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.
The current COVID-19 pandemic is expected to have an effect on the growth of the Lighting as a Service industry majorly attributable to the movement restrictions and impact on the supply and demand due to the lockdowns. The COVID-19 pandemic has affected several sectors of the global market, and the Lighting as a Service sector is expected to feel the impact of the pandemic. The economic slowdown and dynamic changes in the demands will further affect the growth of the industry. The report covers the impact analysis of the COVID-19 pandemic on the overall Lighting as a Service industry.
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Key companies profiled in the report include:
General Electric, Future Energy Solutions, Urban Volt, Igor Inc., Valoya Oy, SIB Lighting, Lunera Lighting, Cree Inc., Itelecom, Koninklijke Philips N.V
Key Questions Answered by the Report:
Which region is expected to dominate the market in the coming years?
What are the recent technological and product advancements occurring in the market?
What are the key strategies adopted by the prominent players in the Lighting as a Service market?
What are the key product types and applications of the Lighting as a Service industry?
What is the outcome of SWOT analysis and Porter’s Five Forces analysis?
How is the competitive landscape of the Lighting as a Service market?
Who are the key players in the industry?
What is the growth rate of the industry over the coming years?
What will be the valuation of the Lighting as a Service Market by 2027?
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Market Segmentation
-
Component Outlook (Volume: Kilo Tons) (Revenue, USD Billion; 2017-2027)
- Luminaries and Controls
- Software
- Service
-
Application Outlook (Volume: Kilo Tons) (Revenue, USD Billion; 2017-2027)
- Commercial
- Industrial
- Others
-
Installation Outlook (Volume: Kilo Tons) (Revenue, USD Billion; 2017-2027)
- Indoor
- Outdoor
Regional Analysis:
Regional analysis includes an in-depth study of the key geographical regions to gain a better understanding of the market and provide an accurate analysis. The regional analysis covers North America, Latin America, Europe, Asia Pacific, and Middle East Africa. The regional analysis covers the analysis of key market segments, including revenue, CAGR, import/export, supply and demand ratio, production and consumption ratio, industrial chain analysis, and market dynamics in each region of the geographies.
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ToC of the report:
Chapter 1: Market overview and scope
Chapter 2: Market outlook
Chapter 3: Impact analysis of COVID-19 pandemic
Chapter 4: Competitive Landscape
Chapter 5: Drivers, Constraints, Opportunities, Limitations
Chapter 6: Key manufacturers of the industry
Chapter 7: Regional analysis
Chapter 8: Market segmentation based on type applications
Chapter 9: Current and Future Trends
Thank you for reading the report. The report can be customized as per the requirements of the clients. For further information or query about customization, please reach out to us, and we will offer you the report best suited for your needs.
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