Lighting as a Service Market To Witness A Phenomenal Growth by 2021

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Lighting as a Service Market by End-User,
Installation, Component, and Region - Global
Forecast to 2021
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The lighting as a service market is expected to
grow from an estimated USD 95.3 Million in 2016
to USD 638.68 Million by 2021, growing a CAGR of
46.3 from 2016 to 2021. 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. Don't miss
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North America The leading market for lighting as
a service North America is expected to dominate
the global lighting as a service market, and is
driven by demand from commercial establishments
keen to leverage the cost saving potential of
efficient lighting systems and government policy
support to phase out traditional lighting systems
to reduce energy consumption in the region. It is
closely followed by Europe.  Browse and
in-depth TOC on "Lighting as a Service Market"
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Commercial segment is expected to be the dominant
end-user in the global lighting as a service
market The commercial segment is expected to
dominate the global lighting as a service market
during the forecast period, whereas the municipal
segment is expected to constitute the fastest
growing segment, by end-user. Energy savings and
cost reductions promised by lighting as a service
constitute an attractive offer for commercial end
users in view of the increasing corporate focus
on sustainability and energy efficiency. Req
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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. Request for Free Sample Report _at_
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• Target Audience
• Lighting manufacturers
• Lighting as a Service providers
• Research institutes and organizations
• Lighting control manufacturers
• Lighting industry associations
• Technology standards organizations, alliances,
  and associations
• Government bodies, and private Equity firms
• Institutional investors
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• Key players
• 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.),
• Itelecom (Chile),
• Cree Inc. (U.S.), etc.
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