Lighting as Service (LaaS) Market Future Demand & Growth Analysis with Forecast up to 2027

 


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. 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.

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

Key Highlights from the Report:

North America is estimated to command the industry’s expansion over the projected timeframe owing to the escalating government initiatives and regulations to encourage the adoption of energy-efficient lighting systems across the United States and Canada. Moreover, the presence of major manufacturers and the extensive R&D activities are anticipated to add traction to regional growth. The United States of America Department of Energy had estimated that by 2020, nearly 76% of the outside luminaire shipments would have been LEDs.

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

Regional Outlook (Revenue: USD Billion; Volume: Million Tons; 2017-2027)

·         North America

o   U.S.

o   Canada

o   Mexico

·         Europe

o   U.K.

o   Germany

o   France

o   BENELUX

o   Rest of Europe

·         Asia Pacific

o   China

o   Japan

o   South Korea

o   Rest of APAC

·         Latin America

o   Brazil

o   Rest of LATAM

·         Middle East & Africa

o   Saudi Arabia

o   U.A.E.

o   Rest of MEA

 

Comments

Post a Comment

Popular posts from this blog

Electric Vehicles Market Share, Types, Applications, Products, Size, Growth, Insights and Forecasts Report 2027

 The global  Electric Vehicles Market  is expected to reach USD 793.24 Billion by 2027, according to a new report by Emergen Research. The prime objective of this study is to offer a detailed assessment of the Electric Vehicles business based on type, sector as well as geography. The researchers analysing different elements associated with the business further offer extensive data regarding various factors such as opportunities, drivers, restraints and challenges influencing the growth rate of the Electric Vehicles industry. The growth of this market can be attributed due to the growing environmental awareness among consumers and increasing government initiatives regarding the adoption of Electric Vehicles to reduce the emission levels in the environment. Increasing research and development for the technological advancement of the products is augmenting the demand for the industry. The pandemic has severely affected the automotive & transportation industry and disr...
Read more

Mice Model Market Study Report Based on Size, Shares, Opportunities, Industry Trends and Forecast to 2027

Image
Mice Model Market size expected to reach USD 2.00 Billion by 2027. The growing use of mice models in virology and infectious disease studies is expected to further propel the global demand for mice models Increasing demand for humanized mice prototypes and increasing use of mice models in the study of virology and contagious diseases are driving the mice model market. Rise in adoption of mice models for clinical research by contract research organizations (CROs) To get leading market solutions, visit the link below:  https://www.emergenresearch.com/industry-report/mice-model-market The mice model Industry further emphasizes the developmental strategies undertaken by these companies, including product innovation, new product launches, and technological upgradation. Moreover, the report studies the notable business events observed in this industry, such as mergers & acquisitions, joint ventures, partnerships, corporate deals, and brand promotions.   The key industr...
Read more

Spinal Fusion Devices Market Analysis by Key Players With New Procedures, Challenges & Opportunities

 The latest research on the Spinal Fusion Devices market applies both qualitative and quantitative data analysis to present an overview of the future adjacencies around the Spinal Fusion Devices industry for the forecast period, 2021-2028. An extensive study of the product application and services conducted by subject matter experts assessing the Spinal Fusion Devices market will help product owners to make a wise decision. From analyzing which products companies should produce, expand to how brands should position their product the study covers all that business owners require meeting the buyers’ requirement. The report is formulated with the updated and latest information of the global Spinal Fusion Devices market further validated and verified by the industry experts and professionals. The Global Spinal Fusion Devices Market report contains historical, current, and forecast estimation of the revenue generation and profits for each segment and sub-segment of the Spinal Fusion D...
Read more