Lighting as a Service (LaaS) Market Size Sales, Price, Revenue, Gross Margin and Share 2025

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The report Lighting as a Service (LaaS) market begins from an outlook of the business chain structure and explains the industry environment, then analyzed the Lighting as a Service (LaaS) market size and forecast by product, region and Lighting as a Service (LaaS) market segments. In addition, this report gives statistics about the competitive situation among the Lighting as a Service (LaaS) market vendors and company profile, besides this, the report also provides market cost analysis and value chain features. The scope of the report includes in-depth insights of global and regional Lighting as a Service (LaaS) markets with the wisdom given for variation in the growth of the Lighting as a Service (LaaS) industry in certain regions.

The Global Lighting as a Service Market Analysis, 2020 research report depicts a deep dive market analysis of statistics of Global Lighting as a Service market which consists of Region-wise market size, forecast, CAGR market segmentation, market share of various components, End-users, installation type, etc.

In 2019, North America grabbed the major market share. The presence of numerous lighting manufacturers and solution providers in countries such as the U.S and Canada coupled with the government's regulations for changing old lighting systems with the energy-efficient one is contributing to the growth of the lighting as a service market in North America.

Lighting as a Service (LaaS) Market forecasting derived from in-depth understanding attained from future market spending patterns provides enumerated insight to support your decision-making process. Our market forecasting is based on a market model derived from market connectivity, dynamics, and identified persuasive factors around which conventions about the market are made. These conventions are enlightened by fact-bases, put by primary and secondary research instruments, regressive analysis and an extensive connect with industry people.

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According to market research report 'Global Lighting as a Service Market Analysis, 2020', the market size of Lighting as a Service across the globe is forecast to grow at the CAGR of around 45% during 2020-25. The major key factors contributing to the market growth of the Lighting as a Service market across the globe are the emerging need for energy-efficient and low-cost lighting systems. Moreover, owing to the government's regulations for energy efficiency, the manufacturers are offering the low energy consumable energy solution, therefore end-users are replacing or retrofitting their old lighting system with the new energy-efficient ones due to which the market for lighting as a Service is escalating.

Furthermore, the APAC is expected to grow at the highest CAGR during 2020-25 owing to a surge in smart city and smart home projects in countries such as China and India. Also, the growing adoption of IoT based solution in the commercial sectors, the manufacturing sector in the region are some of the key contributing factors for the growth of the increasing market share of the APAC region in the global lighting as a service market.

In 2019, the indoor segment captured the major market share in global lighting as a service. The key contributing factor for the growth in the market share is the deployment of a smart lighting solution in the homes, offices, malls, etc. Furthermore, the IoT integration in a lighting system with other types of equipment such as HVAC, fans, etc is also helping in the growth of the indoor segment.

According to , the availability of numerous local and foreign players in regions makes the global industry highly competitive. The key players with a considerable share in the industry are General Electric Lighting, Koninklijke Philips N.V, Zumtobel Group AG, SIB Lighting, Lunera Lighting, IGOR Inc., Cree, Inc., RCG Lighthouse, Itelecom USA, Future Energy Solutions., The players are launching new products, doing strategic alliance to gain a competitive advantage in the industry. For instance, in 2019, a lighting company 'Signify' announced the acquisition of 'Cooper Lighting Solutions' to strengthen its position in North America.

However, it is expected that the outdoor segment would grow at the highest CAGR in the forecast period owing to the construction of roads and highways across the globe. Also, surging the government's investment for the betterment of parking, public places, etc. would contribute to the growing market size of the outdoor segment in the forecast period. In 2019, the commercial sector grabbed the major market share on account of a surging number of retail malls, shopping complexes, hostels, etc. Also, the deployment of IoT technology in the commercial sector to reduce energy consumption is resulting in the integration of smart lighting solution, due to which the market share of the commercial sector in Global lighting as a service market is on the rise., as revealed by the research report 'Global Lighting as a Service Market Analysis, 2020'.

Key Questions Answered in the Market Research Report
1. What are the key overall market statistics or market estimates (Market Overview, Market Size- By Value, Forecast Numbers, Market Segmentation, Market Shares) of Global Lighting as a Service (LaaS) Market?
2. What are the region wise industry size, growth drivers and challenges key market trends?
3. What are the key innovations, technology upgrades, opportunities, regulations, growth drivers and challenges in the Global Lighting as a Service (LaaS) Market?
4. Who are the key competitors or market players and how they perform in Global Lighting as a Service (LaaS) Market on the basis of competitive benchmarking matrix?
5. What are the key results derived from the market surveys conducted during the course of Global Lighting as a Service (LaaS) Market study?

Frequently Asked Questions

Q. What is the historical year, base year and forecast year considered in the research report on Global Lighting as a Service Market?

A. The historical data has been provided since 2015, while the base year is 2019 and the data is forecast up-to 2025.

Q. What are the units or denomination for measuring market value in the report?

A. The market size/industry size or the market value is measured in terms of USD Million.

Q. What would be the growth rate or CAGR of Global Lighting as a Service Market during 2020-25?

A. Global Lighting as a Service Market is expected to grow at a CAGR 45% during 2020-25.

Q. Which region would grab the highest market share during 2020-25?

A. It is forecast that North America will dominate the market with the majority market share, and market size registering considerably higher CAGR.

Q. Who are the key competitors or players operating Global Lighting as a Service market? A General Electric Lighting, Koninklijke Philips N.V, Zumtobel Group AG, SIB Lighting, Lunera Lighting, IGOR Inc., Cree, Inc., RCG Lighthouse, Itelecom USA, Future Energy Solutions, etc., are the leading players in the Global Lighting as a Service market.

Q. Which End-User would emerge as an opportunity area for players in Global Lighting as a Service Market?

A. The commercial sector segment is expected to attain the highest CAGR during the forecast period and maintain its significant market share.

Q. Which type of installation would emerge as an opportunity area for players in Global Lighting as a Service Market?

A. The indoor segment grabbed a significant market share continue to grow at the highest CAGR, presenting immense opportunities for manufacturers and service providers of Global Lighting as a Service Market.

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