Lighting as a Service Market Gaining Popularity among Varied Consumer Base

09 Nov 2017
Lighting as a Service Market

The rising demand for energy efficient lighting from public and private sectors has fuelled competition in the lighting as a service market. The market has attracted new and existing players towards delivering solutions catering to the need of the consumers. The global market is distinctly segmented due to the presence of numerous small and large companies. The high level of competition in the market is attributed to an increased number of product launches and partnerships.

Smaller vendors are either being acquired by the top market players or they are merging with the established companies. Innovation in this field is a continuous phenomenon with vendors continuously working to create new and improved business models. Lighting as a service business model is used globally in various applications and has permeated through several existing and new markets. However, this business model is still in a phase where it is evolving and emerging to have an impact on a large scale.

One of the market leaders in the LED lighting market, Acuity Brands teamed with LocusLabs, an indoor mapping software specialist which has provided wayfinding programs to major airports, in October 2017. LocusLabs is enabling its “location as a service” technology to work with Acuity's Atrius, Acuity's catch-all brand of an ever-widening set of smart lighting and lighting-based Internet of Things (IoT) services.1 Another prominent market player, Valoya, rolled out its “Lighting as a Service” program in the US and Canada in March 2017. In this service, the consumers will get LED grow lights free of charge, with maintenance and replacement of faulty products provided by the operator.2

Philips Lighting, one of the major players in the market, along with Ericsson introduced a new smart pole, Philips lightpole site slim, in February 2017. Philips lightpole site, targeted initially at European cities, combines Philips’ energy efficient LED lighting with Ericsson’s leading small cell technology with 4G/LTE connectivity for high-speed broadband connectivity.3 Several other key players are entering into the collaborations, deals and strategic partnerships with each other as well as other players of the ecosystem to sustain in this growing market.

 Acknowledging the potential that the lighting as a service market holds, BIS Research has compiled a market intelligence report titled ‘Global Lighting as a Service Market, Analysis and Forecast (2017-2025)’. According to the analyst, “the global lighting as a service market is expected to reach $4.74 billion by 2025. In terms of Geography, North America had the largest market share in 2016. The growth of the North American lighting as a service 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 more efficient LED lighting.”

Reference:

1 LEDs Magazine

2 Cannabis Business Times

3 LED Inside

NEWSLETTER SIGNUP

 

Verticals

 

Past Events

IOT India Expo, 2017

http://www.iotindiaexpo.com/#
When: 08 Feb - 10 Feb, 2018
  Where: New Delhi, India
Type of Engagement- Knowledge Partner

Connected Vehicles 2018

http://telematicswire.net/conf/2018/blr/
When: 14 Mar - 15 Mar, 2018
  Where: Bangalore, India
Representative- Faisal Ahmad , CEO & Founder
Type of Engagement- Lead Talk

CVF 2018

http://cvforum.in/
When: 26 Apr - 28 May, 2018
  Where: Pune, India
Representative- Satendra Kumar, Principal Analyst
Type of Engagement- Moderator

IIM Hult prize 2018

http://www.hultprizeat.com/iimlucknow
When: 25 May - 31 May, 2018
  Where: Lucknow, India
Representative- Faisal Ahmad , CEO & Founder
Type of Engagement- Knowledge Partner and Judge for the event

Blockchain in Healthcare Summit

http://tcbi.org/hcblockchainplatform/
When: 11 Jun - 12 Jun, 2018
  Where: Boston
Type of Engagement- Knowledge Partner

Commercial Drones Take Flight: Breaking Barriers and Reaching New Heights

https://register.gotowebinar.com/register/8630250776269240067
When: 28 Jun - 28 Jun, 2018
  Where: GoToWebinar ID: 219-612-347
Representative- BIS Research
Type of Engagement- Webinar

Commercial Drones Take Flight: Breaking Barriers and Reaching New Heights

https://register.gotowebinar.com/register/6634578899309230849
When: 05 Sep - 05 Sep, 2018
  Where: https://register.gotowebinar.com/register/6634578899309230849
Representative- BIS Research
Type of Engagement- Speaker

Strategic Analysis of Precision Medicine, Forecast of Future Trends

https://www.gii.co.jp/seminar/bis-seminar2018/
When: 02 Oct - 02 Oct, 2018
  Where: Otemachi Sankei Plaza, 1-7-2 Otemachi Chiyoda-ku, Tokyo
Representative- Global Information, Inc. (GII)
Type of Engagement- Speaker

10th World Congress on Precision and Personalized Medicine

https://personalized-medicine.conferenceseries.com/registration.php
When: 05 Oct - 06 Oct, 2018
  Where: Osaka, Japan
Type of Engagement- Attendees

Blockchain Technology: Transforming the Agriculture and Food Supply Chain

https://register.gotowebinar.com/register/7355809050283024641
When: 21 Nov - 21 Nov, 2018
  Where: https://register.gotowebinar.com/register/7355809050283024641
Representative- BIS Research
Type of Engagement- Speaker

Precision Medicine World Conference 2019

https://www.pmwcintl.com/bis-research-2019sv/
When: 20 Jan - 23 Jan, 2019
  Where: Santa Clara Convention Center
Representative- Our BIS Healthcare Team
Type of Engagement- Exhibitor. At Booth#324

Connected, Autonomous, Shared, and Electric (CASE) - The Future of Mobility

https://www.gii.co.jp/seminar/bis2019/?c=bnr
When: 06 Mar - 06 Mar, 2019
  Where: Sola City Conference Center, 4-6 Kandasurugadai, Chiyoda-ku, Tokyo Japan 101-0062
Representative- Global Information, Inc. (GII)
Type of Engagement- Speaker

Advancing Precision Medicine through Informatics

https://zoom.us/webinar/register/6115544485265/WN_VJO9WZBCQVGjhoSpKiObQA
When: 30 Apr - 30 Apr, 2019
  Where: https://zoom.us/webinar/register/6115544485265/WN_VJO9WZBCQVGjhoSpKiObQA
Representative- BIS Research
Type of Engagement- Speaker

Big Data in Future of Mobility: Opportunities and Challenges

https://zoom.us/webinar/register/8315553921039/WN_3wVbCVZTQla0g1qBRvrqgg
When: 15 May - 15 May, 2019
  Where: https://zoom.us/webinar/register/8315553921039/WN_3wVbCVZTQla0g1qBRvrqgg
Representative- BIS Research
Type of Engagement- Speaker

NGS Data Management: Turning Data Into Knowledge

https://zoom.us/webinar/register/3415566481137/WN_fH2jbtpYT1qMFvmvqogliw
When: 13 Jun - 13 Jun, 2019
  Where: https://zoom.us/webinar/register/3415566481137/WN_fH2jbtpYT1qMFvmvqogliw
Representative- BIS Research
Type of Engagement- Speaker

Circular Economy- In Pursuit of Fully Recyclable Plastics

https://zoom.us/webinar/register/2715592976380/WN_PryM8ZntR7mFmT0KKd0pqQ
When: 25 Jun - 25 Jun, 2019
  Where: https://zoom.us/webinar/register/2715592976380/WN_PryM8ZntR7mFmT0KKd0pqQ
Representative- BIS Research
Type of Engagement- Speaker

Robotics Simulators: An Emerging Frontier in the Era of Healthcare Robotics

https://zoom.us/webinar/register/7615604362381/WN_jyQlaXB0R-WbKVklyzzQSA
When: 17 Jul - 17 Jul, 2019
  Where: https://zoom.us/webinar/register/7615604362381/WN_jyQlaXB0R-WbKVklyzzQSA
Representative- BIS Research
Type of Engagement- Speaker

Big Data: The Goldmine of Precision Agriculture

https://zoom.us/webinar/register/2015623181415/WN_gibMeiBxTlW-P74d0Ktiyg
When: 08 Aug - 08 Aug, 2019
  Where: https://zoom.us/webinar/register/2015623181415/WN_gibMeiBxTlW-P74d0Ktiyg
Representative- BIS Research
Type of Engagement- Speaker

Microbiome: Changing Contours of Beauty and Personal Care

https://zoom.us/webinar/register/6915633588135/WN_a12GKv__QCm-ZAvsRJ2dAQ
When: 27 Aug - 27 Aug, 2019
  Where: https://zoom.us/webinar/register/6915633588135/WN_a12GKv__QCm-ZAvsRJ2dAQ
Representative- BIS Research Analysts
Type of Engagement- Speaker

5G Vision 2025: Unlocking Strategies for Stakeholders

https://www.eventbrite.com/e/5g-vision-2025-unlocking-strategies-for-stakeholders-tickets-73091569853
When: 16 Oct - 16 Oct, 2019
  Where: https://www.eventbrite.com/e/5g-vision-2025-unlocking-strategies-for-stakeholders-tickets-73091569853
Representative- BIS Research
Type of Engagement- Speaker

Commercial UAV Expo Americas

https://bit.ly/2MrLhzd
When: 28 Oct - 30 Oct, 2019
  Where: The Westgate | Las Vegas
Representative- BIS Research Analysts
Type of Engagement- Supporter

Robotics Technology - Transforming Surgical Practices

https://www.gii.co.jp/seminar/bis201911/
When: 19 Nov - 19 Nov, 2019
  Where: Otemachi First Square Conference, 1-5-1 Otemachi, Chiyoda-ku, Tokyo 100-0004
Representative- Global Information, Inc. (GII)
Type of Engagement- Speaker

India Off-Highway Vehicle Summit

http://www.fiveoit.com/iohv2019/
When: 27 Nov - 28 Nov, 2019
  Where: Prabhag 36, Pune, India
Representative- Mr. Paarijaat Sharma (Principal Analyst, Team Mobility) and Mr. Ravi Kumar Baid (Director, COO)
Type of Engagement- Speaker

Amsterdam Drone Week & UAM Summit 2019

https://www.amsterdamdroneweek.com/
When: 04 Dec - 06 Dec, 2019
  Where: RAI Amsterdam, Europaplein 24, Amsterdam, Netherlands
Representative- BIS Research
Type of Engagement- Knowledge Partner

Counter-UAS Technology: Protecting Critical Assets from Drone Intrusions

https://www.eventbrite.com/e/counter-uas-technology-protecting-critical-assets-from-drone-intrusions-tickets-86782909017?aff=ebdssbonlinesearch
When: 15 Jan - 15 Jan, 2020
  Where: Online
Representative- BIS Research
Type of Engagement- Speaker

Strategize Investments in EV Business: Transform your Risks into Rewards

https://www.eventbrite.com/e/webinar-strategize-investments-in-ev-business-transform-risks-into-rewards-tickets-81267939595
When: 21 Jan - 21 Jan, 2020
  Where: Online
Representative- BIS Research
Type of Engagement- Webcast

CVF Off Highway

https://cvforum.in/offhighway/
When: 23 Jan - 23 Jan, 2020
  Where: The Leela Ambience, Gurugram, India
Representative- Mr. Ravi Kumar Baid (Director, COO)
Type of Engagement- Speaker

28th Convergence India 2020

https://www.convergenceindia.org/
When: 19 Feb - 21 Feb, 2020
  Where: Pragati Maidan, New Delhi, India
Representative- Mr. Paarijaat Sharma (Principal Analyst, Team Mobility)
Type of Engagement- Research Partner

Webinar: Ventilators for COVID-19: How Companies are Breaking the Entry Barriers

https://zoom.us/webinar/register/9715858955222/WN_SlO2umKRQtedpueaLNUriw
When: 09 Apr - 09 Apr, 2020
  Where: Free webinar at https://zoom.us/webinar/register/9715858955222/WN_SlO2umKRQtedpueaLNUriw
Representative- BIS Research Analysts
Type of Engagement- Speaker

3D Printing for COVID-19: Balancing the Supply Crunch in Healthcare Industry

https://zoom.us/webinar/register/7115863519290/WN_QwuemdmURkyYXu2CZywlHA
When: 16 Apr - 16 Apr, 2020
  Where: https://zoom.us/webinar/register/7115863519290/WN_QwuemdmURkyYXu2CZywlHA
Representative- Mr. Kelvin Wee, Mr. Michael Tuckey and Ms. Relansi Gupta
Type of Engagement- Speaker

Ventilator Regulations, Safety Compliance, and Training During COVID-19

https://zoom.us/webinar/register/4315863522108/WN__oJNhdWZRpuOZojhipsUQQ
When: 30 Apr - 30 Apr, 2020
  Where: https://zoom.us/webinar/register/4315863522108/WN__oJNhdWZRpuOZojhipsUQQ
Representative- Mr. Patrick Berges, Mr. Sudhakar Mairpadi, Mr. Vijay Simha, Mr. Milind Nadgouda, and Mr. Abdul Wahid Khan
Type of Engagement- Speaker

Spar 3D Expo and Conference

https://www.spar3d.com/event/
When: 03 Jun - 05 Jun, 2020
  Where: Mccormick Place, Chicago, IL
Representative- Mr. Rahul Papney (Principal Consultant, Team Aerospace & Defence) and Mr. Arpit Benjwal (Principal Analyst, Team Advanced Materials)
Type of Engagement- Research Partner

Impact of COVID-19 on Minimally Invasive Surgical Technology Ecosystem

https://zoom.us/webinar/register/4315863522108/WN_C5KxphQUTPGOHSlNPAdJdQ
When: 16 Jul - 16 Jul, 2020
  Where: https://zoom.us/webinar/register/4315863522108/WN_C5KxphQUTPGOHSlNPAdJdQ
Representative- Mr. Abdul Wahid Khan, Mr. Manukoushik Chanda, Mr. Devon Bream, and Mr. Mohan Nathan
Type of Engagement- Speaker

Commercial UAV Expo Americas

https://www.expouav.com/
When: 15 Sep - 17 Sep, 2020
  Where: Paris Las Vegas, Las Vegas, USA
Representative- Mr. Rahul Papney (Principal Consultant, Team Aerospace & Defence)
Type of Engagement- Research Partner

Commercial UAV Expo Europe

https://www.expouav.com/europe/
When: 01 Dec - 03 Dec, 2020
  Where: RAI Amsterdam, Amsterdam, Netherlands
Representative- Mr. Rahul Papney (Principal Consultant, Team Aerospace & Defence)
Type of Engagement- Research Partner

Amsterdam Drone Week

https://www.amsterdamdroneweek.com/
When: 01 Dec - 03 Dec, 2020
  Where: RAI Amsterdam, Amsterdam, Netherlands
Representative- Mr. Rahul Papney (Principal Consultant, Team Aerospace & Defence)
Type of Engagement- Research Partner

Advances in UAV Communications: Present Challenges and Future Opportunities

https://zoom.us/webinar/register/4516051805050/WN_rKg_-j6pRoaEsdqnXT1Zxw
When: 17 Dec - 17 Dec, 2020
  Where: https://zoom.us/webinar/register/4516051805050/WN_rKg_-j6pRoaEsdqnXT1Zxw
Representative- Guest Speakers: Dr. Thomas Neubauer, VP of Innovations, TEOCO and Dr. Sanjay Gupta Investor, Entrepreneur, Innovator and Strategic Advisor – BIS Research
Type of Engagement- Speaker

Twitter Feeds

 

OUR CLIENTS