Product Code: MCP13030
Global Lighting as a Service Market to Reach $3.3 Billion by 2027
Amid the COVID-19 crisis, the global market for Lighting as a Service estimated at US$302.6 Million in the year 2020, is projected to reach a revised size of US$3.3 Billion by 2027, growing at a CAGR of 40.7% over the analysis period 2020-2027. Commercial, one of the segments analyzed in the report, is projected to record a 42.4% CAGR and reach US$1 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Municipal segment is readjusted to a revised 45% CAGR for the next 7-year period.
The U.S. Market is Estimated at $91.7 Million, While China is Forecast to Grow at 38.3% CAGR
The Lighting as a Service market in the U.S. is estimated at US$91.7 Million in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$523.1 Million by the year 2027 trailing a CAGR of 38.3% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 36.8% and 34.5% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 27.6% CAGR.
Industrial Segment to Record 37.3% CAGR
In the global Industrial segment, USA, Canada, Japan, China and Europe will drive the 37.2% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$54.3 Million in the year 2020 will reach a projected size of US$496.2 Million by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$404.8 Million by the year 2027.We bring years of research experience to this 6th edition of our report. The 144-page report presents concise insights into how the pandemic has impacted production and the buy side for 2020 and 2021. A short-term phased recovery by key geography is also addressed.
Competitors identified in this market include, among others,
- Cree, Inc.
- Future Energy Solutions
- GE Lighting
- Igor Inc.
- Italtel SpA
- Koninklijke Philips NV
- Lunera Lighting, Inc.
- Rcg Lighthouse
- SIB Lighting
- Zumtobel Group AG
TABLE OF CONTENTS
I. INTRODUCTION, METHODOLOGY & REPORT SCOPE
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
- Global Competitor Market Shares
- Lighting as a Service Competitor Market Share Scenario Worldwide (in %): 2019 & 2025
- Impact of Covid-19 and a Looming Global Recession
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
4. GLOBAL MARKET PERSPECTIVE
- TABLE 1: Lighting as a Service Global Market Estimates and Forecasts in US$ Thousand by Region/Country: 2020-2027
- TABLE 2: Lighting as a Service Market Share Shift across Key Geographies Worldwide: 2020 VS 2027
- TABLE 3: Commercial (End-Use) Global Opportunity Assessment in US$ Thousand by Region/Country: 2020-2027
- TABLE 4: Commercial (End-Use) Percentage Share Breakdown of Global Sales by Region/Country: 2020 VS 2027
- TABLE 5: Municipal (End-Use) Worldwide Sales in US$ Thousand by Region/Country: 2020-2027
- TABLE 6: Municipal (End-Use) Market Share Shift across Key Geographies: 2020 VS 2027
- TABLE 7: Industrial (End-Use) Global Market Estimates & Forecasts in US$ Thousand by Region/Country: 2020-2027
- TABLE 8: Industrial (End-Use) Market Share Breakdown by Region/Country: 2020 VS 2027
- TABLE 9: Other End-Uses (End-Use) Demand Potential Worldwide in US$ Thousand by Region/Country: 2020-2027
- TABLE 10: Other End-Uses (End-Use) Share Breakdown Review by Region/Country: 2020 VS 2027
- TABLE 11: Luminaires (Component) World Market by Region/Country in US$ Thousand: 2020 to 2027
- TABLE 12: Luminaires (Component) Market Share Distribution in Percentage by Region/Country: 2020 VS 2027
- TABLE 13: Software & Communication Systems (Component) World Market Estimates and Forecasts in US$ Thousand by Region/Country: 2020 to 2027
- TABLE 14: Software & Communication Systems (Component) Market Percentage Share Distribution by Region/Country: 2020 VS 2027
- TABLE 15: Maintenance Services (Component) Market Opportunity Analysis Worldwide in US$ Thousand by Region/Country: 2020 to 2027
- TABLE 16: Maintenance Services (Component) Market Share Distribution in Percentage by Region/Country: 2020 VS 2027
III. MARKET ANALYSIS
- GEOGRAPHIC MARKET ANALYSIS
- UNITED STATES
- Market Facts & Figures
- US Lighting as a Service Market Share (in %) by Company: 2019 & 2025
- Market Analytics
- TABLE 17: United States Lighting as a Service Latent Demand Forecasts in US$ Thousand by End-Use: 2020 to 2027
- TABLE 18: Lighting as a Service Market Share Breakdown in the United States by End-Use: 2020 VS 2027
- TABLE 19: United States Lighting as a Service Market Estimates and Projections in US$ Thousand by Component: 2020 to 2027
- TABLE 20: United States Lighting as a Service Market Share Breakdown by Component: 2020 VS 2027
- CANADA
- TABLE 21: Canadian Lighting as a Service Market Quantitative Demand Analysis in US$ Thousand by End-Use: 2020 to 2027
- TABLE 22: Canadian Lighting as a Service Market Share Analysis by End-Use: 2020 VS 2027
- TABLE 23: Canadian Lighting as a Service Market Estimates and Forecasts in US$ Thousand by Component: 2020 to 2027
- TABLE 24: Lighting as a Service Market in Canada: Percentage Share Breakdown of Sales by Component for 2020 and 2027
- JAPAN
- TABLE 25: Japanese Demand Estimates and Forecasts for Lighting as a Service in US$ Thousand by End-Use: 2020 to 2027
- TABLE 26: Lighting as a Service Market Share Shift in Japan by End-Use: 2020 VS 2027
- TABLE 27: Japanese Market for Lighting as a Service: Annual Sales Estimates and Projections in US$ Thousand by Component for the Period 2020-2027
- TABLE 28: Japanese Lighting as a Service Market Share Analysis by Component: 2020 VS 2027
- CHINA
- TABLE 29: Chinese Demand for Lighting as a Service in US$ Thousand by End-Use: 2020 to 2027
- TABLE 30: Chinese Lighting as a Service Market Share Breakdown by End-Use: 2020 VS 2027
- TABLE 31: Chinese Lighting as a Service Market Growth Prospects in US$ Thousand by Component for the Period 2020-2027
- TABLE 32: Chinese Lighting as a Service Market by Component: Percentage Breakdown of Sales for 2020 and 2027
- EUROPE
- Market Facts & Figures
- European Lighting as a Service Market: Competitor Market Share Scenario (in %) for 2019 & 2025
- Market Analytics
- TABLE 33: European Lighting as a Service Market Demand Scenario in US$ Thousand by Region/Country: 2018-2025
- TABLE 34: European Lighting as a Service Market Share Shift by Region/Country: 2020 VS 2027
- TABLE 35: European Lighting as a Service Addressable Market Opportunity in US$ Thousand by End-Use: 2020-2027
- TABLE 36: European Lighting as a Service Market Share Analysis by End-Use: 2020 VS 2027
- TABLE 37: European Lighting as a Service Market Estimates and Forecasts in US$ Thousand by Component: 2020-2027
- TABLE 38: European Lighting as a Service Market Share Breakdown by Component: 2020 VS 2027
- FRANCE
- TABLE 39: Lighting as a Service Quantitative Demand Analysis in France in US$ Thousand by End-Use: 2020-2027
- TABLE 40: French Lighting as a Service Market Share Analysis: A 7-Year Perspective by End-Use for 2020 and 2027
- TABLE 41: Lighting as a Service Market in France by Component: Estimates and Projections in US$ Thousand for the Period 2020-2027
- TABLE 42: French Lighting as a Service Market Share Analysis by Component: 2020 VS 2027
- GERMANY
- TABLE 43: Lighting as a Service Market in Germany: Annual Sales Estimates and Forecasts in US$ Thousand by End-Use for the Period 2020-2027
- TABLE 44: Lighting as a Service Market Share Distribution in Germany by End-Use: 2020 VS 2027
- TABLE 45: Lighting as a Service Market in Germany: Recent Past, Current and Future Analysis in US$ Thousand by Component for the Period 2020-2027
- TABLE 46: German Lighting as a Service Market Share Breakdown by Component: 2020 VS 2027
- ITALY
- TABLE 47: Italian Demand for Lighting as a Service in US$ Thousand by End-Use: 2020 to 2027
- TABLE 48: Italian Lighting as a Service Market Share Breakdown by End-Use: 2020 VS 2027
- TABLE 49: Italian Lighting as a Service Market Growth Prospects in US$ Thousand by Component for the Period 2020-2027
- TABLE 50: Italian Lighting as a Service Market by Component: Percentage Breakdown of Sales for 2020 and 2027
- UNITED KINGDOM
- TABLE 51: United Kingdom Demand Estimates and Forecasts for Lighting as a Service in US$ Thousand by End-Use: 2020 to 2027
- TABLE 52: Lighting as a Service Market Share Shift in the United Kingdom by End-Use: 2020 VS 2027
- TABLE 53: United Kingdom Market for Lighting as a Service: Annual Sales Estimates and Projections in US$ Thousand by Component for the Period 2020-2027
- TABLE 54: United Kingdom Lighting as a Service Market Share Analysis by Component: 2020 VS 2027
- REST OF EUROPE
- TABLE 55: Rest of Europe Lighting as a Service Addressable Market Opportunity in US$ Thousand by End-Use: 2020-2027
- TABLE 56: Rest of Europe Lighting as a Service Market Share Analysis by End-Use: 2020 VS 2027
- TABLE 57: Rest of Europe Lighting as a Service Market Estimates and Forecasts in US$ Thousand by Component: 2020-2027
- TABLE 58: Rest of Europe Lighting as a Service Market Share Breakdown by Component: 2020 VS 2027
- ASIA-PACIFIC
- TABLE 59: Lighting as a Service Quantitative Demand Analysis in Asia-Pacific in US$ Thousand by End-Use: 2020-2027
- TABLE 60: Asia-Pacific Lighting as a Service Market Share Analysis: A 7-Year Perspective by End-Use for 2020 and 2027
- TABLE 61: Lighting as a Service Market in Asia-Pacific by Component: Estimates and Projections in US$ Thousand for the Period 2020-2027
- TABLE 62: Asia-Pacific Lighting as a Service Market Share Analysis by Component: 2020 VS 2027
- REST OF WORLD
- TABLE 63: Rest of World Lighting as a Service Market Quantitative Demand Analysis in US$ Thousand by End-Use: 2020 to 2027
- TABLE 64: Rest of World Lighting as a Service Market Share Analysis by End-Use: 2020 VS 2027
- TABLE 65: Rest of World Lighting as a Service Market Estimates and Forecasts in US$ Thousand by Component: 2020 to 2027
- TABLE 66: Lighting as a Service Market in Rest of World: Percentage Share Breakdown of Sales by Component for 2020 and 2027
IV. COMPETITION
- Total Companies Profiled: 42
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