Market Research Report
Lighting as a Service: Third-Party Management of Lighting Systems in Commercial Buildings - Global Market Analysis and Forecasts
|Published by||Navigant Research||Product code||354658|
|Published||Content info||39 Pages; 24 Tables, Charts & Figures
|Lighting as a Service: Third-Party Management of Lighting Systems in Commercial Buildings - Global Market Analysis and Forecasts|
|Published: December 18, 2017||Content info: 39 Pages; 24 Tables, Charts & Figures||
The lighting industry is in the midst of change as LED lighting becomes more and more popular and lighting controls continue to improve. Due to the evolving market, customers are unsure of lighting products and systems that are needed to stay current and maximize the bottom line of business. Energy efficient decision makers within the commercial building industry struggle with the plethora of lighting product and controls available on the market. As a result of this struggle, the market is seeing a shift in how lighting and other building technologies are obtained and managed. These shifts and uncertainties will lead to the rise of lighting as a service (LaaS).
Navigant Research broadly defines LaaS as the third-party management of a lighting system, including additional maintenance, financial, technical, or operational services. A key focus of an as a service business model is shifting business spending from CAPEX to OPEX. LaaS offerings can range from basic lighting upgrades to services that include advanced sensors, controls, and network communications to add value that supports an organization's core mission. The market is shifting from a traditional financing model to an increased number of turnkey services, providing the customer with a full-scale offering from audit and design to installation to management and maintenance of the system. This is the beginning of a trend that Navigant Research anticipates will grow over the next 10 years.
This Navigant Research report examines the LaaS market for commercial buildings, with a focus on financing, maintenance, and turnkey services. The study addresses market issues, including key drivers and barriers, related to LaaS solutions. Global market forecasts for LaaS revenue, segmented by service type, building type, and region, extend through 2026. The report also examines the key services related to LaaS, as well as the competitive landscape.