(EMAILWIRE.COM, September 05, 2018 ) Lighting as a Service market size will grow from USD 137.6 Million in 2017 to USD 1377.9 Million by 2023, at an estimated CAGR of 46.8%. The base year considered for the study is 2017, and the market size is projected from 2018 to 2023.


This growth is attributed to increasing demand for energy efficient lighting systems, zero capital cost requirement and growing convergence of Internet of Things (IoT) in lighting systems to reduce energy consumption across the globe.The report segments the lighting as a service market based on end-user industry into commercial, municipal, and industrial. The commercial segment dominated the end-user segment in 2017 and is expected to maintain its leading position throughout the forecast period. The municipal segment is projected to lead the market in terms of growth rate during the forecast period.


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Market Segments:

· By Market Players: Koninklijke Philips N.V , General Electric Lighting , Zumtobel Group AG , SIB Lighting , IGOR Inc. , Lunera Lighting , RCG Lighthouse , Cree, Inc. , Itelecom USA , Future Energy Solutions

· By End-User: Commercial , Municipal , Industrial

· By Installation: Indoor , Outdoor

· By Component: Luminaire & Control Equipment , Software & Communication Systems , Maintenance & Other Services

The prime objective of this report is to help the user understand the market in terms of its definition, segmentation, market potential, influential trends, and the challenges that the market is facing. Deep researches and analysis were done during the preparation of the report. The readers will find this report very helpful in understanding the market in depth. The data and the information regarding the market are taken from reliable sources such as websites, annual reports of the companies, journals, and others and were checked and validated by the industry experts. The facts and data are represented in the report using diagrams, graphs, pie charts, and other pictorial representations. This enhances the visual representation and also helps in understanding the facts much better.

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