Press release
Lighting as a Service Market to Reach USD 12.6 Billion by 2030, Growing at 44.8% CAGR
Lighting as a Service Market
The global Lighting as a Service Market, valued at USD 0.94 billion in 2023, is anticipated to experience substantial growth, reaching approximately USD 12.60 billion by 2030. This represents a remarkable compound annual growth rate (CAGR) of 44.8% during the forecast period.
Grab your sample copy of this report now: https://www.maximizemarketresearch.com/request-sample/188821/
Market Dynamics and Regional Demand
The burgeoning demand for energy-efficient lighting solutions, coupled with advancements in LED technology, is propelling the LaaS market forward. Businesses are increasingly adopting LaaS models to benefit from reduced energy consumption, lower maintenance costs, and enhanced lighting quality without significant upfront investments. North America and Europe have emerged as early adopters, driven by stringent energy efficiency regulations and sustainability initiatives. Meanwhile, the Asia-Pacific region is witnessing rapid growth due to urbanization, infrastructure development, and supportive government policies promoting energy conservation.
Competitive Landscape
The LaaS market is characterized by the presence of key players focusing on strategic initiatives to strengthen their market positions. Notable companies include Koninklijke Philips N.V., General Electric Lighting, Itelecom, Valoya Oy, and RCG Lighthouse. These organizations are engaging in product portfolio expansions, acquisitions, partnerships, and collaborations to enhance their service offerings and global footprint.
Interested to take a sneak peek? Request a sample copy of the report to see what's inside: https://www.maximizemarketresearch.com/request-sample/188821/
Regional Insights
Vietnam: Emerging Opportunities in Lighting as a Service
Vietnam's rapid urbanization and industrialization present significant opportunities for LaaS providers. The government's focus on energy efficiency and sustainable development is encouraging businesses to adopt innovative lighting solutions, thereby driving market growth.
Thailand: Trends in Lighting as a Service Adoption
Thailand is experiencing a shift towards smart city initiatives, leading to increased adoption of LaaS models. The integration of IoT in lighting systems and the emphasis on reducing energy costs are key factors influencing this trend.
Japan: Growth in Lighting as a Service Market
Japan's commitment to technological innovation and energy conservation has led to a growing LaaS market. The adoption of advanced lighting solutions in commercial and industrial sectors is contributing to market expansion.
South Korea: Opportunities in Lighting as a Service Sector
South Korea's focus on smart infrastructure and sustainable development is creating opportunities for LaaS providers. The government's initiatives to promote energy-efficient technologies are expected to drive market growth.
Singapore: Trends in Lighting as a Service Integration
Singapore's smart nation vision and emphasis on sustainability are fostering the integration of LaaS solutions. The city's infrastructural advancements and regulatory support are facilitating the adoption of innovative lighting services.
United States: Consolidation in the Lighting as a Service Sector
The U.S. LaaS market is witnessing consolidation through strategic mergers and acquisitions. Companies are expanding their service portfolios and market reach to cater to the increasing demand for energy-efficient lighting solutions.
China: Updation in Lighting as a Service Standards
China's rapid urban development and environmental policies are leading to updates in lighting standards. The push for greener technologies and energy conservation is driving the adoption of LaaS models across various sectors.
Europe: Trends in Lighting as a Service Adoption
Europe's stringent energy regulations and commitment to sustainability are propelling the LaaS market. Businesses are increasingly opting for service-based lighting solutions to comply with environmental standards and reduce operational costs.
To access the full scope of this research, check the following page: https://www.maximizemarketresearch.com/request-sample/188821/
Key Recent Developments
Product Innovations: Companies are introducing advanced LED lighting systems with IoT capabilities, enhancing energy efficiency and providing data-driven insights for better facility management.
Strategic Partnerships: Collaborations between LaaS providers and technology firms are leading to integrated solutions that offer comprehensive energy management and smart lighting services.
Lighting as a Service Market Segment Analysis:
by Type
Hardware
Software & Services
Installation & Design Services
Financing & Maintenance Services
By Type: Hardware, software, and services, installation and design services, and finance and maintenance services are the types on which the Lighting as a Service Market is segmented. The market share of the hardware category, which includes control systems and lighting fixtures, is substantial because of the need for energy-efficient solutions.
by Technology
LED Lighting
Fluorescent Lighting
Other
By Technology: LED lighting, fluorescent lighting, and other technologies are among the technologies used in the Lighting as a Service market segmentation. Because of its varied product options and energy efficiency, LED lighting has the biggest market share. Energy efficiency and sustainability, technology developments, government policies and incentives, cost-effectiveness, consumer preferences, and industry/application needs are some of the factors influencing market shares.
by End-User
Commercial
Industrial
Residential
Municipal/Public
By End-User: The commercial, industrial, residential, and municipal/public sectors are among the end-users that are the basis for the Lighting as a Service Market Segmentation. Due to energy efficiency laws and consumer demand for better lighting, the commercial sector commands a sizable portion of the market.
Want a comprehensive market analysis? Check out the summary of the research report: https://www.maximizemarketresearch.com/market-report/lighting-as-a-service-market/188821/
Key Players in Lighting as a Service Industry:
1.Acuity Brands
2.Ameresco
3. Cree, Inc.
4.Digital Lumens
5.Eaton
6. General Electric
7. Honeywell
8. Illumitex
9.Infineon Technologies
10.Legrand
11.Lutron Electronics
12. Lunera Lighting
13. NXP Semiconductors
14.Philips Lighting
15. RCG Lighthouse
16.Schneider Electric
17. Signify
18. SIB Lighting
19.Soraa
20.Sylvania
21. Zumtobel Group
22. Zumtobel Group AG
View Popular Topics Now:
♦ Global Electric Recliner Market https://www.maximizemarketresearch.com/market-report/global-electric-recliner-market/72020/
♦ Calorimeters Market https://www.maximizemarketresearch.com/market-report/global-calorimeters-market/74321/
♦ North America Battery Energy Storage System Market https://www.maximizemarketresearch.com/market-report/north-america-battery-energy-storage-system-market/6744/
♦ Global Racing Drone Market https://www.maximizemarketresearch.com/market-report/global-racing-drone-market/116649/
♦ Under Fill Dispenser Market https://www.maximizemarketresearch.com/market-report/under-fill-dispenser-market/14820/
♦ Asia Pacific Medical Sensor Market https://www.maximizemarketresearch.com/market-report/asia-pacific-medical-sensor-market/3973/
♦ Smart EV Charger Market https://www.maximizemarketresearch.com/market-report/global-smart-ev-charger-market/124090/
♦ Global Counter IED Market https://www.maximizemarketresearch.com/market-report/global-counter-ied-market/116339/
♦ Global Power Transmission and Motion Control Market https://www.maximizemarketresearch.com/market-report/global-power-transmission-and-motion-control-market/61306/
♦ Global Neuromarketing Technology Market https://www.maximizemarketresearch.com/market-report/global-neuromarketing-technology-market/66112/
♦ Global Inertial Sensors Market https://www.maximizemarketresearch.com/market-report/global-inertial-sensors-market/75898/
♦ Global Hardware Acceleration Market https://www.maximizemarketresearch.com/market-report/global-hardware-acceleration-market/63806/
♦ Thin Film Photovoltaics Market https://www.maximizemarketresearch.com/market-report/thin-film-photovoltaics-market/189348/
♦ Asia Pacific Battery Energy Storage System Market https://www.maximizemarketresearch.com/market-report/asia-pacific-battery-energy-storage-system-market/6829/
♦ Global Chip Resistor Market https://www.maximizemarketresearch.com/market-report/global-chip-resistor-market/54072/
Connect With Us
MAXIMIZE MARKET RESEARCH PVT. LTD.
3rd Floor, Navale IT park Phase 2,
Pune Banglore Highway, Narhe
Pune, Maharashtra 411041, India.
+91 9607365656
sales@maximizemarketresearch.com
About Us
Maximize Market Research is one of the fastest-growing market research and business consulting firms serving clients globally. Our revenue impact and focused growth-driven research initiatives make us a proud partner of majority of the Fortune 500 companies. We have a diversified portfolio and serve a variety of industries such as IT & telecom, chemical, food & beverage, aerospace & defense, healthcare and others.
This release was published on openPR.
Permanent link to this press release:
Copy
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 Lighting as a Service Market to Reach USD 12.6 Billion by 2030, Growing at 44.8% CAGR here
News-ID: 3955421 • Views: …
More Releases from Maximize Market Research Pvt. Ltd.
Dermal Fillers Market Set to Reach USD 9.88 Billion by 2032 with 7.6% CAGR
Dermal Fillers Market Report Overview :
The report encompasses the latest revenue and trends within the Dermal Fillers Market. It provides an introduction to the Dermal Fillers market, defining its scope, structure, and strategies for proactive and pre-planned management. The report hones in on the factors that impact the Dermal Fillers Market in both positive and negative ways. Additionally, it assists in gauging the prospective growth of the Dermal Fillers Market…
Welding Electrode Market Set to Reach USD 11.27 Billion by 2032 with 8.9% CAGR
Welding Electrode Market Report Overview :
The report encompasses the latest revenue and trends within the Welding Electrode Market. It provides an introduction to the Welding Electrode market, defining its scope, structure, and strategies for proactive and pre-planned management. The report hones in on the factors that impact the Welding Electrode Market in both positive and negative ways. Additionally, it assists in gauging the prospective growth of the Welding Electrode Market…
Heat Sink Market Revenue Forecast: Approaching USD 13.61 Billion by 2032
Heat Sink Market Report Overview :
The report encompasses the latest revenue and trends within the Heat Sink Market. It provides an introduction to the Heat Sink market, defining its scope, structure, and strategies for proactive and pre-planned management. The report hones in on the factors that impact the Heat Sink Market in both positive and negative ways. Additionally, it assists in gauging the prospective growth of the Heat Sink Market…
Guar Gum Market Set to Reach USD 1.83 Billion by 2032 with 7.4% CAGR
Guar Gum Market Report Overview :
The report encompasses the latest revenue and trends within the Guar Gum Market. It provides an introduction to the Guar Gum market, defining its scope, structure, and strategies for proactive and pre-planned management. The report hones in on the factors that impact the Guar Gum Market in both positive and negative ways. Additionally, it assists in gauging the prospective growth of the Guar Gum Market…
More Releases for Lighting
Track Lighting Market Analysis By Top Keyplayers - Philips Lighting, Acuity Bran …
The "Track Lighting Market" is expected to reach USD xx.x billion by 2031, indicating a compound annual growth rate (CAGR) of xx.x percent from 2024 to 2031. The market was valued at USD xx.x billion In 2023.
Growing Demand and Growth Potential in the Global Track Lighting Market, 2024-2031
Verified Market Research's most recent report, "Track Lighting Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2030," provides an in-depth examination…
Residential Lighting Market Top Players || EVERLIGHT; Hinkley Lighting; IKIO LED …
Residential Lighting Market research report comprises of several parameters which are thoroughly studied by the experts. To generate the best market analysis report, a range of objectives of the marketing research are required to be kept in mind. With this industry report it becomes simpler for customers to understand the various drivers and restraints impacting the market during the forecast period. Residential Lighting Market report helps to provide such market…
Energy Efficient Lighting Market Explore Future Growth by 2022 | Philips Lightin …
Worldwide Market Reports has announced the addition of the “Global Energy Efficient Lighting Market Research Report 2017”, The report classifies the global Energy Efficient Lighting Market in a precise manner to offer detailed insights about the aspects responsible for augmenting as well as restraining market growth.
The report firstly introduced the Energy Efficient Lighting basics: definitions, classifications, applications and industry chain overview; industry policies and plans; product specifications; manufacturing processes;…
Energy Efficient Lighting Market Forecast to 2023: Acuity Brands, Cooper Lightin …
A report added to the rich database of Qurate Business Intelligence, titled “World Energy Efficient Lighting Market Research Report 2023 (Covering USA, Europe, China, Japan, India and etc)”, provides a 360-degree overview of the Global market. Approximations associated with the market values over the forecast period are based on empirical research and data collected through both primary and secondary sources. The authentic processes followed to exhibit various aspects of the…
Energy Efficient Lighting Market Development and Growth Analysis by Philips Ligh …
Worldwide Market Reports has announced the addition of the “Global Energy Efficient Lighting Market Research Report 2017”, The report classifies the global Energy Efficient Lighting Market in a precise manner to offer detailed insights about the aspects responsible for augmenting as well as restraining market growth.
The report firstly introduced the Energy Efficient Lighting basics: definitions, classifications, applications and industry chain overview; industry policies and plans; product specifications; manufacturing processes;…
Track Lighting Market 2017-2022: Eaton, Juno, Lithonia Lighting, Satco, Hubbell …
The report on “Global Track Lighting Market” is a professional report which provides thorough knowledge along with complete information pertaining to the Track Lighting industry a propos classifications, definitions, applications, industry chain summary, industry policies in addition to plans, product specifications, manufacturing processes, cost structures, etc.This market research report on the Global Track Lighting market is a complete study of the markets current trends, industry growth drivers and restraints. It…
