DUBLIN--(BUSINESS WIRE)--The "Lighting as a Service Market - Forecasts from 2017 to 2022" report has been added to ResearchAndMarkets.com's offering.
The lighting as a service (LaaS) market is projected to witness a CAGR of 48.12% during the forecast period to reach a total market size of US$0.750 billion by 2022, increasing from US$0.090 billion in 2017.
The ability of LaaS to provide a wide variety of solution is driving the growth of the market. The LED lights are penetrating the market deeply with its falling price and its capability of conserving energy.
A significant portion of revenue to the lighting industry is based on the replacement of burned-out lamps, which presents the opportunity for the lighting companies to replace repeat sales of bulbs with recurring revenues from LaaS contracts. LaaS also provides the provision for upgrading existing lighting technology, allowing its customers to keep pace with the rapid changes in the lighting technology. Moreover, government initiatives supporting adoption of energy efficient lighting system and increasing convergence of internet of things with lighting is expected to boost the demand for lighting as a service market.
The lighting as a service market is competitive owing to the presence of well diversified international, regional, and local players. However, some big international players dominate the market share owing to their brand image and market reach. The high market growth and favorable government policies are further attracting more players in the market while enhancing the competitive rivalry. The competitive landscape details strategies, products, and investments being done by key players in different technologies and companies to boost their market presence.
- Acuity Brands Lighting, Inc
- Cree, Inc.
- Koninklijke Philips N.V
- Osram Licht AG
- Lutron Electronics Co., Inc
- SIB Lighting
- Facility Solutions Group
- General Electric Company
- Luminaries and control equipment
- Software and communication system
- Maintenance and other services
- North America
- Middle East and Africa
- Asia Pacific
- South America
Key Topics Covered:
2. Research Methodology
3. Key Findings Of The Study
4. Market Dynamics
5. Global Lighting as a Service Market Forecast By Installation (US$ billion)
6. Global Lighting as a Service Market Forecast By Component (US$ billion)
7. Global Lighting as a Service Market Forecast By End-User (US$ billion)
8. Global Lighting as a Service Market Forecast By Geography (US$ billion)
9. Competitive intelligence
10. Company profiles
For more information about this report visit https://www.researchandmarkets.com/research/g2fr9w/global_lighting?w=4