technology Insights, Forecast to 2025 | Spot Light, S …
This report presents the worldwide LED Lighting market size (value, production and consumption), splits the breakdown (data status 2013-2018 and forecast to 2025), by manufacturers, region, type and application. This study also analyzes the market status, market share, growth rate, future trends, market drivers, opportunities and challenges, risks and entry barriers, sales channels, distributors and Porter's Five Forces Analysis. The LED Lighting market was valued at Million US$ in 2017 and is
Light Control Sensor Light Global Market Research Report 2018
GET SAMPLE REPORT @ Light Control Sensor Light Report by Material, Application, and Geography � Global Forecast to 2022 is a professional and in-depth research report on the world's major regional market conditions, focusing on the main regions (North America, Europe and Asia-Pacific) and the main countries (United States, Germany, united Kingdom, Japan, South Korea and China). The report firstly introduced the Light Control Sensor Light basics: definitions, classifications, applications and
LED Light: 2017 Global LED Light Bulb Market Outlook
Orbis Research delivers key insights on the Global LED Light Bulb Market in a new report titled “Global LED Light Bulb Market Research Report 2017-2022 by Players, Regions, Product Types and Applications.” In this report, Orbis Research sheds light on the various factors and trends impacting market growth over the forecast period (2017 – 2022). Description The Global LED Light Bulb Market report offers a comprehensive evaluation of the Global LED