The global Lighting as a Service (LaaS) Market is projected to reach USD 6.28 billion by 2027, according to a recent report by Emergen Research. The primary driver for the market includes the increasing demand for economical lighting systems. The growing convergence of the technology equipped with Internet of Things (IoT) within the lighting system includes a lower consumption of energy across numerous elements of the planet. However, the service's subscription program generally imposes a better overall price than the owner pays for the self-installation system, which might seemingly cause a challenge.
The Global Lighting as a Service Market report provides full coverage of the companies’ data, including details about their production and manufacturing capacity, product portfolio, business overview, revenue, gross profit margins, sales network and distribution channel, financial standing, and market position. The report also studies business strategies and strategic alliances undertaken by companies to gain a robust footing in the market. The report sheds light on the mergers and acquisitions, collaborations, joint ventures, brand promotions and product launches, agreements and partnerships, and corporate and government deals. The comprehensive analysis of the competitive landscape offers the readers a deeper understanding about the competitors.
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Key companies operating in the Lighting as a Service market include:
General Electric, Future Energy Solutions, Urban Volt, Igor Inc., Valoya Oy, SIB Lighting, Lunera Lighting, Cree Inc., Itelecom, Koninklijke Philips N.V
Key market aspects studied in the report:
Market Scope: The report explains the scope of various commercial possibilities in the global Lighting as a Service market over the upcoming years. The estimated revenue build-up over the forecast years has been included in the report. The report analyzes the key market segments and sub-segments and provides deep insights into the market to assist readers with the formulation of lucrative strategies for business expansion.
Key Benefits of the Report:
Comprehensive analysis of the competitive scenario and its changing dynamics
Analytical data with detailed SWOT analysis and Porter’s Five Forces analysis
In-depth 8-year analysis of the Global Lighting as a Service Market
Critical understanding of the key market segments
Comprehensive analysis of the drivers, restraints, trends, and opportunities
Detailed regional analysis and extensive company profiling
Extensive assessment of current and emerging trends of the market
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Lighting as a Service Market Segmentation:
Component Outlook (Volume: Kilo Tons) (Revenue, USD Billion; 2017-2027)
Luminaries and Controls
Software
Service
Application Outlook (Volume: Kilo Tons) (Revenue, USD Billion; 2017-2027)
Commercial
Industrial
Others
Installation Outlook (Volume: Kilo Tons) (Revenue, USD Billion; 2017-2027)
Indoor
Outdoor
Lighting as a Service Market Segmentation by Regions:
North America (U.S., Canada)
Europe (U.K., Italy, Germany, France, Rest of EU)
Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
Latin America (Chile, Brazil, Argentina, Rest of Latin America)
Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
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