Global Lighting as a Service (LaaS) Market Analysis, 2020

By Installation (Indoor, Outdoor), By End-User (Commercial, Industrial, Municipal), By Components (Luminaire & Control Equipment, Software & Communication Systems, Maintenance & Ot...her Services), By Region (North America, Europe, Asia-Pacific, Middle East and Africa, South America), By Countries (U.S, Canada, Mexico, Brazil, Argentina, Colombia, UK, France, Germany, Spain, Italy, UAE, Saudi Arabia, South Africa, China, Japan, India, Australia, Singapore, Malaysia, South Korea, Others), By Company Read more

ICT & Electronics
Apr 2020
Pages 209
Report Format: PDF, Excel, PPT

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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, market forecast, CAGR market segmentation, market share of various components, end users, installation type, etc.

According to MarkNtel Advisors’ market research report titled “Global Lighting as a Service Market Analysis, 2020”, the market size of Lighting as a Service market across the globe is forecast to grow at the CAGR of around 45% during 2020-25. The key factors contributing to the market growth of the Global Lighting as a Service market are the emerging need for energy-efficient, growing demand for connected and low-cost lighting systems along with the development of smart cities. Moreover, owing to the extensive government regulations for optimum energy efficiency, the manufacturers are offering various low energy consumable energy solutions, 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 steadily.

Market Outlook

Asia-Pacific to Register the Highest CAGR in Forthcoming Years

In 2019, North America acquired 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 regulations for changing old lighting systems with energy-efficient ones are key factors contributing to the growth of the Lighting as a Service market in North America.

Report Coverage	Details
Study Period	Historical Data: 2015-19
	Base Year: 2019
	Forecast Period: 2020-25
Regions Covered	North America
	Europe
	Asia-Pacific
	South America
	Middle East & Africa
Unit Denominations	USD Million/Billion

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 solutions in the commercial sector and the manufacturing sector in the region is a contributing factor for the growth of the increasing market share of the APAC region in the Global Lighting as a Service market.

Outdoor Segment to see Robust Growth During 2020-25

In 2019, the indoor segment captured the major market share in the Global Lighting as a Service market. The key contributing factor for the growth in the market share is the deployment of smart lighting solutions in residential 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.

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, the rising government 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 acquired the major market share on an 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 stated in the MarkNtel Advisors’ research report “Global Lighting as a Service Market Analysis, 2020”.

According to MarkNtel Advisors, 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.

Key Questions Answered in the Market Research Report

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 Industry?
What are the region-wise industry size, growth drivers and challenges, and key market trends?
What are the key innovations, technology upgrades, opportunities, regulations, growth drivers and challenges Global Lighting as a Service market?
Who are the key competitors or market players and how they perform in Global Lighting as a Service Industry benchmarking matrix?
What are the key results derived from the market surveys conducted during the course of Global Lighting as a Service market study?

Frequently Asked Questions

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

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

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

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.

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

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.

Introduction
1. Market Segmentation
2. Product Definition
3. Research Process
4. Assumptions
Executive Summary
Global Lighting as a Service Market Overview
Expert Verbatim- What our Experts Say?
Global Lighting as a Service Market Analysis, 2015-2025F
1. Market Size & Analysis
  1. Revenues
2. Market Share & Analysis
  1. By Installation
    1. Indoor
    2. Outdoor
  2. By End-User
    1. Commercial
    2. Municipal
    3. Industrial
  3. By Components
    1. Luminaire & Control Equipment
    2. Software & Communication Systems
    3. Maintenance & Other Services
  4. By Region
    1. North America
    2. South America
    3. Asia-Pacific
    4. Europe
    5. Middle East & Africa
  5. By Company
    1. Market Shares, By Revenue
    2. Strategic Factorial Indexing
    3. Competitor Placement in MarkNtel Quadrant
3. Market Attractiveness Index
  1. By Installation
  2. By End-User
  3. By End-Users
  4. By Components
  5. By Region
North America Lighting as a Service Market Analysis, 2015-2025F
1. Market Size & Analysis
  1. Revenues
2. Market Share & Analysis
  1. By Installation
  2. By End-User
  3. By Components
  4. By Country
    1. The US
    2. Canada
    3. Mexico
3. Market Attractiveness Index
  1. By Installation
  2. By End-User
  3. By Components
  4. By Country
4. The U.S Lighting as a Service Market Analysis, 2015-2025F
  1. Market Size & Analysis
    1. Revenues
  2. Market Share & Analysis
  3. By Installation
  4. By End-User
  5. By Components
5. Canada Lighting as a Service Market Analysis, 2015-2025F
  1. Market Size & Analysis
    1. Revenues
  2. Market Share & Analysis
  3. By Installation
  4. By End-User
  5. By Components
6. Mexico Lighting as a Service Market Analysis, 2015-2025F
  1. Market Size & Analysis
    1. Revenues
  2. Market Share & Analysis
  3. By Installation
  4. By End-User
  5. By Components
South America Lighting as a Service Market Analysis, 2015-2025F
1. Market Size & Analysis
  1. Revenues
2. Market Share & Analysis
  1. By Installation
  2. By End-User
  3. By Components
  4. By Country
    1. Brazil
    2. Argentina
    3. Colombia
    4. Others
3. Market Attractiveness Index
  1. By Installation
  2. By End-User
  3. By Components
  4. By Country
4. Brazil Lighting as a Service Market Analysis, 2015-2025F
  1. Market Size & Analysis
    1. Revenues
  2. Market Share & Analysis
    1. By Installation
    2. By End-User
    3. By Components
5. Argentina Lighting as a Service Market Analysis, 2015-2025F
  1. Market Size & Analysis
    1. Revenues
  2. Market Share & Analysis
    1. By Installation
    2. By End-User
    3. By Components
6. Colombia Lighting as a Service Market Analysis, 2015-2025F
  1. Market Size & Analysis
    1. Revenues
  2. Market Share & Analysis
    1. By Installation
    2. By End-User
    3. By Components
Asia- Pacific Lighting as a Service Market Analysis, 2015-2025F
1. Market Size & Analysis
  1. Revenues
2. Market Share & Analysis
  1. By Installation
  2. By End-User
  3. By Components
  4. By Country
    1. China
    2. India
    3. Japan
    4. South Korea
    5. Australia
    6. Others
3. Market Attractiveness Index
  1. By Installation
  2. By End-User
  3. By Components
  4. By Country
4. China Lighting as a Service Market Analysis, 2015-2025F
  1. Market Size & Analysis
    1. Revenues
  2. Market Share & Analysis
    1. By Installation
    2. By End-User
    3. By Components
5. India Lighting as a Service Market Analysis, 2015-2025F
  1. Market Size & Analysis
    1. Revenues
  2. Market Share & Analysis
    1. By Installation
    2. By End-User
    3. By Components
6. Japan Lighting as a Service Market Analysis, 2015-2025F
  1. Market Size & Analysis
    1. Revenues
  2. Market Share & Analysis
    1. By Installation
    2. By End-User
    3. By Components
7. South Korea Lighting as a Service Market Analysis, 2015-2025F
  1. Market Size & Analysis
    1. Revenues
  2. Market Share & Analysis
    1. By Installation
    2. By End-User
    3. By Components
8. Singapore Lighting as a Service Market Analysis, 2015-2025F
  1. Market Size & Analysis
    1. Revenues
  2. Market Share & Analysis
    1. By Installation
    2. By End-User
    3. By Components
9. Malaysia Lighting as a Service Market Analysis, 2015-2025F
  1. Market Size & Analysis
    1. Revenues
  2. Market Share & Analysis
    1. By Installation
    2. By End-User
    3. By Components
10. Australia Lighting as a Service Market Analysis, 2015-2025F
  1. Market Size & Analysis
    1. Revenues
  2. Market Share & Analysis
    1. By Installation
    2. By End-User
    3. By Components
Europe Lighting as a Service Market Analysis, 2015-2025F
1. Market Size & Analysis
  1. Revenues
2. Market Share & Analysis
  1. By Installation
  2. By End-User
  3. By Components
  4. By Country
    1. Germany
    2. The UK
    3. France
    4. Spain
    5. Italy
    6. Others
3. Germany Lighting as a Service Market Analysis, 2015-2025F
  1. Market Size & Analysis
    1. Revenues
  2. Market Share & Analysis
    1. By Installation
    2. By End-User
    3. By Components
4. The U.K. Lighting as a Service Market Analysis, 2015-2025F
  1. Market Size & Analysis
    1. Revenues
  2. Market Share & Analysis
    1. By Installation
    2. By End-User
    3. By Components
5. France Lighting as a Service Market Analysis, 2015-2025F
  1. Market Size & Analysis
    1. Revenues
  2. Market Share & Analysis
    1. By Installation
    2. By End-User
    3. By Components
6. Spain Lighting as a Service Market Analysis, 2015-2025F
  1. Market Size & Analysis
    1. Revenues
  2. Market Share & Analysis
    1. By Installation
    2. By End-User
    3. By Components
7. Italy Lighting as a Service Market Analysis, 2015-2025F
  1. Market Size & Analysis
    1. Revenues
  2. Market Share & Analysis
    1. By Installation
    2. By End-User
    3. By Components
Middle East & Africa Lighting as a Service Market Analysis, 2015-2025F
1. Market Size & Analysis
  1. Revenues
2. Market Share & Analysis
  1. By Installation
  2. By End-User
  3. By Components
  4. By Country
    1. UAE
    2. Saudi Arabia
    3. South Africa
    4. Others
3. The UAE Lighting as a Service Market Analysis, 2015-2025F
  1. Market Size & Analysis
    1. Revenues
  2. Market Share & Analysis
    1. By Installation
    2. By End-User
    3. By Components
4. Saudi Arabia Lighting as a Service Market Analysis, 2015-2025F
  1. Market Size & Analysis
    1. Revenues
  2. Market Share & Analysis
    1. By Installation
    2. By End-User
    3. By Components
5. South Africa Lighting as a Service Market Analysis, 2015-2025F
  1. Market Size & Analysis
    1. Revenues
  2. Market Share & Analysis
    1. By Installation
    2. By End-User
    3. By Components
Global Lighting as a Service Market Policies, Regulations, Product Standards
Key Strategies Adopted by Lighting as a Service Suppliers
Global Lighting as a Service Market Trends & Insights
Global Lighting as a Service Market Dynamics
1. Growth Drivers
2. Challenges
3. Impact Analysis
Global Lighting as a Service Market Hotspot & Opportunities
Global Lighting as a Service Market Key Strategic Imperatives for Success & Growth
Competition Outlook
1. Competition Matrix
  1. Product Portfolio
  2. Target Markets
  3. Target End Users
  4. Research & Development
  5. Strategic Alliances
  6. Strategic Initiatives
2. Company Profiles of top companies (Business Description, Product Segments, Business Segments, Financials, Strategic Alliances/ Partnerships, Future Plans)
  1. General Electric Lighting
  2. Koninklijke Philips N.V
  3. Zumtobel Group AG
  4. SIB Lighting
  5. Lunera Lighting
  6. IGOR Inc.
  7. Cree, Inc.
  8. RCG Lighthouse
  9. Itelecom USA
  10. Future Energy Solutions.
Disclaimer

MarkNtel Advisors follows a robust and iterative research methodology designed to ensure maximum accuracy and minimize deviation in market estimates and forecasts. Our approach combines both bottom-up and top-down techniques to effectively segment and quantify various aspects of the market. A consistent feature across all our research reports is data triangulation, which examines the market from three distinct perspectives to validate findings. Key components of our research process include:

1. Scope & Research Design At the outset, MarkNtel Advisors define the research objectives and formulate pertinent questions. This phase involves determining the type of research—qualitative or quantitative—and designing a methodology that outlines data collection methods, target demographics, and analytical tools. They also establish timelines and budgets to ensure the research aligns with client goals.

2. Sample Selection and Data Collection In this stage, the firm identifies the target audience and determines the appropriate sample size to ensure representativeness. They employ various sampling methods, such as random or stratified sampling, based on the research objectives. Data collection is carried out using tools like surveys, interviews, and observations, ensuring the gathered data is reliable and relevant.

3. Data Analysis and Validation Once data is collected, MarkNtel Advisors undertake a rigorous analysis process. This includes cleaning the data to remove inconsistencies, employing statistical software for quantitative analysis, and thematic analysis for qualitative data. Validation steps are taken to ensure the accuracy and reliability of the findings, minimizing biases and errors.

4. Data Forecast and FinalizationThe final phase involves forecasting future market trends based on the analyzed data. MarkNtel Advisors utilize predictive modeling and time series analysis to anticipate market behaviors. The insights are then compiled into comprehensive reports, featuring visual aids like charts and graphs, and include strategic recommendations to inform client decision-making

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