Lighting-as-a-Service Market Report: Trends, Forecast and Competitive Analysis to 2030

Lighting-as-a-Service Trends and Forecast

The future of the global lighting-as-a-service market looks promising with opportunities in the commercial, industrial, and municipal markets. The global lighting-as-a-service market is expected to reach an estimated $5437.2 million by 2030 with a CAGR of 35.6% from 2024 to 2030. The major drivers for this market are increasing demand worldwide for lighting technologies that use less energy, substantial R&D efforts carried out by the major organizations in the field, and quick adoption of light-emitting diode (LED) technology for energy-efficient lighting.

A more than 150-page report is developed to help in your business decisions.

Lighting-as-a-Service by Segment

The study includes a forecast for the global lighting-as-a-service by installation, component, end use, and region.

Lighting-as-a-Service Market by Installation [Shipment Analysis by Value from 2018 to 2030]:

• Indoor
• Outdoor

Lighting-as-a-Service Market by Component [Shipment Analysis by Value from 2018 to 2030]:

• Luminaries and Control Equipment
• Software and Communication Systems
• Maintenance Services

Lighting-as-a-Service Market by End Use [Shipment Analysis by Value from 2018 to 2030]:

• Commercial
• Industrial
• Municipal
• Others

Lighting-as-a-Service Market by Region [Shipment Analysis by Value from 2018 to 2030]:

• North America
• Europe
• Asia Pacific
• The Rest of the World

List of Lighting-as-a-Service Companies

Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies lighting-as-a-service companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the lighting-as-a-service companies profiled in this report include-

• Eaton Corporation
• Digital Lumens
• Every Watt Matters
• Honeywell International
• IGOR
• Koninklijke Philips
• Lutron Electronics
• OSRAM
• Seiko Epson Corporation
• Stouch Lighting

Lighting-as-a-Service Market Insights

Lucintel forecasts that indoor will remain the larger segment over the forecast period because it is widely used for impactful displays in malls and retail centers, and commercial sector's explosive expansion in emerging countries.

APAC will remain the largest region over the forecast period due to high rate of infrastructure development and adoption of technologies in the area.

Features of the Global Lighting-as-a-Service Market

Market Size Estimates: Lighting-as-a-service market size estimation in terms of value ($M).

Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.

Segmentation Analysis: Lighting-as-a-service market size by installation, component, end use, and region in terms of value ($M).

Regional Analysis: Lighting-as-a-service market breakdown by North America, Europe, Asia Pacific, and Rest of the World.

Growth Opportunities: Analysis of growth opportunities in different installation, component, end use, and regions for the lighting-as-a-service market.

Strategic Analysis: This includes M&A, new product development, and competitive landscape of the lighting-as-a-service market.

Analysis of competitive intensity of the industry based on Porter's Five Forces model.

FAQ

Q1. What is the lighting-as-a-service market size?

Answer: The global lighting-as-a-service market is expected to reach an estimated $5437.2 million by 2030.

Q2. What is the growth forecast for lighting-as-a-service market?

Answer: The global lighting-as-a-service market is expected to grow with a CAGR of 35.6% from 2024 to 2030.

Q3. What are the major drivers influencing the growth of the lighting-as-a-service market?

Answer: The major drivers for this market are increasing demand worldwide for lighting technologies that use less energy, substantial R&D efforts carried out by the major organizations in the field, and quick adoption of light-emitting diode (LED) technology for energy-efficient lighting.

Q4. What are the major segments for lighting-as-a-service market?

Answer: The future of the global lighting-as-a-service market looks promising with opportunities in the commercial, industrial, and municipal markets.

Q5. Who are the key lighting-as-a-service market companies?

Answer: Some of the key lighting-as-a-service companies are as follows:

• Eaton Corporation
• Digital Lumens
• Every Watt Matters
• Honeywell International
• IGOR
• Koninklijke Philips
• Lutron Electronics
• OSRAM
• Seiko Epson Corporation
• Stouch Lighting

Q6. Which lighting-as-a-service market segment will be the largest in future?

Answer: Lucintel forecasts that indoor will remain the larger segment over the forecast period because it is widely used for impactful displays in malls and retail centers, and commercial sector's explosive expansion in emerging countries.

Q7. In lighting-as-a-service market, which region is expected to be the largest in next 5 years?

Answer: APAC will remain the largest region over the forecast period due to high rate of infrastructure development and adoption of technologies in the area.

Q.8 Do we receive customization in this report?

Answer: Yes, Lucintel provides 10% customization without any additional cost.

This report answers following 11 key questions:

• Q.1. What are some of the most promising, high-growth opportunities for the lighting-as-a-service market by installation (indoor and outdoor), component (luminaries and control equipment, software and communication systems, and maintenance services), end use (commercial, industrial, municipal, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
• Q.2. Which segments will grow at a faster pace and why?
• Q.3. Which region will grow at a faster pace and why?
• Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
• Q.5. What are the business risks and competitive threats in this market?
• Q.6. What are the emerging trends in this market and the reasons behind them?
• Q.7. What are some of the changing demands of customers in the market?
• Q.8. What are the new developments in the market? Which companies are leading these developments?
• Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
• Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
• Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?