PUBLISHER: Guidehouse Insights | PRODUCT CODE: 1080390
PUBLISHER: Guidehouse Insights | PRODUCT CODE: 1080390
Market Data - Lighting as a Service: Global Market Analysis and Forecasts for Commercial Building Applications
Given the success of the as a service business model in a variety of industries, lighting as a service (LaaS), broadly defined as the third-party management of lighting systems, could fundamentally change the way that owners and operators of commercial buildings procure new and upgraded lighting. Using LaaS, clients can benefit from upgraded lighting without upfront capital investment, avoid committing to the current state of lighting technology, and outsource maintenance of increasingly complex lighting hardware.
Despite this potential, adoption of LaaS has been slow and the early, optimistic expectations for market transformation have not materialized. While LaaS shares several characteristics with other as a service offerings, some important differences make market penetration challenging. For instance, as a hardware-intensive undertaking, upgrades are not easy or inexpensive throughout the life of a service agreement. Furthermore, LaaS is not available to customers that seek new or upgraded lighting through many common industry channels.
This Guidehouse Insights report examines the LaaS market for commercial buildings. It provides a forecast for LaaS revenue, segmented by construction type (new construction and retrofits), building type (office, retail, education, healthcare, hotels & restaurants, institutional/assembly, warehouse, and transport), and global region (North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa) from 2022 through 2031. The report explores market trends, drivers, and barriers, and includes recommended strategies for increasing the adoption of LaaS.
KEY QUESTIONS ADDRESSED:
- What is LaaS?
- What barriers are limiting growth of LaaS?
- What is the market size of LaaS?
- How is LaaS expected to grow?
- What should vendors do to help increase adoption of LaaS?
WHO NEEDS THIS REPORT:
- Lighting as a service providers
- Lighting manufacturers
- Energy as a service providers
- ESCOs
- Lighting control vendors
- Lighting software companies
- Commercial building owners and managers
- Investor community
Table of Contents
1. Executive Summary
- 1.1. Key Market Trends
- 1.2. Market Drivers
- 1.3. Market Barriers
- 1.4. Forecast Highlights
2. Market Issues
- 2.1. Defining Lighting as a Service
- 2.2. Market Drivers
- 2.2.1. Technological Advances in Lighting
- 2.2.2. The Trend Toward Outsourcing Building Maintenance
- 2.2.3. The Ability to Upgrade Lighting with Exclusively OPEX Funds
- 2.2.4. Sustainability Targets
- 2.2.5. Increased Adoption of Broader Energy as a Service Offerings
- 2.3. Market Barriers
- 2.3.1. Limited Value Proposition
- 2.3.2. Fragmented Value Chain
- 2.3.3. Alternative Options for Upgrading Lighting
- 2.3.4. Reputational Issues
- 2.3.5. Intelligent Building Systems Are Less Dependent on Lighting Than Expected
3. Market Forecasts
- 3.1. Forecast Methodology
- 3.2. Market Changes
- 3.3. Forecast by Construction Type
- 3.4. Market Forecast Regionally by Building Type
- 3.4.1. North America
- 3.4.2. Europe
- 3.4.3. Asia Pacific
- 3.4.4. Latin America
- 3.4.5. Middle East & Africa
4. Conclusions and Recommendations
5. Building Types
- 5.1 Office
- 5.2. Retail
- 5.3. Education
- 5.4. Healthcare
- 5.5. Hotels and Restaurants
- 5.6. Institutional/Assembly
- 5.7. Warehouse
- 5.8. Transport
6. Acronym and Abbreviation List
7. Table of Contents
8. Table of Charts and Figures
9. Scope of Study, Sources and Methodology, Notes
LIST OF CHARTS AND FIGURES
- LaaS Revenue by Region, World Markets: 2022-2031
- LaaS Revenue by Construction Type, World Markets: 2022-2031
- LaaS Revenue by Building Type, North America: 2022-2031
- LaaS Revenue by Building Type, Europe: 2022-2031
- LaaS Revenue by Building Type, Asia Pacific: 2022-2031
- LaaS Revenue by Building Type, Latin America: 2022-2031
- LaaS Revenue by Building Type, Middle East & Africa: 2022-2031
LIST OF TABLES
- LaaS CAGR Comparison by Region, World Markets: New Construction and Retrofits
- LaaS Revenue by Region, World Markets: 2022-2031
- LaaS Revenue by Construction Type, World Markets: 2022-2031
- LaaS Revenue by Construction Type, North America: 2022-2031
- LaaS Revenue by Construction Type, Europe: 2022-2031
- LaaS Revenue by Construction Type, Asia Pacific: 2022-2031
- LaaS Revenue by Construction Type, Latin America: 2022-2031
- LaaS Revenue by Construction Type, Middle East & Africa: 2022-2031
- LaaS Revenue by Building Type, World Markets: 2022-2031
- LaaS Revenue by Building Type, North America: 2022-2031
- LaaS Revenue by Building Type, Europe: 2022-2031
- LaaS Revenue by Building Type, Asia Pacific: 2022-2031
- LaaS Revenue by Building Type, Latin America: 2022-2031
- LaaS Revenue by Building Type, Middle East & Africa: 2022-2031
