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PUBLISHER: IMARC | PRODUCT CODE: 1370462
PUBLISHER: IMARC | PRODUCT CODE: 1370462
Lighting as a Service Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028
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PAGES: 147 Pages
DELIVERY TIME: 2-3 business days
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Abstract
Market Overview:
The global lighting as a service market size reached US$ 622 Million in 2022. Looking forward, IMARC Group expects the market to reach US$ 6,300 Million by 2028, exhibiting a growth rate (CAGR) of 43.5% during 2023-2028.
Lighting as a service (LaaS) refers to a service-based model that provides technical and financial management services to enable an easy switchover from old-style lighting to smart lighting. By using sensors and the Internet of Things (IoT) technology, it assists with the installation of lighting systems and recycling equipment, along with proper maintenance and management of the same. Furthermore, it does not demand upfront investments from end users as it requires charges on a monthly basis instead of a one-time fee for light services. Through the service, lighting retrofits are charged to customers as a part of an ongoing purchase agreement, which allows the cost to be spread out over the course of several months or years. Some of the key advantages of using lighting as a service include reduced energy consumption, continual cost savings, no maintenance liability, and the ability to add-on features, including data collection, inter-device communication, and remote management.
Lighting as a Service Market Trends:
The market is majorly driven by the escalating demand for energy-efficient lighting systems across the globe. This can be attributed to the paradigm shift of the masses towards sustainable lighting solutions from conventional lighting. Moreover, continual product innovations and the launch of new products are providing an impetus to the market growth. Also, the rapid utilization of light-emitting diode (LED) as an energy-efficient lighting technology is creating a positive outlook for the market. Favorable policies and regulations adopted by government bodies of several countries for promoting energy conservation are acting as significant growth-inducing factors for the market. Some of the other factors contributing to the market include rapid urbanization and industrialization, the emergence of smart homes, the inflating disposable income levels of the masses ad extensive research and development (R&D) activities conducted by the key players.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global lighting as a service market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on component, installation and end user.
Breakup by Component:
Luminaries and Control Equipment
Software and Communication Systems
Maintenance Services
Breakup by Installation:
Indoor
Outdoor
Breakup by End User:
Commercial
Industrial
Municipal
Others
Breakup by Region:
North America
United States
Canada
Asia-Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being Acuity Brands Lighting Inc., Electricity Supply Board (ESB) Group, Enlighted Inc., Every Watt Matters, LumenServe Inc., RCG LightHouse, Signify N.V., Stouch Lighting and UrbanVolt.
Key Questions Answered in This Report
- 1. How big is the global lighting as a service market?
- 2. What is the expected growth rate of the global lighting as a service market during 2023-2028?
- 3. What are the key factors driving the global lighting as a service market?
- 4. What has been the impact of COVID-19 on the global lighting as a service market?
- 5. What is the breakup of the global lighting as a service market based on the installation?
- 6. What is the breakup of the global lighting as a service market based on the end user?
- 7. What are the key regions in the global lighting as a service market?
- 8. Who are the key players/companies in the global lighting as a service market?
Product Code: SR112023A6252
Table of Contents
1 Preface
2 Scope and Methodology
- 2.1 Objectives of the Study
- 2.2 Stakeholders
- 2.3 Data Sources
- 2.3.1 Primary Sources
- 2.3.2 Secondary Sources
- 2.4 Market Estimation
- 2.4.1 Bottom-Up Approach
- 2.4.2 Top-Down Approach
- 2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
- 4.1 Overview
- 4.2 Key Industry Trends
5 Global Lighting as a Service Market
- 5.1 Market Overview
- 5.2 Market Performance
- 5.3 Impact of COVID-19
- 5.4 Market Forecast
6 Market Breakup by Component
- 6.1 Luminaries and Control Equipment
- 6.1.1 Market Trends
- 6.1.2 Market Forecast
- 6.2 Software and Communication Systems
- 6.2.1 Market Trends
- 6.2.2 Market Forecast
- 6.3 Maintenance Services
- 6.3.1 Market Trends
- 6.3.2 Market Forecast
7 Market Breakup by Installation
- 7.1 Indoor
- 7.1.1 Market Trends
- 7.1.2 Market Forecast
- 7.2 Outdoor
- 7.2.1 Market Trends
- 7.2.2 Market Forecast
8 Market Breakup by End User
- 8.1 Commercial
- 8.1.1 Market Trends
- 8.1.2 Market Forecast
- 8.2 Industrial
- 8.2.1 Market Trends
- 8.2.2 Market Forecast
- 8.3 Municipal
- 8.3.1 Market Trends
- 8.3.2 Market Forecast
- 8.4 Others
- 8.4.1 Market Trends
- 8.4.2 Market Forecast
9 Market Breakup by Region
- 9.1 North America
- 9.1.1 United States
- 9.1.1.1 Market Trends
- 9.1.1.2 Market Forecast
- 9.1.2 Canada
- 9.1.2.1 Market Trends
- 9.1.2.2 Market Forecast
- 9.1.1 United States
- 9.2 Asia-Pacific
- 9.2.1 China
- 9.2.1.1 Market Trends
- 9.2.1.2 Market Forecast
- 9.2.2 Japan
- 9.2.2.1 Market Trends
- 9.2.2.2 Market Forecast
- 9.2.3 India
- 9.2.3.1 Market Trends
- 9.2.3.2 Market Forecast
- 9.2.4 South Korea
- 9.2.4.1 Market Trends
- 9.2.4.2 Market Forecast
- 9.2.5 Australia
- 9.2.5.1 Market Trends
- 9.2.5.2 Market Forecast
- 9.2.6 Indonesia
- 9.2.6.1 Market Trends
- 9.2.6.2 Market Forecast
- 9.2.7 Others
- 9.2.7.1 Market Trends
- 9.2.7.2 Market Forecast
- 9.2.1 China
- 9.3 Europe
- 9.3.1 Germany
- 9.3.1.1 Market Trends
- 9.3.1.2 Market Forecast
- 9.3.2 France
- 9.3.2.1 Market Trends
- 9.3.2.2 Market Forecast
- 9.3.3 United Kingdom
- 9.3.3.1 Market Trends
- 9.3.3.2 Market Forecast
- 9.3.4 Italy
- 9.3.4.1 Market Trends
- 9.3.4.2 Market Forecast
- 9.3.5 Spain
- 9.3.5.1 Market Trends
- 9.3.5.2 Market Forecast
- 9.3.6 Russia
- 9.3.6.1 Market Trends
- 9.3.6.2 Market Forecast
- 9.3.7 Others
- 9.3.7.1 Market Trends
- 9.3.7.2 Market Forecast
- 9.3.1 Germany
- 9.4 Latin America
- 9.4.1 Brazil
- 9.4.1.1 Market Trends
- 9.4.1.2 Market Forecast
- 9.4.2 Mexico
- 9.4.2.1 Market Trends
- 9.4.2.2 Market Forecast
- 9.4.3 Others
- 9.4.3.1 Market Trends
- 9.4.3.2 Market Forecast
- 9.4.1 Brazil
- 9.5 Middle East and Africa
- 9.5.1 Market Trends
- 9.5.2 Market Breakup by Country
- 9.5.3 Market Forecast
10 SWOT Analysis
- 10.1 Overview
- 10.2 Strengths
- 10.3 Weaknesses
- 10.4 Opportunities
- 10.5 Threats
11 Value Chain Analysis
12 Porters Five Forces Analysis
- 12.1 Overview
- 12.2 Bargaining Power of Buyers
- 12.3 Bargaining Power of Suppliers
- 12.4 Degree of Competition
- 12.5 Threat of New Entrants
- 12.6 Threat of Substitutes
13 Price Analysis
14 Competitive Landscape
- 14.1 Market Structure
- 14.2 Key Players
- 14.3 Profiles of Key Players
- 14.3.1 Acuity Brands Lighting Inc.
- 14.3.1.1 Company Overview
- 14.3.1.2 Product Portfolio
- 14.3.2 Electricity Supply Board (ESB) Group
- 14.3.2.1 Company Overview
- 14.3.2.2 Product Portfolio
- 14.3.3 Enlighted Inc.
- 14.3.3.1 Company Overview
- 14.3.3.2 Product Portfolio
- 14.3.4 Every Watt Matters
- 14.3.4.1 Company Overview
- 14.3.4.2 Product Portfolio
- 14.3.5 LumenServe Inc.
- 14.3.5.1 Company Overview
- 14.3.5.2 Product Portfolio
- 14.3.6 RCG LightHouse
- 14.3.6.1 Company Overview
- 14.3.6.2 Product Portfolio
- 14.3.7 Signify N.V.
- 14.3.7.1 Company Overview
- 14.3.7.2 Product Portfolio
- 14.3.7.3 Financials
- 14.3.8 Stouch Lighting
- 14.3.8.1 Company Overview
- 14.3.8.2 Product Portfolio
- 14.3.9 UrbanVolt
- 14.3.9.1 Company Overview
- 14.3.9.2 Product Portfolio
- 14.3.1 Acuity Brands Lighting Inc.
Product Code: SR112023A6252
List of Figures
- Figure 1: Global: Lighting as a Service Market: Major Drivers and Challenges
- Figure 2: Global: Lighting as a Service Market: Sales Value (in Million US$), 2017-2022
- Figure 3: Global: Lighting as a Service Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 4: Global: Lighting as a Service Market: Breakup by Component (in %), 2022
- Figure 5: Global: Lighting as a Service Market: Breakup by Installation (in %), 2022
- Figure 6: Global: Lighting as a Service Market: Breakup by End User (in %), 2022
- Figure 7: Global: Lighting as a Service Market: Breakup by Region (in %), 2022
- Figure 8: Global: Lighting as a Service (Luminaries and Control Equipment) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 9: Global: Lighting as a Service (Luminaries and Control Equipment) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 10: Global: Lighting as a Service (Software and Communication Systems) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 11: Global: Lighting as a Service (Software and Communication Systems) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 12: Global: Lighting as a Service (Maintenance Services) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 13: Global: Lighting as a Service (Maintenance Services) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 14: Global: Lighting as a Service (Indoor) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 15: Global: Lighting as a Service (Indoor) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 16: Global: Lighting as a Service (Outdoor) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 17: Global: Lighting as a Service (Outdoor) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 18: Global: Lighting as a Service (Commercial) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 19: Global: Lighting as a Service (Commercial) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 20: Global: Lighting as a Service (Industrial) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 21: Global: Lighting as a Service (Industrial) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 22: Global: Lighting as a Service (Municipal) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 23: Global: Lighting as a Service (Municipal) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 24: Global: Lighting as a Service (Other End Users) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 25: Global: Lighting as a Service (Other End Users) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 26: North America: Lighting as a Service Market: Sales Value (in Million US$), 2017 & 2022
- Figure 27: North America: Lighting as a Service Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 28: United States: Lighting as a Service Market: Sales Value (in Million US$), 2017 & 2022
- Figure 29: United States: Lighting as a Service Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 30: Canada: Lighting as a Service Market: Sales Value (in Million US$), 2017 & 2022
- Figure 31: Canada: Lighting as a Service Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 32: Asia-Pacific: Lighting as a Service Market: Sales Value (in Million US$), 2017 & 2022
- Figure 33: Asia-Pacific: Lighting as a Service Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 34: China: Lighting as a Service Market: Sales Value (in Million US$), 2017 & 2022
- Figure 35: China: Lighting as a Service Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 36: Japan: Lighting as a Service Market: Sales Value (in Million US$), 2017 & 2022
- Figure 37: Japan: Lighting as a Service Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 38: India: Lighting as a Service Market: Sales Value (in Million US$), 2017 & 2022
- Figure 39: India: Lighting as a Service Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 40: South Korea: Lighting as a Service Market: Sales Value (in Million US$), 2017 & 2022
- Figure 41: South Korea: Lighting as a Service Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 42: Australia: Lighting as a Service Market: Sales Value (in Million US$), 2017 & 2022
- Figure 43: Australia: Lighting as a Service Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 44: Indonesia: Lighting as a Service Market: Sales Value (in Million US$), 2017 & 2022
- Figure 45: Indonesia: Lighting as a Service Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 46: Others: Lighting as a Service Market: Sales Value (in Million US$), 2017 & 2022
- Figure 47: Others: Lighting as a Service Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 48: Europe: Lighting as a Service Market: Sales Value (in Million US$), 2017 & 2022
- Figure 49: Europe: Lighting as a Service Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 50: Germany: Lighting as a Service Market: Sales Value (in Million US$), 2017 & 2022
- Figure 51: Germany: Lighting as a Service Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 52: France: Lighting as a Service Market: Sales Value (in Million US$), 2017 & 2022
- Figure 53: France: Lighting as a Service Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 54: United Kingdom: Lighting as a Service Market: Sales Value (in Million US$), 2017 & 2022
- Figure 55: United Kingdom: Lighting as a Service Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 56: Italy: Lighting as a Service Market: Sales Value (in Million US$), 2017 & 2022
- Figure 57: Italy: Lighting as a Service Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 58: Spain: Lighting as a Service Market: Sales Value (in Million US$), 2017 & 2022
- Figure 59: Spain: Lighting as a Service Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 60: Russia: Lighting as a Service Market: Sales Value (in Million US$), 2017 & 2022
- Figure 61: Russia: Lighting as a Service Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 62: Others: Lighting as a Service Market: Sales Value (in Million US$), 2017 & 2022
- Figure 63: Others: Lighting as a Service Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 64: Latin America: Lighting as a Service Market: Sales Value (in Million US$), 2017 & 2022
- Figure 65: Latin America: Lighting as a Service Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 66: Brazil: Lighting as a Service Market: Sales Value (in Million US$), 2017 & 2022
- Figure 67: Brazil: Lighting as a Service Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 68: Mexico: Lighting as a Service Market: Sales Value (in Million US$), 2017 & 2022
- Figure 69: Mexico: Lighting as a Service Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 70: Others: Lighting as a Service Market: Sales Value (in Million US$), 2017 & 2022
- Figure 71: Others: Lighting as a Service Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 72: Middle East and Africa: Lighting as a Service Market: Sales Value (in Million US$), 2017 & 2022
- Figure 73: Middle East and Africa: Lighting as a Service Market: Breakup by Country (in %), 2022
- Figure 74: Middle East and Africa: Lighting as a Service Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 75: Global: Lighting as a Service Industry: SWOT Analysis
- Figure 76: Global: Lighting as a Service Industry: Value Chain Analysis
- Figure 77: Global: Lighting as a Service Industry: Porter's Five Forces Analysis
List of Tables
- Table 1: Global: Lighting as a Service Market: Key Industry Highlights, 2022 and 2028
- Table 2: Global: Lighting as a Service Market Forecast: Breakup by Component (in Million US$), 2023-2028
- Table 3: Global: Lighting as a Service Market Forecast: Breakup by Installation (in Million US$), 2023-2028
- Table 4: Global: Lighting as a Service Market Forecast: Breakup by End User (in Million US$), 2023-2028
- Table 5: Global: Lighting as a Service Market Forecast: Breakup by Region (in Million US$), 2023-2028
- Table 6: Global: Lighting as a Service Market: Competitive Structure
- Table 7: Global: Lighting as a Service Market: Key Players
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