Lighting as a Service Market - SINGLE USER

The process of evolution of smart technology has considerably changed the overall lighting industry in terms of energy and money saving, ensuring increased safety and convenience of the users. With the installation of the smart lighting system in a building, 50% energy costs can be reduced, enhancing the productivity and comfort of the user. The global economy is expected to exhaust more energy resources in the future owing to the rising demand for energy from the developing countries. Additionally, the risk of climate change associated with the use of fossil fuels has made the supply of energy highly difficult. Several countries, such as the U.S., India, and China, are opting for various methods in order to decrease the carbon dioxide concentration in the atmosphere.

The global Lighting as a Service (LaaS) market is expected to witness tremendous growth during the forecast period 2018-2025. The market is growing due to the increasing demand for energy-efficient lighting systems. Growing implementation of Internet of Things (IoT) with lighting services is also expected to increase the adoption of this service worldwide. The report is a compilation of various segments including market dynamics, market breakdown by application, and by region.
The report provides comprehensive market analysis and forecast along with the recent trends influencing the markets. While highlighting the key driving and restraining forces for this market, the report also provides a detailed study of the future trends and developments of the market. It also examines the role of the leading market players involved in the industry including their corporate overview and SWOT analysis.
The report addresses the following key questions about the global LaaS market:
• What will be the global lighting as a service market value by 2025 along with the estimated CAGR?
• What are the driving factors for the global LaaS market from 2018 to 2025?
• Which factors are impending the growth of the global LaaSV market?
• What are the recent trends and developments in the global LaaS industry?
• Who are the leading players in the global LaaS market along with their ranking?
• Which service application will lead the global LaaS market by 2025?
• Which region will lead the global LaaS market by 2025?
• Which application will dominate the global LaaS market across various regions by 2025?
The global LaaS market is thronged with several lighting industry giants such as Acuity Brands, Eco-Engineering, Enlighted Inc, GE Lighting, LightEdison LLC, LumenServe Inc, Lumero, Metrus Energy Inc, Philips Lighting (Signify Holdings,), RCG Lighthouse, Sib Lighting, Sparkfund, UrbanVolt Ltd, Valoya Oy Ltd and Zumtobel Group AG, among others. With the increasing demand for the LaaS and its applications, companies have the opportunity to expand their services in the market through different strategic approaches. Some of the strategies followed by the contributors are product launches, joint ventures, collaborations, partnerships, acquisitions, and business expansions.
Executive Summary
1 Market Dynamics
1.1 Overview
1.2 Market Drivers
1.2.1 Adoption of Solid-State Lighting
1.2.2 Low Upfront Costs
1.2.3 Suppliers Driving the Demand for Lighting as a Service Market
1.3 Market Restraints
1.3.1 Lack of Knowledge Among End Users
1.3.2 Difficulty in Affordable Financing
1.4 Market Opportunities
1.4.1 Partnerships with Other Lighting as a Service (LaaS) Distributors
1.4.2 Integration of Internet of Things (IoT) and Human Centric Lighting (HCL) with Lighting Services

2 Competitive Landscape
2.1 Overview
2.2 Key Developments and Strategies
2.2.1 Partnerships and Collaborations
2.2.2 Product Launches
2.2.3 Mergers and Acquisitions
2.2.4 Business Expansions
2.3 Leading Players Ranking
2.4 Industry Attractiveness
3 Industry Analysis
3.1 Consortiums and Associations
3.2 Supply Chain Analysis
3.3 Global Lighting as a Service Market Components
3.3.1 Luminaires: Light Emitting Diode (LED)
3.3.2 Controls
3.3.3 Sensors
3.3.4 LED Drivers
3.3.5 Microprocessors and Microcontrollers
3.3.6 Switches and Dimmers
3.3.7 Transmitters and Receivers
3.3.8 Software
3.4 Lighting Industry Trends
3.4.1 Cloud-Based Lighting Controls
3.4.2 Light Fidelity (LiFi)-based Data Transmission
4 Global Lighting as a Service (LaaS) Market (by Application Type)
4.1 Assumptions and Limitations
4.2 Market Overview
4.3 Commercial
4.4 Industrial
4.5 Outdoor
5 Global Lighting as a Service Market (by Region)
5.1 Market Overview
5.2 North America
5.3 Europe
5.4 Rest of the World
6 Company Profiles
6.1 Overview
6.2 Acuity Brands, Inc.
6.2.1 Company Overview
6.2.2 Financials
6.2.2.1 Financial Summary
6.2.3 SWOT Analysis
6.3 Eco Engineering
6.3.1 Company Overview
6.3.1.1 Corporate Summary
6.3.2 SWOT Analysis
6.4 Enlighted Inc.
6.4.1 Company Overview
6.4.1.1 Corporate Summary
6.4.2 SWOT Analysis
6.5 GE Lighting
6.5.1 Company Overview
6.5.1.1 Corporate Summary
6.5.2 SWOT Analysis
6.6 LightEdison, LLC
6.6.1 Company Overview
6.6.1.1 Corporate Summary
6.6.2 SWOT Analysis
6.7 LumenServe, Inc.
6.7.1 Company Overview
6.7.1.1 Corporate Summary
6.7.2 SWOT Analysis
6.8 Lumeo
6.8.1 Company Overview
6.8.1.1 Corporate Summary
6.8.2 SWOT Analysis
6.9 Metrus Energy, Inc.
6.9.1 Company Overview
6.9.1.1 Corporate Summary
6.9.2 SWOT Analysis
6.10 Philips Lighting
6.10.1 Company Overview
6.10.2 Financials
6.10.2.1 Financial Summary
6.10.3 SWOT Analysis
6.11 RCG Lighthouse
6.11.1 Company Overview
6.11.1.1 Corporate Summary
6.11.2 SWOT Analysis
6.12 Sib Lighting
6.12.1 Company Overview
6.12.1.1 Corporate Summary
6.12.2 SWOT Analysis
6.13 Sparkfund
6.13.1 Company Overview
6.13.1.1 Corporate Summary
6.13.2 SWOT Analysis
6.14 UrbanVolt, Ltd.
6.14.1 Company Overview
6.14.1.1 Corporate Summary
6.14.2 SWOT Analysis
6.15 Valoya Oy
6.15.1 Company Overview
6.15.1.1 Corporate Summary
6.15.2 SWOT Analysis
6.16 Zumtobel Group AG
6.16.1 Company Overview
6.16.2 Financials
6.16.2.1 Financial Summary
6.16.3 SWOT Analysis
6.17 Other Company Snapshots
6.17.1 Aura Light International AB
6.17.1.1 Company Overview
6.17.1.1.1 Corporate Summary
6.17.2 Citizen Energy
6.17.2.1 Company Overview
6.17.2.1.1 Corporate Summary
6.17.3 Every Watt Matters
6.17.3.1 Company Overview
6.17.3.1.1 Corporate Summary
6.17.4 Green Lumens
6.17.4.1 Company Overview
6.17.4.1.1 Corporate Summary
6.17.5 LED Lease
6.17.5.1 Company Overview
6.17.5.1.1 Corporate Summary
6.17.6 Lunera, Inc.
6.17.6.1 Company Overview
6.17.6.1.1 Corporate Summary
7 Research Scope and Methodology
7.1 Scope of the Report
7.2 Lighting as a Service Market Research Methodology
List of Tables
Table 1.1 Strategic Partnerships of Some Key Industry Players (December 2015-March 2018)
Table 2.1 Partnerships and Collaborations (January 2015-April 2018)
Table 2.2 Product Launches (January 2015-April 2018)
Table 2.3 Mergers and Acquisitions
Table 2.4 Business Expansions (January 2015-March 2018)
Table 3.1 Examples of Some Associations and Consortia
Table 4.1 Global Lighting as a Service Market, 2017-2025 ($Million)
Table 4.2 Global Lighting as a Service Market (by Application), 2017-2025 ($Million)
Table 5.1 Global LaaS Market (by Region), $Million (2017 – 2025)
Table 5.2 Global LaaS Market (by North America), $Million (2017 – 2025)
Table 5.3 North America LaaS Market (by Application), 2017-2025 ($Million)
Table 5.4 Global LaaS Market (by Europe), $Million (2017 – 2025)
Table 5.5 Europe LaaS Market (by Application), 2017-2025 ($Million)
Table 5.6 Key LaaS Developments in Germany (January-April 2018)
Table 5.7 Key LaaS Recent Developments in the U.K. (January 2017-December 2017)
Table 5.8 Key LaaS Recent Developments in the Netherlands (January 2015-March 2018)
Table 5.9 Global LaaS Market (by Rest-of-the-World), $Million (2017 – 2025)
Table 5.10 Rest-of-the-World LaaS Market (by Application), 2017-2025 ($Million)
List of Figures
Figure 1 Lighting as a Service Business Model
Figure 2 Working of Lighting as a Service
Figure 3 Global Lighting as a Service Market Dynamics Snapshot
Figure 4 Global LaaS Market Size ($Million)
Figure 5 Global LaaS Market Size (by Applications) ($Million)
Figure 6 Global LaaS Market Size (by Region)
Figure 1.1 Market Dynamics
Figure 1.2 Product Life and Energy Efficiency of Different Lamps
Figure 1.3 Global Atmospheric Carbon Dioxide Concentration, Parts Per Million by Volume (PPMV) (2006 – 2018)
Figure 1.4 Decreasing Average Selling Price (ASP) of LED Bulbs (2009-2020)
Figure 1.5 Per Unit Price of Different Lamp Technologies
Figure 1.6 Design Considerations for Sustainable Lighting Solutions
Figure 2.1 Competitive Landscape
Figure 2.2 Key Developments and Strategies
Figure 2.3 Global LaaS Leading Players Analysis
Figure 2.4 Porter’s Five Forces Analysis
Figure 3.1 Industry Analysis
Figure 3.2 LaaS Supply Chain
Figure 3.3 Lighting Control- Component Type
Figure 3.4 Lifespan of LED Lights as Compared to Internal Temperature
Figure 4.1 Applications of Global Lighting as a Service Market
Figure 4.2 Global Lighting as a Service Market in 2017 and 2025
Figure 4.3 Global Lighting as a Service Market (by Application), 2017 and 2025
Figure 4.4 Global Lighting as a Service Market (by Commercial Application), 2017-2025 ($Million)
Figure 4.5 Global Lighting as a Service Market (by Industrial Application), 2017-2025 ($Million)
Figure 4.6 Global Lighting as a Service Market (by Outdoor Application), 2017-2025 ($Million)
Figure 5.1 Global Lighting as a Service Market (by Region)
Figure 5.2 Global LaaS Market (by Region)
Figure 5.3 Global Lighting as a Service Market (by North America), 2017-2025 ($Million)
Figure 5.4 North America LaaS Market (by Application)
Figure 5.5 Energy Usage Across Different Applications in the U.S. (2017)
Figure 5.6 Energy Usage Across Different Applications, in Canada (2017)
Figure 5.7 Global Lighting as a Service Market (by Europe), 2017-2025 ($Million)
Figure 5.8 Europe LaaS Market (by Application)
Figure 5.9 Energy Usage Across Different Applications, in the U.K. (2017)
Figure 5.10 Global Lighting as a Service Market (by Rest-of-the-World), 2017-2025 ($Million)
Figure 5.11 Rest of the World LaaS Market (by Application)
Figure 6.1 Share of Key Company Profiles
Figure 6.2 Acuity Brands, Inc.: Overall Financials, 2015-17 ($Million)
Figure 6.3 Acuity Brands, Inc.: Net Revenue (by Region), 2015-17 ($Million)
Figure 6.4 Acuity Brands, Inc.: SWOT Analysis
Figure 6.5 Eco Engineering: SWOT Analysis
Figure 6.6 Enlighted Inc.: SWOT Analysis
Figure 6.7 GE Lighting: SWOT Analysis
Figure 6.8 LightEdison, LLC: SWOT Analysis
Figure 6.9 LumenServe, Inc.: SWOT Analysis
Figure 6.10 Lumeo: SWOT Analysis
Figure 6.11 Metrus Energy, Inc.: SWOT Analysis
Figure 6.12 Philips Lighting: Overall Financials, 2015-17 ($Million)
Figure 6.13 Philips Lighting: Net Revenue (by Region), 2015-17 ($Million)
Figure 6.14 Philips Lighting: Net Revenue (by Business Segment), 2015-17 ($Million)
Figure 6.15 Philips Lighting: SWOT Analysis
Figure 6.16 RCG Lighthouse: SWOT Analysis
Figure 6.17 SIB Lighting: SWOT Analysis
Figure 6.18 Sparkfund: SWOT Analysis
Figure 6.19 UrbanVolt, Ltd.: SWOT Analysis
Figure 6.20 Valoya Oy: SWOT Analysis
Figure 6.21 Zumtobel Group AG: Overall Financials, 2015-17 ($Million)
Figure 6.22 Zumtobel Group AG: Net Revenue (by Region), 2015-17 ($Million)
Figure 6.23 Zumtobel Group AG: Net Revenue (by Business Segment), 2015-17 ($Million)
Figure 6.24 Zumtobel Group AG: SWOT Analysis
Figure 7.1 Scope of the Report
Figure 7.2 Report Design
Figure 7.3 Secondary Data Sources
Figure 7.4 Bottom-Up Approach
Figure 7.5 LaaS Market Influencing Factors
Figure 7.6 Assumptions and Limitations
The lighting sector has been undergoing significant changes since 2010. Light Emitting Diode (LED) lights are gaining traction over other types of lights because they provide high performance and are cheaper as compared to the traditional lights. Unlike other traditional lights, LEDs can be integrated into the design of a light fixture. Additionally, government organizations and commercial buildings are retrofitting the buildings with LED lights owing to its energy saving and cost-effective features. To reduce the installation and maintenance costs and facilitate the growth of the LED lights market, the manufacturers and service providers have developed a new financial structure known as “Lighting as a Service” (LaaS). This new financial structure helps public and private sector companies in capitalizing constant innovations taking place in the LED industry without any upfront costs. In this model, customers pay a monthly fee for the lighting service to upgrade the lights.
The global lighting as a service market is expected to grow at a CAGR of 40.8% in the forecast period 2018-2025. In terms of application, the commercial segment is anticipated to dominate the market throughout the forecast period register the highest growth during the forecast period. This growth can be attributed to the widespread adoption of LaaS business model by various commercial organizations as it offers enhanced energy savings and cost reductions.
Due to widespread adoption of the lighting as a service in various countries of Europe, such as Germany and the U.K., the Europe market for LaaS is expected to witness the fastest growth rate in the forecast period 2018-2025. The growth of LaaS model in Europe region can be attributed to the increase in the demand for energy efficient lighting system.
The growth of the North America LaaS market is primarily attributed to the factors such as the presence of the market leaders in the lighting industry and government’s policy to reduce energy consumption in the region by replacing old lighting with the efficient LED lightings.
The Gulf Cooperation plans to reduce carbon footprint by 2025. Reduction in carbon footprint can be achieved through a reduction in electricity usage. Currently, the adoption of lighting as a service model is minimal, however as the companies and large-scale projects start replacing the existing lightings to meet the demand of Gulf Corporation, the market is expected to witness an increased growth.
The global LaaS market is witnessing a steady growth. The market is anticipated to have a beaming growth owing to collaborations between manufacturers and distributors. These partnerships will help companies to strengthen their presence in more than one region or country. Partnerships help the companies in the expansion of their business in regions apart from their manufacturing base center.
North America
Europe
Rest of the World
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According to a new market intelligence report by BIS Research, titled "Global Lighting as a Service Market - Analysis and Forecast, 2018-2025", the Lighting as a Service market was estimated $239.7 million in 2017 and is anticipated to reach $3.59 billion by 2025 growing at a CAGR of 40.8% during the forecast period 2018-2025. The growth in the market can be attributed to the increasing demand for energy-efficient lighting systems. The implementation of the Internet of Things (IoT) with lighting services is also expected to increase the adoption of this service, worldwide. Some of the factors driving the growth of Lighting as a Service (LaaS) market are the adoption of solid-state lighting, low upfront costs, and an increasing number of suppliers entering the LaaS market. The key market players in the global Lighting as a Service market are Acuity Brands, Eco-Engineering, Enlighted Inc, GE Lighting, LightEdison LLC, LumenServe Inc, Lumero, Metrus Energy Inc, Philips Lighting (Signify Holdings,), RCG Lighthouse, Sib Lighting, Sparkfund, UrbanVolt Ltd, Valoya Oy Ltd and Zumtobel Group AG, among others.
BIS Research Report:
The increased consumption of energy and climate change risks are threats for the non-renewable sources of energy. Owing to these reasons, companies have started implementing solid-state lighting aggressively across residential and commercial applications for minimizing the per unit costs and increasing the energy efficiency. With the introduction of lighting as a service business model, the consumers or companies can install LED lighting without any upfront costs. This service model including planning, implementation, and support, as well as financing guarantees a reduction in energy consumption. The customer does not buy any luminaries but rather pays a fixed monthly fee. In lighting as a service model, the companies pay the upfront cost of fitting traditional lights with LED lights. The companies are also responsible for the maintenance of the lights. The cost saved by the user is shared with the lighting provider for a defined period. The supply chain of the global Lighting as a Service (LaaS) market consists of the manufacturers, suppliers, and end users. The manufacturers deal with the end users through the suppliers. The suppliers provide the end users with services, such as audits and light consultations, pertaining to the type of fixtures and controls required for the particular area, thus driving the market for LaaS. One of the major issues that lighting as a service business models aim at solving is that of energy management. Some of the advantages of energy management include cost reduction, energy price fluctuations & supply shortage reduction, and carbon emissions reduction. Companies are now integrating Internet of Things (IoT) solutions with luminaries to save more energy. With internet connected LED lights the service providers will be able to continuously monitor lights. These sensors can also help collect data about various building operations. Rooms equipped with sensors can adapt lighting levels according to the usage pattern of the room, dimming them in vacant areas and increasing the brightness levels in the occupied areas. The sensors also send room use data to the cloud to help facility managers decide how to optimize space. For example, they could convert unused conference room into desk areas.
Due to the ongoing changes in the industry, BIS Research has incorporated a detailed chapter on the market dynamics including the key driving and restraining forces, along with the opportunities for the global lighting as a service market. The market numbers play an important role in the industry, following which a proper market sizing and estimation for applications and regions have been undertaken for the industry.
The report has skilfully identified the potential for further development in the form of product launches, joint ventures, and partnerships, among others. The report has also included a separate section of detailed competitive landscape. The recent activities by the key players in this market have also been tracked in the form of company profiles.
According to our analyst Esha Bhatia, “The Lighting as a Service (LaaS) market is expected to grow over $3.59 billion by 2025 growing at a CAGR of 40.8% in the forecast period 2018-2025, with Europe region leading the market. Due to widespread adoption of the lighting as a service in various European countries such as Germany and the U.K., the Europe market for LaaS is expected to witness the fastest growth rate during the forecast period 2018-2025. Commercial application is expected to dominate the market value throughout the forecast period 2018-2025. Commercial lighting application includes lighting for corporate offices, restaurants, hotels, night clubs & bars, sports arenas & stadiums, retail spaces, and hospitals. Due to widespread adoption of lighting as a service model in corporate enterprises, the market in commercial application is expected to grow at the highest CAGR during the forecast period. Moreover, the smart lighting technologies integrated with smart sensors and automated controls can take care of the lighting requirements of a corporate space by switching the lights on or off on sensing the occupancy of a particular area. The daylight sensors with dimmers can control the brightness level with respect to the ambient light and will be able to provide a comfortable and pleasant color temperature for people to work. Lighting as a service helps commercial spaces or companies to cut down on the initial investment. Companies can invest saved money on R&D to increase their product portfolio.”
The market report provides a detailed analysis of the recent trends influencing the market, along with a comprehensive study of the future trends and developments. It also includes a competitive analysis of the leading players in the industry, including corporate overview, financials, financial summary, and SWOT analysis. The overall market has been segmented by applications and also includes a comprehensive section on the geographical analysis which has been sub-segmented into three major regions namely: North America, Europe and Rest-of-the-World (RoW).
This report is a meticulous compilation of research on more than 50 major players in the LaaS market. Moreover, it draws upon insights from in-depth interviews of key opinion leaders of more than 15 leading companies, market participants, and vendors.
Key questions answered in the report
-What will be the global Lighting as a Service market value by 2025 along with the estimated CAGR?
- What are the driving factors for the global Lighting as a Service market from 2018 to 2025?
- Which factors are impending the growth of the global lighting as a service market?
- What are the recent trends and developments in the global lighting as a service industry?
-Who are the leading players in the global lighting as a service market along with their ranking?
- Which service application will lead the global lighting as a service market by 2025?
- Which region will lead the global lighting as a service market by 2025?
- Which application will dominate the global lighting as a service market across various regions by 2025?
Acuity Brands, Inc.
Eco Engineering
Enlighted Inc.
GE Lighting
LightEdison, LLC
LumenServe, Inc.
Lumeo
Metrus Energy, Inc.
Philips Lighting
RCG Lighthouse
Sib Lighting
Sparkfund
UrbanVolt, Ltd.
Valoya Oy
Zumtobel Group AG
Aura Light International AB
Citizen Energy
Every Watt Matters
Green Lumens
LED Lease
Lunera, Inc.
Global Lighting as a Service Market to Reach $3.59 Billion by 2025, BIS Research Reports