Lighting as a Service Market Revenue, Opportunity, Forecast and Value Chain 2021


Posted April 18, 2018 by shravand123

Lighting as a Service Market categorizes global market by End-User (Commercial, Municipal, and Industrial), Installation (Indoor, and Outdoor), Component (Luminaires, Software & Communication Systems, and Maintenance Services), and Region

 
The global lighting as a service market was valued at USD 66.2 Million in 2015, and is expected to grow at a CAGR of 46.3% from 2016 to 2021. Financial benefits such as instant return on investment without any upfront capital cost and government policies and regulations for adoption of energy efficient lighting systems are major factors driving the lighting as a service market.

Browse 70 market data Tables and 50 Figures spread through 146 Pages and in-depth TOC on "Lighting as a Service Market” @ https://www.marketsandmarkets.com/Market-Reports/lighting-as-a-service-market-117526361.html

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The global market is witnessing significant growth on account of the increase in demand for energy efficient lighting systems, and government policies supporting adoption of energy efficient lighting systems over traditional lighting. Increasing convergence of Internet of Things (IoT) with lighting is also expected to drive the demand for the lighting as a service market across the globe.

The indoor segment is expected to hold the largest share in the lighting as a service market, by installation, during the forecast period

The indoor segment led the overall lighting as a service market in 2015, owing to the increasing electricity demand from the commercial sector. However, the outdoor segment is expected to register the higher growth rate during the forecast period. Increasing convergence of IoT for street lighting design and efficient utilization is the main driver behind the growth of the outdoor installation segment in the lighting as a service market. Outdoor installation covers street lighting, park and recreational areas, and parking garages, among others.

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Market Ecosystem:

The life cycle of the global lighting as a service market starts with energy auditing. In an energy audit the existing lighting, electricity consumption, existing intensity and needs of the customer are assessed and an efficient lighting system is provided. After auditing, lighting components such as LED chips, circuit boards, casings, and others are selected and installed according to the customer’s need. The last step is lighting maintenance, in which a customer’s lighting consumption is analyzed and off- site & on-site maintenance is provided.

To enable an in-depth understanding of the competitive landscape, the report includes profiles of some of the leading players in the lighting as a service market. These players include Koninklijke Philips N.V (Netherlands), General Electric Lighting (U.S.), Zumtobel Group AG (Austria), SIB Lighting (U.S.), Lunera Lighting (U.S.), Igor Inc. (U.S.) and Cree Inc. (U.S.). Leading players are trying to penetrate developing economies and are adopting various strategies to increase their market share.

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Issued By marketsandmarkets
Country United States
Categories Industry , Marketing , Technology
Tags indoor lighting , landscape lighting , lighting , lighting as a service , lighting as aservice market , low voltage , low voltage lighting , outdoor lighting
Last Updated April 18, 2018