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Lighting as a Service Market Report by Component, Installation, End User, and Region 2024-2032

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    Report

  • 136 Pages
  • August 2024
  • Region: Global
  • IMARC Group
  • ID: 5682398
The global lighting as a service market size reached US$ 892.2 Million in 2023. Looking forward, the publisher expects the market to reach US$ 15.13 billion by 2032, exhibiting a growth rate (CAGR) of 36.97% during 2023-2032.

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:

The publisher 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 2024-2032. 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 2024-2032?
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?

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
9.2 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
9.3 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
9.4 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
9.5 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
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$), 2018-2023
Figure 3: Global: Lighting as a Service Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 4: Global: Lighting as a Service Market: Breakup by Component (in %), 2023
Figure 5: Global: Lighting as a Service Market: Breakup by Installation (in %), 2023
Figure 6: Global: Lighting as a Service Market: Breakup by End User (in %), 2023
Figure 7: Global: Lighting as a Service Market: Breakup by Region (in %), 2023
Figure 8: Global: Lighting as a Service (Luminaries and Control Equipment) Market: Sales Value (in Million US$), 2018 & 2023
Figure 9: Global: Lighting as a Service (Luminaries and Control Equipment) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 10: Global: Lighting as a Service (Software and Communication Systems) Market: Sales Value (in Million US$), 2018 & 2023
Figure 11: Global: Lighting as a Service (Software and Communication Systems) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 12: Global: Lighting as a Service (Maintenance Services) Market: Sales Value (in Million US$), 2018 & 2023
Figure 13: Global: Lighting as a Service (Maintenance Services) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 14: Global: Lighting as a Service (Indoor) Market: Sales Value (in Million US$), 2018 & 2023
Figure 15: Global: Lighting as a Service (Indoor) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 16: Global: Lighting as a Service (Outdoor) Market: Sales Value (in Million US$), 2018 & 2023
Figure 17: Global: Lighting as a Service (Outdoor) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 18: Global: Lighting as a Service (Commercial) Market: Sales Value (in Million US$), 2018 & 2023
Figure 19: Global: Lighting as a Service (Commercial) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 20: Global: Lighting as a Service (Industrial) Market: Sales Value (in Million US$), 2018 & 2023
Figure 21: Global: Lighting as a Service (Industrial) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 22: Global: Lighting as a Service (Municipal) Market: Sales Value (in Million US$), 2018 & 2023
Figure 23: Global: Lighting as a Service (Municipal) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 24: Global: Lighting as a Service (Other End Users) Market: Sales Value (in Million US$), 2018 & 2023
Figure 25: Global: Lighting as a Service (Other End Users) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 26: North America: Lighting as a Service Market: Sales Value (in Million US$), 2018 & 2023
Figure 27: North America: Lighting as a Service Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 28: United States: Lighting as a Service Market: Sales Value (in Million US$), 2018 & 2023
Figure 29: United States: Lighting as a Service Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 30: Canada: Lighting as a Service Market: Sales Value (in Million US$), 2018 & 2023
Figure 31: Canada: Lighting as a Service Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 32: Asia-Pacific: Lighting as a Service Market: Sales Value (in Million US$), 2018 & 2023
Figure 33: Asia-Pacific: Lighting as a Service Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 34: China: Lighting as a Service Market: Sales Value (in Million US$), 2018 & 2023
Figure 35: China: Lighting as a Service Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 36: Japan: Lighting as a Service Market: Sales Value (in Million US$), 2018 & 2023
Figure 37: Japan: Lighting as a Service Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 38: India: Lighting as a Service Market: Sales Value (in Million US$), 2018 & 2023
Figure 39: India: Lighting as a Service Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 40: South Korea: Lighting as a Service Market: Sales Value (in Million US$), 2018 & 2023
Figure 41: South Korea: Lighting as a Service Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 42: Australia: Lighting as a Service Market: Sales Value (in Million US$), 2018 & 2023
Figure 43: Australia: Lighting as a Service Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 44: Indonesia: Lighting as a Service Market: Sales Value (in Million US$), 2018 & 2023
Figure 45: Indonesia: Lighting as a Service Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 46: Others: Lighting as a Service Market: Sales Value (in Million US$), 2018 & 2023
Figure 47: Others: Lighting as a Service Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 48: Europe: Lighting as a Service Market: Sales Value (in Million US$), 2018 & 2023
Figure 49: Europe: Lighting as a Service Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 50: Germany: Lighting as a Service Market: Sales Value (in Million US$), 2018 & 2023
Figure 51: Germany: Lighting as a Service Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 52: France: Lighting as a Service Market: Sales Value (in Million US$), 2018 & 2023
Figure 53: France: Lighting as a Service Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 54: United Kingdom: Lighting as a Service Market: Sales Value (in Million US$), 2018 & 2023
Figure 55: United Kingdom: Lighting as a Service Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 56: Italy: Lighting as a Service Market: Sales Value (in Million US$), 2018 & 2023
Figure 57: Italy: Lighting as a Service Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 58: Spain: Lighting as a Service Market: Sales Value (in Million US$), 2018 & 2023
Figure 59: Spain: Lighting as a Service Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 60: Russia: Lighting as a Service Market: Sales Value (in Million US$), 2018 & 2023
Figure 61: Russia: Lighting as a Service Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 62: Others: Lighting as a Service Market: Sales Value (in Million US$), 2018 & 2023
Figure 63: Others: Lighting as a Service Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 64: Latin America: Lighting as a Service Market: Sales Value (in Million US$), 2018 & 2023
Figure 65: Latin America: Lighting as a Service Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 66: Brazil: Lighting as a Service Market: Sales Value (in Million US$), 2018 & 2023
Figure 67: Brazil: Lighting as a Service Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 68: Mexico: Lighting as a Service Market: Sales Value (in Million US$), 2018 & 2023
Figure 69: Mexico: Lighting as a Service Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 70: Others: Lighting as a Service Market: Sales Value (in Million US$), 2018 & 2023
Figure 71: Others: Lighting as a Service Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 72: Middle East and Africa: Lighting as a Service Market: Sales Value (in Million US$), 2018 & 2023
Figure 73: Middle East and Africa: Lighting as a Service Market: Breakup by Country (in %), 2023
Figure 74: Middle East and Africa: Lighting as a Service Market Forecast: Sales Value (in Million US$), 2024-2032
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, 2023 and 2032
Table 2: Global: Lighting as a Service Market Forecast: Breakup by Component (in Million US$), 2024-2032
Table 3: Global: Lighting as a Service Market Forecast: Breakup by Installation (in Million US$), 2024-2032
Table 4: Global: Lighting as a Service Market Forecast: Breakup by End User (in Million US$), 2024-2032
Table 5: Global: Lighting as a Service Market Forecast: Breakup by Region (in Million US$), 2024-2032
Table 6: Global: Lighting as a Service Market: Competitive Structure
Table 7: Global: Lighting as a Service Market: Key Players

Companies Mentioned

  • Acuity Brands Lighting Inc.
  • Electricity Supply Board (ESB) Group
  • Enlighted Inc.
  • Every Watt Matters
  • LumenServe Inc.
  • RCG LightHouse
  • Signify N.V.
  • Stouch Lighting
  • UrbanVolt.

Methodology

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Table Information