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Lighting as a Service Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

Market Overview:

The global lighting as a service market size reached US$ 408.8 Million in 2021. Looking forward, IMARC Group expects the market to reach US$ 4,529.44 Million by 2027, exhibiting a growth rate (CAGR) of 45.70% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use sectors. These insights are included in the report as a major market contributor.

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:

IMARC Group 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 2022-2027. 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.

Report Coverage:

Report Features Details
Base Year of the Analysis 2021
    Historical Period 2016-2021
Forecast Period 2022-2027
Units US$ Million
Segment Coverage Component, Installation, End User, Region
Region Covered  Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered 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.
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 2499
Five User License: US$ 3499
Corporate License: US$ 4499
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

 

Key Questions Answered in This Report:

  • How has the global lighting as a service market performed so far and how will it perform in the coming years?
  • What has been the impact of COVID-19 on the global lighting as a service market?
  • What are the key regional markets?
  • What is the breakup of the market based on the component?
  • What is the breakup of the market based on the installation?
  • What is the breakup of the market based on the end user?
  • What are the various stages in the value chain of the industry?
  • What are the key driving factors and challenges in the industry?
  • What is the structure of the global lighting as a service market and who are the key players?
  • What is the degree of competition in the industry?

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$), 2016-2021
Figure 3: Global: Lighting as a Service Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 4: Global: Lighting as a Service Market: Breakup by Component (in %), 2021
Figure 5: Global: Lighting as a Service Market: Breakup by Installation (in %), 2021
Figure 6: Global: Lighting as a Service Market: Breakup by End User (in %), 2021
Figure 7: Global: Lighting as a Service Market: Breakup by Region (in %), 2021
Figure 8: Global: Lighting as a Service (Luminaries and Control Equipment) Market: Sales Value (in Million US$), 2016 & 2021
Figure 9: Global: Lighting as a Service (Luminaries and Control Equipment) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 10: Global: Lighting as a Service (Software and Communication Systems) Market: Sales Value (in Million US$), 2016 & 2021
Figure 11: Global: Lighting as a Service (Software and Communication Systems) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 12: Global: Lighting as a Service (Maintenance Services) Market: Sales Value (in Million US$), 2016 & 2021
Figure 13: Global: Lighting as a Service (Maintenance Services) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 14: Global: Lighting as a Service (Indoor) Market: Sales Value (in Million US$), 2016 & 2021
Figure 15: Global: Lighting as a Service (Indoor) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 16: Global: Lighting as a Service (Outdoor) Market: Sales Value (in Million US$), 2016 & 2021
Figure 17: Global: Lighting as a Service (Outdoor) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 18: Global: Lighting as a Service (Commercial) Market: Sales Value (in Million US$), 2016 & 2021
Figure 19: Global: Lighting as a Service (Commercial) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 20: Global: Lighting as a Service (Industrial) Market: Sales Value (in Million US$), 2016 & 2021
Figure 21: Global: Lighting as a Service (Industrial) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 22: Global: Lighting as a Service (Municipal) Market: Sales Value (in Million US$), 2016 & 2021
Figure 23: Global: Lighting as a Service (Municipal) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 24: Global: Lighting as a Service (Other End Users) Market: Sales Value (in Million US$), 2016 & 2021
Figure 25: Global: Lighting as a Service (Other End Users) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 26: North America: Lighting as a Service Market: Sales Value (in Million US$), 2016 & 2021
Figure 27: North America: Lighting as a Service Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 28: United States: Lighting as a Service Market: Sales Value (in Million US$), 2016 & 2021
Figure 29: United States: Lighting as a Service Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 30: Canada: Lighting as a Service Market: Sales Value (in Million US$), 2016 & 2021
Figure 31: Canada: Lighting as a Service Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 32: Asia-Pacific: Lighting as a Service Market: Sales Value (in Million US$), 2016 & 2021
Figure 33: Asia-Pacific: Lighting as a Service Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 34: China: Lighting as a Service Market: Sales Value (in Million US$), 2016 & 2021
Figure 35: China: Lighting as a Service Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 36: Japan: Lighting as a Service Market: Sales Value (in Million US$), 2016 & 2021
Figure 37: Japan: Lighting as a Service Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 38: India: Lighting as a Service Market: Sales Value (in Million US$), 2016 & 2021
Figure 39: India: Lighting as a Service Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 40: South Korea: Lighting as a Service Market: Sales Value (in Million US$), 2016 & 2021
Figure 41: South Korea: Lighting as a Service Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 42: Australia: Lighting as a Service Market: Sales Value (in Million US$), 2016 & 2021
Figure 43: Australia: Lighting as a Service Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 44: Indonesia: Lighting as a Service Market: Sales Value (in Million US$), 2016 & 2021
Figure 45: Indonesia: Lighting as a Service Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 46: Others: Lighting as a Service Market: Sales Value (in Million US$), 2016 & 2021
Figure 47: Others: Lighting as a Service Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 48: Europe: Lighting as a Service Market: Sales Value (in Million US$), 2016 & 2021
Figure 49: Europe: Lighting as a Service Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 50: Germany: Lighting as a Service Market: Sales Value (in Million US$), 2016 & 2021
Figure 51: Germany: Lighting as a Service Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 52: France: Lighting as a Service Market: Sales Value (in Million US$), 2016 & 2021
Figure 53: France: Lighting as a Service Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 54: United Kingdom: Lighting as a Service Market: Sales Value (in Million US$), 2016 & 2021
Figure 55: United Kingdom: Lighting as a Service Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 56: Italy: Lighting as a Service Market: Sales Value (in Million US$), 2016 & 2021
Figure 57: Italy: Lighting as a Service Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 58: Spain: Lighting as a Service Market: Sales Value (in Million US$), 2016 & 2021
Figure 59: Spain: Lighting as a Service Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 60: Russia: Lighting as a Service Market: Sales Value (in Million US$), 2016 & 2021
Figure 61: Russia: Lighting as a Service Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 62: Others: Lighting as a Service Market: Sales Value (in Million US$), 2016 & 2021
Figure 63: Others: Lighting as a Service Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 64: Latin America: Lighting as a Service Market: Sales Value (in Million US$), 2016 & 2021
Figure 65: Latin America: Lighting as a Service Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 66: Brazil: Lighting as a Service Market: Sales Value (in Million US$), 2016 & 2021
Figure 67: Brazil: Lighting as a Service Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 68: Mexico: Lighting as a Service Market: Sales Value (in Million US$), 2016 & 2021
Figure 69: Mexico: Lighting as a Service Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 70: Others: Lighting as a Service Market: Sales Value (in Million US$), 2016 & 2021
Figure 71: Others: Lighting as a Service Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 72: Middle East and Africa: Lighting as a Service Market: Sales Value (in Million US$), 2016 & 2021
Figure 73: Middle East and Africa: Lighting as a Service Market: Breakup by Country (in %), 2021
Figure 74: Middle East and Africa: Lighting as a Service Market Forecast: Sales Value (in Million US$), 2022-2027
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, 2021 and 2027
Table 2: Global: Lighting as a Service Market Forecast: Breakup by Component (in Million US$), 2022-2027
Table 3: Global: Lighting as a Service Market Forecast: Breakup by Installation (in Million US$), 2022-2027
Table 4: Global: Lighting as a Service Market Forecast: Breakup by End User (in Million US$), 2022-2027
Table 5: Global: Lighting as a Service Market Forecast: Breakup by Region (in Million US$), 2022-2027
Table 6: Global: Lighting as a Service Market: Competitive Structure
Table 7: Global: Lighting as a Service Market: Key Players


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