Global Lighting As A Service Overview
Lighting as a Service Market was valued at US$ 1.4 Billion in 2024 and is projected to grow at a CAGR of 34.80% to reach US$ 27.7 Billion by 2034.
LED lightings are taking the place of traditional incumbent technologies. Due to vast technological advancement lighting as a service is expanding its market across the world. The lighting industry is rapidly changing and adopting modern solutions involved in a modern lighting system to meet customer demand. Lighting as a service market offers services such as maintenance, technical, financial, and other services. These offerings may also involve recycling of equipment, installation of a lighting system, and continue through maintenance and management. Several companies offer combinations of these services to better serve customer and retention for a longer time.
Global Lighting As A Service Dynamics
The efficient lighting is anticipated to augment lighting as a service market growth, owing to the rising demand for energy. Additionally, government regulations and guidelines for implementation of energy-efficient lighting systems are estimated to drive the global market over the forecast period. Furthermore, lighting as a service offers various benefits which include ensuring cost savings, no safeguarding charge, which is forcing countries to use lighting as a service model, no straight costs and reduction in energy consumption may fuel the lighting as a service market growth in the coming future. Companies focus on new business strategies to boost the global market share by implementing new techniques and products, mergers & acquisitions, partnerships & collaborations, which may positively impact the global market over the forecast period. However, lack of responsiveness concerning the true value propositions of the lighting as a service system may limit the lighting as a service market growth to some extent.
Global Lighting As A Service Segmentation
Lighting as a service market is segmented based on component, installation, end-user, and region.
Based on component, the lighting as a service market is segmented into luminaries & control equipment, software’s & communication systems, and maintenance & other services. Based on the installation, the global market is classified into indoor and outdoor. Based on end-user, the target market is classified into commercial, industrial, and municipal.
Regional Insights:
On the region, the lighting as a service market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The market in North America dominates the light as a service market due to stringent government rules to adopt energy-efficient lighting systems. Also, increasing infrastructure development to adopt the latest lighting technologies and high concentration of market players in the region. Europe accounts for the second-highest market share and is projected to grow at a significant CAGR over the forecast period. Changing government policies and rapid development in infrastructure has led to the growing demand for lighting as a service.
Lighting as a Service Market, By Component:
- Luminaries & Control Equipment
- Software’s & Communication Systems
- Maintenance & Other Services
Lighting as a Service Market, By Installation:
- Indoor
- Outdoor
Lighting as a Service Market, By End-user:
- Commercial
- Industrial
- Municipal
Lighting as a Service Market, By Region:
- North America
- Middle East & Africa
- Middle East & Africa Lighting as a Service Market, By Component
- Middle East & Africa Lighting as a Service Market, By Installation
- Middle East & Africa Lighting as a Service Market, By End-user
- Middle East & Africa Lighting as a Service Market, By Country
- GCC
- Israel
- South Africa
- Rest of Middle East & Africa
- Latin America
- Latin America Lighting as a Service Market, By Component
- Latin America Lighting as a Service Market, By Installation
- Latin America Lighting as a Service Market, By End-user
- Latin America Lighting as a Service Market, By Country
- Brazil
- Mexico
- Rest of Latin America
- Asia Pacific
- Asia Pacific Lighting as a Service Market, By Component
- Asia Pacific Lighting as a Service Market, By Installation
- Asia Pacific Lighting as a Service Market, By End-user
- Asia Pacific Lighting as a Service Market, By Country
- China
- India
- Japan
- South Korea
- Rest of Asia Pacific
- Europe
- Europe Lighting as a Service Market, By Component
- Europe Lighting as a Service Market, By Installation
- Europe Lighting as a Service Market, By End-user
- Europe Lighting as a Service Market, By Country
- Germany
- UK
- France
- Russia
- Italy
- Rest of Europe
- North America Lighting as a Service Market, By Component
- North America Lighting as a Service Market, By Installation
- North America Lighting as a Service Market, By End-user
- North America Lighting as a Service Market, By Country
- U.S.
- Canada
- Middle East & Africa
Global Lighting As A Service Key Players
The key players operating the lighting as a service market includes Koninklijke Philips N.V, RCG Lighthouse, Future Energy Solutions, Lutron Electronics Company, Inc., Cree, Inc., Itelecom USA, SIB Lighting, Lunera Lighting, Digital Lumens, Inc., and Legrand S.A. Prominent players operating in the target market are focusing on the strategic partnerships as well as launching of the products to gain competitive edge in the target market.
Global Lighting As A Service Company Profile
- Koninklijke Philips N.V
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- RCG Lighthouse
- Future Energy Solutions
- Lutron Electronics Company, Inc.
- Cree, Inc.
- Itelecom USA
- SIB Lighting
- Lunera Lighting
- Digital Lumens, Inc.
- Legrand S.A.
“*” marked represents similar segmentation in other categories in the respective section
Global Lighting As A Service Table of Contents
- Research Objective and Assumption
- Preface
- Research Objectives
- Study Scope
- Years Considered for the study
- Assumptions
- Abbreviations
- Research Methodology
- Research data
- Primary Data
- Primary Interviews
- Primary Breakdown
- Key data from Primary Sources
- Key Thickness Insights
- Secondary Data
- Major Secondary Sources
- Secondary Sources
- Market Estimation
- Top-Down Approach
- Approach for estimating Market Share by Top-Down Analysis (Supply Side)
- Bottom-Up Approach
- Approach for estimating market share by Bottom-up Analysis (Demand Side)
- Market Breakdown and Data Triangulation
- Research Assumptions
- Market Preview
- Executive Summary
- Key Findings—Global Outlook for Lighting as a Service Strategies
- Key Questions this Study will Answer
- Market Snippet, By Components
- Market Snippet, By Installation
- Market Snippet, By End-user
- Market Snippet, By Region
- Opportunity Map Analysis
- Executive Summary—3 Big Predictions
- Market Dynamics, Regulations, and Trends Analysis
- Market Dynamics
- Drivers
- Restraints
- Market Opportunities
- Market Trends
- DR Impact Analysis
- PEST Analysis
- Porter’s Five Forces Analysis
- Opportunity Orbit
- Market Investment Feasibility Index
- Macroeconomic Factor Analysis
- Market Dynamics
- Market Segmentation, By Components, 2024 – 2034, (US$ Bn)
- Overview
- Market Value and Forecast (US$ Bn), and Share Analysis (%), 2024 – 2034
- Y-o-Y Growth Analysis (%), 2024 – 2034
- Segment Trends
- Luminaries & Control Equipment
- Overview
- Market Lighting as a Service and Forecast (US$ Bn), and Y-o-Y Growth (%), 2024 – 2034
- Software’s & Communication Systems
- Overview
- Market Lighting as a Service and Forecast (US$ Bn), and Y-o-Y Growth (%), 2024 – 2034
- Maintenance & Other Services
- Overview
- Market Lighting as a Service and Forecast (US$ Bn), and Y-o-Y Growth (%), 2024 – 2034
- Overview
- Market Segmentation, By Installation, 2024 – 2034, (US$ Bn)
- Overview
- Market Value and Forecast (US$ Bn), and Share Analysis (%), 2024 – 2034
- Y-o-Y Growth Analysis (%), 2024 – 2034
- Segment Trends
- Indoor
- Overview
- Market Lighting as a Service and Forecast (US$ Bn), and Y-o-Y Growth (%), 2024 – 2034
- Outdoor
- Overview
- Market Lighting as a Service and Forecast (US$ Bn), and Y-o-Y Growth (%), 2024 – 2034
- Overview
- Market Segmentation, By End-user, 2024 – 2034, (US$ Bn)
- Overview
- Market Value and Forecast (US$ Bn), and Share Analysis (%), 2024 – 2034
- Y-o-Y Growth Analysis (%), 2024 – 2034
- Segment Trends
- Commercial
- Overview
- Market Lighting as a Service and Forecast (US$ Bn), and Y-o-Y Growth (%), 2024 – 2034
- Industrial
- Overview
- Market Lighting as a Service and Forecast (US$ Bn), and Y-o-Y Growth (%), 2024 – 2034
- Municipal
- Overview
- Market Lighting as a Service and Forecast (US$ Bn), and Y-o-Y Growth (%), 2024 – 2034
- Overview
- Global Market, By Region, 2024 – 2034, (US$ Bn)
- Overview
- Market Value and Forecast (US$ Bn), and Share Analysis (%), 2024 – 2034
- Y-o-Y Growth Analysis (%), 2024 – 2034
- Regional Trends
- North America
- Market Lighting as a Service and Forecast (US$ Bn), By Components, 2024 – 2034
- Market Lighting as a Service and Forecast (US$ Bn), By Installation, 2024 – 2034
- Market Lighting as a Service and Forecast (US$ Bn), By End-user, 2024 – 2034
- Market Lighting as a Service and Forecast (US$ Bn), By Country, 2024 – 2034
- U.S.
- Canada
- Europe
- Market Lighting as a Service and Forecast (US$ Bn), By Components, 2024 – 2034
- Market Lighting as a Service and Forecast (US$ Bn), By Installation, 2024 – 2034
- Market Lighting as a Service and Forecast (US$ Bn), By End-user, 2024 – 2034
- Market Lighting as a Service and Forecast (US$ Bn), By Country, 2024 – 2034
- Germany
- UK
- France
- Russia
- Italy
- Rest of Europe
- Asia Pacific
- Market Lighting as a Service and Forecast (US$ Bn), By Components, 2024 – 2034
- Market Lighting as a Service and Forecast (US$ Bn), By Installation, 2024 – 2034
- Market Lighting as a Service and Forecast (US$ Bn), By End-user, 2024 – 2034
- Market Lighting as a Service and Forecast (US$ Bn), By Country, 2024 – 2034
- China
- India
- Japan
- South Korea
- Rest of Asia Pacific
- Latin America
- Market Lighting as a Service and Forecast (US$ Bn), By Components, 2024 – 2034
- Market Lighting as a Service and Forecast (US$ Bn), By Installation, 2024 – 2034
- Market Lighting as a Service and Forecast (US$ Bn), By End-user, 2024 – 2034
- Market Lighting as a Service and Forecast (US$ Bn), By Country, 2024 – 2034
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- Market Lighting as a Service and Forecast (US$ Bn), By Components, 2024 – 2034
- Market Lighting as a Service and Forecast (US$ Bn), By Installation, 2024 – 2034
- Market Lighting as a Service and Forecast (US$ Bn), By End-user, 2024 – 2034
- Market Lighting as a Service and Forecast (US$ Bn), By Country, 2024 – 2034
- GCC
- Israel
- South Africa
- Rest of Middle East
- Overview
- Competitive Landscape
- Heat Map Analysis
- Market Presence and Specificity Analysis
- Company Profiles
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- Koninklijke Philips N.V
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Overview
- Business Strategies
- RCG Lighthouse
- Future Energy Solutions
- Lutron Electronics Company, Inc.
- Cree, Inc.
- Itelecom USA
- SIB Lighting
- Lunera Lighting
- Digital Lumens, Inc.
- Legrand S.A.
- Koninklijke Philips N.V
-
- The Last Word
- Future Impact
- About Us
- Contact
FAQs
Lighting as a service market is segmented based on component, installation, end-user, and region.
The efficient lighting is anticipated to augment global lighting as a service market growth, owing to the rising demand for energy. Additionally, government regulations and guidelines for implementation of energy-efficient lighting systems are estimated to drive the global market over the forecast period. Furthermore, lighting as a service offers various benefits which include ensuring cost savings, no safeguarding charge, which is forcing countries to use lighting as a service model, no straight costs and reduction in energy consumption may fuel the global lighting as a service market growth in the coming future.
On the region, the global lighting as a service market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The market in North America dominates the light as a service market due to stringent government rules to adopt energy-efficient lighting systems. Also, increasing infrastructure development to adopt the latest lighting technologies and high concentration of market players in the region. Europe accounts for the second-highest market share and is projected to grow at a significant CAGR over the forecast period. Changing government policies and rapid development in infrastructure has led to the growing demand for lighting as a service.
The key players operating the global lighting as a service market includes Koninklijke Philips N.V, RCG Lighthouse, Future Energy Solutions, Lutron Electronics Company, Inc., Cree, Inc., Itelecom USA, SIB Lighting, Lunera Lighting, Digital Lumens, Inc., and Legrand S.A.