Lighting as a Service Market Size and Growth Factors Research and Projection to 2021

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Lighting as a Service Market categorizes global
market by End-User , Installation , Component,
and Region
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Lighting as a Service Market by End-User
(Commercial, Municipal, and Industrial),
Installation (Indoor, and Outdoor), Component
(Luminaires, Software Communication Systems,
and Maintenance Services), and Region - Global
Forecast to 2021 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, registering 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. PDF Brochure
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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 Customization
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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. Reque
st Sample _at_ https//www.marketsandmarkets.com/requ
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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. 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.). Speak to analyst _at_ https//www.marketsa
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