Market Size – USD 302.5 Million in 2019, Market Growth – CAGR of 46.1%, Market Trends –
Development of smart cities across the globe
The global Lighting as a Service (LaaS) Market is projected to reach USD 6.28 billion by 2027, according to a recent report by Emergen Research. The primary driver for the market includes the increasing demand for economical lighting systems. The growing convergence of the technology equipped with Internet of Things (IoT) within the lighting system includes a lower consumption of energy across numerous elements of the planet. However, the service’s subscription program generally imposes a better overall price than the owner pays for the self-installation system, which might seemingly cause a challenge.
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Key Highlights From The Report
The report further sheds light on the broad geographical fragmentation of the global Lighting as a Service market, as well as various market segments and sub-segments categorized into product types, applications, and end-users. The regional overview in the global market report comprises the market size, value, share, volume, and cost analysis related to each region.
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:
Regional Bifurcation:
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Focal Points of the Global Lighting as a Service Market Report:
Table of Content
Chapter 1. Methodology & Sources 1.1. Market Definition 1.2. Research Scope 1.3. Methodology 1.4. Research Sources 1.4.1. Primary 1.4.2. Secondary 1.4.3. Paid Sources 1.5. Market Estimation Technique Chapter 2. Executive Summary 2.1. Summary Snapshot, 2019-2027 Chapter 3. Key Insights Chapter 4. Lighting as a Service Market Segmentation & Impact Analysis 4.1. Lighting as a Service Market Material Segmentation Analysis 4.2. Industrial Outlook 4.2.1. Market indicators analysis 4.2.2. Market drivers analysis 4.2.2.1. Improved financial benefits with zero capital cost model 4.2.2.2. Regulatory government policies for the adoption of energy efficient lighting systems 4.2.3. Market restraints analysis 4.2.3.1. Poor quality LED products prevalent throughout the market 4.2.3.2. Dearth in awareness surrounding Value of A Service Oriented Model of Lighting 4.3. Technological Insights 4.4. Regulatory Framework 4.5. Porter’s Five Forces Analysis 4.6. Competitive Metric Space Analysis 4.7. Price trend Analysis 4.8. Covid-19 Impact Analysis
Chapter 5. Lighting as a Service Market By Component Insights & Trends, Revenue (USD Million), Volume (Kilo Tons) 5.1. Component Dynamics & Market Share, 2019 & 2027 5.1.1. Luminaries and Controls 5.1.2. Software 5.1.3. Services
Chapter 6. Lighting as a Service Market By Installation Insights & Trends Revenue (USD Million), Volume (Kilo Tons) 6.1. Installation Dynamics & Market Share, 2019 & 2027 6.1.1. Indoor 6.1.2. Outdoor
CONTINUED…!!
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