MRRS adds "Lighting as a Service Market by End-User, Installation , Component and Region – Global Forecast to 2021" latest studies,published in December 2016. It is a professional and in-depth study.

The lighting as a service market is projected to reach USD 638.7 million by 2021, growing at a CAGR of 46.3% from 2016 to 2021. Lighting as a service (LaaS) is an enhanced form of lighting that is enabling the move from traditional lighting to smart lighting using sensors and Internet of Thing (IoT) technology to reduce energy cost and increase energy efficiency without any investment from the end-user. Increasing demand for energy efficient lighting and government policies and regulations for adoption of energy efficient lighting systems are expected to drive the lighting as a service market. Lack of awareness about the true value propositions of the lighting as service model is acting as a restraint for the growth of the lighting as a service market.
“Municipal end user segment is expected to grow at a highest CAGR”
The Municipal segment is expected to witness fastest demand during the forecast period. The municipal end users include lighting offered by local governments for streets, open public spaces, walkways, bridges, public parking areas, and highways. Plans to develop smart city infrastructure is driving municipalities to adopt advanced, intelligent lighting systems.

Figure And Tables

TABLE 1 LIGHTING AS A SERVICE MARKET SIZE, BY END-USER, 2014–2021 (USD MILLION) 43
TABLE 2 COMMERCIAL: LIGHTING AS A SERVICE MARKET SIZE, BY REGION, 
2014–2021 (USD MILLION) 44
TABLE 3 MUNICIPAL: LIGHTING AS A SERVICE MARKET SIZE, BY REGION, 
2014–2021 (USD MILLION) 45
TABLE 4 INDUSTRIAL: LIGHTING AS A SERVICE MARKET SIZE, BY REGION, 
2014–2021 (USD MILLION) 45
TABLE 5 NORTH AMERICA: LIGHTING AS A SERVICE MARKET SIZE, BY END-USER, 
2014–2021 (USD MILLION) 46
TABLE 6 EUROPE: LIGHTING AS A SERVICE MARKET SIZE, BY END-USER, 
2014–2021 (USD MILLION) 46
 ...

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