Product Code: KSI061611135
Lighting as a service (LaaS) Market is projected to grow at a CAGR of 33.68% to reach US$3.522 billion in 2030 from US$0.825 billion in 2025.
LED lights are increasingly dominating the market due to their declining costs and energy-saving capabilities. A large share of the lighting industry's revenue comes from replacing worn-out bulbs, giving lighting companies a chance to shift from one-time bulb sales to steady income through Lighting as a Service (LaaS) contracts. LaaS also supports upgrades to existing lighting systems, helping customers stay current with fast-evolving lighting technologies. Additionally, government efforts to encourage energy-efficient lighting and the integration of the Internet of Things with lighting solutions are fueling the growth of the LaaS market.
Regionally, North America currently leads the LaaS market, with Europe not far behind. In North America, the market is propelled by commercial entities eager to cut costs with efficient lighting and support global energy reduction efforts, resulting in strong growth. Europe, however, is experiencing the fastest growth during the forecast period, driven by rising demand from its commercial and industrial sectors. Meanwhile, rapid development in commercial and residential infrastructure across the Asia Pacific is boosting LaaS demand in that region.
The Lighting as a Service market report provides a comprehensive analysis of the global industry, delivering strategic and executive-level insights backed by data-driven analysis and forecasts. Regularly updated, it equips decision-makers with practical knowledge about current market trends, emerging opportunities, and competitive dynamics. The report examines the demand for key LaaS components-such as luminaires and controls, software and communication systems, and services-and their adoption across various regions. It also evaluates the latest technological advancements in the LaaS market, alongside significant government policies, regulations, and macroeconomic factors, offering a complete view of the market landscape.
Some of the major players covered in this report include Siemens, Philips Lighting, GE Lighting, among others.
Key Benefits of this Report:
- Insightful Analysis: Gain detailed market insights covering major as well as emerging geographical regions, focusing on customer segments, government policies and socio-economic factors, consumer preferences, industry verticals, and other sub-segments.
- Competitive Landscape: Understand the strategic maneuvers employed by key players globally to understand possible market penetration with the correct strategy.
- Market Drivers & Future Trends: Explore the dynamic factors and pivotal market trends and how they will shape future market developments.
- Actionable Recommendations: Utilize the insights to exercise strategic decisions to uncover new business streams and revenues in a dynamic environment.
- Caters to a Wide Audience: Beneficial and cost-effective for startups, research institutions, consultants, SMEs, and large enterprises.
What do businesses use our reports for?
Industry and Market Insights, Opportunity Assessment, Product Demand Forecasting, Market Entry Strategy, Geographical Expansion, Capital Investment Decisions, Regulatory Framework & Implications, New Product Development, Competitive Intelligence
Report Coverage:
- Historical data from 2022 to 2024 & forecast data from 2025 to 2030
- Growth Opportunities, Challenges, Supply Chain Outlook, Regulatory Framework, and Trend Analysis
- Competitive Positioning, Strategies, and Market Share Analysis
- Revenue Growth and Forecast Assessment of segments and regions including countries
- Company Profiling (Strategies, Products, Financial Information, and Key Developments among others)
Lighting as a Service Market Segmentations:
Lighting as a Service Market Segmentation by component:
The report analyzes the Lighting as a Service Market by components as below:
- Hardware
- Software
- Services
Lighting as a Service Market Segmentation by Installation:
The report analyzed the Lighting as a Service Market across 2 installation types as follows:
- Indoor Installation
- Outdoor Installation
Lighting as a Service Market Segmentation by End-User:
The report analyzes the Lighting as a Service Market by end-user segment as below:
- Commercial
- Industrial
- Others
Lighting as a Service Market Segmentation by Regions:
The study also analyzed the lighting as a service market into the following regions, with country-level forecasts and analysis as below:
- North America (USA, Canada, and Mexico)
- South America (Brazil, Argentina, and Others)
- Europe (United Kingdom, Germany, France, Spain, Italy and Others)
- Middle East and Africa (Saudi Arabia, UAE and Others)
- Asia Pacific (China, Japan, India, South Korea, Taiwan, Thailand, Indonesia, and Others)
Lighting as a Service Market Report Coverage:
This report provides extensive coverage as explained in the points below:
- Lighting as a service market size, forecasts, and trends by different components, with historical revenue data and analysis focusing on key factors driving adoption, current challenges faced by key players, and major growth areas.
- Lighting as a service market size, forecasts, and trends by installation type, with historical revenue data and analysis.
- Lighting as a service market size, forecasts, and trends by end-user segment, with historical revenue data and analysis across various segments.
- Lighting as a service market is also analyzed across different regions, with historical data, regional share, attractiveness, and opportunity of these solutions in different countries. The growth prospects and key players operating in these markets. The section also dwells on the macro factors, economic scenario, and other complementary factors aiding in market growth.
- Market dynamics: The section details the market growth factors, restraints, and opportunities in the market. The segment also presents complete market scenario with the help of Porter's five forces model.
- Competitive Intelligence: A thorough investigation on the competitive structure of the market presented through proprietary vendor matrix model, market share analysis of key players, insights on strategies of key players and recent major developments undertaken by the companies to gain competitive edge.
- Research methodology: The assumptions and sources which were considered to arrive at the final market estimates. Additionally, how our model is refined to ensure most significant factors are taken into consideration with the proper hypothesis and bottom-up and top-down approaches enhance the reliability of forecasts further strengthening the trustworthiness of the numbers being presented.
How this report is helpful to you and reasons for purchase?
- The report provides a strategic outlook of the lighting as a service market to the decision-makers, analysts and other stakeholders in the easy to read format for taking informed decisions.
- The charts, tables and figures make it easy for the executives to gain valuable insights while skimming the report.
- Analyst support through calls and email for timely clarification and incorporating additional requests.
- Option of presentation or doc format with the estimates file to take care of diverse requirements.
- 15% FREE customization with all our reports help cater additional requirements with significant cost-savings.
- Option of purchasing specific segments of the study, including opting for summary reports or just the estimates file.
TABLE OF CONTENTS
1. EXECUTIVE SUMMARY
2. MARKET SNAPSHOT
- 2.1. Market Overview
- 2.2. Market Definition
- 2.3. Scope of the Study
- 2.4. Market Segmentation
3. BUSINESS LANDSCAPE
- 3.1. Market Drivers
- 3.2. Market Restraints
- 3.3. Market Opportunities
- 3.4. Porter's Five Forces Analysis
- 3.5. Industry Value Chain Analysis
- 3.6. Policies and Regulations
- 3.7. Strategic Recommendations
4. TECHNOLOGICAL OUTLOOK
5. LIGHTING AS A SERVICE MARKET BY COMPONENT
- 5.1. Introduction
- 5.2. Hardware
- 5.3. Software
- 5.4. Services
6. LIGHTING AS A SERVICE MARKET BY INSTALLATION
- 6.1. Introduction
- 6.2. Indoor Installation
- 6.3. Outdoor Installation
7. LIGHTING AS A SERVICE MARKET BY END-USER
- 7.1. Introduction
- 7.2. Commercial
- 7.3. Industrial
- 7.4. Others
8. LIGHTING AS A SERVICE MARKET BY GEOGRAPHY
- 8.1. Introduction
- 8.2. North America
- 8.2.1. USA
- 8.2.2. Canada
- 8.2.3. Mexico
- 8.3. South America
- 8.3.1. Brazil
- 8.3.2. Argentina
- 8.3.3. Others
- 8.4. Europe
- 8.4.1. United Kingdom
- 8.4.2. Germany
- 8.4.3. France
- 8.4.4. Italy
- 8.4.5. Spain
- 8.4.6. Others
- 8.5. Middle East and Africa
- 8.5.1. Saudi Arabia
- 8.5.2. UAE
- 8.5.3. Others
- 8.6. Asia Pacific
- 8.6.1. China
- 8.6.2. Japan
- 8.6.3. India
- 8.6.4. South Korea
- 8.6.5. Taiwan
- 8.6.6. Thailand
- 8.6.7. Indonesia
- 8.6.8. Others
9. COMPETITIVE ENVIRONMENT AND ANALYSIS
- 9.1. Major Players and Strategy Analysis
- 9.2. Market Share Analysis
- 9.3. Mergers, Acquisitions, Agreements, and Collaborations
- 9.4. Competitive Dashboard
10. COMPANY PROFILES
- 10.1. Siemens
- 10.2. Signify Holdings (Philips Lighting)
- 10.3. Future Enrgy Solutions
- 10.4. Zumtobel Group AG
- 10.5. Stouch Lighting
- 10.6. LEDVANCE GmbH
- 10.7. Igor Inc
- 10.8. Eaton
- 10.9. ESB Group
- 10.10. Every Watt Matters
11. APPENDIX
- 11.1. Currency
- 11.2. Assumptions
- 11.3. Base and Forecast Years Timeline
- 11.4. Key benefits for the stakeholders
- 11.5. Research Methodology
- 11.6. Abbreviations