The Global Lighting as Service (LaaS) Market is predicted to attain a valuation of USD 6.28 billion by the end of 2027, expanding at a CAGR of 46.1% throughout the projected timeframe, according to the recent analysis by Emergen Research.
The researchers behind the study in strategic growth consulting enables product owners identifies important definition, product classification, and application. Coverage of critical data on investment feasibility, return on investment, demand and supply, import and export, consumption volume and production
The market predominantly is driven by the augmenting need for cost-efficient and environmentally sustainable lighting solutions. The increasing integration of IoT with lighting systems aims for lower consumption of power across various industrial verticals. However, the service’s subscription program typically offers better overall cost compared to self-installation systems, which is anticipated to restrain the market growth.
Read In Depth: https://www.emergenresearch.com/industry-report/lighting-as-a-service-market
Major players of the market include General Electric, Future Energy Solutions, UrbanVolt, Igor Inc., Valoya Oy, SIB Lighting, and Lunera Lighting, among others.
For the purpose of this report, Emergen Research has segmented into the Global Lighting as a Service Market on the basis of component, installation, application, and region:
Component Outlook (Revenue, USD Billion; 2017-2027)
- Service
- Software
- Luminaries and Controls
Application Outlook (Revenue, USD Billion; 2017-2027)
- Industrial
- Commercial
- Others
Installation Outlook (Revenue, USD Billion; 2017-2027)
- Outdoor
- Indoor
The research provides answers to the following key questions:
What will be the growth rate and the market size of the Lighting as Service (LaaS) industry for the forecast period 2020-2027?
What are the major driving forces expected to impact the development of the Lighting as Service (LaaS) market across different regions?
Who are the major driving forces expected to decide the fate of the industry worldwide?
Who are the prominent market players making a mark in the Lighting as Service (LaaS) market with their winning strategies?
Which industry trends are likely to shape the future of the industry during the forecast period 2020-2027?
What are the key barriers and threats believed to hinder the development of the industry?
What are the future opportunities in the Lighting as Service (LaaS) market?
