Lighting as Service (LaaS) Market Analysis and Forecast by Recent Trends, Developments

 


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.

The escalating spread of COVID-19 pandemic, tech companies in the manufacturing vertical, are working towards unveiling new plans to help the small and large corporations enhance the management of infection in the building. In March 2020, Eco Energy Cluster (Eco E), a lighting services firm, released a replacement suite of lighting merchandise to provide corporations solutions to enhance their infection management.

Read In Depth: https://www.emergenresearch.com/industry-report/lighting-as-a-service-market

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 market predominantly is driven by the augmenting need for cost-efficient and environmentally sustainable lighting solutions.

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?

 

 

Comments

Post a Comment

Popular posts from this blog

Fermented Food and Ingredients Market Demand, Size, Share, Scope & Forecast To 2027

Image
  The market growth is driven by rise in the number of health-conscious consumers and increased awareness regarding beneficial health impacts of fermented food. Fermented Food and Ingredients market for the forecast period, 2020 - 2027 is involved in screening the business environment and the companies operating in the Fermented Food and Ingredients industry. Importantly, the research sheds a lot of light on their winning strategies to help stakeholders, business owners, and field marketing executives stay ahead in the competition. To get leading market solutions, visit the link below:  https://www.emergenresearch.com/industry-report/fermented-food-and-ingredients-market The report offers a comprehensive analysis of the competitive landscape of the market through extensive profiling of the key competitors. The section on the competitive analysis covers product portfolio, company overview, production and manufacturing capacity, financial standing, revenue and gross profi...
Read more

Near-Infrared Imaging Market 2021 | Industry Trends, Technological Advancements, Competitive Landscape Analysis and Segmental Analysis

 The “Near-Infrared Imaging Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecasts 2021–2028” research report offers an in-depth evaluation of all happenings in the Near-Infrared Imaging Market sector Near-Infrared Imaging market, samples and measures quality data on the overall business environment for the forecast period 2021-2028.Comprehensive data on growing investment pockets evaluated in the report on Near-Infrared Imaging market are powered and backed by human answers. Comprehensive coverage of aspects such as market potential, size, share, and growth aims at creating an equation for profitability- whether stakeholders, business owners, and field marketing executives need to understand their market foothold and dynamics identify the white spaces or increase their yield. The broad scope of information on the current and future trends enable product owners to plan their growth such as the geography they should pursue and technology required for their suc...
Read more

Healthcare Supply Chain Management Market Size, Future Trends, Segmentation, Gross Margin, Opportunity Assessment

Image
  The aim of supply chain management (SCM) in healthcare is to identify and eliminate waste and assist in decision-making in the supply chain. It also adds to the performance of the services provided. Also fueling the demand is the rise of cloud-based solutions. To get leading market solutions, visit the link below:  https://www.emergenresearch.com/industry-report/healthcare-supply-chain-management-market The latest report offers a profound analysis of the present market scenario, its key product types, end-user landscape, application outlook, leading regions, competitive terrain, and the leading companies' detailed profiles. Top Key market participants include: SAP SE, Oracle, Tecsys Inc., Cardinal Health, Epicor, Infor, Global Healthcare Exchange, McKesson Corporation, Manhattan Associates, and Cerner. Healthcare Supply Chain Management Market Service Insight: In the year 2019, North America retained the largest market share due to the presence of key market pla...
Read more