Lighting as a Service Market is set to see healthy CAGR during 2019 to 2025 - PowerPoint PPT Presentation

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Lighting as a Service Market is set to see healthy CAGR during 2019 to 2025

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Request for TOC report @ Europe is the fastest-growing region in the Lighting as a Service market due to the widespread adoption of the LaaS model by the UK and German enterprises. The European Union draft on Circular Economy Package, providing benefits to enterprises that use recyclable energy solutions, has made LaaS a viable energy-saving option for many European firms. Asia Pacific has also seen steady growth as Indian and Chinese governments are endorsing smart lighting solutions on a wide scale. The UJAALA scheme by the Indian government distributed 350 million LED bulbs as of June 15, 2019, paving a way for the adoption of Lighting as a Service services in this region. – PowerPoint PPT presentation

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Title: Lighting as a Service Market is set to see healthy CAGR during 2019 to 2025


1
Lighting as a Service Market is set to see
healthy CAGR during 2019 to 2025 Global Market
Insights, Inc.
Fuel Cell Market size worth 25.5bn by 2024
2
Regional Analysis of Lighting as a Service
Market
  • North America is the leading region in the
    Lighting as a Service market. The rapid
    development of smart cities in the U.S. has
    surged the need for energy-efficient lighting
    systems. Nearly 40 of a citys energy budget in
    the U.S. is consumed by street lighting and
    LaaS-based efficient lighting can save up to 50
    of these costs, making it an attractive option
    for several U.S. Municipal corporations. The
    growing demand for energy-saving lighting
    solutions by large warehouses and manufacturing
    units in the U.S. has also accelerated the
    adoption of these types of services.
  • Europe is the fastest-growing region in the
    Lighting as a Service market due to the
    widespread adoption of the LaaS model by the UK
    and German enterprises. The European Union draft
    on Circular Economy Package, providing benefits
    to enterprises that use recyclable energy
    solutions, has made LaaS a viable energy-saving
    option for many European firms. Asia Pacific has
    also seen steady growth as Indian and Chinese
    governments are endorsing smart lighting
    solutions on a wide scale. The UJAALA scheme by
    the Indian government distributed 350 million LED
    bulbs as of June 15, 2019, paving a way for the
    adoption of Lighting as a Service services in
    this region

3
Application Analysis of Lighting as a Service
Market
  • The commercial enterprise is the leading segment
    in the Lighting as a Service (LaaS) market. This
    is due to their increased migration to the
    subscription model of LaaS rather than owning and
    maintaining the lighting infrastructure. The
    municipal sector is expected to have the fastest
    growth rate due to the adoption of LaaS by major
    cities and towns that are attracted by its
    energy-saving benefits over traditional lighting
    solutions. The indoor lighting segment has the
    highest market share due to the rapid adoption of
    Lighting as a Service in commercial offices and
    business venues.
  • The Lighting as a Service market is currently in
    its nascent stage and the lack of awareness by
    enterprises has hindered its growth. However, the
    integration of IoT with LaaS is expected to
    create opportunities in the market. With
    IoT-based Lighting as a Service systems,
    employees can personalize lighting and
    temperature at their workspaces using a
    smartphone app, creating a better work
    environment. The IoT-based LaaS will also help
    facility managers track usage patterns of lights,
    reducing them where not required and
    significantly decreasing the buildings carbon
    footprint.

4
Competitive Market Share of Lighting as a
Service Market
Some of the major players operating the Lighting
as a Service market are Digital Lumens, Eaton,
Future Energy Solutions, SIB Lighting, Cree Inc.,
RCG Lighthouse, Lutron Electronics Co., Lunera,
General Electric Company, Osram Licht Ag,
Itelecom, Igor Inc, UltraVolt, and Koninklijke
Philips N.V. With the market still being in its
early stages, LaaS providers are investing in RD
for integrating IoT-based lighting and improving
the efficiency of semiconductor chips in LED
lights. In 2017, Cisco invested in RD
development of NuLED, an American manufacturer of
low-voltage LEDs, for app-based lighting controls
of its server rooms.
5

Browse Full Market Research Report On Lighting
as a Service Market _at_ https//bit.ly/31mgbMg
Request for an in-depth table of contents for
this report _at_ https//bit.ly/33c6jq0
6
Segments
Lighting as a Service (LaaS) Market, By End User,
2014-2025 (USD Million) Commercial Municipal
Industrial Lighting as a Service Market, By
Installation, 2014-2025 (USD Million) Indoor
Outdoor LaaS Market, By Component, 2014-2025
(USD Million) Luminaire and Control
Equipment Software and Communication
System Maintenance and Other Services
7
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