(MENAFN- Comserve) Shibuya-ku, Tokyo, Japan, Japan, Nov 17, 2021, 03:40 /Comserve / -- The Global Lighting as a Service Market Analysis, 2020 research report depicts a deep-dive market analysis of statistics of Global Lighting as a Service market which consists of region-wise market
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The Global Lighting as a Service Market Analysis, 2020 research report depicts a deep-dive market analysis of statistics of Global Lighting as a Service market which consists of region-wise market size, market forecast, CAGR market segmentation, market share of various components, end users, installation type, etc.
According to MarkNtel Advisors' market research report titled“Global Lighting as a Service Market Analysis, 2020”, the market size of Lighting as a Service market across the globe is forecast to grow at the CAGR of around 45% during 2020-25. The key factors contributing to the market growth of the Global Lighting as a Service market are the emerging need for energy-efficient, growing demand for connected and low-cost lighting systems along with the development of smart cities. Moreover, owing to the extensive government regulations for optimum energy efficiency, the manufacturers are offering various low energy consumable energy solutions, therefore end-users are replacing or retrofitting their old lighting system with the new energy-efficient ones due to which the market for Lighting as a Service is escalating steadily.
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The Final Report will cover the impact analysis of COVID-19 on this industry: Global Lighting as a Service (LaaS) Market Insights by Emerging Trends, Leading Key Players, Future Growth and Revenue, Demand and Revenue Forecast 2020
Asia-Pacific to Register the Highest CAGR in Forthcoming Years
In 2019, North America acquired the major market share. The presence of numerous lighting manufacturers and solution providers in countries such as the U.S and Canada coupled with the government regulations for changing old lighting systems with energy-efficient ones are key factors contributing to the growth of the Lighting as a Service market in North America.
Furthermore, the APAC is expected to grow at the highest CAGR during 2020-25 owing to a surge in smart city and smart home projects in countries such as China and India. Also, the growing adoption of IoT-based solutions in the commercial sector and the manufacturing sector in the region is a contributing factor for the growth of the increasing market share of the APAC region in the Global Lighting as a Service market.
Outdoor Segment to see Robust Growth During 2020-25
In 2019, the indoor segment captured the major market share in the Global Lighting as a Service market. The key contributing factor for the growth in the market share is the deployment of smart lighting solutions in residential homes, offices, malls, etc. Furthermore, the IoT integration in a lighting system with other types of equipment such as HVAC, fans, etc is also helping in the growth of the indoor segment.
Fill This Form and get the Sample Copy of This Report:
The Final Report will cover the impact analysis of COVID-19 on this industry: Global Lighting as a Service (LaaS) Market Insights by Emerging Trends, Leading Key Players, Future Growth and Revenue, Demand and Revenue Forecast 2020
However, it is expected that the outdoor segment would grow at the highest CAGR in the forecast period owing to the construction of roads and highways across the globe. Also, the rising government investment for the betterment of parking, public places, etc. would contribute to the growing market size of the outdoor segment in the forecast period.
In 2019, the commercial sector acquired the major market share on an account of a surging number of retail malls, shopping complexes, hostels, etc. Also, the deployment of IoT technology in the commercial sector to reduce energy consumption is resulting in the integration of smart lighting solution, due to which the market share of the commercial sector in Global Lighting as a Service market is on the rise, as stated in the MarkNtel Advisors' research report“Global Lighting as a Service Market Analysis, 2020”.
According to MarkNtel Advisors, the availability of numerous local and foreign players in regions makes the global industry highly competitive. The key players with a considerable share in the industry are General Electric Lighting, Koninklijke Philips N.V, Zumtobel Group AG, SIB Lighting, Lunera Lighting, IGOR Inc., Cree, Inc., RCG Lighthouse, Itelecom USA, Future Energy Solutions., The players are launching new products, doing strategic alliance to gain a competitive advantage in the industry.
Key Questions Answered in the Market Research Report
1. What are the key overall market statistics or market estimates (Market Overview, Market Size- By Value, Forecast Numbers, Market Segmentation, Market Shares) of Global Lighting as a Service Industry?
2. What are the region-wise industry size, growth drivers and challenges, and key market trends?
3. What are the key innovations, technology upgrades, opportunities, regulations, growth drivers and challenges Global Lighting as a Service market?
TABLE OF CONTENT
1. Introduction
1.1. Market Segmentation
1.2. Product Definition
1.3. Research Process
1.4. Assumptions
2. Executive Summary
3. Global Lighting as a Service Market Overview
4. Expert Verbatim- What our Experts Say?
5. Global Lighting as a Service Market Analysis, 2015-2025F
5.1. Market Size & Analysis
5.1.1. Revenues
5.2. Market Share & Analysis
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