Market Research Report

A quick peek into the report

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

2.1 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

3.1 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

4.1 Assumptions and Limitations
4.2 Market Overview
4.3 Commercial
4.4 Industrial
4.5 Outdoor

5.1 Market Overview
5.2 North America
5.3 Europe
5.4 Rest of the World

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

7.1 Scope of the Report
7.2 Lighting as a Service Market Research Methodology

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)

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

Report Description

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 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.

Key Questions Answered in this Report

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?

Market Overview

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.