Lighting as a Service Market Report Scope & Overview:

The Lighting as a Service Market size was valued at USD 1.98 Bn in 2022 and is expected to reach USD 47.03 Bn by 2030, and grow at a CAGR of 48.49% over the forecast period 2023-2030.

Lighting as a Service is the process of providing technical, financial, and management services. It is capable of providing services that include lighting system installation, recycling equipment, lighting system installation, and maintenance and administration. With the incorporation of advancements in technology such as IoT, this system moves the focus of traditional lighting to smart lighting. The reaction improves energy efficiency, regulates smart loads, and reduces costs. The market is divided into three components: software and communication systems, maintenance services, and luminaires. The market is divided into Commercial, Industrial, Municipal, and other end-users.

Lighting as a Service Market Revenue Analysis

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LED lighting is displacing conventional incumbent technologies, and lighting as a service is increasing its market as technology advances throughout the world. To suit client demand, the lighting sector is quickly adopting and updating current solutions involved in a modern lighting system. These services may also include recycling of equipment, installation of a lighting system, and ongoing maintenance and administration, and many businesses provide a combination of these services to better serve customers and retain them for a longer period of time.



  • Model with Zero Capital Costs and Improved Financial Benefits.

  • Government Policies and Regulations for Energy-Efficient Lighting System Adoption.


  • Unawareness of the Value of a Service-Oriented Lighting Model.



  • Low-quality led products are flooding the market, and their performance is poor.


The new coronavirus epidemic and related containment efforts have severely harmed commercial real estate demand, particularly in the hotel, retail, and office sectors. During the crisis, businesses were forced to close due to reduced store hours and empty office buildings, which hampered the global adoption of LaaS for commercial applications. However, the considerable rebound of the housing industry, as seen by increased new house development in locations such as the Southern United States, has boosted sales of lighting fixtures for residential applications. Furthermore, an increase in house improvement activities has increased the need for lighting systems. Given the continual rise in the domestic lighting business, factors like these might help the Lighting as a Service market develops in the near future.


The Lighting as a Service market is now in its infancy, and organizations’ lack of understanding has hampered its growth. However, the combination of loT and LaaS is expected to provide market potential, which has significantly fueled the Software segment's market development. With loT-based Lighting as Service systems, users of various degrees may personalize lighting and temperature in their workstations via a smartphone app, resulting in a better work environment. The IoT-based LaaS will let facility managers track light consumption trends, eliminating them where they are not needed and significantly lowering the building's carbon impact.

In terms of installation, the exterior part is calculated to be the market's fastest expanding segment. The indoor segment has a significant market share in 2022 and has the potential to dominate the market over time due to the rapid adoption of LaaS in company offices and commercial venues. The expanding business sector in emerging nations is the primary engine behind the rise of indoor lighting as a service segment.

The company or commercial segment leads the LaaS market, owing to their increased migration to the subscription model of LaaS rather than owning and maintaining the lighting infrastructure. The municipal sector, which is projected to come under the Other group, is expected to have the highest CAGR due to the adoption of Laas by large cities and cities that are drawn by its energy-saving benefits over traditional lighting systems.


On The Basis of Components

  • Luminaries and control

  • Software

  • Services

On The Basis of Installation

  • Indoor installation

  • Outdoor installation

On The Basis of Application

  • Commercial

  • Industrial

  • Municipal

  • Others

Lighting as a Service Market Segmentation Analysis

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Because of increased government initiatives to replace old lighting systems with energy-efficient lighting systems, North America is likely to be one of the main areas driving the growth of the worldwide market over the forecast period. The development of smart cities in the United States and Canada is expected to encourage the use of lighting as a service and contribute to market growth. As a result, the rise in demand for lighting systems that improve system efficiency and lower costs are some of the factors driving the market growth. After North America, the Asia Pacific area is predicted to rise rapidly throughout the projection period. This is due to the rapid creation of sustainable lighting systems by regional producers. Furthermore, rising home improvement spending and solid demand for lighting fixtures and lamps in countries such as Australia are likely to promote the region's adoption of the LaaS business model, consequently favoring market expansion.


  • North America

    • USA

    • Canada

    • Mexico

  • Europe

    • Germany

    • UK

    • France

    • Italy

    • Spain

    • The Netherlands

    • Rest of Europe

  • Asia-Pacific

    • Japan

    • south Korea

    • China

    • India

    • Australia

    • Rest of Asia-Pacific

  • The Middle East & Africa

    • Israel

    • UAE

    • South Africa

    • Rest of Middle East & Africa

  • Latin America

    • Brazil

    • Argentina

    • Rest of Latin America


The major key players are Cree Inc., Eaton Corporation plc, Future Energy Solutions, Igor Inc., Itelecom USA, Koninklijke Philips N.V., Lunera Lighting, RCG Lighthouse, SIB Lighting, Zumtobel Group AG, and other players

RCG Lighthouse-Company Financial Analysis

Company Landscape Analysis

Lighting as a Service Market Report Scope:
Report Attributes Details
 Market Size in 2022  US$ 1.98 Bn
 Market Size by 2030  US$ 47.03 Bn
 CAGR   CAGR of 48.49% From 2023 to 2030
 Base Year  2022
 Forecast Period  2023-2030
 Historical Data  2020-2021
 Report Scope & Coverage Market Size, Segments Analysis, Competitive  Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook
 Key Segments • By components (Luminaries and control, Software, and Services)
• By Installation (Indoor installation and Outdoor installation)
• By Application (Commercial, Industrial, Municipal, Others)
 Regional Analysis/Coverage North America (USA, Canada, Mexico), Europe
(Germany, UK, France, Italy, Spain, Netherlands,
Rest of Europe), Asia-Pacific (Japan, South Korea,
China, India, Australia, Rest of Asia-Pacific), The
Middle East & Africa (Israel, UAE, South Africa,
Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America)
 Company Profiles Cree Inc., Eaton Corporation plc, Future Energy Solutions, Igor Inc., Itelecom USA, Koninklijke Philips N.V., Lunera Lighting, RCG Lighthouse, SIB Lighting, Zumtobel Group AG
 Key Drivers • Model with Zero Capital Costs and Improved Financial Benefits.
• Government Policies and Regulations for Energy-Efficient Lighting System Adoption.
 Market Opportunity • Internet of Things and Lighting System Integration
• Smart City Development


Frequently Asked Questions

Ans: - The Lighting as a Service Market size was valued at USD 1.98 Bn in 2022.

Ans: - The Lighting as a Service market is to grow at CAGR of 48.9% over the forecast period 2023-2030.

 Ans: - North America is likely to be one of the main areas driving the growth of the worldwide market over the forecast period. 

Ans: - The major key players are Cree Inc., Eaton Corporation plc, Future Energy Solutions, Igor Inc., Itelecom USA, Koninklijke Philips N.V., Lunera Lighting, RCG Lighthouse, SIB Lighting, Zumtobel Group AG.

Ans: - Key Stakeholders Considered in the study are Raw material vendors, Regulatory authorities, including government agencies and NGOs, Commercial research, and development (R&D) institutions, Importers and exporters, etc.

Table of Contents

1. Introduction

1.1 Market Definition

1.2 Scope

1.3 Research Assumptions

2. Research Methodology


3. Market Dynamics

3.1 Drivers

3.2 Restraints

3.3 Opportunities

3.4 Challenges

4. Impact Analysis

4.1 COVID-19 Impact Analysis

4.2 Impact of Ukraine- Russia war

4.3 Impact of ongoing Recession

4.3.1 Introduction

4.3.2 Impact on major economies US Canada Germany France United Kingdom China Japan South Korea Rest of the World

5. Value Chain Analysis


6. Porter’s 5 forces model


7. PEST Analysis


8. Lighting as a Service Market Segmentation, by Components

8.1 Luminaries and control

8.2 Software

8.3 Services

9. Lighting as a Service Market Segmentation, by Installation

9.1 Indoor installation

9.2 Outdoor installation


10. Lighting as a Service Market Segmentation, by Application

10.1 Commercial

10.2 Industrial

10.3 Municipal

10.4 Others


11. Regional Analysis

11.1 Introduction

11.2 North America

11.2.1 USA

11.2.2 Canada

11.2.3 Mexico

11.3 Europe

11.3.1 Germany

11.3.2 UK

11.3.3 France

11.3.4 Italy

11.3.5 Spain

11.3.6 The Netherlands

11.3.7 Rest of Europe

11.4 Asia-Pacific

11.4.1 Japan

11.4.2 South Korea

11.4.3 China

11.4.4 India

11.4.5 Australia

11.4.6 Rest of Asia-Pacific

11.5 The Middle East & Africa

11.5.1 Israel

11.5.2 UAE

11.5.3 South Africa

11.5.4 Rest

11.6 Latin America

11.6.1 Brazil

11.6.2 Argentina

11.6.3 Rest of Latin America

12. Company Profiles

12.1 Cree Inc.

12.1.1 Financial

12.1.2 Products/ Services Offered

12.1.3 SWOT Analysis

12.1.4 The SNS view

12.2 Eaton Corporation plc

12.3 Future Energy Solutions

12.4 Igor Inc.

12.5 Itelecom USA

12.6 Koninklijke Philips N.V.

12.7 Lunera Lighting

12.8 RCG Lighthouse

12.9 SIB Lighting

12.10 Zumtobel Group AG


13. Competitive Landscape

13.1 Competitive Benchmarking

13.2 Market Share Analysis

13.3 Recent Developments

14. Conclusion

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The 5 steps process:

Step 1: Secondary Research:

Secondary Research or Desk Research is as the name suggests is a research process wherein, we collect data through the readily available information. In this process we use various paid and unpaid databases which our team has access to and gather data through the same. This includes examining of listed companies’ annual reports, Journals, SEC filling etc. Apart from this our team has access to various associations across the globe across different industries. Lastly, we have exchange relationships with various university as well as individual libraries.

Secondary Research

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This step involves the triangulation of data wherein our team analyses the interview transcripts, online survey responses and observation of on filed participants. The below mentioned chart should give a better understanding of the part 1 of the primary interview.

Primary Research

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Data Bank Validation

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